Topic: Where do we see the price of bitcoin after 3 decades - page 2. (Read 345 times)

Well, I do not know in the next 3 decades the price of bitcoin is at what level. But it looks like before the next 3 decades, even in one decade,
bitcoin will get an enormous wave, maybe before one decade. There is even a group of crypto research predicts that the price of Bitcoin
could approach $400,000 in the next 10 years, and altcoins will follow its bullish. We can’t imagine in the next 30 years,
because maybe I’d be surprised at the price. If the predictions of a group of research are correct, then indeed the current price is very cheap.

A lot can happen in 3 decades, so I don't think reasonable predictions can be made. And frankly, the price of Bitcoin is not what I'd be interested to find out about the future. I'm more interested in whether I'd be able to purchase groceries, pay the utility bills and transport pass with cryptos in my city by that time. I wonder if I'd be able to get my salary in BTC, with the taxes being the same as for fiat and deducted from the salary without additional issues. I wonder what the transaction fees would cost, and whether viable solutions to the scalability issues would come around.

In next three decades may be the world is going to end if still the world exist 1million at least this speculation is according to the market situation because there are many key factors for the pump.

The next generation would definitely prefer for digital payment rather than going to banks and check out for the formalities and so on, BTC will definitely dominate in the next few decades and rule the globe.

Personally, I think there is enough reason to believe that Bitcoin's price is going to climb up to $100,000 or even beyond in the coming years. It is basic arithmetic for me.

There are almost 8 billion people in the world right now. There are only 21 million Bitcoins at the maximum to be reached around the year 2140; the number in circulation is lower. Around 1% of the world's population owns Bitcoin. And the price is already at around $17,000. I think we can logically deduce from this that Bitcoin is indeed undervalued.

However, that's only the mathematics' side of things. There are many factors involved in Bitcoin's continuous growth or death.

A lot of Twitter and Reddit people have been banking on PlanB's Bitcoin stock to flow model. While I'm still skeptical of the accuracy of the model, surprisingly the model has been doing really well.

Check it out here: https://digitalik.net/btc/
Article: https://medium.com/@100trillionUSD/modeling-bitcoins-value-with-scarcity-91fa0fc03e25

You're right, the price of bitcoin can increase to $1M in the next 30 years but the truth is, I know we all hope the best for the currency, but let's sometimes expect the worse because who knows, it could drop to 10k in a short moment.

  I personally hope Hal Finney was right back in 2009 with his musings with Satoshi, but he didn't provide a time table
https://www.metzdowd.com/pipermail/cryptography/2009-January/015004.html

Yes, this will be a large time period to make an assumption about the market of bitcoin. The market is volatile, even the price for tomorrow can't be predicted accurately. Atleast we can make wild guess/prediction based on the price bitcoin had reached till date. With thirty years difference it isn't possible to make the prediction. As said, it'll be popular on the market and our kids will be enjoying anywhere access of bitcoin due to the increased acceptance.

In the literal of your Topic.

Title:
Where do we see the price of bitcoin after 3 decades (?)
Seriously I tell you, I hope that we finally  by having an official body that offers a starting point and from which prices are derived at + or at least from that official reference.

OP:highest value thong
mmhh!
I do not know if more holders of bitcoin implies that the price is higher or lower, in fact if bitcoin in a utopian "scenario" out of legal tender in many countries today it is possible that its price is highest value thong than the current one (maybe no, anyway economic predictions always fall into this loop).

There is a bad belief that the adoption of bitcoin is that it reaches many hands and consequently its price increases, sometimes I wonder if it is better not to make a lot of noise and that when the world finds out,  so... well!! let's not exaggerate maybe that 10-20 % that you mention its price is one million.

So all these unbelievers who didn't support bitcoin when they should, then get the good news that bitcoin has a new price.

Regarding the closing of your OP, just say that we must buy bitcoin and keep the idea of ​​bitcoin alive, the rest is up to you, do not leave all the weight of financial freedom to bitcoin, the idea in practice of the use of bitcoin It should work like this the bitcoin price for 1 BTC=1 million or 1BTC= $1.

The question is still the same with those people who are asking what's the future of bitcoin. And we'll always have the same answer that nobody knows the future of it but as of now, it's here to stay and price will increase due to the demand that it gets. The adoption rate is increasing and it's not just a simple adoption but institutions are joining too.

Many still look to this price as an expensive price. But if it gets a little bit higher and higher, they'll still say the same.

3 decade is a long time and making such assumption of price in 30years from now will not be really accurate. This is a fluctuating
market. Many fluctuating agents may cause different changes but I believe that bitcoin will be very popular during such decade.

10-20% adoption rate is a very optimistic and positive scenario. While I'm more than sure privacy and decentralization is something people will look after in the future, I'm not sure 1-2 out of 10 people will be looking for it. People seem to choose convenience over self-custody more than ever before. It's the age of technology where you literally ask a random server owned by a stranger to tell you what your To-Do list is for today.

We can barely predict an approximate price for the first day of 2021, let alone 30 years from now. If the governments only keep powering up their fetish for control and power, Bitcoin may have to go through some hard times before succeeding as a legal peer-to-peer currency to use. From what it looks, the govs only keep geting more and more annoyed by the idea of letting their citizens be under control of their own assets.

As we all know the market pool of crypto currency is on growing stage and only around 0.5% of the world population is involved in it so once the market size gets matured enough in the hands of more than 10-20% of total world population, the price of BTC can be more than $1M in next 30years.

Refer the adoption chart predicted by cryptoaims
 Source- Cryptoaims
https://www.instagram.com/p/CIIWioFHT0R/?igshid=1h43h34vfok2j

Still its time to buy at $17600 and make rest of your life as financially independent