The Path to $476k Bitcoin in 5 to 10 Years – Calculation Included
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The Path to $476k Bitcoin in 5 to 10 Years – Calculation Included

The Path to $476k Bitcoin in 5 to 10 Years – Calculation Included

With all the hype and Bitcoin price projections in the market right now, much of it lacks good data references and/or realistic assumptions; to that end, below is my take on such a calculation. I ran an earlier calculation in 2014 with a 1 to 2% assumption of global money supply and came up with $150k. Since conservative mainstream sources such as JPMorgan are indicating the $150k target, the longer term future seems to need an update.

Bitcoin to $476k in 5 to 10 Years

Inputs:

Assumptions:

  • Conversion to Bitcoin from 5% of the Global Money Supply (roughly equivalent size to the Gold Market)
    • Likely only 10 to 30% move from Gold and the rest from other sources
  • 5 to 10 year adoption timeline
  • Bitcoin supply will be less than 21MM. The actual value will adjust slightly higher based on supply.

Calculation:

  • $200T * 5% = $10T from Global Money Supply (Bitcoin Market)
  • $10T / 21MM Bitcoin Supply = $476k for 1 Bitcoin
  • Rises to $540k per coin if closer to18.5MM Bitcoin Supply

submitted by /u/Ocuit
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