Future

Cryptocurrency

2024

Bitcoin

Time

In a recent statement, famous cryptocurrency analyst Willy Woo shared his prediction for the highest price level that Bitcoin can reach in the future.
<h2 id="willy-woo-made-an-absurd-bitcoin-price-prediction-like-a-science-fiction-movie">Willy Woo Made an Absurd Bitcoin Price Prediction Like a Science Fiction Movie</h2>
According to Woo, the cap price for Bitcoin could be as high as $45 billion per coin by 2335, measured in 2024 US dollars. This forecast assumes current growth rates of economies and a Kardashev 1 economy.
Woo's calculation is based on a few key assumptions:
<ul>
 <li>The money is equal to about a 1:1 ratio of world GDP.</li>
 <li>The money is equal to about a 1:1 ratio of world GDP.</li>
 <li>Since the economy is essentially a machine that consumes energy to create goods and services, GDP grows with energy consumption.</li>
 <li>People currently use 17.7 TW of power.</li>
 <li>In the hypothetical Kardashev 1 economy, we would use 974,000 TW, which is all the energy falling on the earth.</li>
 <li>This means using 9830 times more energy than today. Multiplying today's world GDP by 9830 will give the upper limit.</li>
 <li>This means a world GDP of $950,000 trillion and a demand of $45 billion per BTC if Bitcoin became the global currency.</li>
 <li>Since world GDP and global energy use increase by approximately 3% per year, we will have used all the Earth's energy in 311 years.</li>
</ul>
Related News: <a href="https://en.bitcoinsistemi.com/when-is-the-all-time-high-for-bitcoin-will-the-big-record-break-this-week-analyst-explained/" target="_blank" rel="noopener noreferrer nofollow">When is the All Time High for Bitcoin? Will the Big Record Break This Week? Analyst Explained</a>
Woo also speculated on the price of Bitcoin for the Kardashev 2 economy, which involves using all the energy available from the Sun. However, the analyst noted that there may be light speed issues with the 10-minute block time, given that we would be a multi-planet civilization in this case.
A Kardashev 1 economy, also known as a Type I civilization on the Kardashev scale, refers to a civilization that can use all the energy available on its planet. This includes the ability to control natural events such as earthquakes and volcanic eruptions.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/what-is-the-highest-price-level-that-bitcoin-price-could-reach-throughout-its-entire-future-history-science-fiction-flavoured-price-prediction-from-analyst/" rel="noopener noreferrer nofollow">What is the Highest Price Level That Bitcoin Price Could Reach Throughout Its Entire Future History? Science Fiction Flavoured Price Prediction from Analyst</a>

What is the Highest Price Level That Bitcoin Price Could Reach Throughout Its Entire Future History? Science Fiction Flavoured Price Predict...

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