Bitcoin Price Prediction 2024-2030: Expert BTC Forecasts

Some analysts have predicted that bitcoin could drop as low as $5,000 over the next year, while others have said prices will climb to $250,000. Experts from Ark Investment Management, which is headed up by famed investor Cathie Wood, is standing by its prediction that one bitcoin will be worth more than $1 million by 2030. And if we are in the early innings of a new global liquidity uptrend, BTC and crypto assets should outperform considerably over the next 12 to 18 months. Bitcoin is a relatively safe investment compared to other cryptocurrencies. However, it is still a high-risk, high-reward type of asset and should not be seen as a reliable long-term store of value. Specific events like the shutdown of Binance Connect and notable departures from crypto firms have also shaken investor confidence, further influencing market sentiment and contributing to price drops​.

Bitcoin (BTC) Price Prediction 2024-2040

• Additionally, he said that market sentiment and technical analysis present a different outlook, suggesting that Bitcoin may reach a new high within 6-9 months after a mid-cycle peak, estimated to occur around early 2024.
• Mark Basa, on the other hand, gave a more bullish bitcoin price projection.
• As of Nov. 21, 2024, BTC surged to an exceptional all-time high at $97,862, with a market capitalization of $1.93 trillion, representing a 8.56% increase in the last week.

When asked when they see BTC being broadly used in a developed nation (eg in the US as a means for the majority of the population to buy everyday products), and the majority don’t see it happening anytime soon, if at all. Josh Fraser, cofounder of Origin Protocol, says that BTC is currently underpriced and poised to rally. Ronen Cojocaru, CEO of 8081 Inc., is a bullish panel member and expects BTC to close out 2024 at $125,000, laying out why he expects BTC to close out the year so strong.

The $28,000-to-$30,000 range is likely to occur for Bitcoin price in mid-2023. If history were to repeat itself, this recent accumulation by whales could generate a quick bear market rally in Bitcoin price. This move would correspond to a retest of $28,000, assuming BTC inflations by $10,000 as it did in February. Another interesting data point was between September and November 2021, when these addresses grew from 15,777 to 16,150, suggesting the addition of 373 new addresses. After this spike, the Bitcoin price rose from $40,700 to 66,971 and set up an all-time high. Whales and their accumulation patterns are important to determine if the Bitcoin price has bottomed.

Bitcoin (BTC) Price Prediction

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Polygon joins forces with WSPN to expand stablecoin adoption

Our Bitcoin price prediction is rather conservative and does not take into account any random media hype or unexpected regulations that may happen in the near future — these factors are too unpredictable. However, if you’re considering investing in Bitcoin, you need to make sure you’re ready for its price to fluctuate wildly. No matter data science portfolio tips to build good data science portfolio if it’s in a down- or uptrend, Bitcoin is almost always predicted to keep rising in the future. However, please DYOR and carefully consider the risks before investing in BTC or any other cryptocurrency.

Looking further ahead, they see the price of BTC rising to $113,364 by year-end what is the value of bitcoin 2025 and $282,238 by the close of 2030. All prices mentioned in this report are denominated in US dollars. Coinbase’s third-quarter 2023 trading summary suggests declining volume in three of the past four quarter-over-quarter measures. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. The Motley Fool has positions in and recommends Alphabet (A shares), Alphabet (C shares), Bitcoin, Coinbase Global, Inc., and Mastercard.

January 2025: Bitcoin Price Forecast

Cryptocurrency mining has taken off explosively since mid-2016 with the S9 ASIC miner. The evidence can be found in the Joules per Tera Hash improvement of mining rigs since 2009. Crypto mining equipment has become 4,237% more efficient in the last eight years. While the accumulation of BTC is important, the presence of stablecoin-holding whales is more significant to determine and add weight to the possibility of a rally in Bitcoin price.

The European Union’s Market in Crypto Assets (MiCA) Regulations aims to make the crypto industry in the Eurozone a transparent and secure environment for investors. Cryptocurrency OTC desks play an essential role in facilitating large cryptocurrency trades in the global crypto markets. If you feel a message or content violates these standards and would like to request its removal please submit the following information and our moderating team will respond shortly.

This time last year, Bitcoin was flying high at almost $46,000. Only time can tell whether Bitcoin continues to rise or face downfall, and trading Bitcoin should be done with full awareness; your investment may yield a different return than the anticipated return. Historically, halving has been seen as an excellent sign for bringing momentum to Bitcoin’s price. So far, this year’s halving that took place on April 20, 2024, has not caused the surge to the BTC, as experts anticipated. Another thing to try if you haven’t done it, is to take the “Five Love Languages” quiz to see where your love language is at.