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Fidelity predicts Bitcoin (BTC) worth in 2030, according to Lark Davis

Top analyst Lark Davis shares with his subscribers Fidelity’s prediction on Bitcoin price by 2030, saying that cryptos will overtake the dollar by 2030.

According to the trader, one of the world’s biggest asset managers has become one of the world’s biggest bitcoin bulls with a top off-model for Bitcoin price.

In particular, Jurrien Timmer, Director of Global Macro at Fidelity, presented a method of valuing bitcoin that predicts BTC reaching $1 billion per coin in about two decades by  2038.

Top analyst Lark Davis shares with his subscribers Fidelity’s prediction on Bitcoin price by 2030, saying that cryptos will overtake the dollar by 2030.

“Metcalfe’s Law holds that, as the number of its users grows linearly, a network’s value or, by inference, the bitcoin price grows geometrically.”

Davis further explains that the utility value of Bitcoin will outgrow its operational network. This operational network encompasses buyers, sellers, exchanges, and ATMs.  In addition, it also includes participating retailers and some leading organizations such as the Dallas Mavericks and AT&T. Rounding out this network are a few insurers, several banks, and a multitude of small businesses.

Moreover, the crypto KOL also points out 2 other reasons for Bitcoin dominance that the loss of value of fiat currencies and around 7 million permanently lost Bitcoin.

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