Some 'hotheads' keep talking about $5-10 mil bitcoin in 10 years (2033).
I did some calculations:
1. Bitcoin will be $1.58 mil in 2033 if it goes up 50%/year (on average).
2. Bitcoin will be $27.14 mil in 2033 if it goes up 100%/year on average.
If counting from late 2011 (btc at $2), bitcoin went up roughly 2.25X a year (125%).
If counting from Sept 22, 2013 (btc at $133), bitcoin went up roughly 1.7X a year (70%)
Therefore, if bitcoin does a repeat of the last 10 years exactly, it would be $5.34 mil in late September 2033.
I like the numbers. It is hard to believe that it is possible, but it is.
All it takes is for btc to exactly mirror the last 10 years in appreciation.
"Nothing" special.
If not in our universe, then in some that is almost identical to ours, imho.
or it does not
current market cap = 550 million to 600 million
5.34 mill x 2 = 10.68 million
5.34 mill x 20 = 106.80 million
5.34 mill x 200 = 1.068 billion
5.34 mill x 2000 = 10.68 billion
5.34 mill x 20000 = 106.8 billion
5.34 mill x 200000 = 1.068 trillion
5.34 mill x 2000000 = 10.68 trillion
5.34 mill x 20,000,000 = 106.80 trillion market cap in 10 years.
not sure seems too good to be true.