Satis Group: Bitcoin will pass $96,000 USD, Monero to reach $18k

Earlier this year, Initial Coin Offering (ICO) advisory service and research firm Satis Group outlined that up to 81% of all ICOs might be little more than scams – and now the company has issued its own forecast as to where the future of various cryptocurrencies might lie.

Outlined in a new research report, Satis Group predicts that Bitcoin and Monero will be the biggest winners five years from now; outlining that while Bitcoin will retain its dominance as the pre-eminent cryptocurrency and will eventually climb to $96,378 USD, Monero will score first place with a climb to $18,498 USD in the same time period.

Interestingly, the firm predicts that Ripple’s XRP is expected to face a -97% decline to just $0.01 USD, while Cardano’s ADA would face a similar dropoff to touch vales as low as $0.001 USD.

Fast forwarding to a ten-year evaluation, the firm predicts that Bitcoin will eventually reach values of $143,900 USD, while Monero would grow to reach $39,584 USD. Ripple would supposedly fall further to just $0.004 USD, while Cardano’s value would remain constant.

Other favourites, such as Litecoin, are projected to reach $134 USD in five years, and later $225 USD in ten years.

The report outlines that Bitcoin will continue to lead cryptocurrencies into the future – elaborating that “Despite a lack of appeal during retail frenzies, we continue to believe that BTC and its network effect will dominate end-market share within Currencies and the overall cryptoasset market, driven by: 1) increasing liquidity and purchasing avenues, 2) increasing brand recognition, 3) its position as the default base-pair within the crypto markets, 4) declining relative volatility, 5) relative lack of attack vectors, 6) network capacity alleviation through the maturity of layer-2 solutions, and 7) an increasingly high attack and overthrow cost.”

The report controversially outlines that several cryptocurrencies may well be set up for failure – expressing that “Within the currency networks, we continue to see…meaningful downside from networks that have inherited brand recognition and potentially short-lived adoption during hiccups from their fork-parent (such as BCH), and very little value in networks that are misleadingly marketed and not even required for use within their own network (such as XRP).”

Related Articles

How is Bitcoin regulated in the United States?

Bitcoin regulation is an ever-evolving topic, especially in the United States where national legislation is impacted by individual states.

BlockFi financial leaks shows $1.2 billion FTX links

Financial information accidentally leaked in a presentation shows that BlockFi's financial ties to FTX were much higher than previously...

Genesis slapped with lawsuits amidst bankruptcy proceedings

Class action lawsuits have been filed against crypto lending platform Genesis as the firm deals with bankruptcy filings.

New crypto regulation in Japan will allow stablecoins

Amendments to the Payments Service Act of 2022 will lift the ban on foreign stablecoins in Japan from no later than June 2023.

See All