BTC – how can it become even more worth?

Supply and demand. If demand increases and supply stays the same, price must go up.

>Given that question, what could be a realistic bitcoin price in let‘s say 5 years (and why you assume this)?

Anything from 10k per BTC in a hypothetical worst case scenario(Anyone who suggests 0 is ignorant) to 10 million usd a BTC (If Bitcoin gets much more popular akin to 30-40% global adoption) . No one knows and don’t trust any predictions.

None of us knows the perfect time to invest or can predict the price . The intelligentsia of the market is the combined knowledge of all humans and algorithms which is more knowledge than anyone can have. Also bitcoin is so scarce that a single wealthy investor can significantly move the market in secret and unannounced.
Rather than trying to time the market , let time work for you.

**Time in the market will tend to beat timing the market**

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>fixed supply, how can Bitcoin still increase in value?

Around 2-4 million BTC have been permanently lost or burnt. This means that you have around 15 million to 17 million BTC will be fought over in the next few years , but many Bitcoin users are long term hodlers so at least half of those BTC are trapped in their savings Thus you have a situation where 7-8 million BTC could potentially be purchased with ~3,194 Billionaires in the world and at least ~59.4 million millionaires. If even a small percentage of these wealthy investors wanted to hedge 1-5% of their portfolio in Bitcoin they couldn’t without dramatically increasing the value of Bitcoin. These days it is actually dangerous not to have at least 5% exposure to Bitcoin because it is an uncorrelated asset class and one needs a balanced portfolio. This is how scarce Bitcoin is.

Here are the adoption periods :

**Innovators** 0 – 2.5%

**Early Adopters** 2.5% – 16%

**Early Majority** 16% – 50%

**Late Majority** 50% – 84%

**Laggards** 84% – 100%

Right now Bitcoin has a mere 4 % global adoption thus in the very early stages of “Early Adopters”

Technically speaking since Bitcoin is disinflationary its possible for Bitcoin to continue to increase in value even with 0 new adoption , but if more than 4% of people start using Bitcoin this increases demand for a limited form of money thus making the price appreciate much faster.

Realistic speaking since Bitcoin is so valuable these days you should not expect massive 1000%-2000% bull markets anymore like in the past but I personally expect Bitcoin to outperform the SP500 equity market for at least 20-40 more years due to how early we all are