Despite Bitcoin’s recent price drop, long-term price predictions can reassure HODLers. According to an analyst at X, owning 0.1 BTC could be enough to retire in 2038. He based these calculations on specific parameters that focus on the gradual weakening of the USD due to heavy manipulation by central banks.

What will Bitcoin be worth in 2038?

According to Rustin of Simply Bitcoin, Bitcoin is expected to be worth tens of millions of dollars by then, assuming a 50% compound annual growth rate (CAGR) for BTC and a 12% annual depreciation of the USD. With just 0.1 BTC, you would have over a million dollars.

Can Bitcoin Reach $23 Million by 2038?

Currently, Bitcoin is hovering below $58k after a significant price drop in recent days. To reach the $23 million target, the digital currency would need to increase by 396 times, or 39600%. This seems unrealistic and is not even supported by conservative estimates within the crypto community.

However, BTC doesn’t need to reach $23 million by 2038 to make 0.1 BTC suitable for a comfortable retirement. According to Michael Sullivan, a more realistic growth rate for Bitcoin is:

Sullivan uses a compound annual growth rate (CAGR) of 30%, which is much more realistic than 50%. He predicts that Bitcoin will be worth over $3 million by 2038, making 0.1 BTC worth around $300k. This remains a comfortable amount to retire on. Investors can buy real estate for passive income and reap the benefits permanently. The lifestyle would be more modest than Rustin’s predicted $2.3 million, but it is more realistic.

Conservative estimates

This is especially true if your investment was based on $5,800, the current price index of the digital currency. Some analysts consider $3 million per Bitcoin a generous prediction, while a conservative estimate places the index at around $1 million.

The future is uncertain, and it’s not yet clear how effective these price predictions will be 14 years from now. Crypto analysts tend to exaggerate future price predictions to get people interested in cryptocurrencies, but every now and then even their inflated estimates can turn out to be correct.

Source: https://cryptobenelux.com/2024/07/07/01-btc-kan-voldoende-zijn-voor-een-comfortabel-pensioen-tegen-2038/



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