BNB price prediction? Following the BEP-95 burning introduction

With the BEP-95 update BNB tokens now being burnt as exchanges are made using BNB to cover fees.

This is an incredible change to how BNB functions.

BNB supply will now decrease below the 100m tokens amount that is was due to with the BNB quarterly burns.

So far in the first week since BEP-95 came in approx 9,000 tokens have been burnt. This equates to about 500,000 a year (rounded) being burnt.

This is hugely significant in my view. I believe the penny has not dropped yet with the wider market.

The amount of tokens being burnt will further increase as Bimance usage grows. Despite troubles in US and the UK binance users have increased from 21.5m in 2020 to 28.6 in 2021 - still waiting for 2022 figures. Binance is growing with the crypto market and remains by far the most dominant exchange.

This means the amount of BNB being burnt will likely increase, reducing supply further. Which reduces max circulating supply of BNB tokens.

I have always been bullish on BNB and expected price to continue to go up as the tokens are burnt on a quarterly basis.

But with BEP-95 I am now extremely bullish.

I find it hard to put figure onto this but I do not see why over the long term why BNB cannot achieve £5,000 or $10,000 per token. Long-term ot could go way further than this as the whole crypto market expands and grows.

Over a quick period of time we will see the supply of BNB reduce to 90 million, then 80 million and so on.

Binance users need to hold a small amount of BNB to pay reduced exchange fees. BNB will always be in demand as long as Binance is around and thriving.

It's amazing to think in 5 years how many users Binance should have with current growth rates continue. This will see huge amounts of BNB being burnt.

I suspect the wider crypto market hasn't quite grasped the BEP-95 update yet and what this means!