How much could $ 100 USD be worth in BTC when the last Bitcoin is extracted?
Everyone knows that one day Bitcoin mining will finally cease, and the last currency will be extracted. The date for this is expected to be around the year 2140. So how much could a $ 100 investment in Bitcoin be worth now in 120 years?
To estimate the price of Bitcoin in the future, we must take a look at the cryptocurrency growth models. The two best known are the Parabolic Trav super trend parabolic price growth model and the Stock to Flow (S2F) price model of Plan B.
We will also have to keep in mind that if hyperbitcoinization occurs, and Bitcoin is converted into global money used by everyone, and there is no other currency, there are still limits to the growth of Bitcoin prices.
Hal Finney predicted that Bitcoin would be priced at 10 million per coin in 2009. In Finney's estimate, he simply took estimates of the world's wealth of households and divided it into 21 million coins.
It reached $ 10 million per coin. Decrypt reviewed the idea, recalculated with updated numbers and came to a price of $ 18 million per coin. Bitcoin parabolic growth can only continue to increase until there is no more wealth whose value can be converted to Satoshis.
Super parabolic trend
The Parabolic Trav super parabolic trend model correlates closely with the Plan B stock to flow model. While many investors rule out the idea of parabolic growth, Bitcoin has already grown by 2,232,111,011.11% since Marti Malmi sold the first Bitcoins for fiat currency in 2009, to its record high of $ 20K in 2017.
Bitcoin follows an S curve of technological adoption, because although it is a "currency", it is also a new technology, which new users are adopting at adoption rates of the S curve.
Do you see the similarities in Trav's parabolic price model and the S curves of adopting new technologies? Both are parabolic. We can see that BTC follows the steepest curve exhibited by smartphones and the Internet.
Stock To Flow Model
The S2F of Plan B further supports this parabolic growth with the model it provided to show the impact that Bitcoin halving have on the price. The S2F of Bitcoin is 25, currently, but it will be halved to an S2F of 50, much closer to gold.
In the chart above, you can see the increase in the parabolic price superimposed with the reduction of block rewards every 210,000 blocks (approximately 4 years).
The Plan B model predicts a Bitcoin market limit of one billion dollars after the next halving, or a projected price of $ 55,000 per BTC.
Following the model of Plan B, Digitalek.net projects that the price of BTC in 2025 will be $ 1,215,730.5 per currency.
Finney estimation, parabolic growth and S2F model
However, Chainalysis estimates that up to 4 million BTCs have been lost, so let's calculate for 17 million BTC. Using Finney's calculation with 17 million BTC instead of 21 puts us at $ 21,176,470.58.
Assuming that hyperbitcoinization occurs for 2140, $ 100 BTC at the current price of $ 8,800, would be 0.01126 in Satoshis. These same Satoshis could have a projected value of $ 238,373 by the time the last Bitcoin is extracted in 2140.
How much do you think 1 BTC will be worth in 2140? Let us know in the comments!
