AlexTech86

Bitcoin Multi-Decade Analysis 2019

Long
AlexTech86 Updated   
BNC:BLX   Bitcoin Liquid Index
Bitcoin adoption can be mapped according to Metcalfe's Law and Stock-To-Flow regression analysis. A price of $10,000,000 USD in 2050 is assumed using exponential curve fit to existing logarithmic price structure. As the market cap rises the volatility is reduced and the gartner hype cycles become less and less significant.
Comment:
The yellow vertical lines are Bitcoin's halving dates. When this occurs, the block rewards released to miners cuts in half, resulting in a relief of selling pressure (miners sell their block rewards to update their mining rigs with new equipment). This creates a market shock that pulls price upwards over the following months and years.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.