Simon Dedic Predicts Five Figure Price for BTC
BlockFyre founder Simon Dedic is predicting that the next bull rally will take the world’s number one digital currency by market cap – bitcoin – into the $150,000 range. He’s also predicting that many altcoins will hit it big as well, with assets like Ethereum striking the $9,000 mark.
Dedic: Bitcoin Will Hit $150K
In a series of tweets, Dedic discussed the 2017 bull run that saw virtually every digital currency spiking to levels that virtually nobody could have predicted. At that time, bitcoin was trading for nearly $20,000, while Ethereum spiked beyond $1,400. Ripple was also trading for more than $3 while Litecoin broke $400.
He’s confident that the next bull run will not bring about the same circumstances. In fact, he’s confident that most of the altcoins we’re familiar with today will potentially die out or remain at the bottom of the financial ladder, while only a handful of others will potentially join bitcoin and cross into northern territory.
Among the currencies he thinks will strike it big in the coming years will be bitcoin, Ethereum, Chainlink, Binance Coin (BNB), VeChain and Tezos (XTZ). He is predicting that bitcoin and Ethereum will hit the prices previously stated. However, he’s claiming that Chainlink will eventually reach $200, while Binance Coin will sell for roughly $500 per unit. He also predicted VeChain to hit $1 each and Tezos to hit $200.
As good as all this sounds, these are some large bursts in a relatively short period. If bitcoin, for example, should it ever reach $150K as he predicts, the currency would ultimately incur a price increase of more than 1,400 percent, while Ethereum’s jump to beyond $9K would mean that the currency would increase in value by more than 3,500 percent.
Even VeChain’s price prediction is something to gawk at. Right now, the currency is trading for less than one cent and only ranks number 29 on the list of the world’s biggest digital currencies. It’s spike to $1 per unit would mean that the currency would experience a spike of more than 13,000 percent.
These Are Some Big Moves for Crypto
However, what all these coins seem to have in common is that they are exhibiting massive changes to their networks or protocols that will be expected to take their blockchains and abilities to new heights. Ethereum, for example, is the world’s second largest cryptocurrency by market cap and a direct competitor to BTC. Right now, the currency is expected to undergo a protocol change that will take its network from a PoW (proof of work) module to a PoS (proof of stake) module.
According to people like co-founder Vitalik Buterin, this will potentially make ETH much more scalable. The move is slated to bring down traffic while also decreasing gas fees, which have come by way of massive congestion over the past few years.