After the strong Christmas holiday, which mostly pushed the world’s most valuable cryptocurrency above the psychologically significant $50,000 mark, Bitcoin once again suffered significant losses, which, as usual, were reflected across the entire crypto market. After losing about 7 percent in the past two days, a bitcoin is currently worth less than $48,000, which is about 30 percent below the record set on November 10, 2021.
A very well-known Crypto analyst, who already has 1.7 million followers on Twitter with his interesting prediction model, still sees a very bright future for Bitcoin (hardware wallet from 59 euros at Amazon). Simply put, the said “stock-to-flow” analysis model revolves around the certainty that there will never be more than 21 million bitcoins, which should inevitably lead to rising prices. Despite the sharp price losses in December, the current is Deviation from Bitcoin still within the previously defined frameworktherefore, the analysis model is still intact and applicable from the creator’s point of view.
It was originally predicted that one bitcoin could be worth $100,000 by the end of the year. While not happening now, this particular prediction still sees the price of Bitcoin rising to about $1 million sometime in 2025. As mathematically sound as this prediction may be, it should still be viewed with a corresponding degree of skepticism due to the notorious unpredictability of the crypto market. The creator himself admitted that a so-called “black swan event”, such as further crypto bans or a war with China, could mean that his predictions ultimately do not come true.
This article is published for informational purposes only and does not constitute investment advice.
The technology virus caught me at a young age, when I took my first steps in the PC field in the Pentium II era. Since then, modding, overclocking and the meticulous care of my hardware have just been part of it for me. During my studies I also developed a special interest in mobile technologies, which can make the stressful everyday student life a lot easier. Having found my love for creating web content while working in marketing, I now set out to explore the most exciting topics from the fascinating world of technology as an editor at Notebookcheck. Outside the office I have a particular passion for motorsports and mountain biking.