For some of you it might sound far fetched but it´s actually really likely that Bitcoin will reach $50.000 USD at the end of 2018. It actually just got mathematically proven through a Monte Carlo Simulation, which runs multiple thousands of scenarios in order to predict the most likely one to happen.
On the Picture below you can see just about 200 random runs, which are almost all pretty much above current price levels, predicting a bullish future for cryptocurrencies overall as BTC is still calling the shots in regards to pricing.
Based on those several thousand scenarios a new chart can be created, which shows the most likely price to be hit at the end of this year. To make it short the most likely scenario is for Bitcoin to reach a value of above $50.000 USD or about 5x of it´s price today. That being said, I´m bullish, what about you?
(Source - Medium.com / Author: Xoel López Barata)
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