According to Bakkt Holdings forecasts, in five years the value of the cryptocurrency market could increase fivefold.
As part of a presentation to investors related to the company’s plans to enter the New York Stock Exchange and merge with Victory Park Capital, Bakkt expects total digital currency capitalization to reach $ 3 trillion by 2025. The company is currently evaluating «notional value» crypto market in $ 564 billion (according to CoinMarketCap, the current capitalization is $ 977 billion).
At the same time, Bakkt notes that over the past year, investor interest in digital assets and the level of confidence in them have grown significantly, especially after the fourfold increase in the bitcoin rate. The economists of the company expect that in the next five years its income will increase annually by an average of 75%..
However, the first week of 2021 sees a 97 percent decline in capital inflows to crypto funds and investment products. CoinShares analysts attribute this to the New Year’s wave of profit taking and traders’ vacations..
text: Ivan Malichenko, photo: iStock, chart: CoinMarketCap