Last month, the price of Bitcoin/#BTCUSD reached an unimaginable milestone of 100,000.
It took him two cycles to do this since he hit the previous benchmark of 10k.
The log sequence to reach these benchmarks started at $0.10. It took a quarter of a cycle (0.25) to get from $0.10 to $10, a x100 jump.
The next increase was x100 from $10 to $1000 and it took half a cycle (0.5) of Bitcoin to do so.
Then we move on to the x10 jumps, from $1,000 to $10,000, which took one perfect turn.
We have already discussed 100k above and the pattern is clear. For each of these logarithmic jumps, Bitcoin takes twice as long, i.e. it doubles the expectation of the previous cycle.
This means that for the million dollar mark ($1 million), it should take 4 cycles to do this (it took 2 cycles from 10k to 100k x 2).
This gives us a rough estimate of the end of 2041!
Source: Trading View
Is this realistic or not? Share your opinion in the comments.