Bitcoin in 2050 - $1 million?Going out on a limb. (GOoAL) Speculating the Bitcoin price 3 decades from now to shift focus on goals of investing longer term.
2023- 2030: Bitcoin price could reach highs of up to $350k.
2030-2040: Factoring in the likelihood of Global Recession bigger than was experienced in the 2000s, which would have a catastrophic impact on Bitcoin, and the first Global crisis in its existence should lead to a significant correction. Perhaps the era of the CBDC and stringent regulation to scare crypto investors would crash the price. From a 10 year candle perspective, a red hammer is bullish with lows around 0.618 to 0.786 ($7.2k - $20k), and a 2040 close around $100k.
2040-2050: After a decade long global contraction, Bitcoin bullish price should return with highs of $1 million in sight. Comparisons should be made to SP500 and Nasdaq charts from 2000-2030 as the rhyming may be clearer.
All of this is speculation, not financial advice, takes little consideration of any fundamental narratives, news, political climate, etc. Always do you own research and the price will do whatever it wants to ensure you get shaken out.
