Bitcoin (BTC) Set to Skyrocket by 1,500% Predicts On-Chain Expert Willy Woo: A Detailed Timeline

  • On-chain analyst Willy Woo predicts a 1,500% increase in Bitcoin’s value, potentially reaching $1 million by 2035.
  • Woo’s prediction is based on the increasing adoption of Bitcoin and a historic correlation between Bitcoin’s value and the number of Bitcoin users.
  • Bitcoin is currently trading at $61,581, up 4% in the last 24 hours.

Bitcoin could reach $1 million by 2035, according to on-chain analyst Willy Woo. The prediction is based on the increasing adoption of the cryptocurrency and its historic correlation with user growth.

Willy Woo’s Bitcoin Prediction

Willy Woo, a well-known on-chain analyst, shared his prediction with his 1.1 million followers on social media. According to Woo, Bitcoin’s value could increase by over 1,500% within the next 14 years. This prediction is based on the increasing adoption of Bitcoin and a historic correlation between the cryptocurrency’s value and the number of its users.

Historic Correlation Between Bitcoin’s Value and User Growth

Woo’s prediction is based on a growth curve model that he developed. According to this model, there is a historic correlation between Bitcoin’s value and the number of its users. He expects this correlation to continue, driving Bitcoin’s value to $1 million by 2035. Woo compares Bitcoin’s current adoption rate to that of the Internet in January 1999, stating that Bitcoin is still early in its adoption phase.

Current Bitcoin Market Status

At the time of writing, Bitcoin is trading at $61,581, marking a 4% increase in the last 24 hours. Despite the current market fluctuations, Woo’s prediction suggests a promising future for the cryptocurrency.

Conclusion

While predictions about Bitcoin’s future value vary, Woo’s analysis offers an optimistic outlook. Based on the increasing adoption of Bitcoin and its historic correlation with user growth, Bitcoin could potentially reach $1 million by 2035. However, as with any investment, potential investors should conduct thorough research and consider the inherent risks.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

USD Under Spotlight: Powell Press Conference and Trump’s UK Fox News Interview Could Roil Forex — BlockBeats

According to COINOTAG, on September 17 (Beijing time September...

Radiant Capital Hacker Launders 13,650 ETH Through Tornado Mixer, Buys 1,327 ETH with 6M DAI — Address Now Holds $42.18M

On September 17, COINOTAG News cited LavaBurn Monitoring reporting...

Congress Debates “BITCOIN Act” to Designate Bitcoin as National Strategic Reserve and Purchase 1 Million BTC

On September 17, U.S. lawmakers convened to discuss legislation...

Bitcoin Eyes Fed’s 25 bps Rate Cut — Can the Move Close Crypto’s Gap With Traditional Risk Assets?

A QCP Capital report on September 17th signalled that...

Binance Unveils VIP Exclusive Plan for BNB Traders Who Reach Level 5+

On September 17, Binance unveiled its new VIP Exclusive...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img