Bitcoin average DAILY value change:— Jameson Lopp (@lopp) June 5, 2017
2010: +0.82%
2011: +0.76%
2012: +0.26%
2013: +1.11%
2014: -0.25%
2015: +0.09%
2016: +0.22%
2017: +0.66%
If
Lopp's Bitcoin daily gain since 2010 is known as, by 2020, Bitcoin
price should reach ₦90.5 Mln ($250K) This, needless to say, assumes that Bitcoin
price increases at a typical rate of 0.42 percent on an everyday basis.
Bitcoin's
value can not be predicted centered on a linear calculation and graph.
Bitcoin's growth when it comes to user base and market cap is
exponential and due to it, Bitcoin price can't be calculated with one
certain formula.
Non-linear
However, Lopp stated that the miracle of compound interest makes the $250,000 by 2020 calculation nonlinear.
“It's
not linear because of the miracle of compound "interest." 0.42 percent
of tomorrow's value is > 0.42 percent of today's value,” said Lopp.
Media
We reported,
an increasing quantity of mainstream media outlets and analysts have
began to compare Bitcoin and its growth to that of reserve
currencies and major assets such as for example gold.
Lately,
ABC News, a national news service in Australia made by the Australian
Broadcasting Corporation, and The Wall Street Journal have now been
offering extensive coverage on Bitcoin price by comparing the
cryptocurrency to the performance of the US dollar, euro, Japanese yen
and British pound.
Alan Silbert,
senior vice president at Capital One Healthcare and founder of
BitPremier, revealed that the standard Wall Street Journal newspaper
demonstrated the growth chart of gold and Bitcoin on its front page as
interest and demand toward Bitcoin have now been on the rise.
If
scaling issues of Bitcoin become resolved and more investor begin to
buy Bitcoin as both an electronic currency and digital gold, it's
feasible for Bitcoin to develop at the predicted rate of Lopp. Actually,
Xapo CEO Wences Casares shared that Business Insider CEO Henry Blodget recently claimed Bitcoin price may go as much as $1 mln.
Great news if you like money!
ReplyDeleteDid you know, if you bought $1000 of Google in 2004 at its initial public offering, then it would be worth $1,575,000 today?
Or if you had invested $1000 worth of shares in Microsoft in 1985 it would be worth $7,974,720.00 by now?
Now I could go on and on forever, but you get my point.
It’s important to know what to put your money in and at what time.
Because had you put in $1 in the right place just a few years ago, you just might be a multi-millionaire by now…
But hindsight is always 20/20 and the tech boom of the 90s is now well and truly over.
The good news is that this opportunity is here once again, and it’s currently something that is still in its infancy and it’s 100,000 times bigger than the tech boom of the 90s…
Much, much bigger!
Now the cryptocurrency institute have created a one of a kind presentation to show you how you too can take advantage and profit from this boom before it’s too late:
[Click Here To Watch It]
Did you know, cryptocurrency represents the single biggest investment opportunity since the beginning of human civilization.
The reason why it’s 100,000 times bigger than the tech boom is because it’s not just limited to American tech companies.
This time the boom is completely global and governments worldwide have officially begun recognizing and adapting to them too.
Everything that made the tech boom so exciting for investors in the 90’s where old technologies were being replaced with the new…
When entire markets and sectors were completely being revamped from the bottom up…
Well it’s happening once again, and make sure you don’t miss out this time.
[Click Here To Watch The Video That Will Show You How To Turn $1 Into A LOT More]
Gold bless!
Speak soon!
[Ana]