Bitcoin regression to hit $1-5 million within 12 years
Was Jack Dorsey correct in predicting "bitcoin would likely become the single global currency within 10 years, “but it could go faster.” back in 2018?
Trolololo's famous 2014 regression predicted a price of $100,000 for bitcoin by July 2021 after correctly predicting a price in excess of $10,000 in 2017. The $100k target remains to be achieved, but seems likely based on current trends and momentum.
Bitcoin logarithmic power law predicts a Bitcoin price by 2032 of at least $1 million and as high as $7 million by 2032, which would put bitcoin in a similar ballpark in terms of total market as of Gold.
Based on "final" destinations and measuring the power law channel based on previous tops, a high of between $95k-150k is possible to estimate for the current halving cycle, assuming the cycle high is complete before the end of 2021, with a cycle low excpected between $20k and $50k before 2024.
Trolololo's famous 2014 regression predicted a price of $100,000 for bitcoin by July 2021 after correctly predicting a price in excess of $10,000 in 2017. The $100k target remains to be achieved, but seems likely based on current trends and momentum.
Bitcoin logarithmic power law predicts a Bitcoin price by 2032 of at least $1 million and as high as $7 million by 2032, which would put bitcoin in a similar ballpark in terms of total market as of Gold.
Based on "final" destinations and measuring the power law channel based on previous tops, a high of between $95k-150k is possible to estimate for the current halving cycle, assuming the cycle high is complete before the end of 2021, with a cycle low excpected between $20k and $50k before 2024.