Bitcoin, the cryptocurrency, the minting, creation of which is based on the hashing tree artificial intelligence, AI algorithm is in a bubble state, according to Wolfteam Ltd. As most new, moonshot technologies, which first go through blowout expansion phase, then the price bubble pricks and a more gradual, but constant and relatively fast rise ensues.
Bitcoin's price could rise to 73 000 USD in 2024, go up to 124 000 USD in 2025 and even touch 177 000 USD in 2025. However, such a Bitcoin price development will constitute an AI, Bitcoin price bubble, according to Wolfteam Ltd.'s projections and estimates. A more gradual rise by 20 000 USD a year is more grounded on the long-term Bitcoin, cryptocurrencies fundamental long-term potential, according to Wolfteam Ltd.'s valuations estimates.
Naturally, Bitcoin, cryptocurrencies relates stocks like Coinbase, Nu Holdings Ltd. Microstrategy, Hood, Block Inc, etc. will turn out to be also in a bubble state as Bitcoin's price rises by more than 40 000 USD a year in the next three years, as Wolfteam Ltd. forecasts it will, as long as the Federal Reserve starts lowering interest rates levels and keeps on with it.
All this is barring a Black Swan regulation event, that could hinder or outlaw Bitcoin, some major cryptocurrencies totally.
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