Hi,
I was interested to know what you think Bitcoin will peak at this year and what you think the price will be at the end of each year up until 2025
Here's what I think could be a fair estimate:
2021 peak: $95,000
EOY 2021: $65,000
EOY 2022: $100,000
EOY 2023: $150,000
EOY 2024: $300,000
EOY 2025: $500,000
I was interested to know what you think Bitcoin will peak at this year and what you think the price will be at the end of each year up until 2025
Here's what I think could be a fair estimate:
2021 peak: $95,000
EOY 2021: $65,000
EOY 2022: $100,000
EOY 2023: $150,000
EOY 2024: $300,000
EOY 2025: $500,000
OK you are a n00b here. No problem
Facts:
Bitcoin has a 4 year cycle
ATH is about 6months after halving
Low point is a year after ATH
This year there will be an ATH.
Stable until probably 90-110k
Unstable upward to 190k or more crazy
After that it will crash down in the oncoming 300 days
It will then go to $45k or so. Typically ATH/6.
So your estimates for 2022-2024 are going to be way off.
The next halving is in May 2024 so the next ATH (around $1M) will be around may 2025
2022-2025 are going to be pain and suffering for new investers...
You can't be sure that every cycle will be the same. What you wrote is just very likely, but if it always did, it wouldn't be free market.
The market is influenced by many external factors. You saw for yourself how the market reacted to Musk's investment .. The same may happen if something bad happens and the market reacts with a panic sale.
But I agree that your predictions are very possible