What could the dollar price of #bitcoin over the next 10 years look like with a 50% CAGR?
CAGR, or Compound Annual Growth Rate, is usually used to determine the average growth rate of an asset per year.
Let's conservatively set CAGR at 50% per year and a starting price from this year of $55,000 per bitcoin. See the links below as to why 50% is conservative.
Year 1 (2024): $55,000 x 1.5 = $82,500
Year 2 (2025): $82,500 x 1.5 = $123,750
Year 3 (2026): $123,750 x 1.5 = $185,625
Year 4 (2027): $185,625 x 1.5 = $278,438
Year 5 (2028): $278,438 x 1.5 = $417,657
Year 6 (2029): $417,657 x 1.5 = $626,485
Year 7 (2030): $626,485 x 1.5 = $939,727
Year 8 (2031): $939,727 x 1.5 = $1,409,590
Year 9 (2032): $1,409,590 x 1.5 = $2,114,385
Year 10 (2033): $2,114,385 x 1.5 = $3,171,577
https://casebitcoin.com/charts reports a bitcoin CAGR of 155% over the last 5 years.
https://curvo.eu/backtest/en/market-index/bitcoin?currency=usd reports a bitcoin CAGR of 102% over the last 12 years.
https://bitcoinroi.com/cagr/ reports a bitcoin CAGR over 1 to 13 year grouping span (low of 26%, high of 115%, average of 71%)
https://cointelegraph.com/news/bitcoin-s-compound-annual-growth-is-an-unheard-of-200-cagr from 2021 reports a 10 year bitcoin CAGR of 196%
Are we not bullish enough?