Projecting Bitcoin to $6,400,000 million (10.496 trillion VOL)
Working on creating an accurate model to project Bitcoins future movement, this would not include a market-cap its irrelevant, almost like me giving you a map to the treasure with an X without the path? what would be the point.
To make this simply take the daily FX volume averages from reports saying this can hit $6 trillion per day of transactional volume
Bitcoin as of the last weeks does somewhere around $41 billion of volume in USD per day yes that is 146.34 x smaller than just the FX currency market, not including bonds, equities, other assets.
Take the network price of 1 Bitcoin giving us $11,679 at around just under half the 41 billion you start to see the volume of money on the network is what drives the Bitcoin price.
Next we take the model and expand you start to see even at 5.2 trillion of volume we would hit a Bitcoin pricing the network at 3.2 million, and this would be assuming that the same circulating supply is the same for the next 10 years. The supply will likely reduce and be held offline reducing the daily traded BTC volume on average in the last years adding a multiplier to the Bitcoin valuation, something impossible to try to predict a nation state could turn around today and purchase 500,000 and keep them offline at a moments notice.
Instead of looking at the value of 1 Bitcoin $25,000 is expensive because you're looking at $25,000 nobody who owns gold jewellery knows the price of a 1kg gold bar or cares about the value.
A Bitcoin price of 6.4 million seems too expensive ? when in reality if Bitcoin captures international trade in multiple assets its not even the start of where it could go.
458,495.00 USD is the price of a single Berkshire Hathaway share, yet a share of Nike is 121.10 USD many people can own a share of Nike not many can own a share of Berkshire.
Reference 1 share of Berkshire in 1984 was $1,280 - $1,280 in 1984 is worth $3,685.64 today.
