Timothy Peterson’s ‘Never Look Back’ Analysis Puts Bitcoin Price at $1 Million by Feb 2028
Several analysts have affirmed at least once that Bitcoin could be valued at $1 million USD eventually. Most of them, however, don’t really have exact dates for this to happen. Timothy Peterson, though, is the exception, as he has set a date: February 1st, 2028.
According to this specialist’s new model, the token could hit this price in this timeframe. His study, named Never Look Back, explains that the price floor is never really breached as BTC adoption grows. This means that if you ignore the bubbles and concentrate on the minimum value of the token, you will see that it never really goes below a certain threshold.
Peterson affirmed that most people have not noticed this, but there are key price levels that act as a new floor for the token. How do we get to one million, then? Following the trends so far, it would take just over eight years for BTC to reach this value.
The minimum price will be one million, but the maximum price may be even higher than this, going as far as $1.5 million USD, if the analysis is correct. The specialist affirms that the price is correlated to adoption because people who really adopt Bitcoin do not stop trading. It is because of this that the prices never really go below the threshold.
Several other analysts such as John McAfee were a lot more optimistic than this, affirming that BTC would be worth $1 million by the end of 2020. When compared to them, this model is actually pretty realistic. Now, we have to wait and see if the patterns continue.