According to a report by the Hong Kong Wen Wei Po, Tony Tang, Deputy Director of the Financial Research Institute at the Hong Kong University of Science and Technology, predicts that the price of Bitcoin will rise significantly by 2030, potentially reaching as high as USD 1 million per coin. At the same time, the total issuance of stablecoins is expected to increase dramatically from USD 280 to 300 billion in the previous year to between USD 1.5 to 3 trillion by 2030. In addition, the share of on-chain financial services is projected to rise from a single-digit percentage last year to 20% to 30% by 2030.
Hong Kong Scientist Predicts Bitcoin Could Reach $1 Million by 2030
TechFlowShare
Summary
Bitcoin news from Bo Tang of the Hong Kong University of Science and Technology suggests that the price could reach $1 million by 2030. Stablecoin issuance is expected to grow from $2.8 trillion to $3 trillion in 2024, and then stabilize between $1.5 trillion and $3 trillion by 2030. On-chain financial services are projected to increase from single-digit percentages to 20%–30% by 2030. Investors who are tracking altcoins for potential may also consider Bitcoin's long-term prospects in this evolving market.
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