Bitcoin (BTC) Price Prediction for 2025,2028,2030,2035…

By Bullcoins.info Apr 24, 2024

About

Bitcoin is a decentralized digital asset. It is a type of asset that joins the ranks of traditional assets such as cash, gold, and real estate. It was developed by a man named Satoshi Nakamoto , whos name still bears a lot of symbolism in various crypto related subjects. Bitcoin was first announced on January 9th 2009 when its value was recognized around 0.001$. The first transaction involving a BTC-to-fiat transfer was in the amount of 5,500BTC for 5.05$ (US) which was considered to be a small but significant step in the progress of cryptographic digital assets.

Bitcoin Vision

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending.
We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU power. As
long as a majority of CPU power is controlled by nodes that are not cooperating to attack the network, they’ll generate the longest chain and outpace attackers. The network itself requires minimal structure. Messages are broadcast on a best effort basis, and nodes can leave and rejoin the network at will, accepting the longest proof-of-work chain as proof of what happened while they were gone.

POW System (Proof of Work)

To implement a distributed timestamp server on a peer-to-peer basis, we will need to use a proofof-work system similar to Adam Back’s Hashcash [6], rather than newspaper or Usenet posts. The proof-of-work nvolves scanning for a value that when hashed, such as with SHA-256, the hash begins with a number of zero bits. The average work required is exponential in the number of zero bits required and can be verified by executing a single hash. For our timestamp network, we implement the proof-of-work by incrementing a nonce in the block until a value is found that gives the block’s hash the required zero bits. Once the CPU effort has been expended to make it satisfy the proof-of-work, the block cannot be changed without redoing the work. As later blocks are chained after it, the work to change the block
would include redoing all the blocks after it. The proof-of-work also solves the problem of determining representation in majority decision making. If the majority were based on one-IP-address-one-vote, it could be subverted by anyone able to allocate many IPs. Proof-of-work is essentially one-CPU-one-vote. The majority decision is represented by the longest chain, which has the greatest proof-of-work effort invested in it. If a majority of CPU power is controlled by honest nodes, the honest chain will grow the
fastest and outpace any competing chains. To modify a past block, an attacker would have to redo the proof-of-work of the block and all blocks after it and then catch up with and surpass the work of the honest nodes. We will show later that the probability of a slower attacker catching up diminishes exponentially as subsequent blocks are added. To compensate for increasing hardware speed and varying interest in running nodes over time, the proof-of-work difficulty is determined by a moving average targeting an average number of blocks per hour. If they’re generated too fast, the difficulty increases.

Coin Website: bitcoin.org
Total Supply of Tokens: 21,000,000 BTC
Protocol: Bitcoin

Long-term price prediction

Presented below is a price prediction that was made using available market and coin information to predict real case scenarios on the blockchain. Bullcoins.info offers informational price predictions and not financial investment advice.

YearEst. Min. PriceEst. Max. Price
2024$18K$87K
2025$22K$96K
2026$23K$143K
2027$47K$186K
2028$39K$374K
2029$42K$283K
2030$65K$545K
2035$124K$1032K

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