The data that emerged as we tried to obtain a logical prediction together with the mathematical studies, indicate that the price of Bitcoin will rise above $ 50,000 in 2018.
Cautious Optimism for a Five-fold Increase
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According to the results published by Xoel Lopez Barata, the data scientist who conducted the research, Bitcoin looks set to reach $55,530 by the end of this year.
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Conversely, the probability of Bitcoin being equal to or lower than its current value is Below 10%.
This highly scientific assessment is among the future predictions of prominent people on the cryptocurrency exchange.. Despite the recent halving of the price of Bitcoin, its significantly higher value compared to previous years is a good example of these predictions.
Finally, Trace Mayer, He said that Bitcoin, which is currently around $10,000, will be highly appreciated, and has the potential to exceed $100,000 according to the findings.
Calculations or Thoughts?
Barata, also known as “random walks” to unlock the potential of Bitcoin using the familiar, Monte Carlo simulation, refined the raw data to generate a probability chart of USD rates.
Results, Bitcoin Created with the foresight that strong>’s future behavior will coincide with its past. The results were observed to exceed the target of $55,000.
“I want to point out that this estimate need not be taken into account and does not give confidence as to what the future distribution will be.” Barata made remarkable comments.
“In this case, there is 80% probability that Bitcoin price is $13,200 and $271,277.” Despite the thoughts of those who are skeptical of Bitcoin such as , there has been little panic among long-term investors so far.
According to quite remarkable data, Bitcoin It indicates that strong> has repeated the behavior of the last four years in the second week of January, with emphasis on Barata‘s methodology.
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