{"id":456534,"date":"2021-02-12T01:00:52","date_gmt":"2021-02-12T01:00:52","guid":{"rendered":"https:\/\/uniquehot.com\/?p=456534"},"modified":"2024-06-11T13:16:38","modified_gmt":"2024-06-11T13:16:38","slug":"forget-2021-heres-how-high-bitcoin-price-can-go-by-2026","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/forget-2021-heres-how-high-bitcoin-price-can-go-by-2026\/","title":{"rendered":"Forget 2021, Here’s How High Bitcoin Price Can Go By 2026"},"content":{"rendered":"
Bitcoin is the talk of financial media, and has even spilled into the mainstream. Celebrities, CEOs<\/a>, and just about anyone with a voice box is talking about crypto and speculating just how high Bitcoin could go this year. And while the bull market has potential to run much higher throughout the year, its the long-term hold that could end up paying off the best.<\/p>\n Here’s how high Bitcoin price can climb by 2026, according to the stock-to-flow model.<\/p>\n Bitcoin is a scarce asset limited to only 21 million BTC<\/a>. The supply itself is slowly trickled into circulation through a process called mining that’s unique to cryptocurrencies.<\/p>\n Miners validate blocks of transactions, and add them to the blockchain, ensuring accuracy and consistency. For their efforts and to cover off on the required energy costs related to providing hashrate to secure the network, miners are rewarded with BTC.<\/p>\n Related Reading | Bitcoin Overtakes Russian Ruble, Inches Closer To Top Ten Global Currencies<\/a><\/strong><\/em><\/p>\n Miners then sell reserves<\/a>, or hold them along with investors during bull trends to later sell at a mark up. Bear markets bleed out the weaker miners, strengthening the network after each major cycle.<\/p>\n Bull markets then later begin, when a hard-coded halving mechanism<\/a> slashes the supply of BTC entering the market by half. With holders keeping BTC off exchanges, and miners receiving less overall to sell and being incentivized to also hold strong to sell higher, there’s virtually no sellers in the market these days.<\/p>\n <\/p>\n With no supply, and demand skyrocketing, the result has been nothing short of amazing, driving Bitcoin to nearly $50,000 already. The rise was predicted, however, by the stock-to-flow model.<\/p>\n The model was created by analyst Plan B<\/a>, and using the model it further can predict the price per BTC based on the diminishing supply of coins.<\/p>\n <\/p>\nThe Path To $1M Per Bitcoin By The Year 2026<\/h2>\n
The red lines represent each halving. Lowered supply results in exponential price increase \u00a0 | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
The stock-to-flow model projects more than $1M per coin come 2026 \u00a0| Source: CryptoWatch<\/a><\/pre>\n