Bitcoin Monte Carlo Projection (OVER $50,000)
Displayed are only 90 random walks that represent a distribution table for Bitcoin projecting values up to $50,000.
Given that the value of bitcoin is dependant on adoption, some random walks result in values below zero dollars and represent a realistic likelihood of Bitcoin becoming a worthless asset.
Despite this possibility, most values are above the current trading price and will eventuate to a median that sits above $50,000.
Monte Carlo methods retrieve variables from data that represent characteristics of Bitcoin that would otherwise be impossible to visualise.
Most quantitative techniques project a bullish outlook for Bitcoin.
The plotted projection factors time as a key element and determines a value larger than $50,000 by May 2019.
Given that the value of bitcoin is dependant on adoption, some random walks result in values below zero dollars and represent a realistic likelihood of Bitcoin becoming a worthless asset.
Despite this possibility, most values are above the current trading price and will eventuate to a median that sits above $50,000.
Monte Carlo methods retrieve variables from data that represent characteristics of Bitcoin that would otherwise be impossible to visualise.
Most quantitative techniques project a bullish outlook for Bitcoin.
The plotted projection factors time as a key element and determines a value larger than $50,000 by May 2019.
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You can see this model again below with 375 random walks:
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