Bitcoin Price Predictions: Where Can the Titans Take the BTC Crypto?

The Tennessee Titans final evening introduced that it could develop into the primary NFL workforce to permit its clients to make use of Bitcoin (BTC-USD) for funds. At first, the workforce will solely settle for the cryptocurrency for “massive and recurring funds or companies.” However down the highway, the Titans intend to allow their followers to make use of Bitcoin to pay for low-cost, non-recurring objects, together with “single-tickets [and] merchandise.” Individually, a couple of web sites just lately issued bullish, long-term Bitcoin value predictions.

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Whereas numerous different main U.S. skilled sports activities groups, together with the MLB’s Oakland Athletics and the NBA’s Dallas Mavericks already settle for Bitcoin, the foreign money’s entrance into the NFL is vital for 2 causes.

First, the NFL is usually seen as “the most well-liked sport in America.” Consequently, assuming a number of NFL groups start accepting Bitcoin, thousands and thousands of those groups’ followers might very effectively observe of their footsteps and start utilizing and accepting the cryptocurrency.

Secondly, such a pattern would create better demand for Bitcoin, placing upward strain on the cryptocurrency’s value.

What Are High Bitcoin Value Predictions?

Turning to long-term Bitcoin value predictions, Gov Capital stories that “the asset value has been in a downtrend for the previous 1 yr.” Nonetheless, utilizing deep studying programs, the web site expects the cryptocurrency’s worth to close $76,700 in a yr.

In the meantime, in 5 years, WalletInvestor expects the worth of Bitcoin to be practically $160,000. And at last, DigitalCoinPrice predicts that Bitcoin’s value, in common situations, would close to $64,000 subsequent yr and strategy $66,000 in 2024.

On the date of publication, Larry Ramer didn’t have (both straight or not directly) any positions within the securities talked about on this article. The opinions expressed on this article are these of the author, topic to the InvestorPlace.com Publishing Tips.