Topic: Bitcoin valuation forecast for 2020-2060 from $10K to $100K: Is it reasonable? - page 2. (Read 335 times)
January 25, 2020, 06:01:07 AM
What I don't like about your prediction is that is a very long time prediction and I don't know if such information can be preserved with the next generation of technology. The prices that you have listed are far and way beyond what can be debated upon because you don't have any scientific proof.
January 25, 2020, 05:09:50 AM
Like others have said, I doubt that you'd extract any meaningful metric of price 20 or 40 years from now and I'd encourage you to focus on learning about Bitcoin rather than speculating potential gains and prices.
What I like about your post is that you're speaking of keeping your savings in Bitcoin! I think that is what will fuel the next round of interest and ultimately leading to wider adoption.
Saifdean A. recently said, "Savings is the most subversive thing you can do with Bitcoin"
What I like about your post is that you're speaking of keeping your savings in Bitcoin! I think that is what will fuel the next round of interest and ultimately leading to wider adoption.
Saifdean A. recently said, "Savings is the most subversive thing you can do with Bitcoin"
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January 25, 2020, 04:52:19 AM
trying to predict bitcoin for decades to come is not certain, even with all the information we have, we cannot speculate exactly what bitcoin price will be achieved in the coming months. although I think that bitcoin will have a high price at that time, it is still uncertain, even the percentage is very small, because we do not know what will happen, especially when bitcoin prices rise high, it will definitely create many problems for bitcoin. however, it is better to speculate on what is in front of us based on the information we get, rather than speculating for the next few decades, but it does not have a sound basis.
January 25, 2020, 12:45:22 AM
That is computed compounded and exponentially. There is a chance for that, same like what happened to stocks but cryptocurrency is volatile and a tech product. We never know what new tech could the mass community will be hooked 10 to 40years from now. Even reversal of that can also happened. The estimation is set for a longer period which isn't valuable for now, cause maybe the inflation is already high during that time and the price of goods and etc.
January 24, 2020, 03:57:48 PM
Trying to predict bitcoin 40 years from now is nothing more than dart throwing. There is absolutely no scientific way to determine crypto prices 40 years from now, if anyone tells you there is they are either lying or kidding themselves. Stick to the near term and let history handle itself. Keep stacking sats and enjoy the ride.
January 24, 2020, 03:45:58 PM
Bitcoin reaching the $10000 within a month, year or two is highly possible but if each bitcoin rises upto a mammoth $100000 that would rise the total market cap of bitcoin to over $2.1 trillion. Gold on the other hand sums upto just over $7.5 trillion and the total cryptocurrency marketcap could hit a total of over $5+ trillion approx in 20 years. This kind of a future is highly possible only when there is widespread adoption of bitcoin in almost all the places of this world.
The 2017-2018 market rise was driven with fake hype and speculation and hardly any exciting news backing up the speculative investment. Bitcoin is meant to be used as a currency rather than considering them as a safe asset or a trading mechanism and the exact market prices are determined only based on the widespread usage.
Your second scenario of $1 million per bitcoin is highly impossible in less than 75-100 years and the current total market cap of physical currency in this world is around $36 trillion. If bitcoin were to reach $1 million, the bitcoin market cap would hit $21 trillion. This is highly possible in a dystopian era where we would be finding a way to reach the Oort Cloud in less than 150-200 years.
The 2017-2018 market rise was driven with fake hype and speculation and hardly any exciting news backing up the speculative investment. Bitcoin is meant to be used as a currency rather than considering them as a safe asset or a trading mechanism and the exact market prices are determined only based on the widespread usage.
Your second scenario of $1 million per bitcoin is highly impossible in less than 75-100 years and the current total market cap of physical currency in this world is around $36 trillion. If bitcoin were to reach $1 million, the bitcoin market cap would hit $21 trillion. This is highly possible in a dystopian era where we would be finding a way to reach the Oort Cloud in less than 150-200 years.
January 23, 2020, 04:06:24 PM
In my humble estimation (based on my own scientific, engineering, economics education) as I am learning more about it, Bitcoin will reach valuation around $10,000 within 0-2 years (at the time of this writing it is already back up to around $8,000 rounding to the nearest thousand) and then will reach valuation $100,000 within 20-40 years and then $1,000,000 (each single Bitcoin) within 40-120 years of this year 2020. Today there are 17,000,000 Bitcoins in existence for around $170B (billion) market capitalization. In 2140 there will be 21,000,000 Bitcoins in existence. I am conservatively guessing the market cap will be around $2T-$20T (trillion). This is my own projection. Do others in the Bitcoin community (this forum) agree that my estimation or forecast is reasonable to expect? Clearly there will be huge or not so huge price/valuation changes or swings over time. There is no arguing that, however, over long term the starting data point of $10,000 around 2020 and $100,000 at around 2040-2060 I think are two reasonably expected data points. I will be 75 years old in 2040, so that will make my retirement years very happy (should I not get hit by a bus before then).
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