Obviously yes… As much as there are possibilities for an increase in demand. It all depends on what decisions are taken regarding Bitcoin development and ease of use..
could there be a 30,000, 50,000 or million dollar Bitcoin? And when you go to model Bitcoin clearly it’s important to realize that you cannot model Bitcoin accurately. You will come up with no models that will predict the exact price of Bitcoin. That’s just plain impossible. But models are really great for building understanding and indeed we’ve built a model that we’re going to show you in a few minutes that really does help understanding how all these different variables might affect the price of Bitcoin.
Even if you consider the blockchain as the fundamental innovation of Bitcoin, the Bitcoin price matters, and indeed, the higher the Bitcoin price, the more Bitcoin is protected from nefarious actors.
here we have a Financial Times article suggesting that, well, there are a lot of models already out there but most of them are private. So, a lot of investors use models. They build their own models to try and determine if it’s a [good time to invest, buy Bitcoin](/en/how-buy-bitcoins-online-best-bitcoin-exchange-rate-bitcoin-price/) or even sell. So, let’s run through our quick list of sort of the major concerns one might have if you’re going to model the price of Bitcoin. And again, it’s important to realize that today we’re focusing on price. There are so many wonderful amazing things about Bitcoin distributed public ledgers, frictionless, low-cost, decentralized payment systems. But price it turns out is actually a very magical piece of data. And for some, it’s the most compelling reason to be involved in Bitcoin. In fact, Bitcoin, as an asset, has outperformed any other asset on Earth over the last five years and perhaps even in history.
The strong reason may be Mining decrease the every halving period. Due to demand and supply increase only. To say fact. Reduction of demand is not healthier for the bitcoin’s price value. I think next halving may move the value to 3000$ plus.
Okay. So, price with Bitcoin is a very magical thing indeed. And when you go to model price, there’s a problem because arguably everything in the world goes into the price of any individual item. So, if there’s a war overseas or here at home that will affect the price of all goods, commodities, services, labor, etcetera, and should affect the price of nearly everything in the world. So wars, pensions, regulations, politics — all can come into play with the price of Bitcoin.
So, you start to see how many variables a real model might have to take an account. Clearly, we’re not going to put in all these variables. We’re going to put in the big salient ones and one of the biggest ones is transaction volume. And transaction volume is the amount of Bitcoins that are being moved around the system. And fortunately, especially with Bitcoin because it’s so transparent you can actually track transaction volumes
So $30,000, $40,000, $50,000 really seems like a possibility. It’s not happening this year. There’s no way that Bitcoin with its current volatility is going to take over Gold’s position as a store of value or even 10% of it this year. But as we look into the future and these ideas of volatility might come to settle, well, this is something that could happen.