Bitcoin Liquid IndexUpdated Bitcoin's Parabolic Rise
This is the price of Bitcoin over it’s entire history, relative to US Dollars. It has followed this parabolic curve it’s entire existence, and never fallen below it. One Bitcoin was worth a fraction of a penny when the software was first developed, to now over US $8000. It is, undoubtedly the best financial investment of all time for early adopters. If it continues to follow the parabolic curve, it will be worth US $1,000,000 around the year 2030. However, that’s a big if - no one knows precisely why it follows the parabolic curve, and if it will continue along it. There are only theories. One of them, the Stock to Flow model is very plausible. It doesn’t explain the parabola per se, but gives evidence of what drives the price.
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This is related to a discussion on Reddit, I will post a link to it shortly.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.