If is far easier to accurately estimate the price of Bitcoin in the near term, such as tomorrow, next week, or even next month. It is quite another thing altogether to predict where the Bitcoin price will be in 10 years, 15 years, or two decades from now. There are simply so many potential factors involved over a such a lengthy period of time that it is almost a fool’s game to even pretend to be able to provide an accurate range of where the Bitcoin price will be a decade from now.
Here are some factors to consider:
Will the U.S. Dollar still be the world’s reserve currency 10 years from now?
Will quantitative easing continue with excessive currency creation?
Will Bitcoin be outlawed?
Will Bitcoin be adopted by a sovereign nation as its official currency?
Will Bitcoin be subverted by a 51% attack?
Will the banks successfully introduce a blockchain-based crypto currency that overtakes Bitcoin?
Will Bitcoin become fully convertible to gold?
We don’t have the answers to those questions, and without concrete answers its essentially impossible to narrow down a long term Bitcoin price target that has any meaning.
What point is there to claim that Bitcoin will be worth somewhere between zero and $100 trillion?
Nevertheless, we DO believe that Bitcoin is here to stay, and that long term its value will be many, many multiples of what it is today.
How many specific multiples is too difficult to call.