Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Past does not indicate the future, but let's take a look:
AMZN, AAP and GOOGL ten years ago were in the middle of their multi-decade run (and were already dominant multi hundred billion [in market cap] companies).
In Oct 2014:
AMZN was about $16.2, now 180.8 (11.16X)-28% yearly appreciation
AAPL was about $24.5, now 222 (9.04X)-24.55% yearly appreciation
GOOGL was $28.9, now 163 (5.64X)-19% yearly appreciation
Average: 23.85% appreciation in 2014-2024 period.
Bitcoin had 44% yearly appreciation from 1160 in 2013 till now.
M.Saylor was saying that it had 40% appreciation recently, but will decrease somewhat going forward.
It is entirely possible that in the next 10 years bitcoin would slow down to somewhere between 35 and 25% based on the current status and comparing with most dominant companies.
If the number would be 35%, then in Oct 2034, btc would be 1266K and if 25%, 587K (with 926-927K average).
I am not taking into account the halving "schedule"...it very well may be that the peak in the next 10 years would be in 2033, instead,
These numbers make sense to me...
i hope 1M in 3034, but 10 years 10X is ok AMZN, AAP and GOOGL ten years ago were in the middle of their multi-decade run (and were already dominant multi hundred billion [in market cap] companies).
In Oct 2014:
AMZN was about $16.2, now 180.8 (11.16X)-28% yearly appreciation
AAPL was about $24.5, now 222 (9.04X)-24.55% yearly appreciation
GOOGL was $28.9, now 163 (5.64X)-19% yearly appreciation
Average: 23.85% appreciation in 2014-2024 period.
Bitcoin had 44% yearly appreciation from 1160 in 2013 till now.
M.Saylor was saying that it had 40% appreciation recently, but will decrease somewhat going forward.
It is entirely possible that in the next 10 years bitcoin would slow down to somewhere between 35 and 25% based on the current status and comparing with most dominant companies.
If the number would be 35%, then in Oct 2034, btc would be 1266K and if 25%, 587K (with 926-927K average).
I am not taking into account the halving "schedule"...it very well may be that the peak in the next 10 years would be in 2033, instead,
These numbers make sense to me...