Bitcoin's Market Cap Exceeds $1.9 Trillion, Potential to Reach $1.2 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Fool
- Market Dominance: Bitcoin's market capitalization exceeds $1.9 trillion, accounting for over half of the total value of all cryptocurrencies, demonstrating its dominant position in digital assets despite competition from stablecoins.
- Investment Return Potential: Ark Investment Management forecasts that Bitcoin could reach $1.2 million by 2030, implying a potential upside of 1,159% from its current price of $95,300, which is attracting investor interest.
- Institutional Investment Trend: By 2030, institutional investors are expected to allocate about 6.5% of their assets, equating to approximately $13 trillion, to Bitcoin, boosting market demand and price, particularly with the proliferation of ETFs.
- Challenges as Digital Gold: Although Bitcoin is viewed as digital gold, its performance in the face of economic uncertainty has not matched that of gold, which may affect its perception as a store of value and subsequently influence institutional investment willingness.
Analyst Views on V
Wall Street analysts forecast V stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for V is 402.76 USD with a low forecast of 315.00 USD and a high forecast of 450.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
26 Analyst Rating
21 Buy
5 Hold
0 Sell
Strong Buy
Current: 327.750
Low
315.00
Averages
402.76
High
450.00
Current: 327.750
Low
315.00
Averages
402.76
High
450.00
About V
Visa Inc. is a global payments technology company. It facilitates global commerce and money movement across more than 200 countries and territories among a global set of consumers, merchants, financial institutions and government entities through technologies. It operates through the Payment Services segment. It provides transaction processing services (primarily authorization, clearing and settlement) to its financial institution and merchant clients through VisaNet, its proprietary advanced transaction processing network. It offers a range of Visa-branded payment products that its clients, including nearly 14,500 financial institutions, use to develop and offer payment solutions or services, including credit, debit, prepaid and cash access programs for individual, business and government account holders. It also provides value-added services to its clients, including issuing solutions, acceptance solutions, risk and identity solutions, open banking solutions and advisory services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
