Why the Price of Bitcoin Will Surge to $55,000 After This May 2020 Catalyst Increases Its Scarcity
February 06, 2020 at 17:05 PM EST
Today, we'll show you how to value Bitcoin using a different model - one which allows us to compare its value to other scarce assets like silver ($308 billion market cap) and gold ($8.4 trillion market cap). You see, Bitcoin should be compared these precious metals since they also aren't income producing businesses, yet they hold significant value in this world because they're also limited in supply and unforgeable. To date, this model has correctly explained 95% of the price of Bitcoin within two standard deviations of its projected mean. And it predicts Bitcoin's market cap will surpass $1 trillion (or $55,000 per Bitcoin) by 2021. Read more... Tags: Bitcoin Prices To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Why the Price of Bitcoin Will Surge to $55,000 After This May 2020 Catalyst Increases Its Scarcity appeared first on Money Morning - We Make Investing Profitable .