ICO Advisor Satis Claims $96K Bitcoin Price Possible in 5 Years

Initial coin offering advisory firm Satis Group believes bitcoin’s price might jump to $96,000 over the next five years, according to a new report.

Satis Group published the latest report in its five-part analysis of the cryptocurrency ecosystem Friday, this time examining how the cryptocurrency market is valued and whether this valuation matches the actual assets underlying token prices. The report, written by researchers Sherwin Dowlat and Michael Hodapp, also created predictions for how the market might look over the next few years.

Notably, the report attempted to predict how different cryptocurrency prices might look over the next five years if valued based on the underlying assets rather than speculation, saying that coins like bitcoin, monero and decred should see their prices spike as they are “cryptoassets which apply unique value propositions within deep and viral markets.”

On the other hand, the researchers believe that coins like bitcoin cash and other “cryptoassets which attempt to inherit brand recognition and provide minimal technological advantage to incumbents” will drop. Coins like XRP received the harshest predictions, with the Satis Group saying the token would drop to $0.01.

The report explained:

The paper also addressed “platform networks” like ethereum, predicting that over the next 10 years, a smaller percent of token projects will be built on top of ethereum rather than other networks when compared to the present (a previous Satis Group report noted that ethereum has roughly 86 percent of the market share for projects being built on top of existing platforms).

That being said, “at current levels we still believe ETH to be undervalued relative to the share of the cryptoasset market’s TAM it targets,” citing the cryptocurrency’s liquidity and reputation as supporting the overall network.

Miniatures on bitcoin image via Shutterstock

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