Bitcoin Longterm Price Target

[wxa7115]

Also those 21million supply isnt 21million too.  Some of these are forgotten and loss in the blockchain due to such personal mistake and some of it also hasnt been mined all.

Aiming to calculate the price isnt easy.  Not sure though if bitcoin supply is equally distributed,  what price it could reach.  But of course this is impssible since some have really big cut on the pie.

I would venture to guess that an unequal distribution of bitcoin in fact could make its price to go up even higher as this is something similar to what we see with other assets.

However as you say calculating the future price of bitcoin is never easy especially since we do not know how high will be the inflation in the future, if things really get out of hand we could see prices for bitcoin that we never thought possible, but at that point how high is the price will not be anywhere near as important as what and how much you can buy with bitcoin at that point in time.

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[cryptoaddictchie]

but at that point how high is the price will not be anywhere near as important as what and how much you can buy with bitcoin at that point in time.

I dont think bitcoin price will come at a point that its not gonna be usef by massive community.  We all knew that even it goes high beyond imaginations,  it will still need to be balance with the economy.  If possible to become a 1million usd each then the price of commodity and services is too high already if its value would be come close to that.

[Baofeng]

The thing is you're calculating like the whole people used all his money only to buy Bitcoin, this is why your calculation are inaccurate.

I think S2F models are could give you an idea how much Bitcoin will worth in the long term, though it's like impossible. But it was started from nothing to reach $20K which is no one expect it except Satoshi at that times.

Maybe if you only use 10% of the average wealth, it's more make sense.

I'm not sure if S2F could  still be a good  measuring tool, the model has failed already and although it has been adjusted time and time again depending on the market, I wouldn't put too much on it as of now.

Again, as others have pointed out, there could be a lot of parameters that we need to include. So this could just be rough estimate, factors like demand will be very big in the future if governments are going to print more money.

[traderethereum]

In the coming years we can't say with surety but seeing the current trend the btc will be worth much because fiat around the globe is subject to inflation at much faster pace.The USD,EURO and all other currencies are going down each year and the demand for btc is rising and supply decreasing which will surely boost it's price.If it will be still in usage few years later the price will be higher then $200k or something which is just an estimate.

The opportunity for bitcoin is still used a few years later because bitcoin is now growing rapidly from several years before.
The acceptance of several countries as a means of payment provides more opportunities for bitcoin to be used globally.
But indeed, it will depend on the conditions of each country because there are still those who reject bitcoin as a means of payment.
After all, it is not following what the government wants.
But the demand for bitcoin is increasing, especially when the price is still below what it is today because it seems like rich people are moving their money to bitcoin because they see the potential for bitcoin to grow even better in the future.

[AicecreaME]

It's very hard to predict such thing, all of the information of how much Bitcoin would cost this year or after 5-10 years etc. are just mere speculations. My opinion on this matter is that let's just support Bitcoin and continue to use it until it hit its peak (highest price), because no matter how much effort we put in prediction, Bitcoin's price will be its price and we are all going to be benefited because of our patient in waiting for that moment.

[AllGoodNamesAreTaken]

$100k in next bull run!

[ningrum]

but at that point how high is the price will not be anywhere near as important as what and how much you can buy with bitcoin at that point in time.

I dont think bitcoin price will come at a point that its not gonna be usef by massive community.  We all knew that even it goes high beyond imaginations,  it will still need to be balance with the economy.  If possible to become a 1million usd each then the price of commodity and services is too high already if its value would be come close to that.

just think about it, if you target the Bitcoin price to $ 1 million, of course it is very outrageous,
even though many people are still predicting at $100k and it hasn't materialized yet, so don't think too much about the price

[tippytoes]

It's very hard to predict such thing, all of the information of how much Bitcoin would cost this year or after 5-10 years etc. are just mere speculations. My opinion on this matter is that let's just support Bitcoin and continue to use it until it hit its peak (highest price), because no matter how much effort we put in prediction, Bitcoin's price will be its price and we are all going to be benefited because of our patient in waiting for that moment.

The calculations for me is also pointless, there are so many factors that may or may not happen. Even 50% adoption is mere speculation. We have no clue to when bitcoin will survive. The long lifespan is also not a guarantee as technology can easily be replaced by a new one. We are just hoping that bitcoin will live long in this market.

[justdimin]

I dont think bitcoin price will come at a point that its not gonna be usef by massive community.  We all knew that even it goes high beyond imaginations,  it will still need to be balance with the economy.  If possible to become a 1million usd each then the price of commodity and services is too high already if its value would be come close to that.

just think about it, if you target the Bitcoin price to $ 1 million, of course it is very outrageous,
even though many people are still predicting at $100k and it hasn't materialized yet, so don't think too much about the price

I honestly see that as a normal thing, maybe it's just me? I am not saying that it will happen tomorrow or something but I believe that 1 million dollars per bitcoin is not something that is outrageous, it looks like something that could happen very easily. That's my personal opinion and it may not happen that easily and it might create a trouble.

But, the best thing to do right now would be making sure that we are doing fine with the current price and not focus on that million dollars. I buy bitcoin all the time and keep on holding it and I will hold it until I retire, which means that I trust the price and where it will reach, which is over a million dollars and that's expected for me, just not now, it will be way down the line.

[salad daging]

It's very hard to predict such thing, all of the information of how much Bitcoin would cost this year or after 5-10 years etc. are just mere speculations. My opinion on this matter is that let's just support Bitcoin and continue to use it until it hit its peak (highest price), because no matter how much effort we put in prediction, Bitcoin's price will be its price and we are all going to be benefited because of our patient in waiting for that moment.

We will never know how big the bitcoin will be and the cost is unlikely if bitcoin is high then the fee is greater but it is worth the high price but indeed that is speculation we can only guess now and expect something better to happen.
Long term about bitcoin i don't doubt i have made DCA then what in the future after 5-10 years later i can feel the all time highs again and that's an advantage for me who believe bitcoin will be high, well that includes my speculation how the bitcoin trail forward of it.

[tbterryboy]

The thing is you're calculating like the whole people used all his money only to buy Bitcoin, this is why your calculation are inaccurate.

I think S2F models are could give you an idea how much Bitcoin will worth in the long term, though it's like impossible. But it was started from nothing to reach $20K which is no one expect it except Satoshi at that times.

Maybe if you only use 10% of the average wealth, it's more make sense.

He did admit that his calculations are inaccurate but I don't think there is a person that can calculate all these stuffs correctly. We don't know what is running on each person's mind. They may or they may not involve their selves in bitcoin. Satoshi is the founder of btc but I don't think he predicted btc to go this far (its price) because he thought that he only made a currency that people will use daily and not an asset that many people will get attracted to, in which they will buy and hodl their coins till the price booms.

20k isn't the highest price that btc reached but it was almost 70k. If it reached that high starting from scratch then it's also possible that it can go for more like over a hundred k.

[Peanutswar]

With the market of the cryptocurrency especially with the bitcoin, it is unpredictable but if you will check out the current situation of the market there's a chance in the long time run it will make another pump after the halving and by this is a good chance to grab with, check this i guess you will get an idea what are the possible things might happen in the future

Code:

Source: https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/

[XwWnu]

With the market of the cryptocurrency especially with the bitcoin, it is unpredictable but if you will check out the current situation of the market there's a chance in the long time run it will make another pump after the halving and by this is a good chance to grab with, check this i guess you will get an idea what are the possible things might happen in the future

Code:

Source: https://www.blockchaincenter.net/en/bitcoin-rainbow-chart/

looking at this image analysis, it certainly makes us all calm that we are still on the bullish path,
hopefully it's true and there will be no more dumps,
I believe this is a correction and I'm also sure bitcoin will reach $50k again this year

[Rigon]

In the coming years we can't say with surety but seeing the current trend the btc will be worth much because fiat around the globe is subject to inflation at much faster pace.The USD,EURO and all other currencies are going down each year and the demand for btc is rising and supply decreasing which will surely boost it's price.If it will be still in usage few years later the price will be higher then $200k or something which is just an estimate.

We may soon see a better price for Bitcoin, which is why Bitcoin is in the way it is today.However, many believe that Bitcoin will be between 100k and 200k dollars by 2025.But with the way Bitcoin's supply and popularity are increasing, there's no doubt that Bitcoin can reach something even better.But no matter what, surely we will see a good price of Bitcoin very soon.

[Rigon]

Bitcoin is going through a tough time right now but the coming days are going to be really good for Bitcoin. Currently Bitcoin is above 20 thousand dollars but in the future Bitcoin is 100k dollars  Many big experts believe that it will be exceeded more than 60k dollars next bull runs 2024 ....

[Cling18]

Bitcoin is going through a tough time right now but the coming days are going to be really good for Bitcoin. Currently Bitcoin is above 20 thousand dollars but in the future Bitcoin is 100k dollars  Many big experts believe that it will be exceeded more than 60k dollars next bull runs 2024 ....

It could be possible because Bitcoin never fails to surprise us. It could possibly reach more that its the previous price during the last ATH. We all know that Bitcoin always reaches a new milestone every bull run and that isn't questionable because it's the most trusted coin of all time. I also expect that it can reach another ATH price in the future.

[Captain Corporate]

Everyone has their own version of what it will be in the future. But we shouldn't really be forgetting that the most important thing right now and that way we could make sure that everything is going as expected. Do not assume that we are doing it because we like it or anything, its just something that we can clearly see, to us it is as clear as data. This is of course true for people who dislike bitcoin and think it will go down too but history has proven them wrong too many times to listen to them. So the point is not how max it could go, the point is everyone thinks it will go very high. Which in return means we should buy as much as we can, no matter what the max will be since it will be a lot anyway.

[GelatikKembar]

Bitcoin's long term price is of course at $100k, that was said before the Bitcoin dump,
but it looks like $100k is really hard to come by this year and it's finally dumped,
after the 2024 halving, the market is likely to be bullish again, and hopefully $100k can be achieved.

[dimonstration]

This assumption is based on 4 Billion people will hold portion of Bitcoin using your average wealth. The only problem was the regulator. They are already tightening the rules on using Bitcoin in every country and some of them is already planning to charge huge tax. I’m this will be worst in the future when that 21M supply is already mine.  It will need certain part of the global wealth in able to attain that 15M per BTC price. I really like the optimism in the future price but 1M per Bitcoin even in the future is already a generous prediction.

[virasisog]

Bitcoin's long term price is of course at $100k, that was said before the Bitcoin dump,
but it looks like $100k is really hard to come by this year and it's finally dumped,
after the 2024 halving, the market is likely to be bullish again, and hopefully, $100k can be achieved.

As for me, Bitcoin can reach $100k after the next Bitcoin halving. it never fails to surprise us with its high value every bull run. That will be a high price for Bitcoin to reach this year but I guess it wouldn't drop even lower before the end of the year. There are just lots of negative things nowadays that affect its value such as the global economic crisis but I'm sure that it would still strike higher in the future.