With Bitcoin going down a bit today, new bullish and positive news items are of course always welcome. This time, the advisory firm Satis Group is spreading some bullish news, claiming they believe Bitcoin’s price might jump to $96,000 over the next five years. Maybe not the $1 million per Bitcoin that some others are claiming, but with Bitcoin hovering around 6.8k currently, a future price of $96k in 5 years isn’t bad at all.

In a new report published by the Satis Group, the advisory firm examined how the cryptocurrency market is valued currently and whether this valuation matches the actual assets underlying token prices. The report, written by researchers Sherwin Dowlat and Michael Hodapp, also created predictions for how the market might look over the next few years.

The report also attempted to predict how cryptocurrencies might perform in the next 5 years and what the price of different cryptocurrencies will be by then. According to the report, coins like Bitcoin, Monero and Decred should see their prices spike as they are “cryptoassets which apply unique value propositions within deep and viral markets.”

A less positive future, however, will be reserved for coins like Bitcoin Cash, which attempts to inherit brand recognition and provide a minimal technological advantage to incumbents. Therefore, the belief is that these kinds of cryptoassets will drop in value. Coins like XRP received the harshest predictions, with the report from Satis Group saying the token would drop to $0.01.

The report explained:

“Within the currency networks, we continue to see upside in networks that have cultivated relatively organic growth and community (such as LTC), meaningful downside from networks that have inherited brand recognition and potentially short-lived adoption during hiccups from their fork-parent (such as BCH), and very little value in networks that are misleadingly marketed and not even required for use within their own network (such as XRP).”

Furthermore, the rapport also addressed “platform networks” like Ethereum, predicting that over the next 10 years, a smaller percent of token projects will be built on top of Ethereum rather than other networks. That said, the report also mentions that Ethereum is currently undervalued.

“At current levels, we still believe ETH to be undervalued relative to the share of the cryptoasset in the total available market”

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