According to a report by The Daily Hodl, James Mullarney, the host of the very popular YouTube channel “InvestAnswers” said:
“I’m sticking with a much more conservative price of $80,000 for the next cycle. That would be sometime in the year 2024... I do believe we could hit about $61,000, $62,000 by April 2024 – and that is right at the halving of April/May 2024...
“If Metcalfe’s Law holds, which it does for all other industries, the conservative model has Bitcoin reaching… 3.4 million [wallets] by the year 2030… But that assumes the increase in usage follows the trend that we’ve had since the beginning of time over the past 11, 12 years. Now that also assumes over one billion users, active users, on the actual chain… Now cutting that in half, from one billion users down to 500 million, this would get us to $1.5 million Bitcoin price… Adoption is the key and the adoption needs to go up 500x from today for that price [of $1.5 million] to be achieved.“
All Comments