Bitcoin's Future: What Will It Be Worth in 2038?
Bitcoin, the digital currency that has caused a stir in the financial world, has seen a recent drop in price, but its long-term forecasts offer hope for investors.
Given the expected depreciation of the dollar, a mere 0.1 BTC might be enough to retire in 2038, a senior analyst noted.
Rustin of Simply Bitcoin boldly predicts that BTC will grow by 50% per year, while the dollar will depreciate by 12% per year.
Based on this calculation, BTC could be worth tens of millions of dollars by 2038, and 0.1 BTC could even be worth more than a million dollars.
However, there are different opinions on whether Bitcoin can reach $23 million by 2038.
At a current price of less than $58,000, Bitcoin would need to grow by 39,600% to achieve this goal by 2038, which seems a long shot.
However, Michael Sullivan believes that a 30% growth rate is more realistic, and he predicts that BTC may reach $3 million.
In this way, 0.1 BTC can also be worth $300,000, enough to guarantee a moderate retirement life.
From a conservative estimate, if the initial investment is $5,800, each BTC is worth $3 million, although it is generous, it is not completely unfeasible.
Of course, the future is full of uncertainty, and although analysts' predictions are sometimes overestimated, they can occasionally hit the mark accurately.
Where will Bitcoin go in the future? Let's wait and see.
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