• Number of HADE tokens, cryptocurrency, earned with this post 382
  • 1528

Bitcoin's Future Price in 12-Months and 3-Years

Ajinkya Lahade is the co-Head of Artificial Intelligence and Machine Learning Systems at HADE Technologies, LLC. After building predictive models that yield a near 60% improvement against Wall Street analysts, Lahade is leading a team of computer engineers to deploy similar models and applications to form cryptocurrency price and macro conclusions. The following represents Lahade's first outcome after deploying this technology to the crypto space, in the case Bitcoin.

 

PROBLEM STATEMENT: We are trying to predict the future of the cryptocurrency and its future influence and use in the real world. 

 

The value can be predicted in terms of: 

1.    Trade 

2.    Investment value 

3.    Currency conversion

4.    Ease of sending/receiving the currency overall 

 

WHO IS OUR AUDIENCE: Our target audience can be the people still on the sidelines or unaware of the true potential that lies in cryptocurrency, those with questions like: 

 

  • Where did cryptocurrency originate? 
  • Why should you learn about cryptocurrency?
  • And what do you need to know?
  • Is it just a bubble about to burst or the future? Etc. 

 

USAGE OBSERVATION: According to this research, Bitcoin is growing in consumption and acceptance throughout the world. This trend should continue as awareness grows. 




 Results from time series analysis


**There are always major downtrends at the end of each year.**



Bitcoin Price if it proceeds without any major down trends: 

 

For 2018 - (the following is derived from machine learning algorithms and artificial intelligence)

 

December 2018 Bitcoin Price – $39,675

 

Highest Bitcoin Price of 2018 – $47,689 in October 2018 

 

 

For 2020 --

 

December 2018 Bitcoin Price –  $60,559

 P

Highest Bitcoin Price of 2020 – $65,775 in November 2020

 

Lowest Bitcoin Price of 2020 – 42,315 May 2020 end or Year End


The Future for Bitcoin

Some of the limitations that cryptocurrencies presently face – such as the fact that one’s digital fortune can be erased by a computer crash, or that a virtual vault may be ransacked by a hacker – may be overcome in time through technological advances. What will be harder to surmount is the basic paradox that bedevils cryptocurrencies – the more popular they become, the more regulation and government scrutiny they are likely to attract, which erodes the fundamental premise for their existence.

While the number of merchants who accept cryptocurrencies has steadily increased, they are still very much in the minority. For cryptocurrencies to become more widely used, they have to first gain widespread acceptance among consumers. However, their relative complexity compared to conventional currencies will likely deter most people, except for the technologically adept.

A cryptocurrency that aspires to become part of the mainstream financial system may have to satisfy widely divergent criteria. It would need to be mathematically complex (to avoid fraud and hacker attacks) but easy for consumers to understand; decentralized but with adequate consumer safeguards and protection; and preserve user anonymity without being a conduit for tax evasion, money laundering and other nefarious activities.


Since these are formidable criteria to satisfy, is it possible that the most popular cryptocurrency in a few years’ time could have attributes that fall in between heavily-regulated fiat currencies and today’s cryptocurrencies? While that possibility looks remote, there is little doubt that as the leading cryptocurrency at present, Bitcoin’s success (or lack thereof) in dealing with the challenges it faces may determine the fortunes of other cryptocurrencies in the years ahead.

 


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  • Brian Nichols
  • 31 December 2017, 03:12 pm

Research reports on Ethereum, Litecoin, and Ripple coming next.