Specialists from Satoshi Action Education presented the results of a large-scale study dedicated to the dynamics of supply, demand, and pricing of Bitcoin

The authors of the work are Dr. Murray A. Rudd and Dennis Porter, who built a price formation model based on fundamental economic principles, without relying on historical trends or assumptions about the future popularity of the cryptocurrency.

The model takes into account a fixed emission limit of 21 million coins and five key factors:

changes in market demand;

intertemporal investment preferences;

sensitivity to fund withdrawal;

the volume of initial liquid supply;

daily volumes of withdrawals from the liquid supply.

Using the Monte Carlo method, the researchers conducted a series of simulations, randomly varying the specified parameters. As a result, it was found that there is a 75% probability that by April 2036, the price of Bitcoin will exceed $4.81 million. In a number of scenarios, under certain conditions, by 2036 the value of the coin could reach tens of millions of dollars.$BTC $ERA $LA