State German bank Bayerische Landesbank (BayernLB) has conducted a research, and according to its results the rate of the first cryptocurrency will exceed $90 000 next year already.
The researchers have noted that next year the reward for mining is going to be halved, after this Bitcoin price will significantly increase. At the same time, if for gold it took hundreds of years to reach the current ratio of reserves to new assets, then Bitcoin can reach the same ratio as early as next year.
As the research`s author Manuel Andersch says, the high ratio of available stocks of the asset to the annual new issue makes it an excellent option for exchange trading and makes it possible to use it as money. Moreover, next year already this parameter may significantly increase.
“If we model new data on the ratio of reserves to the flow of new bitcoins, we will see a dizzying increase of the asset price to $90 000”, – Andersch said.
BitcoinDoubler2x reminds you that Bitcoin mining reward halving is expected in May 2020 at a block number 630 000. At a certain point, the code incorporated into the mining algorithm of the first cryptocurrency will reduce the size of the reward from 12.5 to 6.25 BTC.