I'm always suspicious of noobs showing up in here saying "hey bro" and making a several quote post. But that's just me.
Yep.
Just you.
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.
Sometimes I get worried that my bottom chart might be too ambitious, and so after I saw your post, I had to go look at my bottom chart, and I feel a lot better about it now.. especially, since I am ONLY expecting my bottom to be $492,562-ish by November 2033..
Therefore, your numbers make me feel a lot more "reasonable" in regards to my own forward bottom projection.
Entry-level Fuck you status chart - attempt to prognosticate.
BTC_Price Bottom Start $ StartDate Gain/Time(days) FU Status Goal $46.41 6/1/14 182.6 (6 mos) $2,000,000
........
**Latest substantive revision April 17, and modifications on August 6 were largely viewability modifications - with fillippone's help and consultations, and adding in the RL price for June 1, 2023.(Date) | (RL_Price) | (BTC Bottom) | (%gain/time) | (% Rate ∆) | ($ Amount ∆) | (#Coins/FU Status) |
11/29/2033 | | $492,561.90 | 9.4% | 97.00% | $46,315.48 | 4.06040337 |