The assumption that Bitcoin could reach the $60,000 mark was put forward by Tai Lopez, a financial expert. According to him, it is enough that only 1% of the world’s richest people save money and the price for cryptocurrencies will fly faster than a F-35C (a fighter on an aircraft carrier, dispersed by a special mechanism).
According to Forbes statistic, there are about 15 million people with more than a million dollars in capital around the world, one third of them lives in North America (USA, Canada). The forecast made by M. Novogratz predicts a price of 40.000 by the end of next year, due to the inflow of large capital from traditional investors brought to the market through Bitcoin futures.
The figures evidence the following:
At the time of the writing, Bitcoin price was $19,008.1, with a total capitalization over $320 billion;
To raise the Bitcoin price to 50,000, capitalization has to reach 1 trillion dollars.
The attraction of institutional investors’ money to Bitcoin through futures is quite realistic. Bitcoin can become a means of storing currency and then the forecasts of Taya Lopez and Mike Novograts are likely to come true.