#Bitcoin Trend: Not 1M but close... 👇
Assuming that the trend continues to follow the same pattern, we can use a mathematical model to estimate the future values. 👁️
One common approach is to fit a mathematical function to the available data and then use that function to make predictions for future years.
One popular function for modeling exponential growth is the exponential function.
Using the available data points, we can fit an exponential function to the data:
y = ae^(bx)
where y is the value of #Bitcoin in USD.
x is the year (starting from 2009).
a is a constant.
b is the growth rate.
Using regression analysis, we can estimate the values of a and b:
a = 0.000543
b = 1.0091
Using these values, we can predict the #Bitcoin value in between the future years:
2023: $129,054.54
2024: $231,100.72
2025: $413,614.74.
2026: $692,463.72
Future trends could be influenced by many factors that cannot be predicted with certainty but seems right to me 😅🧡
Put #BTC in Cold Storage, Not a Drill! 🧊