Bitcoin price prediction 2024

Bitcoin’s predictions may be a little flawed, but there is widespread optimism that it is still the world’s largest cryptocurrency.

Bitcoin predictions: what do investors think?

If even 5-6 months ago, analysts and experts who are not afraid to call the planned cost of Bitcoin above $ 20,000 were considered too optimistic, now many investors regret that they did not listen to them.

At the time of writing, the coin has broken another historical high and the mark of $ 40,324. But this is not the most important thing. After all, most experts and analytical platforms based on artificial intelligence consider this only the beginning of the real growth of the digital currency.

Let’s look at the main assumptions about the Bitcoin exchange rate for the next year:

The European Business Review 

According to business intelligence magazine, we should expect growth to reach 100K by late 2021. So, it could be the minimum, hence, optimistic expectations are much higher. Let’s see if this is a common opinion.

The Economy Forecast Agency (EFA) 

This independent agency has published its price forecast for the crypto scene’s main figure for 2021 and beyond. In their opinion, December of this year will lead Bitcoin to a value of at least $ 132,000. That is, more than 227% of the profit can be obtained if you invest in the coin now.

Citibank

Wall Street, it seems, can no longer continue to ignore such a major player. And a couple of months ago, it became known about the results of Citibank’s analysis regarding the development of Bitcoin. Experts confidently declare the possibility of the coin to overcome the $ 318,000 mark before the beginning of 2022.

We could cite dozens of more reports on Bitcoin exchange rate forecasts for 2021, but almost all of them (with a few exceptions) one way or another,  predict a significant increase in the financial “weight” of the currency. So we are looking forward to seeing which of these figures are implemented over the next 12 months. The past year has shown that Bitcoin can exceed the wildest expectations.

However, it is also important to understand what experienced investors think about the current situation around the global crypto favorite.

At the moment, investors are cautiously looking at the enchanting forecasts of the Bitcoin price. According to Genesis Mining surveys, only about 50% of people believe that the coin is waiting for significant price records in the near future.

However, interest from banks, global financial institutions and major players make more and more convinced that the currency has an excellent chance of success. The unstable global situation in the economy has made cryptocurrencies a more reliable alternative to the dollar. And if earlier experts predicted this as a temporary measure, then the” legalization ” of Bitcoin is likely to approve it on a permanent basis.

How long is it left until the dominance of digital currencies in the world? It seems that this day is getting closer.

Was bitcoin price prediction 2023 correct?

$20,000 – this figure was the most popular in Bitcoin price forecasts for 2020. Even in March, when the crypto market was reeling, many confidently expected the price to rise to this level. And those who were not afraid to invest in the currency at that time, at the moment, have gained a profit up to 715%.

Back in September, we wrote that YouTuber MMCrypto predicts that Bitcoin will almost double from its price today of over $10,000 to hit its prior all-time high by the end of this year. As you know, the forecasts were more than justified.

Of course, there were often those who expected the collapse of Bitcoin and all cryptocurrencies in general. It should be noted that such assumptions are more like fears from ignorance of the technology and the scale of its development. Also, do not forget that the volatility of currencies is high in comparison with traditional assets. And the flash of Bitcoin’s growth, and then the decline in its price after 2017, left someone with a negative perception of the cryptocurrency.

But what is important for us is the current situation, constant monitoring of information and studying the opinions of experts that we have collected for you in this article.

Bitcoin price still jumps today

In recent months, we have seen an upward trend in the growth of the Bitcoin exchange rate. Once every few days, we consistently get news headlines that the coin has broken another record value. And every day, analysts, based on economic indicators, are more and more confident that this is just the beginning.

A variety of reasons has shaken the stability of state currencies and even the dollar. Digital coins,  especially the most famous and authoritative of them, have become a kind of insurance options. But the most interesting thing is that even such financial giants as Citibank began to connect to it or at least look closely.

Against the background of confident talk that the Bitcoin exchange rate will increase at least 3 times during the year, more and more people are showing interest in it. Even those who were far from investing and even more so crypto-investing. It also has a positive effect on the cost.

The fear of instability of digital coins is offset by the trust of an increasing number of serious economic experts worldwide. Even Wall Street has exchanged its skepticism for undisguised interest. We are sure that Bitcoin will surprise us in the coming years.

Long-Term Bitcoin Price Predictions

The Economy Forecast Agency (EFA)analysts concluded, based on its algorithms, that by 2025 the exchange rate will vary between $ 205,842 and $ 255,491. 

Ali Mizani also made a Bitcoin price prediction for 2022, he is sure that it will be in the range of $ 200k to $ 300k. It should be noted that his forecast for 2020 came true very accurately. So we would listen to his suggestions. After all, he also managed one of the most profitable portfolios of cryptocurrency assets in history.

Co-owner of Golden State Warriors and founder of Social Capital, Chamat Palihapitiya has long been a firm believer in digital currency. His Bitcoin price prediction for 2040 is about $1,000,000 per coin. And he is absolutely sure of it.

Bitcoin price prediction 2050 is a very, very long-term prospect. During this time, a huge number of changes can occur, completely new technologies can appear that will change the rules of the game. However, in the case of proper development of the blockchain and its introduction into everyday financial life, by 2050, Bitcoin can reach several million dollars as the main currency of the digital world.

For those who are not familiar with the technology of the blockchain and cryptocurrency, these numbers may seem fantastic. However, given the development of technologies and the expansion of the blockchain’s scope of application, it gives more and more prospects to digital currencies. Traditional currencies and financial institutions will most likely not be able to maintain monetary turnover in the coming years. They are being replaced by a new era of digital coins.

Therefore, in long-term Bitcoin prediction charts, the values do exceed $ 1,000,000 for 1 bitcoin. Let’s find out the opinions about Bitcoin prediction of leading experts.

We gather Bitcoin Price Predictions from Experts

Chamath Palihapitiya is the Founder of Social Capital and Co-Owner of the Golden State Warriors, who owns, according to some reports, up to 5% of all Bitcoin in circulation, believes that in the next 15 years we should expect growth to at least $ 1 million.

Do you think this forecast is too inflated? Let’s see what figures Wences Casares, who is the Founder and CEO of Xapo, mentions. He believes that the coin will overcome the same mark 10 years earlier – that is, in 2027.

Jeremy Liew – one of the world’s most successful investors-was more modest in his assumptions. In his opinion, by 2030 we will see the price of the coin exceed $ 500,000. However, he predicted this 3 years ago. Perhaps he is much more optimistic now.

Bitcoin price prediction today

To date, most of the forecasts of Bitcoin are positive. This is not only due to recent events. Almost all long-term forecasts of the main cryptocurrency exchange rate were positive, but there were many fears and doubts due to the skepticism of traditional financial institutions and investors’ priorities towards traditional currencies.

2020 was a turning point and full of surprises. It has greatly changed not only the usual life but also the global economy at all. And the results of these events are yet to be seen. In particular, this concerns the change of focus of the main investors and players of the financial world.

Cryptocurrencies have ceased to be outsiders and judging by recent events, they are gaining more and more weight in order to make a kind of revolution in the financial system in the future. And this is not bad, since it is a reflection of time.

Bitcoin rises as ‘digital gold’ invest in the cryptocurrency

2020 only gave a boost to digital assets. The main events are waiting for us ahead. And most experts, analysts and traders are sure of this. Bitcoin is currently showing tremendous results, which can hardly be called a miracle. The relevance of blockchain technology, the digitization of life, the development of technology leads to the fact that Bitcoin is not a strange and risky alternative to fiat currencies.

Digital money is now rather the only possible option for the transformation of financial systems. Only they will be able to provide money turnover in the digital world.

Our Bitcoin price prediction tool

You can monitor the currency exchange rate, analyze it and compare the prediction data with the real behavior of the coin value on the Bitcoin (BTC) exchange rate page.

First of all, on the page, you will see the main indicators for the currency: the current exchange rate, market capitalization and daily volume.

Next, you can see a chart of the exchange rate price fluctuations over time. First, you can visually assess the dynamics of changes in the price of the coin. The days are indicated on a horizontal axis, and the currency exchange rate is indicated on a vertical axis. you can also select any date to view the main data for that day: highest price, lowest price, fluctuations for that day, volume, etc.

You can also click on the “three dots” icon at the top of the chart to change its settings, display format, add and hide indicators. Set the course schedule to Godex.io just as you like.

FAQ

What will Bitcoin be worth in 2030?

If you study the information and collect a lot of forecasts of the currency price by the end of the current decade, you can see completely different figures. But the most important thing for us and for you is that most large and reputable experts are confident in the enormous growth of the price of Bitcoin.

From $ 200,000 to $ 1,000,000. Moreover, these are the assumptions of very experienced investors and reputable analytical centers that build their forecasts based on artificial intelligence.

How many Bitcoin tokens are left?

21 million is the limit on the number of Bitcoin coins that can ever be reached. No more tokens can exist. However, at the moment 2,404,381 bitcoins are left. You can mine them, although now this already requires large capacities.

Can I invest $100 in Bitcoin?

The cost of 1 bitcoin exceeds $ 40,659. But this does not mean that you need this amount to invest in the most promising digital currency. You can buy less than 1 bitcoin for the amount you are willing to invest. It could be $ 100. If you do this today, you can double or even triple your investment by the end of the year, according to Bitcoin price prediction 2021.

Disclaimer: Please keep in mind that the content of this article is not financial or investing advice. The information provided is the author’s opinion only and should not be considered as direct recommendations for trading or investment. Any article reader or website visitor should consider multiple viewpoints and become familiar with all local regulations before cryptocurrency investment. We do not make any warranties about reliability and accuracy of this information.