An expert on Altcoin Daily puts forward the view that Bitcoin is in for some massive upside and may reach $1.4 million by 2030. The analyst makes a case for this by looking at what happened with gold after its ETF was introduced.
BTC’s Path Compared to Gold’s ETF Surge
There is historical basis for the prediction of a $1.4 million Bitcoin in 2030. On Altcoin Daily, the analyst notes how the market cap of gold rose to $30 trillion after the first ETF was launched in 2004. With spot Bitcoin ETFs now approved, the expert contends BTC could follow a similar trajectory as institutional money and the wider public get involved. If it retraces that kind of path, an 18-fold jump from current levels would put the market cap in the tens of trillions— not unheard of when considering the volume of capital that has flowed into gold since the ETF era began.
Crypto Market Outlook for the Current Cycle
Looking at the current cycle, the expert estimates the total crypto market will reach between $10 and $12 trillion by year’s end. If institutional demand holds, Bitcoin will make up 50 to 70 percent of that, and its dominance in the industry will be assured. This thesis is based on digital assets being more widely adopted by both retail and institutional investors, with the latest round of ETFs acting as a catalyst for capital inflows.
Broader Industry Trends: Solana and Ethereum Gain Momentum
The bullish outlook is further supported by developments elsewhere in the crypto world. Solana has surpassed BNB Chain in tokenized equities trading to claim the number one position with 34% of the market. And with Samsung teaming up with Solana to bring stablecoins to 82 million Galaxy handsets in the US, there are more practical applications for crypto. Then there is Swift, which has chosen Ethereum for the infrastructure of its tokenized assets— no small step in the institutionalization of the space. Hyperliquid, the blockchain for financial asset trading, is also poised to attract institutional investors.
This article reflects the channel author’s opinion and is not investment advice.
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Source — Altcoin Daily: https://www.youtube.com/watch?v=7lay6ry9IrA
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