Bitcoin

<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/bitcoin/bitcoin-price-prediction-btc-price-to-surge-100-within-a-year-analyst-predicts/">Bitcoin Price Prediction: BTC Price To Surge 100% Within A Year, Analyst Predicts</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In a recent youtube interview with Scott Melker, Preston Pysh confidently <a href="https://www.youtube.com/watch?v=rwavPMJOUA4" rel="noopener noreferrer nofollow">stated</a> that Bitcoin will emerge as the 100% ultimate store of value and a potent hedge against the relentless erosion of fiat currencies, like the US dollar. In simple words, it’s the best investment option if you want to double your money, the analyst says. He gave his bullish reasons behind his stance, let’s dive in.&nbsp;</p> 
<p>According to the analyst, Bitcoin is a relatively stable currency in comparison to fiat currencies. The real kicker, according to Pysh, is that the value of other traditional currencies would drop owing to widespread inflation, creating a compelling situation for Bitcoin’s stratospheric growth.</p> 
<h2 id="analyst-bullish-outlook-for-bitcoin" data-name="analyst-bullish-outlook-for-bitcoin" class="wp-block-heading"><strong>Analyst Bullish Outlook for Bitcoin</strong></h2> 
<p>Having said that, Pysh admits that many people will not digest this concept, mainly because the majority of expenses across the globe are still pegged to good old-fashioned fiat money. But he has an interesting point where he says that Bitcoin’s annual worth will double every year against these fiat currencies, with exponential growth over the next few years, making it more attractive to investors than dollars and Euros.&nbsp;</p> 
<p>He says why can’t we imagine “<strong>No pay us in Bitcoin</strong>” a future where people might be settling their bills in Bitcoin simply because it’s an obvious choice? As the scales tip even further, the annual depreciation of fiat currencies against Bitcoin could hit an astonishing 500% or even 1,000%. </p> 
<p>While the projections are high and making crypto a mainstream channel may pose some risk as of now as there are no clear rules and hence no accountability on the defaulters. Do you think it will be used as a payment option?&nbsp;</p> 
<p>Well on this, Pysh goes on to illustrate a scenario where businesses, worried by the rapid decline of fiat, start insisting on receiving payments in the form of Bitcoin, sparking a surge in real-time Bitcoin transactions. And here’s the kicker: due to this increased demand, both small and large firms may rush into the Bitcoin market in an effort to profit from the transaction fees that may be incurred.&nbsp;</p> 
<p>At the time of writing, Bitcoin is trading at $29,165, managing a modest 0.1% uptick in the last 24 hours.</p> 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
 <div class="wp-block-embed__wrapper"> <iframe title="Bitcoin To Go Up By 100% A Year &amp; The Real Reason Why BlackRock Invests In Bitcoin | Preston Pysh" width="1220" height="686" src="https://www.youtube.com/embed/rwavPMJOUA4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
 </div> 
</figure>

Bitcoin Price Prediction: BTC Price To Surge 100% Within A Year, Analyst Predicts

Table of Contents

CoinPedia News

Other articles published on Aug 8, 2023

Xsolla and Crypto.com combine for Digital Payments

Announcing Moonland’s Anticipated NFT Airdrop: The Doggos

Bitcoin Will Move Huge This Week: Predicts Popular Analyst

Binance Becomes First Fully Licensed Crypto Exchange in El Salvador

Wave of Fake PYUSD Tokens Follows PayPal’s Stablecoin Debut

Unlocking the Crypto Treasure: A Guide to Earning Free Bitcoins

Join our free newsletter for daily crypto updates!