According to Lark Davis, the capitalization of the main cryptocurrency in four months may exceed $ 5 trillion.
Cryptanalyst Lark Davis is confident that by the end of this year, bitcoin will rise in price by 300% and update its historical maximum. The last time the price of a digital coin updated its historical maximum in mid-April at $ 64.8 thousand.
After that, the quotes went down and in May the cryptocurrency reached $ 30 thousand for the first time since January. In June, the bitcoin rate fell to $ 28.8 thousand. Since July 20, the cryptocurrency has grown by 70%.
“At the end of the year, we will see real fireworks in the cryptocurrency market.
We are not going to get 700% growth in bitcoin, but perhaps we will get another 100%, 200% or even 300% growth, ”said Davis.
According to the Davis , in the case of 300% growth, the capitalization of the main cryptocurrency (Bitcoin) will reach $ 5 trillion.
Yesterday, on August 23, the cost of bitcoin for the first time since mid-May exceeded $ 50 thousand. At the moment, the cryptocurrency rate reached $ 50.5 thousand.
The capitalization of the crypto market increased to $ 2.2 trillion. At 18:15 UTC on 24 August, the digital coin is trading at $ 48.5K.