This exercise aims to generate three separate charts showing the projected Bitcoin (BTC) prices and the amount of BTC needed to accumulate $1 million, under three different scenarios. The scenarios represent different Compound Annual Growth Rates (CAGR) for Bitcoin prices.
The first chart represents a bearish scenario with an 8% CAGR, indicating a relatively conservative growth rate for Bitcoin prices. The second chart depicts a base scenario with a 15% CAGR, representing a moderate growth rate. Finally, the third chart illustrates a bullish scenario with a 22% CAGR, indicating a more optimistic outlook for Bitcoin price appreciation.
Each chart provides insights into how Bitcoin prices may evolve over time and how many BTC units would be needed to accumulate $1 million under each scenario. These insights can help investors and enthusiasts understand potential future returns and make their own informed decisions about Bitcoin investments. The charts are presented for easy comparison and analysis.
To reach $1 million net worth in Bitcoin in 2040, at today's price, you'd need approximately $315148.28 in Bitcoin (@ 8% CAGR), $122864.83 in Bitcoin (@ 15% CAGR), or $50374.58 in Bitcoin (@ 22% CAGR) USD.