I just completed a study looking at the comparison between the global net wealth bands, and the bitcoin wallet size bands. It tooks days of study and hard work.
One of the conclusions is that the fastest growth in number of bitcoin investors over the next 12 months will be in the $100k to $1 million net wealth band. Less than one in one-thousand of this group already hold bitcoin.
I also conclude that over the next year we will see around $5 billion of new money invested in bitcoin. This will have a leveraged effect on the price and market-cap. In other words the market cap won't go from $60 billion to $65 billion, but to a much higher number.
I conclude in that Steemit article that the price in 12 months should be in the range of $7000 to $100'000. It depends on the leverage effect, the velocity of circulation, and the number of free-to-trade bitcoins. As for the last variable, the evidence over the last 12 months is that very few wallets were trading.
Excellent work! For those interested, check it out here:
Net dollar wealth bands compared to bitcoin wealth bands, and projection of cashflow into bitcoin over the next 12 months.
To your comment:
Expecting people to see your content without building a following is like tweeting to no followers. No one will see it. It takes many months and many thousands of comments and posts (I'm up over 8,000 myself over a year) to build a following. If you continue to put out content people value and leave informative comments like this, you will find your follower count grow, but it doesn't happen over night. Good luck!
Thank you, Lukestokes, for the words of encouragement. It's encouraging to have followers. The study was done firstly for my personal benefit to reach a rational conclusion about where the future bitcoin price might go. The evidence is that with much less than 1% penetration rate in all but the highest wealth bands, there is a long way to go. Sharing the study with others is my pleasure. I am glad that you enjoyed it. I also appreciate a comment from someone of your reputation which carries more weight than many of the comments on steemit!