According to a recent report, a 4,000% increase in Bitcoin price may be seen over the next decade. The June release of Crypto Research Report focuses on the market’s forecast that it will increase significantly over the next decade.
According to the report, experts state that Bitcoin price will reach new heights and similarly Ethereum, Litecoin, Bitcoin Cash and Stellar altcoins will come along. The forecast is seen as $ 397 thousand for 2030.
Coronavirus in the Global Economy and Crypto Money Market
Addressing the impact of the coronavirus global pandemic on the world economy, the report includes the following statements:
“The Federal Reserve’s two-month impact is even greater than the amount it injected into the markets in response to the 2008 ‘Great Recession’. The Fed acted so fast that they should know how fragile the financial system is and how dependent the markets are on cheap money. Traditional markets no longer reflect the state of the economy. Instead, they reflect the central bank’s efforts to keep the pension system alive and Trump’s re-election. Unfortunately, there is no going back from here. Every turbulence in the economy needs to be met with greater inflation, leading to a wider gap between reality and finance. ”
The report also states that the Bitcoin split in May did not have a significant impact on the market, as most traders and investors expected. However, experts think that uncertainty about the economy as a result of the Coronavirus may have created this situation. The researchers state that the national currencies and policies surrounding the export and import markets can direct individual investors to alternative assets such as Bitcoin investment.