How high can Bitcoin go?
Bitcoin, it found, is likely to hit an average peak price of $87,875 in 2024, with some experts predicting it will climb as high as $200,000. On the flip side, the average lowest price Bitcoin could hit by the end of 2024, is seen as $35,734, the report said, with some predicting it will fall as low as $20,000.
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Robert Kiyosaki predicts the Bitcoin price to reach $120,000 in 2024. Blockstream CEO Adam Back predicts Bitcoin to hit an all-time high of over $100,000 in 2024.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2028 | $359,657.03 | $422,196.78 |
| 2029 | $517,096.29 | $619,176.08 |
| 2030 | $746,322.36 | $889,947.00 |
| 2031 | $1,103,061.68 | $1,334,505.54 |
Because Bitcoin is so powerful and has so much potential, Bitcoin's projected value and estimated growth could be astronomical. Speculation from crypto analysts and industry experts suggests that Bitcoin's long term value could reach over $100,000 to as much as one million dollars per BTC in the future.
Fidelity Predicts: $1B per 1 BTC by 2038 — 2040
Jurrien Timmer, the Director of Global Macro at Fidelity Investments, thinks the value of a single Bitcoin could reach $1 billion by the year 2038 — very close to our Bitcoin price prediction 2040 target date. Timmer's demand model is rooted in Metcalfe's Law.
Known for her innovative investment approach, Cathie Wood predicts Bitcoin will surpass $1 million sooner than her previous estimate of 2030.
If bitcoin experiences that same rate of appreciation in its average annual returns, it will reach $98,700 in January 2025 and hit $100,000 in February of that same year. Some experts believe bitcoin could increase in value even more quickly.
A $100 investment in Bitcoin could purchase 0.00607 BTC today based on a price of $16,466.14 at the time of writing. If Bitcoin hits the $1 million price target by Wood in 2030, the $100 investment would turn into $6,070. This represents a gain of 5,970% from now until 2030.
With its massive potential for growth and adoption, Bitcoin is expected to remain a major player in the cryptocurrency market for years to come. By 2050, our long-term Bitcoin price prediction estimates that the maximum price could reach up to $11,94,927.3.
| Year | Price |
|---|---|
| 2025 | $ 69,468.63 |
| 2026 | $ 72,942.06 |
| 2027 | $ 76,589.16 |
| 2030 | $ 88,661.53 |
Can Bitcoin reach $10 million?
Analysts recently detailed a $10 million bitcoin price prediction from Tom Lee of Fundstrat Global Advisors. A resurfaced projection by Tom Lee, managing partner and head of research for Fundstrat Global Advisors, indicates that the bitcoin price can reach as high as $10 million within decades.
Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is believed to own the most bitcoins, with estimates suggesting over 1 million BTC mined in the early days of the network.
Unfortunately, it's also incredibly volatile. For that reason, while current market conditions are favorable for anyone considering buying Bitcoin, it is an asset you should purchase only at your own risk. Because while Bitcoin may have the potential for significant returns, you may also lose most of your investment.
If we draw a line connecting Bitcoin's historical lows, we get a prediction of $1.3 million by 2030 and a staggering $200+ million by 2040 and 2050, which would put its market cap at an unreasonable $4 quadrillion. By this time, this asset class will likely be matured.
For Dogecoin's price to skyrocket, demand would need to outpace rising supply. That's a tall task. In my view, then, there are no fundamental reasons to be long-term bullish about Dogecoin. In fact, it's very unlikely the token will rise 600% to reach $1 by 2030.
If Wood is correct and Bitcoin reaches $3.8 million, if you invested $1,000 in Bitcoin now, it would be worth $54,280 in 2030. This would result in a compounded annual growth rate (CAGR) of nearly 95%.
While this is a lower-bound scenario, we can use it as a baseline to show what it takes for investors to become Bitcoin millionaires. Assuming an annualized return of 30%, one would need to invest roughly $85,500 annually for five years to hit millionaire status. Over 10 years, this number falls to around $18,250.
Standard Chartered analyst Geoff Kendrick believes Bitcoin could hit $200,000 by the end of 2025. The SEC's recent approval of spot Bitcoin ETFs and the impending halving event could materially boost demand for Bitcoin.
A reasonable assumption that Bitcoin could hypothetically reach the null state of it's value is worth the thought. Even-though such an event is very less likely to take place, there are some factors that could theoretically lead to Bitcoin price crashing to zero.
Historically, long-term Bitcoin investors have been rewarded for their patience, riding out significant price fluctuations to see considerable profits. If you originally invested because you believed in Bitcoin's long-term value, then selling during a downturn may contradict your original investment strategy.
Should I buy Ethereum or Bitcoin?
Ethereum fees have tended to be higher than those for Bitcoin. But before you complete a trade or transaction for either, it can be good to look at the network fees to see if they're running higher than usual. If it's not a time-sensitive transaction, you can sometimes save money by waiting for fees to go down.
Key Takeaways. Bitcoin, the cryptocurrency, is most likely to remain popular with speculators over the next decade. Bitcoin, the blockchain, will probably continue to be developed to address long-standing issues like scalability and security.
If you had bought $1,000 worth of bitcoin 10 years ago, it would have grown by 7,644% and be worth around $77,443 as of Feb.
That investment would be worth $6,859,178,076.22 today based on the same price of $28,122.63 at the time of writing.
Bitcoin prices have fallen over 30% from their high twice, and over 60% once, over the past five years alone! But you'd be pretty happy if you'd bought five years ago and held on for dear life. A $1,000 investment in Bitcoin five years ago will have grown to over $13,000 today.
