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Bitcoin Price Prediction: How High Can Bitcoin Price Go?

The Greatest Crypto FOMO: Bitcoin Price Prediction.
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It’s safe to say that Bitcoin price prediction is a powerful tool in an investor’s toolkit. Not only can it help you stay in sync with the market, but also it can ultimately improve the effectiveness of your decision-making process. Furthermore, BTC price predictions can be applied in various scenarios. In this article, we will take a historical deep dive into Bitcoin price predictions and whether they have come true. Additionally, we will take a look at some of the future Bitcoin price predictions for 2025, 2030, 2040 in the market today. Let’s get started!

bitcoin price prediction

What is Bitcoin Price Prediction?

Bitcoin price prediction is the art of trying to determine the future price of Bitcoin based on some of its characteristics. Some of these characteristics include factors such as demand, current market trends, historical prices, etc. This is because, in price prediction, the price is affected by several dependent variables. It’s the same way the price of pizza is dependent on the size of the pizza and the ingredients used.

In some circles, Bitcoin price prediction is also referred to as Bitcoin price forecasting or Bitcoin predictive pricing. The reason why it has become extremely popular is that a successful Bitcoin price prediction could result in significant profit. This is why a lot of analytical institutions are spending significant capital to build systems capable of finding patterns in Bitcoin data and forecasting BTC future prices. Usually, the model with the highest accuracy is the one that gets favored over the majority.

btc price prediction

Bitcoin Price Prediction: End of 2021

Now that we are familiar with what Bitcoin price prediction is, let’s take a moment and take a look at some BTC price predictions for the end of 2021. There is no doubt that Bitcoin’s price has risen significantly throughout the year. Therefore, a lot of Bitcoin analysts predict that the price is bound to hit $100,000 by the end of the year. A pseudo-anonymous analyst who goes by the name “Plan B” correctly predicted the price of Bitcoin in September and came absolutely close in October as well.

Plan B predicts that Bitcoin’s price will hit $98,000 this month (November) and end the year at $135,000. Standard Chartered also predicts that Bitcoin is well on its way to hitting $100,000 by the end of 2021. CoinList CEO, Graham Jenkin, shares the same sentiments in an interview with CNBC where he says:

” Most of the folks at CoinList will bet that we’re at $100,000 by the end of the year”

Nick Spanos, crypto investor and founder of Zap Protocol, also shares the same sentiments and predicts that Bitcoin will approach an all-time high of $100,00 by year-end.

Bitcoin Price Prediction 2025

Bitcoin Price Prediction 2025

As Bitcoin continues to soar in value, trust, and usability, analysts are extremely bullish regarding Bitcoin’s price in 2025. Most Bitcoin price predictions 2025 claim that by then, Bitcoin will have dethroned gold as a safe-haven king. Others are convinced that by then, hyberbitcoinisation will have already taken place, or at least begun to take place. Hyberbitcoinisation refers to when Bitcoin takes over global finance. However, the majority agrees that due to increased demand coupled with diminishing supply will indeed lead to a higher price tag in 2025. 

In a recent study by Finder, a panel consisting of 42 crypto experts revealed that they predict the price of Bitcoin to hit $318,417 by December 2025. In another prediction, Nominex Echange CEO Pavel Shkitin, predicts that in 2025, Bitcoin will have replaced gold as the global reserve asset. This will ultimately spark a bull market which will push BTC prices to as high as $500,000. Wave’s senior financial trader, Justin Chuh, predicts that Bitcoin’s price in 2025 will hit an all-time high of $210,000.

Bitcoin Price Prediction 2030

Bitcoin Price Prediction 2030

It is difficult to make a bitcoin price prediction 2030 given the uncertainty of what the future holds in the next 9 years. Despite this, a few crypto analysts have given their price predictions for Bitcoin in 2030. Bitcoin billionaires Winklevoss twins, have predicted that Bitcoin has the potential to reach $500,000 by 2030, which is at par with gold’s market cap. To them, Bitcoin is gold 2.0 which will disrupt gold in the future, by having a market cap of over $9 trillion.

The same sentiments are shared by Jeremy Liew, partner at Lightspeed Venture Partners and Peter Smith, CEO and co-founder of the Blockchain Bitcoin wallet. Andy Edstrom, wealth manager at WESCAP believes that it is possible for Bitcoin to become the world’s first default currency. His prediction is that Bitcoin market cap will hit a market cap of $8 trillion by 2030. This is almost near gold’s overall market cap which is estimated to be at around $9 trillion. This prediction places the value of each bitcoin at roughly around $400,000.

Bitcoin Price Prediction 2030

Bitcoin Price Prediction 2040

It’s crucial to understand that Bitcoin has a finite reserve. After 21 million Bitcoins are generated, no more coins will be mined. Current estimates predict that the last whole Bitcoin will be mined in the 2040s. Once all the coins have been mined, the value of Bitcoin will then depend entirely on supply and demand. In a survey conducted by comparison site Finder, 54% of the panellists involved revealed that they believe that Bitcoin will overtake fiat currency in a process known as “hyperbitcoinisation.”

The rest of the panellists (44%), believe that Bitcoin will lose out to central bank-issued cryptocurrencies. For instance, in China, plans are already underway to introduce a digital Yuan. The same thing is happening in Europe where plans are underway to introduce a digital Euro in the next few years. Wall Street firm Goldman Sachs is of the opinion that by 2040, there’s a high probability that Ethereum will have dethroned Bitcoin as the kind of cryptocurrency. The Bitcoin price predictions 2040 remain vaguely mixed.

Bitcoin Price Prediction 2040

BTC Price Prediction Long Forecast

2021 has certainly been a big year for Bitcoin. It has hit multiple highs and there’s regulatory talk that could have a big impact on the industry. Not to mention, spark massive buy-ins from major companies. Meanwhile, people’s interest in Bitcoin has skyrocketed, becoming a hot topic among investors. Since the Bitcoin market is still evolving, it’s difficult to predict where it’s headed in the long term. However, a majority of experts and analysts are still bullish on the Bitcoin price.

A majority of experts believe that in the long-term, Bitcoin is going to replace gold as the world’s de-facto store of value and hedge against inflation. This is largely going to be made possible by Bitcoin’s market cap surpassing that of gold. Others however remain a little skeptical of bitcoin’s long-term future. Some experts believe that at some point, Ethereum is going to dethrone Bitcoin and become the most valuable crypto. This “dethroning” will most likely be triggered by an increased interest in DeFi and NFTs.

Bitcoin Price Prediction Forecast – btc future price

What Was the Bitcoin Price Prediction 2015?

Adam Draper, Boost VC CEO & co-founder, predicted that Bitcoin’s price in 2015 would hit an all-time high of $1,500. He attributed this rise in price to Bitcoin volume growth. He stated that because the Bitcoin volume would quadruple, banks would have to release guidelines on how to bank a Bitcoin company. Adam also shared that great use cases for Bitcoin would be found too. Brian Armstrong, Coinbase CEO and co-founder gave a much higher prediction of $4,000 for Bitcoin in 2015.    

What Was the Bitcoin Price Prediction 2015?

What Were the Influencers and Top-Notch Investors Saying about Bitcoin in 2015?

Paul Krugman, the well-known cryptocurrency skeptic, gave his two cents about Bitcoin back in a 2015 roundtable discussion. According to Krugman, Bitcoin was a “libertarian ideology” bubble that was just waiting to pop and there was no need for anyone to hold it. He said:

“Bitcoin looks like it really is a bubble in multiple senses. Certainly, not a reason to hold that currency”

However, these sentiments were shut down by BitPay CEO, Sonny Singh. Sonny said:

“A year ago people didn’t know if Bitcoin was a fad, but today it’s for sure that it’s going to stay for a long time”

The major prediction for 2015 stated that Bitcoin was going to find more use-cases. According to Joseph Lee, BTC.sx CEO & co-founder: “Regardless of price, what we do know is that adoption is continuing. By Q4 of 2015, we will see more mainstream use cases and wider adoption.” Venture Capitalist Marc Andreessen shared the same sentiments when he said, “What to watch in 2015: New apps, new use cases, international adoption, consumer education, technological innovation, and spinoff ideas”.

What Investors think about Bitcoin price in 2015?

What Was the Bitcoin Price Prediction 2016?

Bitcoin price predictions for 2016 remained bullish with industry experts citing increased Bitcoin adoption and Bitcoin halving as major reasons for a price rise. Vinny Lingham, made a Bitcoin price prediction of $1,000 by the end of 2016. He attributed this new price point to the fact that more and more merchants were accepting Bitcoin and the ever-growing interest in bitcoin. Bobby Lee, BTCC CEO also gave his prediction which was $3,500 for 2016. A price he believed would be achieved thanks to the Bitcoin halving event taking place in 2016.

What Was the Bitcoin Price Prediction 2016?

What Were the Influencers and Top-Notch Investors Saying about Bitcoin in 2016?

There was common confidence among experts in 2016 that Bitcoin would continue to grow in the year 2016. One of the reasons shared was that in 2016, the mining reward for Bitcoin would be reduced. This had already happened before in November 2012 where the mining reward went from 50 to 25. Jeremy Miller, the partner at London-based Magister Advisors, said “It dampens supply so, all other things being equal, that puts upward pressure on price. No one can argue with that fundamental economic principle”.

Bobby Lee, CEO BTCC, shared the same sentiments arguing that the halving could lead to an 8x increase in Bitcoin price. He argued that it was possible for Bitcoin’s price to reach as high as $3,500. He said:

“For such an innovative, decentralized digital asset, I say ‘boy, we are undervaluing it.’ But it takes a while for people to realize that”

Patrick Dugan, Omni Foundation CFO at the time added:  “We’re in the eye of the storm of an extremely bullish wave that will eclipse the previous one before going to an even larger triangle consolidation”.

btc price prediction long forecast

How to Forecast Bitcoin Price?

Unfortunately, unlike traditional financial vehicles, Bitcoin prices are very unpredictable. It’s hard for anyone to make a precise price prediction. However, occasionally, these Bitcoin price predictions do eventually come to pass leaving a lot of people with questions as to how these industry experts make such price predictions. The truth is, there is no one way to correctly predict the price of Bitcoin. Every single market analyst has his/her own way of predicting Bitcoin prices. A majority of them rely on machine learning to predict their prices.  

How to Forecast Bitcoin Price?

What Drives Bitcoin Price or What Affects Bitcoin Price?

If you’ve been an avid fan of Bitcoin since its inception, then you realize that Bitcoin came a long way from a value of less than a dollar to its current high of over $60,000. With that said, Bitcoin is not regulated by any government, group, or organization. It’s completely decentralized. Therefore, its value is determined by a number of factors. These factors include:

  • Bitcoin Supply and Demand

Currently, there is over 18.587 million Bitcoin in circulation. With the total supply capped at 21 million, it means that already 88.5% of total Bitcoins are in supply. Couple this with the rising demand for Bitcoin and you will realize that these two factors push up the value of Bitcoin. The higher the demand, the higher the price.

  • Regulatory Developments/Measures

Regulatory measures and developments have both good and bad effects on the price of Bitcoin. For instance, some regulatory developments can make it favorable for investors to invest in Bitcoin. Therefore, pushing the prices of Bitcoins up. Others, however, such as those imposed by China, have detrimental effects on the price of Bitcoin.

What Affects Bitcoin Price?

  • Cost of Production

You have probably heard the news that it’s becoming extremely expensive to mine Bitcoin. Mostly because of the associated high cost of electricity. Ultimately, the high cost of mining new Bitcoin coins has significantly lowered the profit margin for miners. Basically, the higher the expenses, the higher the cost of production. Therefore, the higher the price.

  • Competition

There are currently over 7,000 cryptocurrencies in the market with each coin competing for attention from investors. Bitcoin has leverage over all other coins as it receives more attention and visibility from a majority of investors.

What Drives Bitcoin Price

How is Bitcoin Price Determined?

As reiterated earlier, Bitcoin’s decentralized nature has left many people skeptical about its price valuation. Bitcoin doesn’t have any government or asset backing and neither does it follow the monetary policies of governments. However, it does portray some attributes of a fiat currency system. For starters, it’s easily divisible into smaller units known as Satoshis and can be scarce. It’s also extremely challenging to counterfeit. But that’s about it, the same factors that influence the value of fiat currency do not influence the value of Bitcoin.

So this brings us back to the question; how exactly is the Bitcoin price determined? Bitcoin prices are determined and influenced by a number of factors. These factors include:

  • The demand for Bitcoin and the overall market supply
  • The overall cost of producing Bitcoin through Bitcoin mining
  • The number of competing digital currencies
  • The regulations that govern its use and sale
  • News developments
  • Bitcoin governance policies

How Is Bitcoin Price Determined?

Where to Find a Bitcoin Price Index for Short?

Although the Bitcoin price is subject to massive price volatility, it has drawn the attention of many investors, making it hard to ignore. Therefore, Bitcoin price indices were made, enabling Bitcoin to expand its presence within the traditional financial ecosystem. A perfect example is the Kitco Bitcoin Price Index that tracks the latest BTC price in USD using an average from the globe’s leading exchanges. You can find Bitcoin price indices on major trading platforms.

Where to Find a Bitcoin Price Index for Short?

How High Can Bitcoin Price Go?

Bitcoin has been hovering around $65,000 after it successfully managed to slightly cross over $68,000. This latest record is an impressive feat considering that just over a year ago, Bitcoin’s price was just around $15,000. This rise is partly influenced by the successful launch of U.S.-based Bitcoin futures ETFs. However, despite the phenomenal rise in price, Bitcoin is still extremely volatile. The last time it saw such an incredible surge was back in mid-April where it lost over half its value and plunged to around $30,000.

Given the recent all-time high, is there any possibility that it can go even higher? A lot of market analysts and investors seem to think so. In fact, a large majority of analysts predict that soon Bitcoin will cross over into the coveted 6-figure mark. If the current bull market continues, then there is a possibility that Bitcoin’s price will continue to rise and will hit $100,000 soon. While this goal might seem a little bit lofty, it’s in line with other previously seen Bitcoin trends during a bull run.

How High Can Bitcoin Price Go?

When will Bitcoin price drop?

Typically, whenever assets rise very quickly in price, a crash is often most likely imminent. If not, then at the very least, a price correction takes place bringing prices down to a more “normal” level. Unfortunately, it’s extremely challenging to say what Bitcoin’s “normal” level is given that it’s extremely volatile. For instance, 8 years ago, Bitcoin’s value rose from as little as $13 in January to as high as $1,156 in December, right before falling back to $760 in a matter of 3 days.

Fast forward to today, Bitcoin is trading well over $65,000 a coin. If these prices were to drop, then the worst-case scenario would be we are at the start of a bear market. And even then, prices won’t fall as significantly as they have done in the past as Bitcoin’s presence has grown a lot. This year alone, Bitcoin has survived sell-offs triggered by Elon Musk’s stance on Bitcoin to China’s latest crackdown on cryptocurrency. However, there’s no telling when the next drop in Bitcoin price will happen.

Bitcoin Price Prediction

What Are the Influencers and Top-Notch Investors Saying about Bitcoin Now?

James Ledbetter, CNBC contributor and editor of fintech newsletter FIN, says that Bitcoin is a highly risky, highly volatile investment. He argues that if you look at the price history of Bitcoin, you will find a common pattern where prices spike and later crash. He says:

“You have to at least be mentally prepared and financially prepared that could happen again. It could happen tomorrow”

For this reason, Anthony Pompliano, Morgan Creek Digital Assets hedge fund co-founder, advocates that everyone starts small.

“Just start very small, do research, learn about it”

says Pompliano. Alex Doll, Anfield Wealth Management president, recommends clients not invest more than 10% of their cash in risky assets such as Bitcoin. “The only time I think it’s OK for someone to invest a larger amount than I’d recommend would be if they are young and have many years of a good income stream from a stable job, and truly understand the crypto world,” says Doll.

What Are the Influencers and Top-Notch Investors Saying about Bitcoin Now?

Are There Any Anonymous Bitcoin Price Predictions?

So far, the only anonymous Bitcoin price prediction we have received is from the pseudo-anonymous Plan B. However, back in January 2019, an anonymous user made predictions about Bitcoin on 6 different dares. The first two predictions seemed to be proven correct. These predictions claimed that the price will be at $5,300 and $9,200 in April and July 2019. The third prediction stated that Bitcoin price would be at $16,000 in    October 2019. Unfortunately, the third prediction was too good to be true and it failed to materialize.

Are There Any Anonymous Bitcoin Price Predictions?

What About FOMO and Bitcoin?

Bitcoin’s recent price high comes after a 53% drop earlier this year with its volatility exceeding that of stocks or gold. The truth is that no one really knows what’s driving up the price of Bitcoin. However, one thing is for sure, more and more speculators are climbing the Bitcoin ladder for a shot at maximizing their ROI. As more people join into the frenzy, the FOMO Bitcoin (fear of missing out) is only growing bigger and the risks are associated with it too. Therefore, it’s extremely important that you stay true to your risk tolerance and only invest in what you can lose.

What About FOMO and Bitcoin?

Are There Any FOMO Bitcoin Calculators?

Given the latest Bitcoin prices, a lot of people are kicking themselves for having the chance to invest in Bitcoin early and not taking it. To help them wallow even more in their regrets, several websites have come up with FOMO Bitcoin calculators. These calculators work by enabling users to find out how much they could have made had they invested in Bitcoin at a particular date in time. Once you enter the relevant details, the calculator provides you with how much you missed out on making by not investing in Bitcoin.

Are There Any FOMO Bitcoin Calculators?

How to buy Bitcoin or convert BTC at the best exchange rates?

Now that you have a big picture of Bitcoin on the market, you’ve surely made up your mind about it. Are you buying? Are you exchanging? Swapzone has you covered! Just follow this easy as pie guide:

Step 1. Launch Swapzone on your browser.

Step 2. In the “select pair” tab pick the kind of cryptocurrency and amount you wish to exchange.

Step 3. In the “get up to” section, pick BTC.

Step 4. You will see different BTC coin exchange rate offers from different exchanges.

Step 5. Filter through the different exchange offers by price or transaction time.

Step 6. Once you locate an offer that you want, simply select the offer and click on “exchange”.

Step 7. Enter your correct wallet details and then click on “proceed to exchange”.

Step 8. Wait for the transaction to complete.

Step 9. Once the transaction finalizes, you will receive the BTC coins in your wallet. Simply rate the experience and leave behind an honest review. You’re done! Congrats!

Video Guide

For visual learners, here’s also a video example of how you can get Bitcoin on Swapzone:

bitcoin future price - bitcoin price prediction