Bitcoin price prediction | CoinCasso Exchange
Bitcoin price prediction

Bitcoin ignited the world’s imagination when in 2017, it went from $975 in March to $20,089 in December!

Everyone – even the least tech-savvy of people – was talking about BTC. The next few years cemented its status as an asset and investment of note. The whole ecosystem rose on the Bitcoin bubble when the second wave of more cautious investors, intent on getting a piece of the next crypto boom, jumped into the crypto market feet first.

In this mad rush, people generally forgot that among asset classes, Bitcoin has had one of the most volatile trading histories. It has gone through various cycles of extreme booms and busts. Its 13 years of existence have been marked by massive price bubbles and double-digit ups and downs.

However, unlike other cryptocurrencies, BTC’s high value has forced investors and buyers to spend more time, effort, and money on Bitcoin price prediction formulae.

To understand how it might swing in the future, it is important to look at the history of BTC.

History of Bitcoin price
History of Bitcoin price

History of Bitcoin price – From 0 to 60k

If we had to use one word to describe BTC’s ride from its start in 2009 until today, it would be – a rollercoaster. A bumpy, scary but exhilarating ride. Not for the fainthearted, but for the ones who love the rush, it has been a good run.

The first prominent bump for Bitcoin came in 2013 when it started trading on the crypto exchange at $13.50. The first boom came right after that when it peaked at $220 in April 2013 before quickly correcting to $70. However, it never dipped below again. Seen over the long term, its price arrow has always pointed upwards.

It remained bumpy till 2017 when it breached the $1000 mark riding on investor confidence, and finished the year at an astounding $19,783. Of course, inevitable price correction and crash came soon after, and BTC ended 2019 at $7000.

The pandemic and recognition from several countries, saw Bitcoin taking flight again. There was no turning back this time, and December 2020 saw it ending the year with a 155% gain.

2021 has been its best year so far, with BTC peaking at well over $60k. Despite a massive mid-year crash, the conversations around Bitcoin, and cryptocurrencies in general, remain positive. No one expects it to disappear, and almost everyone is predicting substantial long-term gains.

Bitcoin will reach $1,00,000 in the next 3 – 4 years and, in the long run, will reach the mark of $1 million in or by 2037.

Chamath Palihapitiya – Co-owner of Golden State Warriors & founder of Social Capital

In a global survey, 42 crypto experts recently said hyperbitcoinisation – the moment when Bitcoin overtakes global finance – will happen by 2050.

Two ends of Bitcoin Price Prediction Spectrum

The BTC world has been divided into two camps supporting two different theories on the future of Bitcoin and cryptocurrencies. Both views are based on pattern analysis of past pricing cycles but come to two different predictions.

Theory 1 – to the Moon

Based on the Stock to Flow (S2F) model, the more optimistic theory is popularised by a Dutchman who goes under the pseudonymous PlanB. He claims to have spent decades in the finance industry and has degrees in law and economics. PlanB has applied the S2F model to BTC price prediction and has had some startlingly accurate results so far.

S2F – The model divides the current supply (stock) of a commodity or asset by its annual production (flow). When it first came out in 2019, it put Bitcoin behind gold but ahead of silver.

The model has a Bitcoin price prediction of $288,000 by 2024.

Bitcoin price prediction: PlanB
Bitcoin price prediction: PlanB

Theory 2 – Dead Cat Bounce

On the bleaker front is the dead cat bounce theory put forward by another anonymous analyst, CryptoWhale, who is sounding the alarm on cryptocurrencies. He believes that the bull run on BTC is well and truly over, and Bitcoin will fall much lower than the $29,000 levels it sunk to towards the end of July.

He has also been uncannily accurate at times. Notably, in April (before the May price correction) when he warned that the market was likely to see record-breaking liquidations as BTC was overvalued.

His Bitcoin price prediction foresees a sustained bear market and fall all the way down to $7000.

Bitcoin price prediction: CryptoWhale
Bitcoin price prediction: CryptoWhale

Bitcoin price prediction

Apart from experts’ opinions regarding cryptocurrency price fluctuations, one can use other tools to try and foresee the price of BTC. Numerous platforms offer statistics and numerical data on how various coins’ value has been changing during the past years and where it can go in the future. Let’s have a look at some of them:

  • TradingBeasts Bitcoin Price Prediction

    One of the best-known cryptocurrency prediction websites, it offers forecasts for the next three years for around 3000 coins on the cryptocurrency market. Here you can get detailed predictions for each coming month, including minimum, maximum, and average price, as well as the percentage of change. According to TradingBeasts, the maximum prediction Bitcoin price is almost $40,000 in December 2022.

    Bitcoin price prediction: TradingBeasts
    Bitcoin price prediction: TradingBeasts
  • Digitalcoinprice Bitcoin Price Prediction

    This large site provides insights into the cryptocurrency market, as a whole. Despite historical data and price forecasts for the next 10 years, one can also find here information on the recently added coins, trending coins, top gainers and top losers, etc. In addition, Digitalcoinprice has a blog section with the latest news, articles, and even guides on cryptocurrencies.

    Bitcoin price prediction: Digitalcoinprice
    Bitcoin price prediction: Digitalcoinprice
  • Walletinvestor Bitcoin Price Prediction

    This site probably offers the biggest choice of charts and graphs on trading crypto. One can check the history and forecasts for more than 4000 coins, as well as their volume, market cap, and available supply. The most expensive cryptocurrencies like Ethereum and Bitcoin have price predictions for the next 5 years on Walletinvestor, while the coins with small trading volume only feature data for the next few months.

    Bitcoin price prediction: Walletinvestor
    Bitcoin price prediction: Walletinvestor

What Does It Mean For Bitcoin Investors?

In a nutshell, BTC price prediction is wildly difficult, and volatility is in-built into the crypto ecosystem. This stems from several factors – market sentiment, general investor interest, government actions and policies, and even tweets from business leaders – that affect the price to unpredictable degrees.

Bitcoin price prediction: tips for investors
Bitcoin price prediction: tips for investors

Long-term, serious investors:

Big investors must closely follow and consider breakthrough changes, such as how international policies shape and affect cryptocurrencies and how giant economies like the US, China, and India react to cryptocurrencies. But they cannot afford to ignore popular public sentiment in the crypto market; there is no denying that Bitcoin’s rise owes much to its first fans and the public perception that painted it as the currency of the free.

An average investor:

For investors with less skin in the game, it makes sense to hold on to their BTC, as the long-term predictions are more favourable than not. Fix in your mind how much you are willing to risk and lose without regret and only start thinking of divesting your Bitcoins when you near that threshold.

3 things ALL investors should pay attention to for accurate Bitcoin Price Prediction

1. Political Actions

China has recently cracked down on crypto-related activities, and the US is looking at new crypto tax reporting obligations. On the other side, some countries like Ecuador are embracing cryptocurrencies.

In the long run, understanding how these decisions affect the crypto market is critical to accurately predicting the Bitcoin price.2.   

2. Competition from traditional financial markets

Institutional investors have realized that Bitcoin is too valuable to ignore. This is also forcing traditional banking institutions (already reeling from their battle with fintech startups) to protect their market dominance. The coming few years might also see legalized digital currencies emanating from banks.

3. Market patterns

Bitcoin price prediction: market patterns
Bitcoin price prediction: market patterns

Markets and what motivates them have remained constant for generations. So while cryptocurrency is a new volatile factor, the financial market and how humans function within it hasn’t changed much. There is much to be learnt from observing legacy patterns and past bull runs. For investors with an understanding of market trends, Bitcoin price prediction becomes a data-backed affair.

So, What’s In Store For Bitcoins In 2021?

The year has been a crazy one for Bitcoin; from touching an all-time high of over $64000, it crashed spectacularly and lost half its value in 3months. We already see some rebound, but so much instability has spooked most investors. Only the most diehard Bitcoin investors and fans are proclaiming its invincibility from the rooftops; the rest are sitting on the sidelines and waiting.

Bitcoin will rally and bounce back, but when and how much is still something under debate.

(A majority of panellists (61%) in a 42 expert study by Finder, say Bitcoin is currently undervalued, and on average, the panel expects Bitcoin to end 2021 at $66,284)

We remain optimistic and would suggest you hold on to your coins too. In fact, if you can afford it, then this is the right time to invest more in Bitcoin. You might not see this price again!

You can browse our site and make this purchase via our crypto exchange at Coin Casso – it is simple and secure, fast and fair.

What will Bitcoin be worth in 2022?

Extreme volatility and price fluctuations are the first things the traders of all levels need to keep in mind when trying to make price forecasts for the cryptocurrency market. Without a doubt, statistical data can give some hints on where Bitcoin’s price can go but, even the most accurate mathematical formulae and models cannot guarantee a 100% correct prediction. The price of Bitcoin depends on a large number of different factors, including economic and political ones.

As of 2022, some crypto experts and traders claim that BTC value will go up to $100,000. However, most price prediction sites show that it won’t be higher than $60,000. Our advice is to closely monitor price movements with the help of different tools and try to analyze the cryptocurrency market trends to make predictions for the future.

 

FAQ

What will Bitcoins be worth in 2025?

Again, Bitcoin Price predictions for 2025 swing across a very wide arc. The panel of crypto experts polled by Finder has predicted that the price of Bitcoin will rise to $318,417 by December 2025. In this bunch, the most bullish expert pegged the price at around $160,000 by the end of the year 2025. Meanwhile, 54% of them think that hyperbitcoinization will happen by 2050. At the bearish end of the spectrum, we see experts setting low targets, with the lowest being $20,000 by EOY 25 with many more plonking their money between the $45 - $60K mark.

What will Bitcoin be worth in 2023?

According to the latest long-term forecast, Bitcoin price will hit $100,000 by the end of 2023. It might close 2021 weak but will steadily pick up and enter 2023 in 6 figures and will keep inching upward thereafter.

What will Bitcoin be worth in 2030?

Even with its volatility, Bitcoin revels in the title of the granddaddy of cryptocurrencies. Unless something truly drastic happens, Bitcoin – and cryptocurrencies, in general – will certainly be around in 2030 and will be even more well integrated into our lives. All current predictions point to Bitcoin smashing the $1 million mark by 2030. Of course, this doesn’t take into account unforeseeable events or policies that might impact Bitcoin’s meteoric climb to the top.

Disclaimer: Cryptocurrency trading can involve high risk and may not be suitable for every investor. Before deciding to trade cryptocurrency, you should carefully consider your investment objectives, level of experience, and risk. You can make money from trading, but there is also the risk that you may lose some or all of your initial investment. Therefore, never invest money that you cannot afford to lose.

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