The Quantile Bitcoin model dampens expectations by predicting only a 5% chance of Bitcoin hitting $1 million in 2025. This contradicts the more optimistic forecasts from analysts like Cathie Wood. Instead, the model places a 50% probability on Bitcoin reaching $300,000 by 2029 and $1 million by 2034, based on meticulous statistical analysis and historical trends.
This new model challenges Cathie Wood's projection range of $650,000 to higher values, suggesting a more extended timeline for significant Bitcoin price milestones. Such insights may influence investors and industry experts to reconsider their mid to long-term expectations.
