Willy Woo, one of the well -known analysts of the crypto money market, Bitcoin $104,003.47‘s long -term value, which draws attention to the predictions. According to Woo’s views, we will see that Bitcoin has gained significant value in the face of global economic growth and depreciation of currencies in the next twenty -year period. Woo is based on the number of US dollars, not the US dollar as a basic criterion in the valuation of Bitcoin, but the number of Bitcoins of the world.
Bitcoin and Gold
Willy Woo predicts that Bitcoin can replace gold in the long run and take over the “solid money” function. According to Woo, if this happens, it is possible to increase the current value of Bitcoin to approximately 188 times. Instead of a dollar -based price as a target, the analyst is based on the figure of the total world GDP that is divided into 21 million Bitcoin.
Woo states that this conclusion can be reached in about 20 years, and emphasizes that the process can significantly depend on the economic growth rates of the world and the depreciation of currencies. The analyst states that especially the probability of depreciation of the US dollar will determine the result of the process.
Willy Woo: “My long-term target for the price of BTC is not dollar, because it continues to lose value. My goal is to reach the world GDP/21 million, +/- 50 %. If the balance is reached in 20 years and the US dollar is still a leading currency, a Bitcoin can be at a level of 20 million dollars.
The effect of global economic growth
In the Analysis of Woo, a scenario is put forward in the next 20 years, where the global nominal GDP can rise to about four times the current level. It is stated that real economic growth is an average of 2 %annually and the loss of value in the dollar is around 5 %annually. Accordingly, it is possible for the world GDP to reach approximately 425 trillion dollars at the end of 20 years with an increase of 7 %annually.
Willy Woo: “Real GDP growth is 2 %, the depreciation of 5 %. Therefore, if we inflate GDP 7 %per year, 20 million dollars for 425 trillion dollars or a Bitcoin will emerge for 20 years later, +/- 50 %.”
This estimation is based on the expectation of global economic growth rates and the assumptions of the sustainability of traditional currencies. Woo says that this process may affect Bitcoin’s economic model and long -term volume.
Short -term estimates
In the short term, Woo says Bitcoin’s price movements are difficult. According to the analyst, it is stated that high levels of speculative transactions are carried out in the market and therefore it can be expected to liquidate these transactions before Bitcoin reached the new historical summits.
Willy Woo: “Currently, it is a bad time to make paper transactions for BTC. The liquidation hunting period is experiencing due to high transaction levels. BTC is waiting to clean these operations before going to new peaks.”
Woo’s views propose investors to re -evaluate short and long -term strategies. In the current conditions of the market, it is thought that it will be important to reduce speculative positions for the beginning of a new rise movement. The predictions of Bitcoin’s long -term potential are shaped depending on the value of the general economy and the currency. It may be useful for investors to closely follow the market conditions and be cautious.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
