Everybody thinks the Bitcoin is a bubble; I can understand why. But thinking outside the box and after Bill Gates's quote predicting the price of Bitcoin will reach $500,000, below is an interesting article on how this innovative (investment) currency may develop by using a MonteCarlo simulation. Reducing the actual average annual return from 2354% to a more reasonable average annual return of 15% and an annual volatility of 79%, there is a 2% probability that Bitcoin could return to a $10 value. Nevertheless, what is interesting is that there is a 50% probability that the price will rise above $50,000 dollars by September 2023.
So curious to see what will happen though!
https://www.diaman.eu/single-post/2018/01/20/MONTECARLO-Simulation-on-Bitcoin-price
Interesting read. There was no doubt bitcoin was overpriced above 18K, price has to go back to mean and have a healthy growth. Nothing can keep going exponentially.
The news I hear is about regulation, which is not bad. As a matter of fact regulation is needed to keep scams out, it will help the industry over the long term. I only use regulated exchanges like Coinbase (gdax) and Gemini, and there is nothing wrong with that. Wish there were more regulated exchanges (or real decentralized ones).