How much more will bitcoin price go? Bitcoin prediction.
Ray Kurzweil predictions since 90's have been 80% accurate which is incredibly high for anyone who makes predictions about anything. When he was asked about why he is so accurate he tolds its because information technologies usually follow a avery predictable doubling and thats how he makes predictions. Some things double every couple of years while other tech doubles every 6 months, but in any case it's predictable after little observation. So lets apply his thinking in bitcoin.
2010, Jan 1 - $0.31 = 1BTC
2013, Jan 1 - $13 = 1BTC
2015, Jan 1 - $300 = 1 BTC
2017, Jan 1 - $1023 = 1BTC
Under this model the price doubles roughly 6 months if smoothing out crazy price swings. Though Bitcoin ia having problems with countriea like China and India, it will break through all the problems. How will Bitcoin be in comming future....
Prediction:
2019, Jan 1 - $30,000 = 1BTC
2020, Jan 1 - $69,250 = 1BTC
2025, Jan 1 - $223,000 = 1BTC.
Thats what I believe the bitcoin value....
Any thoughts from you guys??. Comment below and lets follow each other for opinions..
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