This is based on the logarithmic progression of BTC price since 2011. The growth rate MUST eventually taper off until it becomes "boring" and flat. Tim Draper predicted $250k by 2022, and I agree with that estimate. He also said that it will "asymptote" at around $1million, but didn't say when that would be. I've predicted a longer, flatter growth curve from the end of the next bubble top and subsequent bear market, eventually tapering off to a flat "boring" price around £1million at somewhere around 2027. Obviously the further out this prediction goes, the weaker it becomes. But anyway, that's my 2 cents (satoshis).
You can see Tim Draper talking about these long term prediction in this YouTube video: youtube.com/watch?v=_B-8r8fhHHY
You can see Tim Draper talking about these long term prediction in this YouTube video: youtube.com/watch?v=_B-8r8fhHHY
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.