on the crypto
Often, the Bitcoin community finds itself conversing about price movements, market trends, and other similar concerns. But on occasion, the conversation centers on a lighter topic, usually speculative and intended to provide insight into the future of the booming market.
One of the more interesting casual conversations that have emerged in the last few days is how much a single Bitcoin will be worth over the next five years, and forecasts reveal that more than anything else, Bitcoin users are very optimistic about the big bull in the long run.
One Bitcoin equaled a single coffee in 2011, what will be the next milestone?
While there are many possible valuables that Bitcoin could purchase in the future, the speculations become even more puzzling as we begin to consider the possibility that these items may not even exist at the moment.
A look at Bitcoin's listing history each year clearly shows that previous years have seen the value of Bitcoin's price rise well enough to make the asset worth significantly more than the previous year.
In 2026, a single Bitcoin is still likely to be worth more than gold or fiat
Bitcoin's expected closing price for this year is between $ 100.000 and $ 150.000 according to on-chain indicators and other tools such as the Bitcoin S2F model. If Bitcoin were to successfully sustain that price for the remainder of 2022, a price hike is expected to follow suit every year until and after 2026. By this logic, Bitcoin should be worth around $ 300.000 (again according to S2F and SXNUMXF metrics. on-chain).
However, if Bitcoin loses momentum and remains range-bound in the same way the market held from 2017 through the end of 2020, causing it to stay within the $ 100.000 level, in which case a single Bitcoin will still be enough to buy some. of the most expensive raw materials on the market.
On a larger scale, predicting a long-term price value for Bitcoin indicates that there is confidence in the asset's permanence in our monetary system. Bitcoin remains one of the few digital currencies that market data believes is here to stay. However, it is important to keep in mind that government problems and internal competition from altcoins are a constant battle that Bitcoin will have to fight and overcome in order to expand its reach globally.
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