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Topic
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Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Biodom
on 03/09/2023, 01:26:53 UTC
⭐ Merited by JayJuanGee (1)
A historical fact:

On Sep 2, 2013, bitcoin was $144 (if you like either the last or the first day of the mo, then on Aug 31, 2013 it was $141 and on Sep 1, $146).
Therefore, in 10 years (until Sep 1, 2023) bitcoin went up 25983/146=178X or 17797%.

If bitcoin is best described by the exponential function in the next 10 years, we shall "expect" btc to be at around $4264084/btc (~$4.26 mil, give or take) by Sep 1, 2033 with the total mcap of about 97 tril: theoretically, still a number that could happen.

It is entirely possible that we will be transitioning to a non-exponential curve (log-log, S-shaped, etc), but I just wanted to have that number above posted (as a possibility).
From the September 2013 perspective the current price of close to $26K is way beyond what most people were expecting back then (go and check messages on btctalk from that time).

I wonder how many people will be either here or in bitcoin 10 years from now and what the "number" would be?

Thoughts/predictions?