Experts Prediction of Bitcoin price in the next 4 years
Hey guys,
Nice to see u all in my blog.
Today i m going to tell u about the bitcoin price in the upcoming time that will make you millionaire/Billionaire.
So guys if u have bitcoins then please don't sell it to anyone, hold it for the next three years. If some have no bitcoin then I hardly recommend to anyone that buy the bitcoins and hold for only 4 years. At last, enjoy money
Here is the prediction of nearabout bitcoin price as below
March 1st 2018 - $13,000 per 1 BTC
March 1st 2019 - $68,059 per 1 BTC
March 1st 2020 - $517,536 per 1 BTC
March 1st 2021 - $3,935,454 Per 1 BTC
How I arrived at the above numbers........
July 17th 2010 bitcoin price was $0.05 (the price when it started TRADING) and on Dec 6th 2010 bitcoin price was $375.00
Time interval between both dates is 1604 days or 53 months
The computed doubling time for Bitcoin worked out to be 4.1 months between the two dates
ie every 4.1 months over the 53 months time period , the price doubled
I then took the 27th Feb 2017 price of ($1177) as a start date & price and using MS Excel's POWER Function in a spreadsheet projected it forward for the next 4 years again assuming it ( the price ) will be doubling every 4.1 months ( which is historically what it did between July 17th 2010 and December 6th 2010)
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This assumes that nothing comes along and disrupts the typical Bitcoin growth. There are a few crytpos that have the potential to really challenge Bitcoin's weaknesses.