Satis Group Research Forecasts Bitcoin at $144,000 by 2028

Using real-world data, research firm Satis Group has released its 10-year price forecast for the 10 leading cryptocurrencies.

On Aug. 30, Satis Group released a new report that outlines the valuation of leading cryptocurrencies over the next decade.

The report, dubbed "Cryptoasset Market Coverage Initiation: Valuation," utilized several market factors-including quantity theory of money, multiples of network-specific metrics and discounted cash flow models-to estimate the future value of 10 leading digital assets.

Satis proposes that Bitcoin will maintain its dominance as the world's largest cryptocurrency by market capitalization and reach $143,900 in 10 years, a 1,941 percent increase in value from its current price.

The report further reasons that Bitcoin will remain a market leader due to increasing liquidity, brand recognition, stability and opportunities for purchase over time.

Among the highest growth cryptocurrencies, Satis predicts that privacy networks, such as Monero and Dash, will have the largest upside.

In the report, Satis predicts XMR at $39,584 and DASH at $2,927 by 2028.

Satis further predicts that platform networks, such as EOS and Ethereum, will decline in price over the next 10 years due to issues with governance and user interface.

The report predicts Ethereum prices at $882 by 2019 and decreasing over the subsequent nine years to $588. "Within the Platform networks, we forecasted ETH losing share. While we do acknowledge the strong community around the ETH network, minor flaws in design and governance can expose the relatively low switching costs of overlying networks built on top of it."

Notably, Satis predicts that over 90 percent of digital asset value will "Be derived from penetration of offshore deposits" and will reach a $3.6T overall market cap by 2028.Cover Photo by John Fowler on Unsplash.