The Bitcoin float is limited; not more than 20 mln “coins” can be produced and about 95% have already been mined, VTB investment advisor Artyom Markin said
YEKATERINBURG, October 7. /TASS/. The price of Bitcoin may reach $200,000-250,000 in the midterm, VTB investment advisor Artyom Markin said at the VTB Investment Forum “Russia Calling! Yekateriburg.”
“The rate set a new historic maximum literally yesterday, having moved above $125,000, and according to our estimates, the growth potential is far from being depleted,. The move to $150,000 can be expected in the near term, and up to $200,000-250,000 per Bitcoin in the midterm,” Markin noted.
The Bitcoin float is limited; not more than 20 mln “coins” can be produced and about 95% have already been mined, the analyst said. “It means the offer is limited objectively and the demand continues growing – this supports its price,” he added.
Bitcoin is a decentralized system of cryptocurrency of the same name based on blockchain technology, which can be mined by any user – participant in the system, by creating new blocks of the system.
The concept was published in November 2008 by its author (possibly a group of authors) under the pseudonym Satoshi Nakamoto. Bitcoin has reached its peak of popularity only in recent years.
TASS is the information partner of the VTB Investment Forum “Russia Calling!”.
