Bitcoin Longterm Price Target

[teosanru]

Since the beginning of bitcoin it is basically in a very volatile uptrend. It is not likely that it stays like this forever (50+ years). What are your thoughts on what could be a price target for bitcoin longterm?

I made this calculation for an adoption of 50 % of the current world population:

21.000.000 Bitcoins : 4 Billion People= 0.00525 Bitcoin per person on average. The average value of the wealth per person globally is: 79.952 USD.

If you now would calculate the bitcoin price so that 0.00525 Bitcoins are worth 79.952 USD then you would end up with a bitcoin price of : 15.228.952 USD per Bitcoin.

This calculation is of course very inaccurate and makes a lot of assumptions. Still it can show where in some specific scenario the bitcoin price can end up, since for now I feel the price has just random targets and is dictated by exchanges and whales.

If you have different approaches feel free to share!

Not really an accurate way to calculate the price. This price is achievable when everyone and each one of us come on the bitcoin network which in the first place is highly unlikely and unachievable, secondly, average value of wealth is a growing matric it grows each year and even comes down sometimes, moreover, it's an estimate created by keeping global Purchasing power parity at par, which means the average value of wealth in the US is more than 80$ for sure, but a person having $80 in Thailand might be way better off than someone having even $500 in the US. When everyone will come in one currency this estimate will change altogether. So technically this is way off from the correct value.

[1714935302]

1714935302

[1714935302]

1714935302

[1714935302]

1714935302

[1714935302]

1714935302

[bitcampaign]

there are also a lot of lost bitcoins that can't be accessed by users, so not all supply is 21 million and not to mention we don't know if satoshi can also access his bitcoins, so many people think it will be worth 1 million dollars but it looks like it will take a long time to get that, so long-term investment is the best way when the current price of bitcoin is down we can buy it, at this time the price is very cheap from the amount of supply available

[|MINER|]

This calculation of yours has really created a curiosity about the price of Bitcoin in the mind. It is true that one day the price of Bitcoin will skyrocket if the impact of Bitcoin continues. And it will also comes in to the volatilities. However, with the increasing use of Bitcoin, I think these volatilities also will be beyond imagination. However, I believe that no one can guarantee the long-term duration of Bitcoin or what the long-term price will ultimately be.

[Asiska02]

This calculation, which was based on an assumption, may have a much larger impact on the results in the preceding 50+ years. Even if it usually has a fall every now and then, the volatility of bitcoin has always been on the uptrending side and is likely to stay that way in the years to come. As everyone is aware, market trends, governmental regulations, and media hype significantly influence the price of bitcoin today in relation to other fiat currencies. Based on the rapid growth of bitcoin over the years since its inception, these assumptions are quite likely to be accurate. It has always been expected that it will surpass the previous all-time high price. While we can continue to estimate the price in the upcoming years, we cannot tell what the price will be during each halving.

[pawanjain]

Bitcoin surely has a long way to go but whatsoever speculations we make about it's price will just be a mere speculation.
Nobody can tell what the price could be in a long term. One thing we can definitely say is that bitcoin will survive and exist in the long run.
Given a duration of 28 years from now, which means by 2050 the price could cross $10 million according to me.
If not $10 million then it would definitely cross $1 million by then. 28 years is a long time though.

[AnonBitCoiner]

Very hard to Guess price of BTC for long-term. Btc all time high is 69k which was happen in 10 Nov 2021 and now it's trading at price 21k. Most of people are now choosing online earning and from whole earning method like Marketing,stock exchange,YouTube , crypto trading I think Crypto trading is very easy and safe. We will see 30% of world to adopt BTC . For long term I guess that BTC will reach 300k . It's not looking easy but it's will happen.

[Issa56]

I don't think anybody can predict the future price of bitcoin, but am sure bitcoin will definitely suprise lot's of people, most expecially the people that don't really believe in bitcoin currently, I notice bitcoin adoption in increasing on a daily basis and with time most of the countries banning bitcoin currently won't have choice than to adopt bitcoin later in the future, so I believe bitcoin price will pump very well in the future but I don't think anybody can predict the price.

[iv4n]

Very hard to Guess price of BTC for long-term. Btc all time high is 69k which was happen in 10 Nov 2021 and now it's trading at price 21k. Most of people are now choosing online earning and from whole earning method like Marketing,stock exchange,YouTube , crypto trading I think Crypto trading is very easy and safe. We will see 30% of world to adopt BTC . For long term I guess that BTC will reach 300k . It's not looking easy but it's will happen.

It's hard to predict the price of many coins for long-term, not just BTC! But I think we can be sure in some coins, and the more time we give them the higher they will grow! Long-term is not next year or the year after, it's 5-10 years minimum! And just look what Bitcoin did in the first 10 years, does anyone think that this crypto growth will stop!?

I was here when people didn't believe in $1k! Ethereum was considered a scam by many people when it was under a dollar... and where are they now? I guess we have many similar examples in crypto, and only logical conclusion is that the crypto space will continue to grow!

[VeritasInNumeris]

I disagree. Valuing bitcoin isn't as hard as people make it out to be. Just because Wallstreet shills claim there is no way to value btc doesn't make it true. Remember, their very existence is threatened by bitcoin.

Here is a start:
Add the market cap of gold to some of bitcoin's utilities.
Current gold market cap is approximately 10 trillion.
Bitcoin can and will disintermediate credit card companies. Estimated market cap of all credit card issuers: 2 trillion.
Bitcoin can also disintermediate all other payment rails such as Apple pay and Venmo and many banking fees related to currency exchange and moving money around the globe. Easily another 3+ trillion.
The conservative value of bitcoin at the current purchasing power of the dollar is easily 20 trillion.
20 trillion / 20 million btc = 1 Million per bitcoin. This will be the floor by 2030.
You can bookmark this post.
Have a nice day!
 

[KingsDen]

Re: Bitcoin Longterm Price Target

You made an interesting calculations in Op, even though there are some assumptions, it  could be a guide to further predictions.
Concerning the question you raised about Bitcoin price in the long term. The word long-term is somewhat generic. In my own definition, I can say that from 1 to 2yrs is not a long-term. Maybe from 5yrs to 10yrs can be the long term in my thought. And if my thought be the thought of others, 10yrs is big to predict what could happen in bitcoin. Technology is moving phasing in and phasing out, by 10yrs who knows bitcoin could be hard forked again and who knows it might not. Perhaps the price could hit $200,000

[GeorgeJohn]

I don't think anybody can predict the future price of bitcoin, but am sure bitcoin will definitely suprise lot's of people, most expecially the people that don't really believe in bitcoin currently, I notice bitcoin adoption in increasing on a daily basis and with time most of the countries banning bitcoin currently won't have choice than to adopt bitcoin later in the future, so I believe bitcoin price will pump very well in the future but I don't think anybody can predict the price.

what people is doing for the price of Bitcoin is totally assumptions and exaggeration via prediction.the future of Bitcoin can not be predicted perfectly because it's not been controlled by personal individual. I believe that a prediction is a personal concernment. Because bitcoin increase when the market is filled with positive reaction by the demands.

[ShowOff]

what people is doing for the price of Bitcoin is totally assumptions and exaggeration via prediction.the future of Bitcoin can not be predicted perfectly because it's not been controlled by personal individual. I believe that a prediction is a personal concernment. Because bitcoin increase when the market is filled with positive reaction by the demands.

Regardless of the facts and the truth, I think predictions and speculations are important to always be able to keep traders optimistic about the future of bitcoin, especially about the price. I know supply and demand affect the market, but prediction and analysis is the first step to finding loopholes to enter this risky market.

Any analysis done is not necessarily to justify the accuracy of their predictions, but it is something that can motivate oneself to believe in a good possibility which is not necessarily the case. So it is always good to invest in the amount that we can afford to lose, this is a way to minimize risk and avoid psychological and financial problems.

[GeorgeJohn]

<...> .

Regardless of the facts and the truth, I think predictions and speculations are important to always be able to keep traders optimistic about the future of bitcoin, especially about the price. I know supply and demand affect the market, but prediction and analysis is the first step to finding loopholes to enter this risky market.

from my statement, i did not condemn the fact that speculation concerning cryptocurrency is not normal. But i only emphasized on when making a reference of cryptocurrency knowing that people might seek or stick on your opinion as the perfect option, we who is speculation or circulating the information of cryptocurrency should try and portray a positive one that's tangible, because is not all the speculation is accurate.

[Kemarit]

Re: Bitcoin Longterm Price Target

You made an interesting calculations in Op, even though there are some assumptions, it  could be a guide to further predictions.
Concerning the question you raised about Bitcoin price in the long term. The word long-term is somewhat generic. In my own definition, I can say that from 1 to 2yrs is not a long-term. Maybe from 5yrs to 10yrs can be the long term in my thought. And if my thought be the thought of others, 10yrs is big to predict what could happen in bitcoin. Technology is moving phasing in and phasing out, by 10yrs who knows bitcoin could be hard forked again and who knows it might not. Perhaps the price could hit $200,000

Ok, let's point it this way, maybe he is referring to the next bull run? somewhat along 2024-2025 because that's we're the baseline of speculations is, for the price to hit 6 digits or at least $100,000. This is predicted in 2021 and it didn't happen, so we make our own assumptions just like the OP and see the price as somewhat intersecting on that direction as well. I guess the bull run will always be the same, prices go up, massive spike and every time we hit a new all time high and this could happen again and 6 digit should be now the starting point.

[Marvell1]

Bitcoin surely has a long way to go but whatsoever speculations we make about it's price will just be a mere speculation.
Nobody can tell what the price could be in a long term. One thing we can definitely say is that bitcoin will survive and exist in the long run.
Given a duration of 28 years from now, which means by 2050 the price could cross $10 million according to me.
If not $10 million then it would definitely cross $1 million by then. 28 years is a long time though.

1bitcoin to reach 10 million dollars is impossible, then the crypto market cap will be huge, bigger than gold, stock market or any other market. But with the target of 1bitcoin = 1 million USD will be more feasible, then the capitalization of bitcoin will be 19 trillion USD with 19 million bitcoins circulating in the market.

Actually, we can only predict for fun, this is really unimaginable and predictable, it's too far from reality. Bitcoin price is priced based on a lot of objective factors and we cannot even imagine what kind of asset bitcoin will become in 2050 so it is unpredictable.

[Issa56]

what people is doing for the price of Bitcoin is totally assumptions and exaggeration via prediction.the future of Bitcoin can not be predicted perfectly because it's not been controlled by personal individual. I believe that a prediction is a personal concernment. Because bitcoin increase when the market is filled with positive reaction by the demands.

The only thing I use to assure everybody is that bitcoin price will pump in the future, Bitcoin price will suprise most of us but I don't make prediction about bitcoin price, nobody knows what will happen in future and am sure nobody knows the price that bitcoin will get to, some of those people making bitcon don't really know much about bitcoin and they keep on making predictions, so I think most of the people making prediction should just stop, they should stop misleading people.

[Silberman]

what people is doing for the price of Bitcoin is totally assumptions and exaggeration via prediction.the future of Bitcoin can not be predicted perfectly because it's not been controlled by personal individual. I believe that a prediction is a personal concernment. Because bitcoin increase when the market is filled with positive reaction by the demands.

The only thing I use to assure everybody is that bitcoin price will pump in the future, Bitcoin price will suprise most of us but I don't make prediction about bitcoin price, nobody knows what will happen in future and am sure nobody knows the price that bitcoin will get to, some of those people making bitcon don't really know much about bitcoin and they keep on making predictions, so I think most of the people making prediction should just stop, they should stop misleading people.

What happens is that the economy changes too fast to make any kind of meaningful long term predictions, for example we could predict that bitcoin will reach a certain price at the end of this year but that prediction will become invalid the moment and important event happened, like the collapse of a big bank which sent the world through a global recession, or that start of a new war or even a new pandemic, so while it is interesting to read the predictions about the price of bitcoin it is also important to understand the limitations of those predictions.

[Sanitough]

I'll say that sky is the limit if it's about the truest potential and price of bitcoin in the future. Take all of those halvings for example and when we say long term, it'll depend on how long you're looking at it.

With halving, as the reward for the mined blocks will become lesser for the miners. That will result to the lesser supply and higher difficulty for it to mine a block and as well as higher price.

Well, I don't have a price in my mind but I'm very much optimistic and waiting for it to come. Many might laugh at us for now if we tell them about 6 to 7 digits but who knows, right?

I can’t set a fixed future price of bitcoin but the fact that its value grows every year, then I will always hope for the best price of bitcoin, a price that is way lot higher from all those all time highs being achieved. As long as there are potentials of bitcoin that keeps meeting the demand of the crypto community, then we can expect for the best and highest price of bitcoin to be achieved.

[Finestream]

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.

Predictions will only remain speculations until they are proven correct and are already happening. So for me, it’s useless to keep on predicting the future price of bitcoin because no matter how high we predict, the price will still be greatly influenced with the worldly economic status. Instead, we should focus more on buying and storing bitcoin in our portfolio while the price is still cheap so that when bitcoin price surges and reach its new all time high, everyone will be benefited and reap huge amount of profits.

[kawetsriyanto]

I can’t set a fixed future price of bitcoin but the fact that its value grows every year,

Knowing a fixed price in the future is something impossible, mate. 
Yep, based on the price history, it is always growing from one BTC halving to another BTC halving. But it is untrue that BTC price is always rising each year. We have bearish and bullish periods, the price changes will be so different in each period. During the bearish period, the price of BTC should be decreasing, not growing as you said above.

As long as there are potentials of bitcoin that keeps meeting the demand of the crypto community, then we can expect for the best and highest price of bitcoin to be achieved.

What potential do you refer to? If you mean the potential of BTC adoption, I can agree with this. But if it is about the demand, there are many factors to be analyzed. For a big demand, it should be in the bullish season, don't expect it during this bearish period. However, the demand will be always there as long as many people believe in BTC future.