The ideal price of bitcoin is $557,714.00

[YUriy1991]

Let's say that these calculations of yours are more fun/informative than serious thinking, because no matter how you look at things, 8 billion people in that calculation does not make sense, because everyone will never use BTC, even if everyone miraculously has access to the internet, how many are under the age of 10 or under 18?

Of course it's are more for fun/informative than serious thinking. Gold has existed since prehistoric times, gold already has the belief of every human being on earth that gold is a precious metal, while bitcoin is still very young, not even 20 years since it was first launched. So it's not balanced if bitcoin fights the dominance of the gold community.

But gold is always mined every day and the amount will always increase. While bitcoin is decreasing in number from day to day. Nonsense that bitcoins total 21 million. Bitcoin is not up to 21 million, many people have lost their wallet keys

So, for now maybe just for fun, but for the next 50 or 100 years? Who knows

I personally see Bitcoin, it is very, very young and on its way and needs time to gain attention and trust in terms of widespread acceptance on the same scale. By the way, it looks like you also have to recalculate and adjust to conditions annually from 2024 onwards if you want to make an estimate if you compare it to the price of gold and publish the correctness of the calculation so that the audience is constantly updated.

[OgNasty]

Sounds good to me… I’ve considered $200K as the target price for Bitcoin for quite some time now and I’d have a hard time buying above that price. I do think my best case scenario has the price of BTC around $800K though, so it’s interesting that this number falls right in the middle. It’s nice to think about, especially if it were to happen this cycle.

[Stedsm]

I don't understand why people still compare BTC with gold. I do remember that BTC is called the Gold of crypto, but that doesn't mean that it's gold for real. For BTC to reach the marketcap that gold holds, it'll need insane buying and for that, lots and lots of money is needed and even these interferences from SEC trying to kill some big cryptocurrencies under the name of securities needs to be weeded out. It'll take too much time for such a target to be touched.

[Kadal Ijo]

I think the main key to making the price of bitcoin more expensive is the use of direct transactions, if more and more people use bitcoin for online or offline payments then the price will continue to skyrocket, and I believe that in 10 years the price will reach at least $ 500k.

[ShowOff]

I think the main key to making the price of bitcoin more expensive is the use of direct transactions, if more and more people use bitcoin for online or offline payments then the price will continue to skyrocket, and I believe that in 10 years the price will reach at least $ 500k.

The adoption of bitcoins as a means of payment may increase demand, but that is not the only reason why the price has had to rise so high. Bitcoin needs a lot of support from investors for the demand to really increase and for the result the price gradually increases. I'm not sure what the ideal price is for bitcoin and if it's necessary, but as the amount of reward miners get in a block gets lower then the bitcoin price should go higher and higher.

Miners do need high costs to continue their mining business, but when the bitcoin price is not higher than now after the halving then of course the miners will not be able to cover the mining fee.

[Pejoh Asu]

I think as long as the bitcoin community continues to survive and grow it will be more expensive, many analysts say that if bitcoin can last another 10 years then the price will reach $ 1 million, this is of course reasonable because bitcoin is increasingly popular and the volume of daily transactions continues to increase so that its value will to more expensive.

[justdimin]

I personally see Bitcoin, it is very, very young and on its way and needs time to gain attention and trust in terms of widespread acceptance on the same scale. By the way, it looks like you also have to recalculate and adjust to conditions annually from 2024 onwards if you want to make an estimate if you compare it to the price of gold and publish the correctness of the calculation so that the audience is constantly updated.

Obviously it's not going to be that weird to see bitcoin not reach gold for a long time because gold has been around for many centuries, the first time it's used is like thousands of years ago, so it is understandable for it to be not that much close to it yet. But it will also not take centuries to reach it neither, we are going to see it do a good job in a decade or two when it reaches and that means we should be holding it.

There aren't all that many things that can outperform gold, there are a few, but not a lot and this is the least risky one. I believe that we are going to go x20 as well, and until that happens gold may go up some more so we may need to go about x25 to x30 as well. That's why it makes sense and I support it.

[posi]

The adoption of bitcoins as a means of payment may increase demand, but that is not the only reason why the price has had to rise so high.

The value of an asset depends largely on supply and demand, but if the world accepts bitcoin as a means of payment, how can its price go up? Because people's need at that time was to use bitcoin as a means of payment, not as an asset. Why don't we use gold as a means of payment?
I personally believe that only when bitcoin is used as an investment asset can the value continue to increase. If we use it as a currency like the satoshi that created it, it will never increase in value, even if its supply is limited.

[19Nov16]

In my opinion the price of bitcoin is worthy of being valued at $ 500k or even more, an easy and fast transaction system in Bitcoin makes everything easy so it is natural that it worth $ 500k or more, but the condition of the price of Bitcoin is certainly very dependent on the number of communities, as long as the community continues to grow and is active then the price will continue to rise.

[jaberwock]

It seems we are getting crazy price predictions again with Bitcoin. Every day on network television we got some crazy prediction. Today some hedge fund predicted it would hit like $125000 sometime in 2024 and yet the price went down a little.

Usually when we get these bullish narratives we end up going back in bearish territory. Remember during the 2021 peak? People were guaranteed to expect $100K Bitcoin and some expected $1M and look how that turned out.

No this wasn't new. It's just that the prediction is increasing by the time people see the price of BTC is also rising even just a little. They also do it when they think there are positive news or a major events that are coming which seem to have a positive impact in the price of the coins just like the halving. Predictions are only good at there (prediction).

There are no guarantees that they will come true, that is why we are still seeing a price decline or a price increase if the prediction is about the decline of the price. In 2021, the cryptos are in bullish mode so it's normal for them to decline after some time because people are also selling heavily. Don't worry, I know soon $100k will be achieved by BTC but for $1M? Not sure if it's really possible.

[DeathAngel]

I can definitely deal with seeing 1BTC @ $557,000 
It probably won’t happen in the upcoming bull market but this decade, it’s a definite possibility with the flow of institutional money following likely spot ETF approvals. It will happen, it’s just a question of when, hopefully sooner rather than later.

[imamusma]

I can definitely deal with seeing 1BTC @ $557,000 
It probably won’t happen in the upcoming bull market but this decade, it’s a definite possibility with the flow of institutional money following likely spot ETF approvals. It will happen, it’s just a question of when, hopefully sooner rather than later.

No matter when the bitcoin price hits $500k, it seems too big to be true. If in the next bullish period bitcoin is able to record ATH around $200k, then I believe $500k will be reached before 2030. I am very curious about the record high for the bitcoin price after the 2024 halving, that is because we can provide a guideline for analyzing and speculating for the next price.

If a spot ETF is approved, then surely big things for the bitcoin price can be expected sooner than we think. It was a big step for the price growth and certainly there will be a lot of hope for the high price realization.

[nurilham]

The number of people on earth = 8,000,000,000 [2022] ~ source
The number of bitcoins divided by the number of people on earth
21.000.000 : 8,000,000,000 = 0.002625 btc

You should count the real number of Bitcoin that is available in the market.
21.000.000 is the total supply but there are many of them missing due to various factors.
So, you need to count the circulating supply (19,430,262). https://www.coingecko.com/en/coins/bitcoin

It should be 19,430,262 : 8,000,000,000 = ..................

So the amount of bitcoin is only 1/11.5 of the amount of gold. Bitcoins are rarer. Even though we believe bitcoin is gold in the future, So, bitcoin can have a price of 11.5 x $557,714/btc  

It is purely the price based on your math calculation. But in fact, the Bitcoin price cannot be determined based on that calculation. The price will always depend on the demand on the market, it is difficult to predict at all. Even we call it as the future digital gold, it is almost impossible to know how big the price in the next few years. No one can determine the demand on the market exactly!

[carlfebz2]

It seems we are getting crazy price predictions again with Bitcoin. Every day on network television we got some crazy prediction. Today some hedge fund predicted it would hit like $125000 sometime in 2024 and yet the price went down a little.

Usually when we get these bullish narratives we end up going back in bearish territory. Remember during the 2021 peak? People were guaranteed to expect $100K Bitcoin and some expected $1M and look how that turned out.

No this wasn't new. It's just that the prediction is increasing by the time people see the price of BTC is also rising even just a little. They also do it when they think there are positive news or a major events that are coming which seem to have a positive impact in the price of the coins just like the halving. Predictions are only good at there (prediction).

There are no guarantees that they will come true, that is why we are still seeing a price decline or a price increase if the prediction is about the decline of the price. In 2021, the cryptos are in bullish mode so it's normal for them to decline after some time because people are also selling heavily. Don't worry, I know soon $100k will be achieved by BTC but for $1M? Not sure if it's really possible.

Bitcoin could really be that be attached on being a digital gold which this had been a long time talking about being something like this on which making up some comparison on the actual gold that we do know.

If there would really be some sort of calculations that we do see online or on this forum or whatever community we do have then its normal.People would really be liking on making these speculative numbers which i dont see for it to be wrong, the important thing on here as a newbie on which you shouldnt really make yourself get dragged on how optimistic they would be on which it is really just that making you that
way too positive on your current dealing with Bitcoin but bare in mind that risks would be always there and those speculations around or in the air arent really that assured for it to happen.

Therefore, always be having that selective approach when it comes to things so that you wont really be expecting that much when it comes to this matter.

[PytagoraZ]

Sounds good to me… I’ve considered $200K as the target price for Bitcoin for quite some time now and I’d have a hard time buying above that price. I do think my best case scenario has the price of BTC around $800K though, so it’s interesting that this number falls right in the middle. It’s nice to think about, especially if it were to happen this cycle.

I think the prices right now are pretty crazy. How could $30k be the price to buy something you can't see or touch? But I was curious and tried to calculate it with the golden ratio. I am quite surprised that bitcoin still has such a low price. But you are crazy enough with $800k predictions.

It will happen, it’s just a question of when, hopefully sooner rather than later.

I hope that price will come around 30 years from now. so when i'm old and my kids are in college maybe i can finance them with my bitcoin savings..

The number of people on earth = 8,000,000,000 [2022] ~ source
The number of bitcoins divided by the number of people on earth
21.000.000 : 8,000,000,000 = 0.002625 btc

You should count the real number of Bitcoin that is available in the market.
21.000.000 is the total supply but there are many of them missing due to various factors.
So, you need to count the circulating supply (19,430,262). https://www.coingecko.com/en/coins/bitcoin

It should be 19,430,262 : 8,000,000,000 = ..................

Oh no. I'm pretty tired of my calculations. You're telling me to count again? outrageous. Come on, count for me... 

[siniminomorocomunisakito]

Sounds good to me… I’ve considered $200K as the target price for Bitcoin for quite some time now and I’d have a hard time buying above that price. I do think my best case scenario has the price of BTC around $800K though, so it’s interesting that this number falls right in the middle. It’s nice to think about, especially if it were to happen this cycle.

Yes, what you're saying makes sense. If the price of BTC goes to 800k first before the bullrun season starts. and what OP said The ideal bitcoin price is $ 557,714.00 maybe this takes the right process and time and maybe a little longer to get to that point.

[GigaBit]

I think as long as the bitcoin community continues to survive and grow it will be more expensive, many analysts say that if bitcoin can last another 10 years then the price will reach $ 1 million, this is of course reasonable because bitcoin is increasingly popular and the volume of daily transactions continues to increase so that its value will to more expensive.

The cryptocurrency world will see a big change of bitcoin in the next 10 years as the demand for Bitcoin grows. I think the expected bullish movement in Bitcoin is only a matter of time for those who watched the last bull market. Moreover, from various analysts, investors, many have made predictions to see Bitcoin in the future. Some say Bitcoin is 100K, some say 200K, but many have pronounced 1Million. Bitcoin price exceeded expectations according to the Bitcoin prediction we have seen in the past. Now Bitcoin has gained more popularity, so we can assume that Bitcoin will be more bullish in future.

[Alpha Marine]

There is no "ideal" price for Bitcoin. 
The ideal price of anything is determined by the laws of economics. 
Bitcoin price did not just decide to be 30k dollars today because that is where it wants to be or loves to be.  It's at $30k because that is what the market has valued it to be.
Certain factors determine the price of a commodity or asset and those factors can be categorized into the demand and supply laws. 
If a large number of people begin to sell their Bitcoin today,  the price will dip, it's simple economics. 

Btw,  when you say ideal price,  do you mean the price it should be now or the maximum price it will be future? 
If you mean now,  then that's not true because the market doesn't value it up to that and if you say future,  we just have to wait and see if the market and factors affecting it agree with you,  or it could even be higher. 
Price of something as decentralized as Bitcoin is determined by market forces.

[palle11]

I can definitely deal with seeing 1BTC @ $557,000 
It probably won’t happen in the upcoming bull market but this decade, it’s a definite possibility with the flow of institutional money following likely spot ETF approvals. It will happen, it’s just a question of when, hopefully sooner rather than later.

When will take sometime before it happens, this decade? Well that will depend on the ATH after 2024 halving. The possibility is there but I'm not going to be banking on that anytime soon. Although acquiring some coins is the right way to go in expectation of the bull. It is a right thought, bitcoin dominance of course is undoubtedly overwhelming in the crypto market and institutional interest is increasing steadily.

[JoyMarsha]

Did you make all these calculations between the prices of gold and bitcoin in order to determine that $557,714 per bitcoin is the ideal price for bitcoin? I'm not good at arithmetic, thus I won't be interested in the solution you provided because all of your computations between the prices of gold and bitcoin won't determine the ideal price of bitcoin. Because bitcoin and gold are two distinct entities, changes in supply or demand for one does not impact the price of the other. That is what you overlook.

Since that, the Bitcoin price has to cross $100k before it gets to $557,714k. So $557,714k is not the ideal price of bitcoin for now