Ned Davis Research forecasts bitcoin at $170,000 by 2030 and $230,000 by 2035
- —Ned Davis Research targets: ~$170,000 by 2030 and $230,000 by 2035
- —To reach $170,000 bitcoin needs +123%, and +201% for $230,000, from ~$76,300
- —Strategist LaForge is skeptical of the stock-to-flow model for underestimating demand
- —Cash costs for public miners were ~$75,500 per BTC in the second quarter
Why it matters: The long-term targets contrast with the $450 million outflow from spot BTC ETFs on September 15 and the price's proximity to mining costs.
Source: Coin Türk