Elon Musk's AI assistant, Grok, predicts Bitcoin to reach $25 million by 2046. The prediction is based on historical growth, the Stock-to-Flow model, and adoption metrics. Grok used a mix of past performance, economic theory, and market behavior to arrive at the estimate. The prediction is seen as a realistic target, given institutional adoption and Bitcoin's fixed supply. Long-term Bitcoin forecasting is shifting from fantasy to working out which model is correct.
Elon Musk's AI assistant, Grok, has made headlines with a groundbreaking prediction: Bitcoin could hit $25 million per coin by 2046. The prediction, based on historical growth, the Stock-to-Flow model, and adoption metrics, suggests a realistic target for long-term Bitcoin forecasting.
Grok's prediction began with a simple question on X: "Where could the Bitcoin price be in 21 years?" Chaitanya Jain, a former Blackstone analyst and Michael Saylor's Strategy executive, posed the question, and Grok provided a detailed response. The AI assistant calculated the potential value of Bitcoin using three approaches:
1. Historical CAGR: Grok examined Bitcoin’s historical compound annual growth rate (CAGR), which has averaged around 30% over the years. This analysis pointed to a future valuation of approximately $13 million.
2. Stock-to-Flow Model: This model values BTC based on its programmed scarcity after each halving. Using this model, the estimated value increased to over $50 million.
3. Adoption Metrics: Grok also considered Michael Saylor’s thesis of 29% annual growth toward BTC becoming a global reserve. This was estimated at around $21 million.
By triangulating these methods, Grok predicted a realistic target of $25 million per BTC in 2046. This prediction reflects a growing trend in long-term Bitcoin forecasting, where the focus is shifting from fantasy to working out which model ends up being right.
Volcon Inc. (NASDAQ: VLCN) has also shown confidence in Bitcoin's long-term potential. The company recently announced a $100 million stock repurchase program and expanded its Bitcoin treasury holdings to 3,183 BTC, valued at approximately $375 million. This strategic move aligns with broader trends of corporate adoption in the cryptocurrency space and reflects management’s bullish stance on Bitcoin’s price trajectory.
While some might dismiss Grok's prediction as speculation, it underscores the growing seriousness of long-term Bitcoin forecasting. The prediction is seen as a realistic target, given institutional adoption and Bitcoin's fixed supply.
References:
[1] https://u.today/elon-musks-grok-predicts-bitcoin-to-hit-25-million-by-2046
[2] https://www.ainvest.com/news/bitcoin-news-today-volcon-doubles-buyback-100m-boosts-bitcoin-holdings-3-183-btc-2507/
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