Will Bitcoin ever go back up?
Bitcoin Price Prediction September 2024
A recent report predicts that Bitcoin will reach a new all-time high in 2024. Bitcoin (BTC) is expected to reach a new record of $88,000 (€82,000) throughout the year, before it settles around $77,000 at the end of 2024, according to a new report.
| Year | Price |
|---|---|
| 2024 | $ 70,638.80 |
| 2025 | $ 74,170.74 |
| 2026 | $ 77,879.28 |
| 2027 | $ 81,773.24 |
Bitcoin by 2030
If we go by Wood's predictions of Bitcoin hitting $1 million in 2030, that would represent a 1,288% price increase from today's price. In turn, $1,000 in Bitcoin bought today would produce a return of $12,880 return in six years.
“Our analysis forecasts a conservative price objective of $100,000-$120,000 to be achieved by Q4 2024, and the cycle peak to be achieved sometime in 2025 in terms of total crypto market capitalization. The ETFs have introduced passive demand which means demand is coming from investors that is largely price agnostic.”
We predict that Bitcoin will hold an average price of $60,000 in 2024, thanks to the Halving event, and settle more in 2025 with an average of $65,000. In 2026, we see Bitcoin trading as high as $90,000 by the end of the year. By 2030, we predict that Bitcoin could reach a high of $160,000.
Bitcoin is a risky investment with high volatility, and generally should be considered only if you have a high risk tolerance, are in a strong financial position already and can afford to lose some or all of your investment.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2030 | $841,963.80 | $1,007,789.21 |
| 2031 | $1,256,973.29 | $1,493,166.67 |
| 2032 | $1,918,712.11 | $2,204,868.49 |
| 2033 | $2,820,108.96 | $3,299,799.99 |
Bullish #bitcoin (BTC) price predictions range between $129,960.17 and $245,480.33 by 2030. Market analysts believe #BTC could reach $101,080.14 by 2025.
Max Keiser predicts Bitcoin to be worth $200K in 2024. Fidelity predicts one Bitcoin will be worth $1B in 2038. Hal Finney predicted $22M per Bitcoin by 2045.
What if you put $1000 in Bitcoin 5 years ago?
If you had invested $1,000 into bitcoin five years ago, the investment would have grown by 1,352% and be worth around $14,524 as of Feb. 14. 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.
Coming to the question $500 gives you 0.01BTC as of now. What is your price prediction for Bitcoin in five years (2024)? We have a large range for this prediction, due to the fact that it is a long period of time in the future. The price should fall between $180,000 and $380,000 in December 31, 2024.
A credible goal within 20 years is to see Bitcoin reach $1 million. This brings us to a Bitcoin price of around $1 million for 2040 in 20 years.
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.
According to the calculation, Bitcoin's price could increase to $5,411,000 by 2050 and grow by more than +10,980% over the next 27 years. Bitcoin could become a multi-million dollar asset by 2050.
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.
The world's largest cryptocurrency, BTC, which was on a recovery path, has increased around 148.75% in one year. It is currently trading at $68,497 as of March 18, 2024 with a market capitalization of $1.35 billion and the global cryptocurrency market capitalization of $2.77 trillion.
According to CoinPriceForecast, Bitcoin price will hit $90000 by the end of 2026. Bitcoin will rise to $100000 within the year of 2028, $120000 in 2029, $140000 in 2030, $150000 in 2031, and $200000 in 2035.
Therefore, while Bitcoin may have shown exceptional growth and returns in its early years, the changing market dynamics and increased institutional involvement have altered its risk-return profile, and our analysis suggests that it's prudent to cap allocation to Bitcoin (or the whole pool of cryptocurrencies as an ...
Cryptocurrencies are still largely unregulated
If a platform that exchanges or holds your crypto assets goes bankrupt, there's a risk you could lose all your capital. Similarly, your assets could be at risk if an exchange holding your crypto is hacked by criminals.
Should I invest in Bitcoin or Ethereum?
You might also prefer investing in Ether you have less capital to spend; currently, Ether is cheaper than Bitcoin. You might prefer to invest in Bitcoin if you're a short-term investor. Bitcoin has a larger market cap, and it's also captured greater public interest than Ethereum (as of January 2021).
| Coin | Market Capitalization | Current Price |
|---|---|---|
| Binance Coin (BNB) | $88.1 Billion | $589.3 |
| Solana (SOL) | $83.4 Billion | $187.57 |
| Ripple (XRP) | $34.2 Billion | $0.6234 |
| Dogecoin (DOGE) | $28.7 Billion | $0.2006 |
| USD | BTC |
|---|---|
| 500 USD | 0.00712397 BTC |
| 1,000 USD | 0.01424795 BTC |
| 10,000 USD | 0.14247947 BTC |
| 100,000 USD | 1.42 BTC |
- Bitcoin (BTC) Market cap: $1.3 trillion. ...
- Ethereum (ETH) Market cap: $396.7 billion. ...
- Tether (USDT) Market cap: $103.6 billion. ...
- Solana (SOL) Market cap: $81.3 billion. ...
- Binance Coin (BNB) Market cap: $77.7 billion. ...
- XRP (XRP) Market cap: $32.8 billion. ...
- U.S. Dollar Coin (USDC) ...
- Avalanche (AVAX)
NewEdge Wealth Senior Portfolio Manager and Head of Fixed Income & Macro Ben Emons joins Yahoo Finance Live in-studio to discuss bitcoin's trajectory, telling investors to "[not] be surprised" if it rises to its "first major milestone" of $100,000.
