CRYPTOCURRENCY MARKET ANALYSIS; FORECAST
OF THE FUTURE (2023 - 2027)
Cryptocurrency Investing, a comprehensive practical insight
into bitcoin and digital currency investment from 2023 - 2027.
FRANK FREEMAN
Copyright © (2022)
Frank Freeman
All rights reserved. No portion of this book may be reproduced in any form
without permission from the publisher, except as permitted by U.S.
copyright law.
About the Book
This book provides an in-depth analysis and insight into the future price of
bitcoin with a high degree of accuracy. The prediction is based on technical,
fundamental analysis amongst other scientific tools used for prediction all
geared towards determining how bitcoin price will behave in the future.
This equips traders and investors on decision making with regards to the
cryptocurrency market.
The book also made a detailed review of the views of experts individuals
and firms in the field of cryptocurrency on the price of bitcoin. Some of
these professionals has predicted the prices accurately in the past making
their prediction something to reckon.
At the end of this book, the author drew a factual and reliable summary the
predictions based on the reviews made, existent historical data amongst
other factors.
He also recommended other quality and profitable cryptocurrency projects
and coins that would yield a maximum returns in the near future aside
bitcoin.
About the Author
Frank Freeman is the CEO of Crypto Research Wave (A firm dedicated to
continually research and update on the global cryptocurrency market trends
as well as provides expert advices on same) and an American financial
market researcher that advocates intermarket technical analysis.
With his wealth of knowledge in trading stocks and financial markets for
over three decades, he has been able to produce various books on Futures
Markets, Cryptocurrencies, and Stock Trading, as well as give useful advise
tools on how to be profitable as a digital currency investor or trader.
He emphasizes the use of exchange-traded funds in asset allocation, sector
rotation, and international trading methods (ETFs).
His financial and stock market trading books have been published in 8
different languages, including; (English, Chinese, Portuguese, Spanish,
French, Russian, Korean, Japanese).
Frank has been an active investor in prominent financial industry
organizations involved in the creation of trading AI since he was a
youngster.
Table of Contents
Chapter 1: Introduction
Chapter 2: The History of Bitcoin Price Action
Chapter 3: Cryptocurrency Experts share their thoughts on Bitcoin Future
Chapter 4: Past Bitcoin Historical Price
Chapter 5: Bitcoin Future Price 2023 -2027
Chapter 6: The Summary of the Forecasts and Authors View of the
Future of Bitcoin Price
Chapter 7: BTC Price Forecast and Long-Term Price Predictions
CHAPTER 1
Introduction
The first cryptocurrency ever developed, Bitcoin, sparked the creation of an
entire industry and countless numbers of altcoins designed in its likeness.
Not only is Bitcoin the first of its type, but it has also been created with the
intention of upending and displacing paper-based fiat currencies to become
the universal digital money used by everyone, regardless of where they
reside.
Bitcoin's anticipated value and expected growth might be stratospheric
because of its strength and potential. Crypto specialists and business
professionals have speculated that Bitcoin's long-term value might rise to
between $100,000 and $1,000,000 per BTC in the future.
The enigmatic Satoshi Nakamoto invented Bitcoin as the first peer-to-peer
electronic currency system. Bitcoin is peer-to-peer hence it is deemed
decentralized and doesn't need a controlling third party to confirm or
monitor transactions (like a bank or government).
Instead, miners who receive BTC for each block that is validated and added
to the blockchain are used to confirm Bitcoin transactions. This payment
encourages miners to keep confirming transactions and expanding the
Bitcoin network.
The block reward for Bitcoin is halved every four years, which causes
miners to get progressively less BTC over time. The crypto community
refers to this as a halving.
Bitcoin has a deflationary element and an asset with a scarcity akin to gold
since its supply is hard-capped at 21 million BTC and is reduced by half
after each block. In reality, digital gold has been a typical description of
Bitcoin.
Price Prediction for Bitcoin
It is claimed that because of these special characteristics, Bitcoin may be
used as a store of value, a safe haven asset, and a money for international
transactions without restriction.
Following the 2008 financial crisis, Satoshi Nakamoto created Bitcoin as a
means of redistributing power and control away from banks and
governments, which had hitherto dominated the movement of money.
All of these features make Bitcoin an amazing financial innovation with the
potential to revolutionize the financial industry. And as a result, it is
anticipated that Bitcoin will rise significantly and represent its actual value
as a world currency.
How to Make Bitcoin Price Predictions
Even from a position of ignorance, anyone may forecast the price of
cryptocurrencies. These forecasts differ from one another in terms of
accuracy. Understanding the cryptonomics and tokenomics of a certain asset
is necessary to make more accurate price predictions for cryptocurrencies.
As determined by its fundamentals, trading volumes, market capitalizations,
current and future (possible) demand and supply, usage or utilization as
payment tokens, derivative products, charts, historical trends, and metrics,
analysts consider the current value and future potential of cryptocurrencies.
As a result, analysts frequently employ algorithms to forecast price
changes, with the aforementioned variables serving as their inputs. The
algorithms may be manual, based on artificial intelligence or machine
learning, or both.
One technique for creating a model for asset price prediction is the Long
Short Term Memory Network, a kind of recurrent neural network. Methods
like support vector regression and deep learning have also been used.
The major sources of short-term price evaluations are technical charting and
analytical techniques. Cryptocurrency prices occasionally correspond to
forecasts based on or derived from extremely well-known technical
indicators in financial studies.
From a knowledge standpoint, these indications will combine to create
interpretable price patterns that enable analysts and specialists to forecast
future prices.
The social metrics (psychological, rational, and irrational elements)
concerning the cryptocurrencies or assets in issue have, however, been
added to recent evaluations. These social measures serve to define what
analysts refer to as sentiments, which have a significant impact on a
cryptocurrency's price, particularly given how volatile it is.
Forecasting Bitcoin may be done in four ways:
1. Momentum: According to behavioral finance theories, a stock or asset
price will keep moving in the same direction as long as individuals continue
to invest in increasing assets and stay away from declining ones. Positive
outlooks encourage more purchases, and vice versa.
2. Mean Reversion: Over time, markets will finally balance out. Therefore,
historically low prices provide an opportunity for investors using this type
of prediction, whereas high prices deter them from doing so. The propensity
of a price to settle on an average value over time is known as mean
reversion.
3. Martingales are mathematical series in which the current number is used
as the best indicator for the subsequent number. According to the notion,
historical price trends won't have an impact on future costs. If this forecast
holds true, the future price will be determined by the present price and the
projected volatility rather than by previous historical prices.
A sub-martingale is a martingale where the probability of the following
number being greater is higher. Despite several reversals, stock values have
remained continuously rising over the long run. Stock prices therefore
follow the sub-martingale trend known as the random walk in the literature.
4. Look for Value Many investors rely on market inefficiencies and
mispricing to benefit when buying and selling a particular item since they
occur frequently.
These inefficiencies are assumed to be caused by variables like the risks
that investors take when investing in assets, and these investors may ask for
greater compensation for taking such risks, albeit the exact reason of these
inefficiencies is not fully known. The price-to-book ratio is a key factor in
determining an asset's worth for the purpose of value investing.
Research shows that stocks with a low price-to-book ratio provide higher
returns than other equities. Low price-earnings ratio stocks adhere to the
same tendency. Because valuation is derived from price, valuation ratios
rise when price rises and vice versa.
Asset or Bitcoin price projections are lower when ratios rise, and vice versa.
Price-earnings ratios, on the other hand, have varied greatly over time and
are thus not consistent with buy or sell recommendations. Price-to-book and
price-earnings ratios are not utilized as buy/sell signals but rather as
variables that may reduce an asset's potential future returns.
What Affects Bitcoin's Value?
Usefulness or utility, demand and supply, hype, acceptance, community
feelings, regulation, alternatives, and other variables, as detailed below, all
affect the price of bitcoin.
Demand and supply are the primary factors influencing the price of all
commodities, assets, and even cryptocurrency. People trading on various
cryptocurrency exchanges generate a significant amount of demand.
Additionally, it happens when more individuals keep it in their wallets.
The cryptonomics of cryptocurrencies depend on scarcity, which generates
demand. For example, the output or supply of Bitcoin declines every
autumn, years following halving occurrences.
Community Development and Attitudes: The acceptance and usage of
bitcoin are increased through community development, such as the
establishment of new bitcoin nodes. For example, more nodes strengthen
the network's security and decentralization theory. Social media attitudes
may surface when a lot of people publish, interact with, and discuss it.
Alternatives: If businesses use rival cryptocurrencies instead of Bitcoin,
demand for Bitcoin may decline (either quitting Bitcoin for others or
adopting a new one). This may occur as a result of the rival advantages
other cryptocurrencies might possess over Bitcoin. With its support for apps
and smart contracts, Ethereum has demonstrated this.
Additional Investments: Additional investments may be made in the Bitcoin
network through regulated Bitcoin ETFs, futures, trusts, developer
companies, cryptocurrency exchanges, and other such things.
Excitement: The hype generated by persons who own or trade
cryptocurrencies might occasionally affect the price of Bitcoin. Pump and
dump plans can be calculated. In order for many individuals to purchase or
sell now, there must be a hypothetical false and transient desire (high or
low) that the price will increase or decrease in the future.
These could then fall victim to a trap that prevents them from selling or
buying back after the con artists have done so in response to a phony
demand.
Regulation: Prices may fluctuate in response to regulatory orders (that have
widespread effects on users in the most active regions).
Websites and Tools for Predicting Bitcoin
From a knowledge standpoint, there are several websites and methods you
may use to forecast the price of a cryptocurrency:
Along with several cryptocurrency and Bitcoin projections, Finder.com also
provides in-depth analyses of other cryptocurrencies.
TradingBeasts provides monthly predictions regarding cryptocurrency
prices.
Based on charts and trading indications, Fxstreet evaluates cryptos and their
pricing.
Wallet Investor provides 3- and 6-minute, biweekly, 1-year, and 5-year
projections for cryptocurrency values.
In a long prediction, price changes are anticipated for the opening,
maximum, minimum, average, closing, and percentage changes for each
month.
Bitgur makes advantage of various statistics and high-resolution deal
analysis from bitcoin exchanges.
CHAPTER 2
The History of Bitcoin Price Action
The price of bitcoin is now hovering around $16,000, but considering how
erratic the commodity is and its propensity to go on parabolic runs, it might
increase by a factor of two tomorrow or decrease by a factor of eighty
percent.
When the Bitcoin Core client code was made available to the public,
Bitcoin had a value of much less than a cent and was almost worthless.
Later, it started to trade for over $1,000 and was viewed as a significant
financial asset with long-term potential.
When Bitcoin hit its formerly all-time high of $20,000 per BTC coin in
2017, it captivated the world's attention and made many people rich beyond
their wildest expectations. Retail investors rushed to purchase the asset after
reading story after article about BTC in the mainstream media.
But when 2018 arrived, a significant shift in the Bitcoin trend happened,
and the price started falling. Because of how unstable Bitcoin is, the market
price retraced up to 80% down to $3,000, where it ultimately reached its
low, leaving many people questioning whether Bitcoin would ever increase
in value again. Others opened long positions at the bottom of the bear
market because they anticipated Bitcoin's future growth.
At the beginning of 2019, Bitcoin growth resumed. A strong recovery sent
the price back beyond the bear market lows of $10,000 to $14,000 before
tumbling below $6,500.
The Black Thursday meltdown in 2020 brought Bitcoin to less than $4,000.
However, the stimulus measures taken by the US and other countries to
fight the pandemic greatly increased the money supply, placing Bitcoin in
the financial front.
In 2021, the cryptocurrency began a fresh upswing and reached a new
record high of $65,000. Since then, Bitcoin has fallen more than 50%,
returning to the low $30,000 level. The price of one bitcoin is now hovering
around $16,000.
The History of bitcoin's price is summarized here.
The price of bitcoin has climbed by 6,400,000% from the beginning to the
peak.
When Satoshi Nakamoto and Wei Dai, the developer of b-money, first
discussed publishing a Bitcoin white paper on August 22, 2008, the price of
bitcoin was almost exactly zero. Additionally, $0 was submitted by Satoshi
in a Bitcoin peer-to-peer e-cash article on a cryptography email.
Nakamoto sent 10 BTC to Hal Finney, who invented the first-ever reusable
proof of work mechanism, in the first transaction at the price of $0 per
BTC.
On May 22, 2010, 10,000 BTC were exchanged for pizzas from Papa
John's.
BTC traded for between $0.0008 and $0.08 per coin in July 2010. Before
the chain forked to an upgraded version, the 184 billion BTCs were
generated by disgraceful hacking. The price of the cryptocurrency remained
at that level until August 26, 2011, after which it began selling for $1 until
2014.
The price spiked to $31 in June 2011 before plummeting to $10 as a result
of hacking on several exchanges.
The price of BTC in October 2011 was $3.27. Due to a cyberattack on the
Linode cloud computing and web hosting infrastructure in March 2012, the
price of each coin increased to $4.89. Price as of May 12, 2012, was $4.95.
Price as of August 17, 2012, was $12.51.
Price on September 22, 2012, was $12.26. It rose to $30.14 on February 25,
$47.20 in March, $127.17 in April, and $597.50 on December 18.
BTC's price ranged from $271.82 to $815.30 throughout 2014 and 2015.
The price of BTC in January 2016 was $398.68.
Price ranged from $2,000 in May to $20,000 in November of 2017.
Price ranged from $3,429 to $10,823 in 2018.
Price for 2019 ranged from May to October approximately $7,000.
Prices for 2020 ranged from $10,251 in September to $17,197 in
November.
Prices for 2021 ranged from $31,928 in January to $68,742 in November.
Price dropped to $15.528 in 2022.
CHAPTER 3
Bitcoin Future Predictions from Cryptocurrency Experts
The price forecasts for Bitcoin in the near and far future have been
expressed by a number of specialists. Here are some of the most well-liked
Bitcoin price predictions from leading figures in the cryptocurrency sector.
Max Keiser (Financial Analyst and Host of The Keiser Report)
The investor and Keiser Report presenter Max Keiser suggests that Bitcoin
should cost $400,000 in the long run, but $100,000 in the medium term.
Keiser, one of the most vocal proponents of Bitcoin, demanded $100,000
when the currency was only trading for $1. While $400,000 is a long-term
objective because of the coronavirus and a parallel to gold, his new
$100,000 aim is by the end of 2020.
For the first time in eight years, Keiser remarked, "I am officially boosting
my aim for Bitcoin, and I initially made this forecast when it was $1, I said
this might go to $100,000. I'm lifting it to $400,000."
Robert Kiyosaki (Entrepreneur, Investors, and Best-Selling Author)
The author of the New York Times best-selling book Rich Dad, Poor Dad,
Robert Kiyosaki, has been advising his followers to invest in gold and
bitcoin. He forecasts that Bitcoin will hit $75,000 and that gold will rise to
$3,000 an ounce.
Plan B’s Stock-to-Flow Model Using Scarcity
The well-known Stock-to-Flow model, developed by Bitcoin guru Plan B,
makes use of the asset's virtual scarcity to forecast future price assessments.
The next cycle peak, which should occur over the next few of years, is
predicted by the model to reach a maximum of $288,000 for Bitcoin.
Adam Back, CEO of Blockstream and a pioneer in the early development
of electronic money, predicts that Bitcoin might rise as high as $300,000
over the coming years.
Since more people are considering hedging and holding onto value in the
face of widespread money creation, Back told Bloomberg that "[Bitcoin]
might not need greater institutional acceptance [to hit $300,000].
CHAPTER 4
Past Bitcoin Historical Price Predictions That That Were Accurate
Although BTC price predictions are difficult to produce, a few of renowned
industry professionals have succeeded in doing so over the years.
Master Daniel (Analyst at Global Advisors)
In 2017, Daniel Masters predicted that the price of bitcoin will surge and hit
a high of $4,400. In fact, Bitcoin did hit that level in 2017, but it quickly
surpassed it and continued to rise to $20,000.
Lingham, Vinny (South African Internet Entrepreneur and CEO of
Civic)
Vinny Lingham predicted boldly in 2016 that Bitcoin will reach between
$2,000 and $3,000 in 2017, which was a more cautious prediction than
Masters'. The call was destroyed by Bitcoin's ferocious surge, just like
Masters was.
Legendary commodities trader Peter Brandt predicted that after breaking
out of its parabolic ascent in early 2018, Bitcoin will fall by more than 80%.
This prediction came true, making it one of the few negative price forecasts
that have been accurate. That objective was accomplished by year's end,
and Bitcoin dropped below $3,200.
Draper, Tim (Billionaire Venture Capitalist)
Tim Draper is heavily engaged in cryptocurrency and has a talent for
predicting the next great thing. Back in 2014, the multibillionaire venture
capitalist predicted that Bitcoin will hit $10,000 by 2018. Once more, the
visionary was correct, and the asset quadrupled that forecast the year
before.
Bitcoin 2020 Research Report by Bloomberg
A fresh research from Bloomberg Research on the potential of investing in
Bitcoin was been published. By the end of 2020, according to the main
financial and media center, Bitcoin should reach $12,000 and $20,000 per
unit. Both forecasts came true.
It is clear from the forecasts of prominent investors and industry
professionals that Bitcoin growth may be quite significant given current
pricing around $16,000. It's unclear, however, how and when the price of
bitcoin will rise to such high expectations. Technical analysis is frequently
used by cryptocurrency experts to forecast price changes and potential
times when they may happen. To better comprehend how high Bitcoin may
go, I've assembled some of the greatest technical assessments from the best
experts in the sector. This will be made available in subsequent
publications.
CHAPTER 5
Bitcoin Price Prediction 2023–2027
Below are further forecast of various experts and firms on the price of
bitcoin in coming years.
2022–2023 Bitcoin Price Prediction
The following two years in Bitcoin might see a bear market once more after
the final bull market top. The best course of action in that situation is to
switch to shorting each bounce. The bottom of Bitcoin's bear market would
be anywhere between current levels and the previous all-time high of 2017.
After falling from about $20,000 per bitcoin in late 2017, the price of
bitcoin has stabilized at roughly $17,000, raising concerns that the bitcoin
and cryptocurrency industries may be "heading for extinction."
Views on the price of bitcoin from various experts for 2023
Following the CEO of BlackRock's announcement of "the next generation
for markets," analysts at the world's largest bank, Standard Chartered, have
now cautioned that the price of bitcoin could drop as low as $5,000 in 2023,
a further 70% drop that would bring the market capitalization of bitcoin to
just $100 billion and spark a crypto-crash.
According to CryptoPredictions.com
In the first quarter of 2023, Bitcoin will have a maximum price of $25,321
and a minimum price of $17,195, predicts CryptoPredictions.com. We may
anticipate an average monthly pricing in this quarter of the year of about
$20,000 for each of the three months. We anticipate Bitcoin will be worth
an average of $20,266 in April 2023, at the start of the second quarter.
Given that we also anticipate average prices of $20,271 and $20,273,
respectively, May and June don't appear to differ all that much.
We anticipate a minimum price of $17,231, $17,236, and $17,218 for the
months of July, August, and September, respectively. In these three months
of the third quarter of 2023, the maximum price of Bitcoin is anticipated to
fall between $25,321 and $25340. The forecast for the price of bitcoin for
the last quarter of 2023 is pretty comparable to that for earlier periods. In
October, November, and December, it is expected that the average price of
Bitcoin will be $20,243, $20,225, and $20,203, respectively.
The monthly minimum, maximum, and average prices of Bitcoin in 2023
are fairly comparable, according to CryptoPredictions. When the highest
and minimum monthly costs are compared, we anticipate a negligible (0%)
monthly change in price throughout the course of the year. This
demonstrates that we anticipate a somewhat steady year for this top
cryptocurrency.
Strong indicators have been gained from the overviews that the price of
bitcoin in 2023 will be more or less or range between $8,000 and $10,000
per bitcoin. This comes after the protracted bearing year of 2022.
Technically, there is typically a time of rest following every bear run or bull
run in a market trend, allowing traders to amass orders in all directions. As
a result, the market fluctuates between set prices. Typically, a liquidity grab
and a move in the other direction signify the conclusion of this market
range. Thus, 2023 will likely be a year of accumulation and fluctuating
markets. The bull run will begin following this, which may last the entire
year and into the first quarter of 2024.
2024–2025 Bitcoin Price Prediction
Because markets cycle, Bitcoin typically cycles every four years, halving
once. The price of Bitcoin will start to rise once again as the supply is
further reduced in 2024, when there will be another halving. This might
trigger a new bull market, which would result in prices of close to $500,000
or perhaps millions, as predicted by analysts.
Using the Bitcoin Wave Model Analysis, predict the price of bitcoin.
Year 2022
In 2022, BTC declined to less than $20,000 because to inflation. According
to a poll of 53 FinTech experts, Bitcoin will probably conclude the year at
approximately $25,473, but it might go as low as $13,676.
For instance, Carol Alexander, a lecturer at Sussex University, predicted
that Bitcoin might reach a low of $10,000 this year. Changelly had
predicted that the price of one Bitcoin will range from $27,921 in the least
to $41,180 in the maximum, but these projections have already been
surpassed.
Cryptocurrency may crash below $10,000 in 2022, according to skeptics,
but this is exceedingly improbable. According to more upbeat predictions,
the cryptocurrency might increase to between $70,000 and $100,000. Vetle
Lunde, an analyst with Arcane Research, forecasted a price of $20,000 by
the end of the year.
Bitcoin was expected to cost $27,568 in June 2022 and $62,222 in
December 2022, according to the Bitcoin Wave model.
Bitcoin was expected to trade between $53,038 and $64,734 in 2023, with
an average price of $54,5570. More Bitcoin price forecasts were made in
July, with the final estimate for 2023 being $69,000. According to the
Economy Forecast Agency, These Bitcoin price forecasts were quite
gloomy and have been broken; bitcoin will trade between $8,513 and
$12,846.
By the end of 2023, $100,000 was predicted by analyst Sayantani Sanyal,
according to Analytics Insight.
The Bitcoin Wave model anticipated that during 2023, Bitcoin will trade
between $80,000 and $25,000. The cost would be about $50,000 in June
2023.
According to estimates from the Economy Forecast Agency, the price of
one bitcoin is expected to range from $12,656 to $22,158 over the entire
year 2024. The Changelly cryptocurrency exchange has predicted the price
of one bitcoin will fluctuate between $52,387 and $91,629 in the near
future.
The average cost will be $81,632:
Between $52,387 and $58,935 in January, with a median of $57,298.
February: a range of $56,289 to $61,227, with a mean of $59,017.
March: An average of $58,059 and a range of $60,788 to $63,588.
April: A range of $61,037 to $66,020, with a mean of $63,219
May: An average of $65,748 with a range of $63,565 to $68,548.
June: An average of $67,721 with a range of $64,992 to $71,836.
July: An average of $69,752 with a range of $67,569 to $74,545.
August: An average of $71,147 with a range of $68,419 to $78,032.
September: An average of $73,993 with a range of $71,265 to $81,590.
October: At an average price of $76,953, between $74,224 to $84,550.
Between $80,031 to $87,628 in November, with an average of $77,303.
December: An average of $81,632 and a range of $79,449 to $91,629 each
month.
Since the market for Bitcoin is cyclical and tends to cycle every four years
with each halving, analysts believe that the price might endure a big bull
run to reach a price of $500,000 after 2024.
In January 2024, the Bitcoin Wave model projects a price of $70,201. This
prediction model suggests that the price might increase to $95,000 in the
same month.
Price forecast for bitcoin in the year 2025 using the Bitcoin Waves model,
2025 to 2027
Maximum trading prices for bitcoin will range from $120,438 to $137,071,
with a $124,520 average. According to another forecast by Coin Price
Forecast, the cryptocurrency may be valued $179,280.
Some forecasts claim that Bitcoin will reach between $500,000 and $1
million per coin by the year 2025, yet this might be considered an odd
assumption.
Year 2026 The price of the cryptocurrency might range from $181,308 to
$214,232, with an average price of that amount.
Bitcoin is anticipated to trade between $260,604 and $306,558, with an
average price of $268,056 in the year 2027.
Bitcoin Waves model for 2028 Price predictions for bitcoin from 2028 to
2032:
Price forecast for Bitcoin Waves between 2028 and 2032
In 2028, it is predicted that the price of a single Bitcoin would range
between $374,918 and $454,445 with an average of $385,641.
Year 2029
The predicted maximum and lowest prices for Bitcoin are $642,506 and
$544,924, respectively. This forecast indicates that the average price will
probably be $560,349 per unit.
A prediction model called Bitcoin Wave projects that the price will only hit
$1,000,000 (about in November or December of 2029) and trade at close to
a maximum of $1,200,000 per coin.
Year 2030 Experts estimate that the cost may just be $120,000 or between
$100,000 and $105,085 in 2030. For instance, a senior commodities
strategist at Bloomberg Intelligence predicted that on the BTC/USD price
chart, the $100,000 price level will act as support rather than resistance.
A group of 35 analysts questioned by Finder in April 2022 said that by the
end of 2030, the price of one Bitcoin may rise to $420,240. In order for
Bitcoin to disrupt gold, according to Tyler Winklevoss, one of the founders
of the Gemini cryptocurrency exchange, it has to have a market valuation of
$9 trillion, which means the price might reach $500,000 in 2030.
Other analysts predict that the price of the cryptocurrency might rise to as
high as $776,060 to $937,274, with an average of $798,474. This would be
in response to a circumstance that was exceedingly bullish.
More outlandish bullish forecasts have been made by people like Basa from
Hokk Finance, who predicted that the price might reach $1 million in eight
years.
According to the Bitcoin Wave forecasting model, the price will drop to
about $500,000 in January 2030, rise to a maximum of $750,000 in June,
and average between $500,000 and $700,000 by the end of the year.
Finder.com's Bitcoin Price Prediction
Price forecast for bitcoin in 2022
By the end of 2022, according to our panel, Bitcoin (BTC) will be valued
US$21,344 before increasing to $79,193 by the end of 2025. The report's
prices are all expressed in US dollars.
Through two polls, Finder gauges the future price of Bitcoin as predicted by
experts. A rotating panel of five fintech experts who participate in our
weekly survey are asked if they are optimistic, bearish, or neutral on bitcoin
for the upcoming two weeks. Our broader quarterly poll, which was most
recently done in late September to early October, solicits opinions on the
performance of Bitcoin over the coming ten years from a panel of 55
industry experts.
Predictions for the price of bitcoin in 2022, 2025, and 2030
According to Finder's panel of fintech experts, BTC is anticipated to
conclude the year just slightly higher than its present value, with an average
projection of $21,344 by the end of 2022.
The group expects that BTC will peak around $24,013 in 2022 and bottom
out at just $15,283 at some point this year.
The end-of-2022 projection made by the panel in October, $21,344, is lower
than the estimates made in July, $25,473, back in April 2022, $65,185, and
in January 2022, $76,360. Despite the fact that the panel's current forecasts
are less optimistic than earlier ones, it still believes that the price of Bitcoin
will rise in a similar manner, although from a lower base. The end-of-2022
forecasted price of $21,344 reflects an increase of around 11% above the
current price of $19,157. By 2025, the predicted price of $79,193 would
have increased by 313%, and by 2030, the predicted price of $270,722
would have increased by 1,313%.
The panel's decreased forecasts are somewhat attributable to the
cryptocurrency fall, but overall, their expectations are growing less positive
on the highs BTC will reach by the end of 2025 and 2030.
BTC was expected to end 2025 at around $206,351 and 2030 at $567,472
according to the panel's forecasts, which are much higher than the estimates
of roughly $79,193 and $270,722 in the October 2022 report.
By the end of 2022, according to Serhii Zhdanov, the CEO of EXMO, BTC
will trade for $25,000. This is nearly a 30% increase over the price of
bitcoin right now. Additionally, he believes that BTC will hit $1,000,000 in
2030. Zhdanov declares
"Nothing fundamental has changed for Bitcoin; it's a global capital crisis;
Bitcoin is impacted in the near term but will recover; a lot of other financial
assets will not,"
In spite of the market decline and Bitcoin dominance dropping below 40%,
Ben Ritchie, managing director of Digital Capital Management, believes
that BTC will be worth $30,000 by the end of 2022. Ritchie is one of the
77% of panelists who still view BTC as a store of wealth.
Bitcoin continues to be a completely decentralized network, used by
institutions more as a store of wealth than a medium of exchange.
The University of Western Australia's Lee Smales, a professor of finance,
isn't so bullish about the price of bitcoin in 2022. By the end of 2022,
Smales anticipates a further decline in the stock market and Bitcoin. He also
adds:
"Now that 'the Merge' looks to have gone smoothly, BTC will draw more
negative attention to the PoW paradigm."
By December 2022, little is expected to change in the price of Bitcoin,
according to senior lecturer Paul Levy at the University of Brighton. At
$21,500, his price objective is just a little bit more than the going rate.
Nevertheless, he asserts that "longer term it will probably see stable
expansion." His goal price is $60,000 by 2025.
Angel investor Veronica Mihai makes one of the most negative forecasts.
By the end of 2022, according to Mihai, BTC will be worth $10,300.
"BTC is under the limelight of global authorities and is strongly tied to the
overall current economic condition... BTC will once again present a
hedging opportunity if it decouples from the key economic indicators.
Finder.com went further to address certain questions on the subject of
bitcoin price as follows:
Is it best to buy, sell, or hold Bitcoin right now?
According to finder.com, our panelists are largely split between purchasing
BTC (46%) and keeping it (44%), notwithstanding the recent negative
market. 10% of people think now is not the time to sell bitcoin.
The most frequent argument put out by our panelists for why they believe it
is now a good time to buy bitcoin is that, rather than the cryptocurrency
itself changing fundamentally, the present price weakness is caused by
macroeconomic reasons.
The CEO of CoinSmart Financial, Justin Hartzman, claims that now is the
time to purchase bitcoin since "Bitcoin is suffering due to external macro
factors." The BTC price should be able to increase, he continues, "if macro
conditions improve and the regulatory environment gets better."
The founder and CEO of Omnia Markets, Mitesh Shah, is one of the select
few who believes it is time to sell Bitcoin. Shah predicts that by the end of
2022, BTC will be valued $16,000. "The cryptocurrency industry is about
to enter uncharted terrain. Bitcoin will reach new lows not seen this year as
international traders sell off their holdings.
David Klinger, a co-founder of Spring Capital, believes it is time to sell and
projects that BTC will only be worth $2,000 by 2030.
For BTC, it ought to have been the ideal storm. Market volatility, more
institutional adoption and access via ETFs, and more widely acknowledged
custodial solutions have all occurred. BTC will continue to decline due to
its high mining costs, widespread usage for illegal activities, and lack of
any underlying value.
When the mining incentive for Bitcoin is halved, or reduced by half,
Ruadhan O from Seasonal Tokens makes an intriguing remark in the
holding area. "The halvings in the pace of production, which occur once
every four years, are the reason why Bitcoin's price follows a predictable
four-year cycle." He predicts that the price would "probably rebound
modestly between now and the 2024 halving, because that's what happened
in past cycles," based on historical trends.
It's time to hold, according to Dimitrios Salampasis, Director, Master of
Financial Technologies and Lecturer of FinTech Innovation and
Entrepreneurship at Swinburne University of Technology, who also points
to greater external pressures on Bitcoin.
Recent events have demonstrated that Bitcoin is vulnerable to externalities,
and the larger corporate, regulatory, and economic environment is greatly
influencing the already volatile value.
Do you believe that the price of BTC is now too high, too low, or just right?
Only 19% of the participants in our panel (finder.com) think Bitcoin is
overvalued. While the majority (56%) think BTC is underpriced, only 25%
say the present price is reasonable.
Aaron Samsonoff, co-founder and chief strategy officer of InvestDEFY
Technologies, believes that BTC is undervalued because it represents a
hedge against currency depreciation rather than inflation.
He continued, "Debasement leads to inflation and will further reduce
buying power.
BTC is expensive, according to Associate Professor of Decentralized
Finance at Nottingham Trent University Jeremy Cheah, and no longer
serves as a hedge, he claims.
Bitcoin has lost its ability to act as a hedge and has evolved into a popular
alternative investment, making it vulnerable to significant global events and
macroeconomic conditions.
The majority of panelists (53%)—including Cheah—believe that the price
of Bitcoin will continue to be closely correlated with high-growth tech
stocks. 32% of the panelists believe that this association will eventually
disappear.
What would a Bitcoin Merge success mean?
We asked our panelists how the Ethereum Merge would effect Bitcoin and
its price now that it has been finished.
The Merge, according to DigitalX's Alex Nagorskii, will be good for
Bitcoin. While both Bitcoin and Ethereum are part of the same crypto
ecosystem, their value propositions are fundamentally different. The overall
system's success is advantageous to all parties.
A similar opinion is held by Yves Longchamp, head of research at SEBA
Bank. Overall, it's good news for the crypto community. Ethereum and
Bitcoin do not compete since they provide distinct value propositions.
On the other side, Natalia Zakharova from FXOpen believes that because of
the Merge, Ether will overtake Bitcoin in popularity. According to
Zakharova, "Ethereum's market cap will probably overtake BTC."
When do you believe Ethereum's market cap will exceed Bitcoin?
A small minority of our panelists (6%) think this may occur sometime in
2023, while 23% predict it will happen the next year. Some members of our
panel (13%) believe it might happen in 2025, while others (12%) believe it
won't happen until 2026 or later.
Pedro Febrero, vice president of web3 at RealFevr, predicts that Ether will
surpass Bitcoin in market valuation in 2025, but he is still optimistic about
Bitcoin as a whole.
"Bitcoin continues to be the biggest cryptocurrency, both in terms of market
capitalization and price. Therefore, even though it will probably lose market
share to other cryptocurrencies, it will still outperform the majority of non-
crypto assets. The fact that Bitcoin is the least volatile of all the
cryptocurrencies can convince new players to invest in it.
However, 46% of panelists, including Robby Chang, CEO and director of
Gryphon Digital Mining, don't think Ether's market valuation will ever
overtake Bitcoin.
Chang contends that the two cryptocurrencies have different use cases and
adds that "there can be two successful large cryptocurrencies," which is
similar to what Longchamp and Nagorski have said.
Do you believe that Bitcoin's dedication to proof of work will impede
significant reductions in the energy used by cryptocurrencies?
In a study published by the White House, it was claimed that bitcoin mining
hinders US efforts to mitigate climate change. The focus is currently on
Bitcoin because Ethereum switched from mining to staking following the
Merge.
The majority of our panelists (58%) do not believe that BTC's insistence on
proof of work would impede efforts to combat climate change, whereas
27% do. Only 15% were uncertain.
Finder.com Methodology
In the period from late September to early October 2022, Finder polled 55
fintech experts. The amount of replies varies every question because
panelists are free to respond to as many or as few, and 51 panelists
predicted the price of bitcoin. Some cryptocurrencies, such as BTC, may be
owned by the panelists. Each price is expressed as USD per Bitcoin.
The technique has changed: This study was done in 2021 using the simple
mean of all responses given to Finder. To get a more consistent outcome,
starting in 2022, we shifted to utilizing the truncated mean, which
eliminates the top and bottom 10% of replies. The shortened mean has also
been used to recalculate any 2021 outcomes that were previously cited in
this research.
Experts at CryptoNewz have predicted the price of bitcoin for 2023.
According to CryptoNewsz, Bitcoin's (BTC) price will surpass US$ 70,000
in 2022 and remain constant at that amount.
Additionally, according to the website, this year's lowest Bitcoin price
would remain around US$65,000. Analysts predicted that in 2023, the price
of bitcoin will reach a peak of about $72,000.
Expert Prediction for Bitcoin Price in 2024 According to CryptoNewsz,
Bitcoin will start its trip in 2024 by averaging US$ 78,000.
In 2024, the highest transaction value for bitcoin would be about $85,000.
Along with other cryptocurrencies, the price of Bitcoin tends to rise sharply
in 2024 compared to the previous year.
Bitcoin Price Prediction by Experts for 2025
According to changelly.com, the price of BTC will increase much more in
2025. The website projects that Bitcoin will trade at an average price of
US$ 124,520.58 and a maximum price of US$ 137,071.13.
However, Business2community is less optimistic about the surge in BTC
prices and projects that they will reach US$ 80,000 by the end of 2025.
Bitcoin Price Prediction by Experts for 2026
The experts at Priceprediction.net estimate that in 2026, the price of Bitcoin
will range from a high of US$ 214,232.74 to a low of US$ 181,308.21, with
an average price of US$ 186,289.04.
Ambcrypto, meanwhile, believes that Bitcoin has additional potential and
projects that the average price will conclude 2026 at US$ 274,279.582.
Bitcoin Price Prediction by Experts for 2027
BTC will start the year at an average price of US$ 280,279.966 and
conclude the year at US$ 369,103.045, with a minimum and high of US$
343,265.831 and US$ 394,940.257, respectively, according to ambcrypto's
price projection.
On the other side, Priceprediction.net forecasts that the price of BTC will
fluctuate between US$ 260,604.85 and US$ 306,558.57 in 2027.
Bitcoin Price Prediction by Experts for 2028
According to research and analysis by technewsleader, the price of one
bitcoin might reach US$ 386,385.43 in 2028, with a predicted average price
of US$ 319,069.36.
Priceprediction.net, on the other hand, is more upbeat about the
performance of BTC. According to the website, the coin price would rise to
a minimum of US$ 374,918.77 and a maximum of US$ 454,445.60 in 2028.
Bitcoin Price Prediction by Experts for 2029
According to a research by technewsleader, the maximum price of bitcoin
will increase to US$ 527,917.79, with an average price of US$ 477,253.81.
While ambcrypto forecasts a minimum price of US$621,639.884 and a
maximum price of US$715,220.082 for Bitcoin.
Bitcoin Price Prediction by Experts for 2030
Priceprediction.net predicts that the price of BTC will likely average US$
798,474.46 and have a maximum potential of US$ 937,274.64.
Ambcrypto too appears to be highly optimistic about the price of Bitcoin.
The site's analyst believes that the price of BTC can rise to at least US$
836,552.147 and as much as US$ 962,484.728.
Trading Education's Bitcoin Price Prediction (A Global Financial
Education)
According to our projections, a long-term rise in price is anticipated; the
forecasted price for 2027-04-03 is 159831 US Dollars. The anticipated
income after a 5-year investment is roughly +277.78%. In 2027, a $100
investment now might be worth up to $377.78.
WalletInvestor
The price of Bitcoin will reach $50,000 by the end of 2023 and then
$100,000 by the middle of 2026, according to the most recent long-term
estimate.
Coin Price Prediction
In 2023, it is expected that the price of one bitcoin would at least reach
$79,934.45 USD. By 2023, the average price of Bitcoin will be $82,152.51,
with a maximum price of $95,652.26.
DigitalCoinPrice
Our prediction algorithm projects the asset's future price to be
$75463.391547875 (74.781%) after a year. As a result, if you were to invest
$100 now, it may be worth $174.781 on April 11, 2023.
Gov Capital
In 2025, it is expected that the price of Bitcoin will at least reach
$126,275.76. 2025 will see an average price of $129,850.71 for Bitcoin,
with a maximum price of $151,738.14.
ICOcreed
The average Bitcoin price prediction for April 2023 is $38,520.531. The
anticipated lowest price is $32,742.452 and the maximum price is
$48,150.664.
TradingBeast
Investing in cryptocurrencies is very risky and uncontrolled in various EU
nations. no safeguards for consumers. Profits tax may be imposed.
Price Prediction for Bitcoin (BTC): 2022 to 2030
Many BTC investors cling on tightly to their BTC, believing that a long-
term investment in BTC is the superior choice. This is in line with our
Bitcoin price projection, which predicts that BTC will climb in value by
almost 275% in only three years, reaching $63,000 by the end of 2022,
$74,000 in 2023, and a mean price of $156,117 by 2025.
In addition to examining Bitcoin's past pricing, it's important to consider
what influences price changes and how Bitcoin is valued. Then, you may
take them into account while making your forecasts for the price of bitcoin
and responding to the query "should I buy bitcoin?"
The price of bitcoin is greatly influenced by supply and demand, much like
any scarce resource. When the demand for new tokens exceeds the supply,
as it frequently does following a Bitcoin halving, the price of Bitcoin rises,
giving rise to what some investors perceive as artificial inflation.
Once the maximum amount of Bitcoins have been issued, this component
will have a less variable impact. But according to current projections, this
won't happen until close to the year 2140.
When it comes to pique investor interest in cryptocurrencies, media
coverage is also crucial. Back in 2017–2018, a media frenzy was partly
responsible for the resurgence of interest in BTC (along with the rest of the
crypto industry). Greater people started investing as the increasing prices
attracted more media attention. As a result, there was an imbalance between
supply and demand, which drove up the price of bitcoin.
We witnessed this once more before the end of 2020. When the online
payment system PayPal announced that users will be able to hold BTC in
their PayPal wallets, Bitcoin shot to the top of the news cycle and many
would-be investors finally decided to add BTC to their portfolios. Concerns
that Bitcoin was too impractical to compete with fiat currency were allayed
by the reality that it was finding more and more practical applications.
Market competition is another aspect that may have an impact on the price
of bitcoin. Traders may begin concentrating on alternative cryptocurrencies
when brand-new altcoins hit the market or when already popular
cryptocurrencies begin to draw increased amounts of investor interest. This
is especially accurate in the case of Bitcoin Cash. Many individuals think
that the third-generation cryptocurrency known as the Bitcoin hard fork,
which was created to address some of the issues that afflict the original
Bitcoin (BTC), is superior than BTC.
The good news is that compared to other altcoins, Bitcoin is far more
resistant to market competition. Even though new cryptos could be
technically more reliable or scalable, it hasn't lost its position as "digital
gold" in more than ten years. The price of Bitcoin frequently predicts
similar moves in the sector as a whole. While the contrary doesn't seem to
be true, several observers have observed that bullish or bearish BTC runs
are closely matched by other cryptocurrencies.
Next comes regulation. The world of cryptocurrencies has historically been
largely uncontrolled, but it is now coming under tighter government
supervision as a result of mounting pressure. Long-term uncertainty is
resulting from this, since some investors fear additional laws would reduce
interest in Bitcoin (and other cryptocurrencies). This may be the outcome of
new regulations or potential tax initiatives in the future.
The goal of the Bitcoin halving, sometimes referred to as "halvening," is to
limit the amount of Bitcoin tokens in circulation and increase the currency's
scalability.
The halving is scheduled to happen whenever 210,000 new blocks are
added to the network, or about every four years, because the total quantity
of Bitcoin is limited to 21 million. The reward for mining new Bitcoin
blocks is cut in half as a result of this procedure, which slows the rate at
which the supply will be exhausted. 90% of all Bitcoins are already in use,
and current projections indicate that by the year 2140, there will be 21
million in circulation.
Following the 2016 Bitcoin price halving, the price of BTC rose by an
astounding 93% for the remainder of the year. Investors predicted that if the
cryptocurrency followed a similar trend once more, the price of Bitcoin
might realistically go to over $15,000 by the end of the year before the last
halving in 2020. And indeed, we did!
Bitcoin has a lot of potential as a long-term investment or a short-term
investment (one year), taking into account all factors (including the
drawbacks) (five to 10 years). Here are our estimates for the price of bitcoin
from 2022 to 2030.
2022 Price Prediction for Bitcoin (BTC)
Bitcoin will probably have a resurgence in 2022 as it bounces back from its
dip at the start of the year. BTC/USD can break beyond the $60,000
threshold and rise to a median of $63,748 by the end of 2022 as it gains
pace. Our short-term BTC price forecast for this time frame projects a high
of $65,238 and a low of $32,522.
2023 Price Prediction for Bitcoin (BTC)
Bitcoin will continue to be marketed in novel ways to prospective investors
who have never previously purchased cryptocurrency by the expanding
crypto industry. Our short-term Bitcoin price projection indicates a high of
$79,833 starting in 2023 at either $63,500 or $64,500, and if BTC performs
poorly, we can witness a low of $44,607. Bitcoin can end 2023 at $74,712
and reach an average yearly price of $71,045.
2024 Price Prediction for Bitcoin (BTC)
The block reward is half, and the price of bitcoin will most definitely
decrease in 2024. At the beginning of 2024, Bitcoin will surge upward and
reach a new high of $98,506 dollars. According to our predictions, Bitcoin
will maintain an average price of $86,400 and might reach a low of
$57,653. The price of BTC at year's end in 2024 will be $84,741.
Should I, then, invest in Bitcoin? According to our short-term
cryptocurrency forecasts, the coming few years will see a steady rising
trend. The range of estimates for 2022 to 2024 is wide, from $32,522 to
$98,506. Check out the Bitcoin price forecasts for 2025 to 2030 if you
believe that Bitcoin will perform better in the long run. What could long-
term Bitcoin price projections tell us?
2025 Price Prediction for Bitcoin (BTC)
The halving of Bitcoin in 2024 will probably be fully felt in 2025, which
might perhaps spark another bull run. The price of Bitcoin can increase to a
maximum of $205,033 and then drop to $179,021 by the end of the year if it
manages to maintain an annual low of $88,361 for 2025. Our long-term
Bitcoin price projection predicts that BTC/USD will rise 234% from the
start of 2022, securing an average of $156,117 in 2025.
2026 Price Prediction for Bitcoin (BTC)
By 2026, it's conceivable that Bitcoin miners will cease selling their
currency, greatly increasing the asset's scarcity and sharply increasing its
value. Our estimates put the price of Bitcoin at a high of $285,621, a low of
$111,784, and an average of $263,307. Our Bitcoin price forecast for the
end of 2026 shows that BTC will be valued $267,895.
2027 Price Prediction for Bitcoin (BTC)
By the time Bitcoin has established itself as a reliable investment by 2027,
institutional investors will start buying it like there's no tomorrow. Our five-
year Bitcoin price forecast indicates that BTC will start 2027 at $266,427
and that it may drop to a low of $248,656 before rising to a maximum of
$570,452. Bitcoin will be worth an average of $461,118 at the end of 2027.
2028 Price Prediction for Bitcoin (BTC)
A purchasing frenzy may begin if Bitcoin surpasses gold as a store of value
by 2028. Our projections indicate a long-term rise in the price of
BTC/USD, with the maximum estimate at $873,955 and an estimated
yearly average of $733,289 Our estimate for the price of Bitcoin in 2028 is
$496,078. It will also refuse to drop below that amount.
2029 Price Prediction for Bitcoin (BTC)
In 2029, a growing number of businesses start taking Bitcoin as a form of
payment, enhancing its usefulness. Our 2029 Bitcoin price forecast shows
that Bitcoin will be worth a maximum of $1,00,426 and a minimum of
$684,256. At its closing price of $912,845 in 2029, bitcoin will generate an
annual average of $789,813.
2030 Price Prediction for Bitcoin (BTC)
As whole nations start to recognize Bitcoin as legal cash in 2030, the price
of the digital currency may soar to astronomical proportions. By 2030,
Bitcoin is predicted to increase 1,656% over its all-time high of 2021, or a
maximum of $1,208,396. In addition, we forecast a record low of $900,839,
a yearly average of $1,010,923, and a respectable $1,137,136 by December
2030 for the price of bitcoin.
Where is Bitcoin anticipated to go? Our forecast for the price of bitcoin in
2030 indicates an all-time high of $1,208,396. What do you think?
Bitcoin's Potential Highs and Lows (BTC)
In a world where climate change is a growing problem, Bitcoin's energy
usage is the most crucial issue that has to be resolved. (On that topic, it's
crucial to take into account the possibility that the system that Bitcoin may
replace uses more energy than BTC.) Miners will need to have access to
greener energy sources for this to happen.
Another barrier is regulation, although given Bitcoin's scale and impact
right now, it doesn't seem probable that authorities will be very hostile to it.
Even so, it won't be a completely clean procedure because they will
probably still want to demonstrate their authority.
For Bitcoin to be genuinely useful, it has to figure out how to expand and
speed up its service (without compromising security and decentralization).
Most likely, this won't happen, but it won't necessarily have an effect on
Bitcoin's price because it has already established itself as a store of wealth
and doesn't need to be very useful. Most likely, other cryptocurrencies will
step in to complete daily, routine transactions.
NextAdvisor's Prediction on the Price of Bitcoin
Predicted Bitcoin Price for 2023: $38,000 to $100,000
After falling from its most recent all-time high in November, the price of
bitcoin was simple to anticipate at $100,000 late last year. The prediction
game has become much more difficult after bitcoin's significant decline.
As of November 2021, Kate Waltman, a certified public accountant
specializing in cryptocurrency with a base in New York, predicted that
bitcoin will reach $100,000 in Q1 2022 or earlier.
However, analysts currently believe that bitcoin will fall far short of the
$100,000 threshold in 2023. According to Jurrien Timmer, head of global
macro at Fidelity Investments, it is more probable that bitcoin will be in the
$40,000–$50,000 area in the upcoming year.
I know how much bitcoin is worth and how much it will be worth in the
future, he claims. Bitcoin would appear much better at $30,000 than at
$70,000 if the demand model predicts that its intrinsic worth will be
$50,000 today and $100,000 in two years.
According to a poll of almost 4,400 Americans conducted by intelligence
firm Morning Consult, cryptocurrency investors anticipate bitcoin will
rebound to about $38,000 by the beginning of 2023. Similarly, Chris
Brendler, senior research analyst at D.A. Davidson, believes that by the end
of this year and by the end of 2023, bitcoin will be valued at least $38,000
and $50,000, respectively.
A $100,000 price prediction for bitcoin in 2025
Bitcoin can still increase to $100,000 or more, as many experts projected in
the latter part of last year, according to crypto experts, albeit more slowly.
According to Kiana Danial, founder of Invest Diva and author of
"Cryptocurrency Investing For Dummies," "What I foresee from bitcoin is
volatility [in the] short-term and growth [in the] long-term."
According to Timmer, investors may anticipate a "very sustainable"
increase in bitcoin's long-term value driven by natural market growth, with
the $100,000 level being reached by 2025. In a world where financial
repression is still present, he argues, "I remain enthusiastic about bitcoin as
an aspirational store of wealth."
By 2025, according to Bloomberg commodity expert Mike McGlone, once
the bear market fades and cryptocurrency prices bounce back, the price of
bitcoin may still reach $100,000. Bitcoin is anticipated to reach at least
$100,000 by 2025, according to a panel of more than 50 cryptocurrency
experts assembled by Finder.
"It's only a matter of time. In a June interview with Kitco News, McGlone
remarked, "That's just gauging, supply by code is going down, demand and
adoption are increasing up.
Price forecast for bitcoin in 2030: between $150,000 to $12.5 million
Many experts prefer to focus on the pattern of bitcoin's value rising over
time rather of making specific numbers and dates predictions, especially
eight years in the future.
According to Robert Breedlove, founder and CEO of the digital asset
marketing and consulting firm Parallax Digital, bitcoin will be worth $12.5
million by 2030 as a result of rising interest in cryptocurrencies due to
inflationary pressures, which will cause the price of bitcoin to increase
more than originally anticipated. Breedlove, who is more of a philosopher
in the eyes of crypto aficionados, frequently discusses the greater societal
ramifications of using cryptocurrency as a more open, decentralized form of
money, but his price forecasts haven't exactly been accurate.
Although the timetable is uncertain, Token Metrics creator Ian Balina
believes bitcoin may reach a price of $150,000. According to Balina, the
introduction of fresh altcoins and the buzz around the metaverse will
continue to fuel demand for cryptocurrencies, which will eventually cause
bitcoin to recover.
Large financial organizations have also issued their own forecasts, with
JPMorgan projecting a long-term high of $150,000 and Bloomberg
forecasting it may reach $400,000 if the currency appreciates at rates
similar to earlier peaks.
Highs and Lows of the Predicted Price of Bitcoin
Volatility is the one thing that is sure when it comes to crypto investments,
therefore investors can anticipate more of it in the coming years. The price
of bitcoin fluctuated as high as $68,000 about a year ago, but it is currently
down around $25,000 again. In the coming years, the price of bitcoin might
fluctuate between these extremes:
CHAPTER 6
The Summary of the Forecasts and Authors View of the Future of
Bitcoin Price
The purpose of these evaluations is to understand and evaluate the opinions
of other experts on the topic, which will also act as a guide when making
decisions, rather than to confuse or place the crypto trader or investor in a
difficult situation.
It should be mentioned that factual information and precise statistics are
essential for making good forecasts. Additionally, this information must be
dependable enough to support market-related choices.
The aforementioned idea should serve as a guide for selecting what to do
with predictions made by experts and trading companies about the future of
bitcoin.
The price of bitcoin will undoubtedly increase over time, but given the
years under consideration, a projection should be made using correct facts
to help investors make informed choices.
As a result, the author
makes the following observations:
The price history of bitcoin from 2013 to 2022 is shown in the graph above.
Based on sophisticated trading principles and technical analysis, price
typically descends to the liquidity level after a price rally, as in the case
mentioned above, in order to capture liquidity at those levels by activating
some traders' stop losses, which gives it momentum for the subsequent
move up. This has occurred on several occasions in various currency
markets.
Consequently, as seen in the chart, the liquidity level is between $8,000 and
$10,000. At this level, there have been several price consolidations and
there is a significant amount of liquidity.
Price MUST drop to this point before rising once again. When prices reach
this point, there will probably be a variety of price consolidations that last
for months before a liquidity grab downward occurs and prices start moving
higher. This will probably occur for virtually the entire year 2023. As a
result, the price of bitcoin in 2023 will likely be more of a range market and
may not rise as much as some analysts have expected.
When this upward price movement begins, following some protracted
consolidation and liquidity grab, it is a clear sign that the price will rise
significantly and surpass the previous All-Time High (ATH),
This promotion might begin at the end of 2023 or the beginning of 2024
and run for the next two years, up to 2026. Following this price uptrend,
there will be another price pullback, consolidation, and liquidity grab at
another crucial market level, although this price won't be as low as the
previous one (i.e., it might not go below $10,000). At the prior low, this
price is most likely to consolidate.
The author's forecasts are supported by data on price behavior, market
structure, and the technical history of the price of bitcoin over time.
Action Recommendations
The author advises spot trading (buying long) at the lower level of the price
consolidation of bitcoin and then patiently waiting for the rise higher based
on the prognosis given above. Both novice and experienced traders will
benefit the most from this. Futures traders with excellent technical
understanding of the cryptocurrency market may also keep an eye on the
price and seize inexpensive possibilities in advance.
The second and most crucial thing is that I would highly advise buying
trustworthy shitcoins whose prices are influenced by the price of bitcoin.
(i.e., their costs fluctuate in line with the fluctuations in the price of
bitcoin.) In my book "Crypto Money Bank," which is also available on
Amazon.com, some of these trustworthy shitcoins have been categorized
and assembled. Most of these coins have seen increases of more than
5000%. They still have a long way to go, as evidenced by the fact that their
costs are still quite reasonable. These initiatives have undergone extensive
investigation before being deemed worthy of funding. Some of them may
be purchased for a few dollars in millions or billions of pieces, and over
time, as the price of bitcoin rises, they will produce a return of over
10000%. On this, the book gives more insight into this.
CHAPTER 7
Long-Term Price Predictions and the BTC Price Forecast
It is simple to understand why so many people are bullish on Bitcoin and
why Bitcoin price predictions can reach such high numbers, ranging from
thousands to even over $1 million per BTC, when taking into account all of
the significant price projections and forecasts from industry experts that
suggest Bitcoin will someday replace all currencies across the globe.
Cryptocurrencies are already well on their way to becoming widely adopted
and regularly used by the general public. The revolutionary technology has
spurred an entire industry targeted at undermining traditional finance.
Nowadays, Bitcoin is accepted almost everywhere and can even be bought
at grocery shops using Coinstar machines. It is now available through
PayPal, Venmo, and other payment methods including VISA. Businesses
and institutions are now investing in bitcoin.
Although it's never too late to buy in or trade Bitcoin and benefit from its
volatility, given the price forecasts in this book.
Given recent lows and highs as well as lows and highs forecasted by
analysts and professionals in the field, it is simple to understand how taking
a short or long position employing 100x leverage to trade the erratic price
fluctuations of Bitcoin may be very profitable—even more profitable than
investing.
The chance to make money has never been better as Bitcoin prepares to go
into yet another bull run. It's never too late to start trading Bitcoin because
the price is predicted to hit $100,000 to $1 million per BTC.
Disclaimer: Cryptocurrencies are complex, risky, and speculative; they are
also quite volatile and susceptible to secondary activity. Performance is
unpredictable, and previous success does not ensure future success. Before
depending on this information, take into account your personal
circumstances and seek your own counsel. Before making any decisions,
you should also confirm the specifics of any product or service (including
its legal status and any regulatory requirements) and examine the websites
of the appropriate regulators. There may be holdings in the cryptocurrencies
mentioned by Finder or the author.