Bloomberg Cryptocurrency Report: Satis Group’s Top 10 Crypto Predictions In 10 Years (BTC $ 143,000, ETH $ 588, XRP $ 0.004, BCH $ 180, EOS $ 4.8, XLM $ 0.02, LTC $ 225, ADA $ 0.001, XMR $ 39,584 DASH $ 2,927)

By Michael Kennedy On Apr 29, 2021

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Bloomberg published a research report on the valuation of cryptoassets. This is the fourth in a five-part series (on the Cryptoasset market) created by leading ICO advisory firm Satis Group.

Research firm Satis Group has released a new report that features bold price predictions on the leading cryptocurrencies in the market right now. Attempts are made to produce accurate assessments based on real data.

(BTC $ 143,000, ETH $ 588, XRP $ 0.004, BCH $ 180, EOS $ 4.8, XLM $ 0.02, LTC $ 225, ADA $ 0.001, XMR $ 39,584, DASH $ 2,927)

report

The research company Satis Group forecasts Bitcoin at USD 144,000 in 10 years, Bitcoin Cash at USD 180

Individual crypto asset ratings
As this is an emerging, disruptive technology, the value of which has not yet been fully understood or demonstrated, it is becoming increasingly difficult to give a rating to every single crypto asset. This leads to wild price volatility led by speculators working on natural pricing.

The report, written by researchers Sherwin Dowlat and Michael Hodapp, takes a close look at the market valuations of cryptocurrencies. The duo used a combination of peer-based metrics, quantity theory, discounted cash flow models, and economic forecasting to create their valuations.

Satis Group’s research suggests that Bitcoin (BTC), the original Satoshi Nakamoto cryptocurrency that started it all, will continue to be the top priority. They estimate the price will be at $ 96,000 by 2023 and could hit nearly $ 144,000 by the end of the next decade (sorry, McAfee).

The next highest value cryptocurrency is Monero (XMR), which Satis said could reach over $ 18,000 in five years. By 2028, XMR is estimated to be worth $ 39,000, according to the report. Satis suggests that the “biggest upward trend” in the “overall crypto-asset market” is in the privacy sector. The company assumes that the network effect, similar to Bitcoin since its inception, would repeat itself with the dominant data protection coins.
Zcash (ZEC) and Dash (DASH) are right behind Monero with five-year valuations of around $ 4,400 and $ 1,900, respectively. In 10 years, Zcash could be worth over $ 9,000 while Dash would bring in just under $ 3,000.

It is predicted that Litecoin (LTC) will never hit its all-time high of $ 375 again. The 10-year outlook is just $ 225.

Statis predicts Ethereum will rise from here, peaking at $ 882 in 2019 and then falling around $ 100 in three, five, and ten years.

Other entries from the current top 10 of the cryptocurrency market will suffer far worse fates than Litecoin and Ethereum. These will not only lose value and never reach their previous highs, but will also see prices significantly lower than current bear market prices.

Ripple (XRP), for example, will be worth $ 0.004 in 10 years from the data. Stellar (XLM), which shares the same founder as Ripple, Jed McCaleb, will see constant prices between $ 0.01 and $ 0.02 over the next 10 years. Cardano (ADA) shares a very similar fate, dropping to $ 0.0001 after 10 years.

That leaves only EOS (EOS) and Bitcoin’s hard fork, Bitcoin Cash (BCH). EOS is strangely dropping to an estimated $ 0.05 per year, and in five and ten years’ time it will hit lower prices than its current $ 4.50 and $ 4.80. Unfortunately for front man Roger Ver, Bitcoin Cash will no longer see prices above $ 1,000 and will nowhere near its all-time high of $ 4,330. Satis suggests Bitcoin Cash will drop to just $ 268 in 2023 and just $ 180 in 2028.

Satis Research: Up (5 years) on BTC ($ 96,000), XMR ($ 18,000) and DCR ($ 535); Downside in BCH ($ 268)

Bloomberg published a research report on the valuation of cryptoassets. This is the fourth in a five-part series (on the Cryptoasset market) created by leading ICO advisory firm Satis Group.

The report describes three valuation methods for cryptoassets (excluding stablecoins):

Top Down (“Using the Quantity Theory of Money to Infer the Value of Cryptoassets Needed to Support a Forecasted Economy)
Peer-based (“using several network-specific metrics to arrive at relative ratings”)
Bottom-up (“Using discounted cash flow models to estimate the value of networks that deliver returns”)
It also shows how each of these three methods can be applied to different types of cryptoassets. In particular, it shows these examples:

Using Top Down for “Currency, Platform, Privacy, Other Utilities”
Use of peer-based for “platform sector, exchange sector”
Using bottom-up for “currency / data protection sector hybrid (e.g. DASH), exchange sector (e.g. BNB), other utilities sector (e.g. REP)”
The report’s authors acknowledge that these valuation techniques are not a good way of predicting prices in the short term, but they believe that basic valuation techniques will move closer to retail prices over a longer period of time, and especially as the industry matures in prices. “

Finally, here are the key takeaways from the report:

They estimate the amount of cryptoasset market value needed to support economic activities to expand from ~ $ 500 billion next year to $ 3.6 billion in 2028. “
“90% + of the Cryptoasset’s value will be achieved over the next ten years from ingress of offshore deposits.”
“Currency and privacy networks will be the greatest beneficiaries as the most fundamental value comes from holding value use cases.”
“Upside” (five years) in Bitcoin ($ 96,000), Monero ($ 18,000), and Decred ($ 535), “Cryptoassets that apply unique value propositions in deep and viral markets”
“Downside” (five years) on Bitcoin Cash ($ 268) and “Cryptoassets trying to inherit brand awareness and give incumbents minimal technological advantage”
“Little Value” (five years) in XRP ($ 0.01) and “Cryptoassets that are misleadingly marketed, not needed on their own network and have centralized ownership / validation”
They believe that most application specific “other utility” networks in their current construct “are of very little value”.

Bloomberg publishes a report on Cardano and Monero as the most valuable cryptocurrencies of the future

An analysis of the universe of leading cryptocurrencies, published by Bloomberg and compiled by analyst Sherwin Dowlat of the Satin Group, has just been released. And his conclusions will be particularly interesting read for supporters of the Cardano project.

The report uses a multi-faceted approach to the analysis of the leading cryptocurrencies, which serve either as stores of value or primarily as utility models. It covers metrics such as economic speed and implied speed and expects strong potential long-term upward movements for ADA provided certain conditions are met.

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At the same time, Dowlat outlines that his forecast is not optimistic for most utility models, even for those coins that see a reasonably successful introduction.

Dowlat is also examining the upside potential of privacy currencies, particularly Monero and ZCash, and doing a head-to-head comparison of arguably the world’s two leading cryptocurrencies for anonymity. The report concludes that the markets for these two currencies are likely to be primarily driven by illegal activity, although Dowlat also concludes that Monero is likely to be the bigger beneficiary of the two currencies – “becoming the user base of the privacy market will most likely have to rely on networks that we have more active code base development, ”he explains. XMR is likely to hit 60% of the market, with ZCH catching just under a third of that number.

However, the report is based on a number of assumptions and it is unclear why or how high-speed coins still struggle to appreciate in value in the longer term. However, the author points out that the views expressed are clearly his own, and also concludes that there are long-term benefits for both BTC and ETH.

Disclaimer: The information on this website is for discussion purposes only and should not be misunderstood as investment advice. Under no circumstances does this information constitute a recommendation to buy or sell any securities.