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The arguments for the sustainable development of crypto-currencies, especially bitcoins, do not always come from their ecosystem. Peter Brand, an experienced trader, with a 45-year career, today published on Twitter a photo illustrating several periods of strong expansion of the bitcoin market, in which it refers to "parabolic advances of bitcoin", and launches a conservative estimate of the price future of bitcoin, in the middle of the current uptrend: USD 100,000.
"People are asking me why I'm negotiating with Bitcoin $ BTC, do not do it anymore! During my 45 years in the business, there has never been another market like Bitcoin.. Brand pointed out in his tweet, to which a thousand people have already participated.
People ask me why I exchange Bitcoin $ BTC
Ask no more!
In a 45-year trading career, there has never been another market than Bitcoin. pic.twitter.com/K3paF2yIEi
– Peter Brandt (@PeterLBrandt) June 19, 2019
In the BTC Advance Table, Brandt shows BTC's appreciation in five periods, from July 2010 to January 2011, during which price multiplied by 483 (Appreciation of 48,300%)).
During this first period, the initial low point of the bitcoin price was only 5 cents. The second period of Brandt's expansion spans from October 2011 to November 2013, the first time the pioneer's cryptocurrency exceeded 1,000 USD. Here, growth is greater: 57,100%, or a multiplication factor of 571.
Starting at $ 164 in January 2015, up to the historical high of the December 2017 BTC price, the appreciation was 11,900%, which is remarkable, but less than the previous two periods.
The fourth period considered by Brandt starts at the relative low of mid-December 2018, or USD 3,148. Here, the end of this period of prosperity is not defined in Brandt's box. If we take a period of six months to date, starting from this starting point of the annual minimum in 2018, the bitcoin market would show an advance of nearly 300%, since its valuation has tripled. Brandt offers a factor of multiplication 10 times higher, of 32, which is rather modest compared to the increases quoted by Brandt for the previous periods. With this hypothesis, Brandt's prediction of the future price of bitcoin is the notorious figure of US $ 100,000..
To show the historical evolution of bitcoin, Brandt proposes a period of just over 6 years to its historical maximum, from October 2011 to December 2017, during which BTC went from 2 USD to 19,531 USD, that is to say its price multiplied by a factor of 9,765, an increase of nearly one million percent.
Compared to the top-performing stocks, as shown in the table, Amazon would have the highest performance in 21 years, a period in which it grew 1,564 times, followed by Apple and Netflix. The Dow Jones index, in just over a century, has been multiplied by 873, while the price of gold has multiplied by 93 in 100 years.
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