Quote:
Originally Posted by Pink24
The previous best guess prediction was based on a x10 model with some variables.
So, back in feb 2014 the brice of 1 bitcoin was around $567. Throw in a x10 multiplier and you have $5670. Knock of around 1/5th and see what that gets you.
based on this methology and the price of bitcoin (4081)when you asked the original question the price of 1 bitcoin in 2024 will be: $40,810- 1/5 = $32,648
2029 would be interesting. $261k
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Just another point to make on this prediction.
$32,648 doesn't mean that will necessarily be the price in 2024. What it means is I expect it will be far higher than this before the pull back to 32k. same goes for 2029.