When we try to get a logical prediction with the mathematical work done, the data shows that Bitcoin's price will go up to $ 50,000 in 2018.
Cautious optimism for fivefold increase According to results published by research scientist Xoel Lopez Barata, Bitcoin is expected to reach $ 55,530 by the end of this year.
In contrast, Bitcoin's probability of being equal to or lower than its present value is less than 10%.
This highly scientific assessment is among the predictions of well-known people in the crypto money market. This is a good example of the fact that Bitcoin's price has recently fallen to the mid-range, but it is a significant high value compared to the years we passed.
Finally, Trace Mayer said that Bitcoin, which is now around $ 10,000, will be highly valued and even has the potential to exceed $ 100,000 according to findings.
Is it Accounts or Thought Based?
Using a Monte Carlo simulation, also known as "random walks", Barata refined crude data to generate a USD rate chart sorted by probability to reveal the potential of Bitcoin.
The results were set in anticipation that Bitcoin's future behavior would coincide with the past. In the end, the target was over $ 55,000.
I would like to point out that this estimate does not have to be taken into account and does not give confidence in how the future distribution will be, "Barata said in remarkable comments.
"In this case, 80% of the price of Bitcoin will be between $ 13,200 and $ 271,277," he said.
Despite the "balloon" claims made in the media this past week and the suspicion of those who approached Bitcoin like Robert Shiller, there has been little panic in long-term investors so far.
It is quite remarkable that Bitcoin's attitudes in the second week of January for the last four years have been repeated with emphasis on Barata's methodology.