RE: RE: BTC Top Cap Model
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RE: BTC Top Cap Model

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6y

We can predict some things with some reasonable certainty. Price predictions are all the rage. Bitcoin should have been at million dollars a couple of years ago. The Bitcoin price is determined by

  • It's supply which is determined by an algorithm, based how well the difficulty adjusts to changes in the amount of hashing power used for mining.
  • The amount buying demand of the market and is unpredictable and is at times irrational

So its all about predicting the demand. Long term I can see this thing go up but I wouldn't be too surprised to see Bitcoin fall to $30k again. Anything could happen.

@leprechaun: We can predict | Ecency