Could One Bitcoin be worth $60,000 in 2020? That's just three years away!
So Harvey, one of my viewers had a great question "How much do you think Bitcoin needs to be worth around the next halving in 2020 in order for bitcoin mining to remain profitable?" in one of the comments so I decided to make a video. But just to be clear I do believe it needs to be about $20,000 per Bitcoin on the low side but it could be as high as $60,000 on the high side, depending on quite a few different factors.
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60000 is just 13 times more than 4500. Bitcoin have historically increased 10 fold in months.
Since 2009 price is doubling roughly in every 7 month. By the end of 2020 the price should be about $148000 by using this growth rate. Calculation details in https://steemit.com/bitcoin/@jomeszaros/bitcoin-price-analysis-and-forecast-using-pure-mathematics-on-logarithmic-scale
When Bitcoin value will soar to that level, everybody will dance in cheers. Waiting for that day.
I wish the was a cryptocurrency for dummies book
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