Investing Updates : BTC Projections

AI Summarisation

Predicting Bitcoin’s price movement is always a fascinating challenge! While I don’t have a crystal ball, here are some insights based on various predictions:

1. Bullish Scenario: Some analysts believe that BTC could continue its upward trend. For instance, by the end of 2024, BTC might reach around $73,768.39, presenting a promising opportunity for investors¹.

2. Conservative Estimate: Based on historical data, the minimum price of BTC at the end of 2024 could be around $58,422.53, with an average expected price of approximately $69,492.69².

3. Bold Prediction: MicroStrategy’s Michael Saylor even suggests that BTC could hit a staggering $13 million by 2045, but that’s a long-term projection³.

Remember, crypto markets are volatile, influenced by various factors like adoption, regulations, and macroeconomic trends. Always do your own research and consider diversifying your investments. 🚀📈

My Thoughts

• Diminishing returns will surely hit BTC now that it's been an asset class for more than 15 years.
• Imo, it's still attractive to be in this space when comparing against other asset classes.
• Wonder which next big thing (Nvidia?) has a chance to beat BTC historical returns in the next 10 years.

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