Bitcoin 101 – Modelling the Price of Bitcoin – Is a $100,000 bitcoin possible?

Bitcoin 101 – Modelling the Price of Bitcoin – Is a $100,000 bitcoin possible?



Can the price of Bitcoin reach two thousand dollars, ten thousand, or more? Even if you consider the blockchain as the fundamental innovation of Bitcoin, price matters, and indeed, the higher the price, the more Bitcoin is protected.

In this video we focus on price, specifically in the attempt to model the price of Bitcoin. Big investors make price models for assets. Trouble is they keep this information private. Models may not predict the price, but the certainly provide a better understanding. In this video, James walks you through the concepts and challenges of modelling the price of Bitcoin. From velocity, transaction volume, supply, to all the big markets Bitcoin proposes to disrupt (hedge funds, gold, e-commerce, money supply, remittances etc). Better still we walk you through the alpha version of our open-source model.

The live model:
http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html

GitHub code:
https://github.com/wobine/blackboard101/blob/master/BitcoinPriceModel-Alpha.html

Great post by Robert Sams:
http://cryptonomics.org/2014/02/18/can-we-value-bitcoin/

By playing around with the model, you’ll find yourself understanding the concept in a richer way, and soon you’ll be walking and talking bitcoin price like a pro.

Welcome to WBN’s Bitcoin 101 Blackboard Series — a full beginner to expert course in bitcoin hosted by James D’Angelo. Please like, subscribe, comment or even drop a little jangly in our bitcoin tip jar
Our address…
https://blockchain.info/address/1javsf8GNsudLaDue3dXkKzjtGM8NagQe

Thanks, WBN

Follow me on Twitter @JamesGDAngelo

26 Comments

  1. Excellent Video. Please do more videos about current state of crypto currencies

  2. 13,113.00$ at 06/12/2017 19:46 🙂

  3. Here’s quick and simple “how-to” guide for buying Bitcoin and crypto on Coinbase (and avoiding fees with GDAX!). Free $10 of Bitcoin if you purchase just $100 of BTC using my link! Hope it’s helpful!
    https://medium.com/@lrbecke2/the-beginners-guide-to-buying-bitcoin-cryptocurrency-16cce85e76ee

  4. Waooo this is so accurate! 4 years ago and still works. You showed 9k with 17miljon coin in 2014 and we just recently hit that! Thats pretty awesome!

  5. Daniel Stojanovski

    How could any currency ever have infinite velocity?

  6. Still very relevant, awesome vid mate

  7. Looking at that 585 price with longing

  8. $10,500/BTC now

  9. October of 2017 here, 5000U$/BTC guess you're right.

  10. Still an great video

  11. Make money reading the news
    http://news-person.com/p13746

  12. William Wellisch

    I can't believe your videos don't have millions of views! what gives?
    I have been in BTC for four years and just discovered your channel. Maybe you could pay google a bit to sponsor them and that should come back to you in ad revenue 10 fold? (just making up numbers). Great job, keep it up. I'll subscribe, thumbs up, and share to do my part…

  13. This is tremendous, watching it three years later at a spot price of $4400

  14. Thanks for sharing the good info. Please consider adjusting the gain on your mic as it's peaking which makes for a painful listening experience. Otherwise, this is an excellent video!

  15. But I still have no sound, Does anyone has the same problem?

  16. The WBN site stopped working correctly

  17. Cabri Chamberlin

    Does anyone know when this model was last updated?

  18. I'm a caregiver for seniors. I just started to learn how bitcoin works… well barely, thought it might be a good sideline. I hope I would be lucky enough to be half as successful as Mr. James D'Angelo someday ^_^

    A small donation would be really nice. Thank you so much ^_^

    13hmxFF1iQ8av5sWaMjLENf8U8NN3qxpjY

  19. BackToConstitution

    Great presentation, James! Almost everyone can learn from your videos! Thumbs up!

  20. Why is this video so glitchy?

  21. I love your PriceModel alpha, nice job!!!! 🙂

  22. I love your PriceModel alpha, nice job!!!! 🙂

  23. Thanks James, What a great talk! I like the price model. I just wonder if you can add Users and number of wallets variable. So if we are nowdays around 3M wallets in Blockchain only, with the increase in the future, how this will affect the price?
    Many thanks

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