BTC Daily Wire
BTC$80,577 +0.84%24h Block973,556 Fee0.1 sat/vB Halving~531 days Open the network page

10,000 Bitcoin Simulations Say BTC's Median Path to $1M Comes in 2033

10,000 Bitcoin Simulations Say BTC's Median Path to $1M Comes in 2033
Photo: BeInCrypto

BTC when published $80,081Now $80,577 ▲ +0.62% since it was published

Bitcoin (BTC) simulations from on-chain analyst Willy Woo show the median path reaching $1.03 million in February 2033. The same path first falls 43% from its 2028 cycle high. Woo stresses the model is not a prediction, but calls $241,000 to $413,000 a reasonable 2028 top. The 29th percentile path he highlights never reaches $1 million. Holders targeting that level wait more than six years in the median case. What Do the Bitcoin Simulations Assume About Diminishing Returns? Woo built a Monte Carlo simulation, a method that runs thousands of random trials to map possible outcomes. The model trained on prices from the 2018 market bottom to the 2022 bottom. Woo dropped older data, when 100x gains came easily.

First reported by BeInCrypto. This page is a short excerpt; the full text is theirs.

Read the full story at BeInCrypto (opens in a new tab)

  1. Markets

    Bitcoin Investors Beware: Analyst Warns of BTC Price Crash After Fed Meeting

    CryptoPotatoBTC $81,372 when published

  2. Markets

    Bitcoin-Related Google Searches Hit a 5-Year Low as Traders Eye a Bottom

    Bitcoin.com NewsBTC $81,372 when published

  3. Markets

    Bitcoin beats the S&P 500 on most trading days but still loses the month

    CryptoSlateBTC $81,372 when published

  4. Markets

    Bitcoin Heads for Another October Loss as Demand Weakens

    CryptoPotato+1 outletBTC $81,436 when published

  5. Markets

    Bitcoin Traders Are Preparing for the Fed in 2 Very Different Ways

    BeInCryptoBTC $81,436 when published