BIG_T on Nostr: What could the dollar price of #bitcoin over the next 10 years look like with a 50% ...
What could the dollar price of #bitcoin over the next 10 years look like with a 50% CAGR?
CAGR, or Compound Annual Growth Rate, is usually used to determine the average growth rate of an asset per year.
Let's conservatively set CAGR at 50% per year and a starting price from this year of $55,000 per bitcoin. See the links below as to why 50% is conservative.
Year 1 (2024): $55,000 x 1.5 = $82,500
Year 2 (2025): $82,500 x 1.5 = $123,750
Year 3 (2026): $123,750 x 1.5 = $185,625
Year 4 (2027): $185,625 x 1.5 = $278,438
Year 5 (2028): $278,438 x 1.5 = $417,657
Year 6 (2029): $417,657 x 1.5 = $626,485
Year 7 (2030): $626,485 x 1.5 = $939,727
Year 8 (2031): $939,727 x 1.5 = $1,409,590
Year 9 (2032): $1,409,590 x 1.5 = $2,114,385
Year 10 (2033): $2,114,385 x 1.5 = $3,171,577
https://casebitcoin.com/charts reports a bitcoin CAGR of 155% over the last 5 years.
https://curvo.eu/backtest/en/market-index/bitcoin?currency=usd reports a bitcoin CAGR of 102% over the last 12 years.
https://bitcoinroi.com/cagr/ reports a bitcoin CAGR over 1 to 13 year grouping span (low of 26%, high of 115%, average of 71%)
https://cointelegraph.com/news/bitcoin-s-compound-annual-growth-is-an-unheard-of-200-cagr from 2021 reports a 10 year bitcoin CAGR of 196%
Are we not bullish enough?
CAGR, or Compound Annual Growth Rate, is usually used to determine the average growth rate of an asset per year.
Let's conservatively set CAGR at 50% per year and a starting price from this year of $55,000 per bitcoin. See the links below as to why 50% is conservative.
Year 1 (2024): $55,000 x 1.5 = $82,500
Year 2 (2025): $82,500 x 1.5 = $123,750
Year 3 (2026): $123,750 x 1.5 = $185,625
Year 4 (2027): $185,625 x 1.5 = $278,438
Year 5 (2028): $278,438 x 1.5 = $417,657
Year 6 (2029): $417,657 x 1.5 = $626,485
Year 7 (2030): $626,485 x 1.5 = $939,727
Year 8 (2031): $939,727 x 1.5 = $1,409,590
Year 9 (2032): $1,409,590 x 1.5 = $2,114,385
Year 10 (2033): $2,114,385 x 1.5 = $3,171,577
https://casebitcoin.com/charts reports a bitcoin CAGR of 155% over the last 5 years.
https://curvo.eu/backtest/en/market-index/bitcoin?currency=usd reports a bitcoin CAGR of 102% over the last 12 years.
https://bitcoinroi.com/cagr/ reports a bitcoin CAGR over 1 to 13 year grouping span (low of 26%, high of 115%, average of 71%)
https://cointelegraph.com/news/bitcoin-s-compound-annual-growth-is-an-unheard-of-200-cagr from 2021 reports a 10 year bitcoin CAGR of 196%
Are we not bullish enough?