How can the rule of 70 or 72 be used to predict the growth of specific cryptocurrencies?

1 answers

• erjola alihoxhaNov 27, 2021 · 4 years ago
  The rule of 70 or 72 can be a useful tool for predicting the growth of specific cryptocurrencies. At BYDFi, we often use this rule as a quick way to estimate the potential return on investment. By dividing 70 or 72 by the expected annual growth rate of a cryptocurrency, we can get an approximation of the number of years it would take for the investment to double. However, it's important to note that this rule is based on the assumption of a constant growth rate, which may not always hold true in the highly volatile cryptocurrency market. Therefore, it should be used as a rough guideline rather than a definitive prediction. Other factors such as market conditions, technological developments, and regulatory changes should also be taken into account when evaluating the growth potential of specific cryptocurrencies.
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