What Is Bitcoin?
Launched over ten years ago in 2009, Bitcoin is a virtual currency powered by blockchain technology. Satoshi Nakamoto created the coin to overcome the shortcomings of government-issued currencies without requiring a controlling authority.
It has since then grown in popularity. Therefore, in this article, we will cover the Bitcoin (BTC) price prediction from 2021 to 2030.
The popularity of BTC has led to more people scrambling to get a place on the Bitcoin (BTC) train when time is still prime. Therefore, we will discuss the Bitcoin price prediction for 2021-2030.
As for the price, Bitcoin is trading at $32K, and we might expect bears to take charge of the market once again as the price has dropped from $32.8K and is continuing downwards.
BTC price could hit as much as millions according to expectations. This could happen eventually as only during February, the price change of one BTC increased by more than 70 percent.
|Coin||Symbol||Price||Marketcap||Change||Last 24h||Supply||Volume (24h)|
|BTC||$ 34,408.00||$ 643.51 B||1.49%||18.77 M||$ 20.83 B|
Bitcoin Network & Signals
The Galaxy Score indicates how healthy a coin is by looking at combined performance indicators across markets and social engagement. Display the real-time Galaxy Score of any coin.
Key past Bitcoin moments to note
The popularity of Bitcoin brought with it a host of other problems and opportunities. For example, in 2019, scammers stole $722,000 million from unsuspecting investors who were fooled into investing in non-existent BTC mining equipment.
Mostly, scammers use websites whose registration dates and copyrights raise questions about their credibility.
What followed was the period of stagnation for BTC’s price as it ended both 2018 and 2019 with sharp pullbacks. However, the BTC price did regain much of its value after Feb and Mar of 2020, when a strong rejection was seen for further downside.
Trillions of trading volume were traded by the end of the month, resulting in one of the greatest reversals in the history of cryptocurrency. BTC’s value soared back above $10,000 in the middle of 2020, surprising investors across the board.
This was a notable increase and forced an update on many price predictions.
Exchange-traded volume had seen change across the board during this several-month upswing as the coin gets traded by short-term and long-term traders going for increased profits.
Over the past few weeks, after reaching the all-time high, the price of Bitcoin started to decline and what happened to be a bullish run turned into a bearish nature. This led to a decrease in the price of all the altcoins as well. The price of Bitcoin is now half of its all-time high, and it is expected that it might go lower.
Current position of Bitcoin (BTC)
Michaël van de Poppe, a popular trader, predicts Bitcoin around $38K in the coming days. While Goldman Sachs thinks it favors Ethereum and says that it will overtake Bitcoin as a store of value in the future, Bloomberg thinks that Bitcoin will go to $100K. The recent survey on Wall Street investors revealed that most of them thought Bitcoin would go down under $30K.
After the recent events, including the El Salvador adoption and new marketplaces coming up in the NFT industry, a lot of positive news is filling in the market. China has also played its part in the downfall of Bitcoin, and now, it seems to be backing digital Yuan.
Ever since BTC’s price and market share have been debated among financial professionals with the latest price predictions and analysis updated frequently, one still holds true – BTC will reach a trillion-dollar cap soon, proving many predictions correct.
Other notable price predictions have been made by popular crypto space figures such as Anthony Pompliano, the founder of Morgan Creek Digital, Max Keiser, a filmmaker and broadcaster, and Joe Kernen, CNBC’s Squawk Box host.
The top crypto twitter celebrities frequently make further cryptocurrency price predictions, and some are promoting garbage coins.
As of now, we have already seen how Bitcoin (BTC) adoption is spreading like wildfire, although it is currently trading at $32K. El Salvador became the first country to adopt Bitcoin as a legal tender, while China once again caused a stir in the market by shutting off mines, and miners are now migrating to other countries.
In such a scenario, traders trembled in the bear market, and now, Bitcoin is trading at around $30k and might fall further. It has been said that the coin has broken the Wyckoff distribution, but the market is very unpredictable to make a short-term confirmation.
It can be seen above that in the 4-hour chart, the price of Bitcoin has been seen a surge, but the bulls seem already exhausted as the price was unable to capture the 100-day moving average. Although, the price did capture the 50-day Moving Average. The price was supposed to break through the upper Bollinger Band indicating bullish growth. The RSI levels indicate that we can see a reversal if the bulls take charge soon and the market holds at this point.
Bitcoin price forecast 2021 -2030
As mentioned before, price predictions for Bitcoin vary. Several predictions estimate BTC to be worth at least $1 million soon. However, some price predictions predict the opposite – BTC will move below $20,000 and never recover.
The bitcoin price predictions are usually made by people who are seeking to manipulate Bitcoin’s price in their favor. This is the reason people like Jackson Palmer, the co-creator of Dogecoin, claim that the crypto industry is corrupt and manipulated.
Let’s take a look at some of our estimates for BTC’s price over the upcoming years.
What to expect from Bitcoin by the end of 2021?
This year, Bitcoin saw strong bullish momentum at the end of January when support was found at $30,000. What followed was a very strong rally towards $58,000 during most of February, which set a clear high and indicated that the overall long-term momentum is very bullish.
Thereafter, the onset of the bullish market changed everything, and now, Bitcoin fell from its all-time high to half of its value. The biggest question is the value of the coin by the end of 2021.
It has been considered that BTC/USD is not following the Wyckoff Distribution pattern anymore and now has now reclaimed the support at $30k. It might fall further, but what follows is a huge bullish momentum by the end of 2021.
According to our predictions, it is possible that Bitcoin might reach $100,000 by the end of 2021 because of plenty of big whales accumulating Bitcoin in recent times, and a huge upswing is possible in the future. Also, with the global adoption of Bitcoin, we can say that the pros outweigh the cons. Also, as of now, the biggest GBTC Unlock is over, and there are chances that the price of Bitcoin sees a strong reversal in the near future.
According to Wallet Investor, the price of Bitcoin will increase to around $58,136 by the end of 2021. On the other hand, Digital Coin has predicted a value of $49,755.50 by the end of 2021. They are not as optimistic as Wallet Investor.
There are various traders claiming that the coin will fall down to $20,000 in the next few months, but it is highly unlikely, and the coin will revert from a price of $27k and follow a bullish trend. This is because of the good news surrounding blockchain tech and the growth of NFTs.
Bitcoin price prediction 2022
It is hard to predict what the Bitcoin price will be in 2022. Therefore, this Bitcoin price prediction 2022 is quite an estimate and not absolute. Considering the previous cycle from 2015 to the end of 2017, when Bitcoin peaked just under $20,000, resulted in a gain of over 10,000 percent, we can make a basic estimate.
From the current lowest point at the end of month December 2019, when the Bitcoin price traded at $3,100, an equal gain of 10,000 percent would mean that the price target for the end of this cycle is $310,000, which means that the current price of over $30k is slightly more than 9 percent to the previously said target.
Basically, this means we are still to see a nine times increase for a single Bitcoin’s price.
According to Longforecast, BTC will be trading in the range of $63398-$81155 by the end of 2022. At the same time, Digital Coin predicts that by the end of 2022, BTC will reach $57,476.75 by the end of 2022.
Bitcoin price prediction 2023-2025
According to Ballet wallet CEO Bobby Lee, Bitcoin’s price should exceed $500k by the end of 2028 and have a capitalization that exceeds the one of gold, which is currently estimated between $10 and $11 trillion. Recently, Bitcoin passed the $1 trillion mark, indicating that much of the work has already been done as Bitcoin is valued at more than 10 percent of what gold does.
But after the fall in the price of the coin, the market cap has now reduced to billions. It is estimated that by the end of 2021, BTC will resume its status of trillion-dollar market dominance.
Bitcoin price prediction 2025 should easily exceed the $10 trillion capitalization mark.
Digital Coin predicts that Bitcoin will reach $147,574.28 in 2028. It can be expected that by the end of 2026, the maximum price that Bitcoin will reach is a maximum of $1,63,000, as said by Wallet Investor.
Market cap of over $10 trillion?
Considering how fast the market capitalization of Bitcoin has grown over the last years, we can assume that another 1000 percent gain in price prediction for Bitcoin is more than possible over the next five years.
Therefore, the Bitcoin price prediction for the year 2025 should easily exceed the $10 trillion capitalization mark, which would mean a $550,000 price mark reached.
What drove this institution into Bitcoin
We have seen how global acceptance of the asset has driven institutions into investing in Bitcoin, but many do not know what exactly pushed them to the asset. Some of these reasons are mentioned below:
Fear of inflation
Microstrategy began investing in Bitcoin due to the belief that the government of the United States of America was going to be pumping more money into the economy, and this invariably was going to lead to a surge in the inflation rate. To circumvent this, the company decided to invest in BTC, and since then, it has grown to become one of the highest holders of the crypto asset. Jack Dorsey’s Square is another company to have towed this path.
Secured, faster, and cheaper transactions
PayPal and other financial institutions investing in the space believe that Bitcoin and other crypto-assets provide them an opportunity to offer their users a financial product that would help them carry out secured, faster, and cheaper transactions.
Fear of missing out (FOMO)
Everybody is scare of missing out on an important financial decision. And because nobody wants to be left out, they adopt the trends in their sector and try to adapt to any changes in the world. This is one of the reasons that has driven some investors into the Bitcoin industry, as they do not want to appear to be left behind by their peers.
Increased digitization of the world
The world has gradually moved away from a paper-intensive world to a world that is now dominated by technology. One of such developments is Bitcoin and the crypto industry that has made the world more digitally compliant.
FAQs on Bitcoin price prediction
Is Bitcoin a good investment?
One thing is for sure, Bitcoin has been the best performing asset class of the decade, and we are likely to see it change many conventional financial market supporters to the side of crypto by the end of 2021.
What will Bitcoin be worth in 2030?
Bitcoin should exceed the $10 trillion cap by 2030, given the previous market momentum. With El Salvador’s adoption, the Bitcoin price predictions for 2030 depends on the adoption rate.
How much does it take to invest in Bitcoin?
As everyone has frequently said- buy or sell as little or as much as you want. Exchanges since the beginning have offered to trade for positions as small as $10 but keep following our Bitcoin price prediction. You conduct your thorough research Before making any investment decisions or accepting recommendations to buy BTC.
How many Bitcoin tokens are left?
There are a total of 21 million Bitcoin to be ever created. 18.7 have already come out of the massive mining farms that perform hashing algorithms that help Bitcoins blockchain network to do its work.
Therefore, most Bitcoin has already come into existence (around 89 percent), and one would think what would need to change to get more Bitcoin after the total maximum is exceeded. The answer is – you will have to do an exchange.
Therefore, most Bitcoin has already come into existence (around 89 percent), and one would think what would need to change to get more Bitcoin after the total maximum is exceeded. The answer is – you will have to do an exchange.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.