Bitcoin price predictions usually aren't worth the paper they were written on...
Likely including this one.
However, this one is at least based on what bitcoin has actually done thus far, so I figured I would throw it out there anyways.
This one bases its predictions on the long term price trajectory of bitcoin.
Starting in 2010, we can see that bitcoin has grown at a 235% CAGR (Compound Annual Growth Rate).
The chart of that looks something like this:
(Source:
)https://twitter.com/PanteraCapital/status/1154074046692286475
- PanteraCapital
What does this imply about future prices?
Well, it could imply some very good things for the bulls.
If bitcoin reverts back to its long-term trend, we could expect to see roughly $42k by the end of 2019, $122k by the end of 2020, and $356k by the end of 2021.
Not quite John McAfee numbers, but they are way up there.
Will things work out exactly like this?
No, probably not, but if they are even remotely close, anyone buying now is going to be very happy.
Stay informed my friends.
-Doc