With Bitcoin prices showing a clear recovery after a recent adjustment, the prospect of a new all-time high for Bitcoin continues among experts. According to Cryptoglobe on the 12th (local time), an analyst known as a smart contractor predicts that Bitcoin will soon surpass its previous high.
He said that in the current $1.7 trillion cryptocurrency market, Bitcoin’s share is increasing from the bottom of 60% to the expected highest share of 66%.
In response to a tweet from another analyst that the bitcoin price will enter the $60,000 to $70,000 range, the smart contractor replied that it also expects the bitcoin price to break the $60,000 line.
Kevin O’Leary, star and investor of the popular TV show Shark Tank, predicts that crypto assets could reach a market cap of $20 trillion.
O’Leary, nicknamed “Mr. Wonderful,” said in a recent interview that “the $100,000 bitcoin price doesn’t seem crazy.”
There are also stronger prospects than these. Jesse Powell, CEO of the cryptocurrency exchange Kraken, argued that the price of bitcoin could exceed $1 million over the next 10 years, and “go to infinity” in the long run.
Bitcoin is rising again above $57,000 after the news of Micro Strategy’s additional purchase of bitcoin was announced on the same day.