One BTC = $1,000,000 by June 2018 ?

Based on one of the reddit user r/jarederaj analysis, price of 1 Bitcoin could hit 1 Million USD by mid 2018. Although it sounds outrageous, his predication is not out of his gut feeling, but rather based on the past performance of Bitcoin. Below is the chart which is called “Moon Math Table” which has various milestones for Bitcoin.

Closing Date : 08 Dec 2017

Closing Price: 16,007.44 USD

30-day Performance 60-day Performance 90-day Performance 2017 – Present Performance 2016 – Present Performance
From Date 11/8/2017 10/9/2017 9/9/2017 1/2/2017 1/1/2016
Starting Price USD $7,415.88 $4,777.97 $4,375.56 $1,015.98 $432.00
% Change 216% 335% 366% 1576% 3705%
Doubling in months 0.9 1.2 1.6 2.9 4.6
Doubling Period in Days 28 35 50 88 141
Days in period 30 60 90 340 707
Compounding Daily Periodic Rate 2.60% 2.04% 1.45% 0.81% 0.45%
Daily Periodic Rate 3.86% 3.92% 2.95% 4.34% 1.49%
Annual Rate of Investment 1410% 1430% 1078% 1584% 545.60%
Over $20,000.00 on 12/16/2017 12/18/2017 12/22/2017 1/2/2018 5/2/2018
Over $25,190.00 on 12/25/2017 12/29/2017 1/7/2018 1/31/2018 6/22/2018
Over $31,620.00 on 1/2/2018 1/9/2018 1/23/2018 2/28/2018 8/12/2018
Over $56,230.00 on 1/25/2018 2/7/2018 3/3/2018 5/9/2018 12/17/2018
Over $79,430.00 on 2/7/2018 2/24/2018 3/27/2018 6/21/2018 3/4/2019
Over $100,000.00 on 2/16/2018 3/7/2018 4/12/2018 7/19/2018 4/24/2019
Over $1,000,000.00 on 5/15/2018 6/28/2018 9/18/2018 4/28/2019 9/17/2020

 

Source : Reddit Moon Math Table

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