The price of a single bitcoin (BTC), the next two years have decreased sharply due to increase to a total of $100,000 in cash. That is, predicting that the German PhD student, researcher, Harold Burger, in a new analysis, with a power-law model is used.
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Bitcoin (BTC), and $ 100,000 in price
In a rich Medium, the article explains the analyst running the model for the future price of bitcoin have to predict the future. Thus, he draws the conclusion that, between 2021 and at the latest 2028 is achieved at the BTC, a price of at least $100,000 a piece.
After 2028 will drop the price to under $100,000.
The second prediction goes a step further: in the period from 2028 to 2037 raises the price by one million each. After 2037 it drops the price below one million euros. To see a graphical representation of the model is shown below.
The cycles of bull and bearmarkten are not going to disappear. Thus, there are periods of time when bitcoin is acting to lower prices in a given period of time, and the periods at which the peaks can be retrieved.
The price will, in the long run, it will increase, that is, in my opinion. I think my predictions are still too low to be estimated. I believe that bitcoin is more of a potential to the top than to the bottom.
‘Growth rate is slowing down’
One of the things that a Citizen only, that is, the price is growing at a slower pace than in the early days of bitcoin. Thus, it increased the price of BTC from $0.1 to $1 in a matter of months. That is a factor, it is the year 2019 and are no longer applicable.
The following chart shows the price movements of BTC, but since it was to be seen.
Also, the volatility of the cryptomunt, in the eyes of the Citizens, is reduced. In percentage terms, the falls and the increases in the cost of BTC was a lot less to deal with. If that happens, you get more and more stability, also at very reasonable prices.
It coincidentally, and independently, an almost identical analysis with the power-law range for the #bitcoin price predictions has been published two days before my article!
A Very similar method, almost identical results! https://t.co/2oQUcbvwLg
— hcburger (@hcburger1 September 6, 2019
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