Long term Bitcoin price development, 50K-200K in 10 years.
Not a professional, but based on the chart history, the logarithmic growth of Bitcoin seems to slow down. If everything continues according to the red marked channel, then we will hopefully see Bitcoin at around 80K - 100K by the end of 2021.
Since anything can happen and history not necessarily repeats itself, like there will be no bulls for the next four yearly bull cycle, then Bitcoin might drop to 1K for a longer period. But even in this unfortunate case I believe it would recover over time and come back into 50K - 100K area. Even if it would take close to 10 years from now.
So I am bullish in any case, just thinking at least 10 into the future.
And don't forget, the longer Bitcoin price remains on low levels, the more you can accumulate over time. Of course you need to believe in Bitcoins success in the end.
Have a nice time, enjoy your trading or hodling, depending on what is your preference, stay safe and remember in the long term the chances are really high for you to win.
Since anything can happen and history not necessarily repeats itself, like there will be no bulls for the next four yearly bull cycle, then Bitcoin might drop to 1K for a longer period. But even in this unfortunate case I believe it would recover over time and come back into 50K - 100K area. Even if it would take close to 10 years from now.
So I am bullish in any case, just thinking at least 10 into the future.
And don't forget, the longer Bitcoin price remains on low levels, the more you can accumulate over time. Of course you need to believe in Bitcoins success in the end.
Have a nice time, enjoy your trading or hodling, depending on what is your preference, stay safe and remember in the long term the chances are really high for you to win.
Comment:
A world economy crisis, could also be a potential reason for Bitcoin to go down to 1K. Never forget such risks and never invest too much.