Graphs of logarithmic growth curves Bitcoin price at $ 170K in 2028
Bitcoin price predictions are all over the map, and some expect the price to reach zero, while others expect more than a million dollars per BTC.
A cryptocurrency analyst has plotted the asset using a logarithmic growth curve, which could provide precise clues as to when the price of Bitcoin could reach prices of $ 100,000 or more.
Bitcoin price at $ 70K in 2024, $ 170K in 2028
Bitcoin is the first cryptocurrency, and with it came blockchain technology. Both have the power to disrupt the financial space, and with that immense potential, it has been predicted that the price of the asset will reach a series of wild and high predictions, some of which will reach up to $ 1 million per BTC.
But the predictions are often only conjectures or hopes and are not backed by technical analysis or price charts that demonstrate how the asset can reach such incredible heights.
However, a cryptographic analyst who uses a long-term logarithmic growth curve to trace the price of Bitcoin over the course of its history and in the future can clearly show the way in which Bitcoin could achieve such price predictions.
The answer lies within the logarithmic growth curve itself, which has acted as a support for the price of Bitcoin throughout its existence. Even the top parts of Bitcoin seem to follow the same logarithmic growth curve, which allows technical analysts such as the one presented above to trace where an asset can grow in terms of price and when those prices can be reached.
According to a couple of predictions presented by the analyst, all based on monitoring the potential of the Bitcoin logarithmic growth curve, the leading cryptographic asset by market capitalization could reach the price of $ 70,000 per BTC in March 2024, or $ 170,000 by BTC in September 2028.
These expectations coincide with the high prices that most other crypto investors expect to reach the price of Bitcoin, but reach them at a much more reasonable rate. Given the inclination of Bitcoin to become parabolic, many expect the asset to reach such prices within a year or before.
Even the highly cited Bitcoin stock-to-flow model projects that the crypto asset reaches prices of $ 55,000 per BTC in May 2020, when the cryptocurrency reaches its next halving, and the resulting BTC reward that The miners receive is reduced by 50%, immediately eliminating the delicate balance of supply and demand.
Many analysts expect the change in supply to make the crypto asset explode in value, as it has in the past.
But only because the price of Bitcoin can reach such numbers, the notorious volatility of the asset could bring the price to any of the many predictions, and then re-correct it at more reasonable prices, before the cycle begins again.
The blockchain-bitcoin technology has the potential to be disruptive in the traditional financial industry, the great problems of unpayable debt of the main developed countries can generate a collapse of great magnitudes, the crisis will come what is not known for sure is the date closer, time will tell and set the pace. It is expected by new announcements.
Disclaimer: This press release is for informational purposes information does not constitute investment advice or an offer to invest. The views expressed in this article are those of the author and do not necessarily represent the views of infocoin, and should not be attributed to, Infocoin.