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Bitcoin (BTC) price prediction 2024-2040

29 Feb, 2024 17 min read
What is Bitcoin (BTC)?

What is Bitcoin (BTC)?

Bitcoin, also known as BTC, was the first-ever cryptocurrency. BTC is a crypto with future potential, but its market price can fluctuate considerably. Before we can make a Bitcoin price prediction, it's helpful to do a BTC/USD analysis to know how it works.

Bitcoin was created in 2009 based on a white paper published by the mysterious Satoshi Nakamoto. Bitcoin is still the world's largest cryptocurrency by market cap, followed by Ethereum and Ripple. In this article, 'Bitcoin', with a capital 'B', refers to the technology or the currency as a whole; 'bitcoin' and BTC refer to units of the currency.

Bitcoin's key attributes are as follows:

  1. Bitcoin is a decentralised digital currency.
  2. Transactions are verified on the blockchain.
  3. A finite amount of BTC is released into the market through mining.

Bitcoin is a decentralised digital currency outside the control of any central bank or authority. Every bitcoin (the unit) is a secure block of data that can be sent from user to user on the peer-to-peer Bitcoin network without passing through an intermediary.

Transactions are verified by network nodes through advanced cryptography and recorded in a publicly available distributed ledger called a blockchain. Solving this cryptography requires computers, which is where mining comes in.

Before a bitcoin can be spent, it has to be generated through a process called mining. This is an activity in which people provide processing power from their computers to the distributed network that generates new blocks of data for the blockchain. As a reward, miners receive several bitcoins. The total amount of possible BTC is limited by design, so they're mined from a finite reserve, just like gold.

BTC/USD analysis

Before we can make a Bitcoin prediction or BTC/USD forecast, it's crucial to bear in mind Bitcoin's finite reserve. After 21 million bitcoins are generated, no more can be mined.

An analysis of current trends predicts that the last whole bitcoin will be mined in the 2040s, but fractions of coins will still be awarded to miners. Once all bitcoins are mined, the value of the cryptocurrency and Bitcoin's highest pricewill depend entirely on supply and demand.


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BTC's price history

The price of Bitcoin has seen many changes. In 2010, a single bitcoin was worth less than $0.25. Over time, Bitcoin grew from an obscure tech topic into a mainstream phenomenon as businesses started to take notice.

Bitcoin's price rise during the mid-2010s
Bitcoin's price rise during the mid-2010s

In November 2017, Bitcoin's price surged to over $11,000 and reached an all-time high of around $20,000 the following month. Bitcoin's highest price remained until December 2020, when its price tipped over that to create a new high at just a few dollars higher. Now, (as of late November 2023) Bitcoin's price is currently above $37,000, and those who got into BTC/USD investing early and held onto it have enjoyed a massive return on their investment.

BTC/USDT price chart

 



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BTC technical analysis

To make future Bitcoin price predictions, we need to understand its past changes. We'll start with a BTC/USD analysis from the price surge it experienced in 2017 to Bitcoin's price today before moving on to future predictions for Bitcoin. For comparison, this is the status of Bitcoin at the time of writing:

BTC Price in USD (29/02/2024) 

$63,061.30

 

Market cap

$$1,235,291,315,463

 

Circulating Supply

19,640,700 BTC

Daily Trading Volume

$94,112,278,685

All-time high

$68,789.63 (10/11/2021)


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Bitcoin crypto coin price prediction 2017

Bitcoin had a big year in 2017. On 18 December, it reached an all-time high of around $20,000. Because Bitcoin exchanges recorded different prices, there is some discussion about whether the number was just over or just under $20,000.

Bitcoin's peak price at the end of 2017 and subsequent dip | TradingView
Bitcoin's peak price at the end of 2017 and subsequent dip

The 2017 Bitcoin price rally is attributed mainly to speculation as the mainstream began to take notice of the cryptocurrency. Investors were rushing to ICOs, which lifted Bitcoin and other cryptocurrencies like Ethereum to record high prices. Bitcoin's cryptocurrency market cap dropped by about 33% due to this surge in interest in the broader cryptocurrency market, but the first crypto coin would soon regain its position.

Bitcoin crypto coin price prediction 2018

After 2017, 2018 was a year of correction. Anyone making Bitcoin future price predictions for December 2018 had to take into account that there would be a backlash after the initial rush to buy Bitcoin.

The cryptocurrency began to attract criticism, and there was discussion about regulation or bans by governments. The bear market drove down the price of Bitcoin in 2018 to $3,200 by mid-December.

Bitcoin crypto coin price prediction 2019

After spending 2018 getting mauled by the bears, Bitcoin went through a period of recuperation in 2019. The first cryptocurrency regained over 65% of its market share and rose in price until June, when it reached its 2019 high of $13,275.

Bitcoin crypto coin price prediction 2020

2020 will go down as one of the worst years for the financial market in history. After the pandemic hit, the global market was in chaos, and most assets across all classes crashed. While that was understandably distressing, it didn't last long. BTC's price recovered unexpectedly quickly, and by the end of 2020, it was trading higher than it opened the year at $28,990.

Bitcoin crypto coin price prediction 2021

Following the bullish trend that ended the previous year, Bitcoin continued higher for a couple of days before it peaked at $42,000 before correcting heavily below $30,000. In February, the correction ended, and BTC continued going higher until it reached a new all-time high at $69,000 in November.

Bitcoin crypto coin price prediction 2022

Many Bitcoin enthusiasts now consider 2022 to be the worst year yet for their favourite cryptocurrency. After the price surge in 2021 that saw Bitcoin reach a new all-time high at $68,789.63, BTC has traded downwards, losing more than 60% of the accumulated gains in 2022 alone.

Bitcoin crypto coin price prediction 2023

Based on the Digital Coin Price's Bitcoin future price predictions for 2023, it is anticipated that the minimum value of Bitcoin will be $31,174.19 by the end of 2023. As for the upper limit, BTC's price has the potential to surge up to $81,467.95. The average trading price, on the other hand, is projected to hover around $49,344.38.

Bitcoin crypto coin price prediction 2024

As a decision about spot Bitcoin ETFs approaches, experts have made various price predictions for BTC. Some expect the cryptocurrency's value to remain between $42,000 and $100,000, taking a conservative stance. Conversely, a more optimistic viewpoint suggests that institutional investors and supply-related factors may drive the price of Bitcoin to skyrocket, reaching as high as $160,000 or even $1,000,000.


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Bitcoin (BTC) future price predictions for 2024, 2024, 2025, 2030 and 2040

In 2020, Bitcoin made headlines all over the world when it took out Bitcoin's highest price in December. As expected, the $20,000 region acted as resistance, and the price corrected sharply to $17,000 immediately after poking it. At that point, the world was on its toes in anticipation of the next bull run, and it wasn't disappointed. Bitcoin shattered the new resistance and traded rapidly upwards into 2021. In November 2021, the crypto reached a new level for Bitcoin's highest price at $69,000.

Bitcoin coin price chart highlighting support at $20,000
Bitcoin coin price chart highlighting support at $20,000

To get an overview of Bitcoin future price predictions, we'll look at the latest views of the most famous traders, business leaders and authors in the crypto space. 

Tom Lee's Bitcoin future price predictions

Tom Lee is a crypto trading expert who worked at JP Morgan before co-founding Fundstrat, where he works as head of research. In a recent interview, he was asked about his thoughts about Bitcoin's price, and he was very optimistic, to say the least. Tom predicts that BTC could be worth as much as $180,000 by April 2024. 

I think the demand will be greater than the daily supply of bitcoin, so the clearing price is over $150,000, could even be $180,000, - Lee said.


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Willy Woo's Bitcoin future price predictions

Author and trader Willy Woo claims that Bitcoin is now a mature asset, and he believes BTC's price can reach $100,000 sooner than later. He explains that he doesn't expect the price to consolidate and sell for years as it did after the surges in 2013 and 2017. Writing on Twitter, Woo said that BTC will probably never fall below $30,000 again.

At the 2024 halving, he anticipates that BTC will fall within the $16,000-$65,000 range. He wouldn't be shocked if, in the next four years, most BTC will be exchanged in the $65,000-$524,000 range. Additionally, he expresses his belief that Bitcoin is unlikely to trade for below $40,000 for an extended period.

Max Keiser's Bitcoin future price predictions

Broadcaster Max Keiser made a Bitcoin crypto coin price prediction in his regular financial analysis show, The Keiser Report, on RT. Much like Tim Draper's forecast, Keiser predicted that BTC's value would go up during and after the coronavirus market crisis, and as we saw, Bitcoin's price did exactly that. 

In 2021, Max was asked for his Bitcoin price prediction. He claimed that BTC's price would pump up 40x, and at the time, Bitcoin was trading at around $50,000.

I predict — and this is not only the ultimate use case but the ultimate irony — that once people realise that they cannot get gold, they'll start flocking en masse into Bitcoin

According to Keiser, a run on gold by the rich will leave Bitcoin as the most viable haven for many.

One-year Bitcoin vs gold chart - Skew
One-year Bitcoin vs gold chart

In one interview, Keiser quadrupled his BTC price forecast, claiming that the first cryptocurrency would surge to $400K.

I am officially raising my target for Bitcoin — and I first made this prediction when it was $1. I said this could go to $100,000 — I'm raising my official target for the first time in eight years. I'm raising it to $400,000

Tone Vays' Bitcoin future price predictions

Cryptocurrency trader Tone Vays provides almost daily Bitcoin crypto coin price predictions on Twitter and isn't afraid to criticise the economic orthodoxy from Forbes and the mainstream media.

Vays has also slammed Tim Draper's predictions as "irresponsible". But Vays' future Bitcoin price predictions are optimistic. He forecasts that Bitcoin could reach $200,000 sometime in 2025. Should BTC go higher and rally to $300,000, Vays believes that can happen in late 2025 or early 2026.

Smartereum Bitcoin future price prediction for 2024, 2025, 2030 and 2040

An author at crypto news site Smartereum has suggested that Bitcoin isn't mature enough for traders to claim we've reached a peak. They predicted that Bitcoin would likely hit $500,000 in the next few years but warn that regulations and sentiment may also negatively affect the price.

CryptoPredictions Bitcoin price prediction for 2024, 2025, 2030 and 2040

CryptoPredictions, a TradingBeasts project that specialises in providing predictions, expects Bitcoin to close at $33,056.261 by the end of February2024. 

Based on CryptoPredictions, Bitcoin is anticipated to kick off March 2024 at $33,386.824 and wrap up the month at $45,638.348. Within March, the highest projected BTC price stands at $46,569.743, while the lowest is $31,667.425. By the conclusion of 2024, the forecasted average BTC price is $37,147.166. Moving into 2025, Bitcoin is anticipated to commence at a low of $31,546.209 or a high of $46,391.483, with an average price prediction of $36,395.898 by the year's end. Looking ahead to the long-term forecast for 2028, BTC is expected to open the year at $30,730.408 and conclude at $34,762.776.


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WalletInvestor Bitcoin price prediction for 2024, 2025, 2030 and 2040

According to WalletInvestor's Bitcoin price prediction, the crypto's price will average $42,620.72 at the beginning of March 2024 and close 2024 at $39,836.32. WalletInversor doesn't expect the crypto price to rise high at the beginning of 2025, estimating it to average only $39,922.20 at the beginning of the year. As for the Bitcoin price prediction for 2028, the resource estimates it will average $28,413.19.

WalletInvestor Bitcoin price prediction for 2024
WalletInvestor Bitcoin price prediction for 2023 - 2024

LongForecast Bitcoin future price prediction for 2024, 2025, 2030 and 2040

The latest BTC price predictions from LongForecast predict that Bitcoin will close March 2024 at $41,761, which is 1.6%lower than the current price. Here are predicted price ranges for the following years:

LongForecast predicts that in 2024, Bitcoin's price will range between $42,050 (in March) and $72,969 (in December). This indicates potential volatility in the market, offering both opportunities and risks for investors. 

For 2025, LongForecast anticipates a range of $74,916 to $76,572. Looking further ahead, LongForecast presents a wider price range for Bitcoin in 2026, spanning from $64,320 to $56,899.

However, by the end of 2027, the BTC price will skyrocket to a record $154,135 value. 

DigitalCoinPrice Bitcoin future price prediction for 2024, 2025, 2030 and 2040

According to DigitalCoinPrice's Bitcoin price prediction for 2024, it is anticipated that the price of Bitcoin will attain a minimum value of $38,216.33. By the end of 2024, the Bitcoin price is anticipated to average $91,006.42.Looking ahead to 2025, projections suggest that the price of BTC will surpass the threshold of $99,720.90. Extending our forecast to 2030, it is expected that Bitcoin will achieve a minimum value of $288,236.41.

DigitalCoinPrice Bitcoin price prediction
DigitalCoinPrice Bitcoin price prediction


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Bitcoin (BTC) overall future value predictions

Bitcoin's future value predictions vary among different sources: 

  • CryptoPredictions foresees Bitcoin closing at $33,056.261 by February 2024, with an estimated average of $37,147.166 by year-end. 
  • WalletInvestor expects Bitcoin to average $42,620.72 in March 2024 and close the year at $39,836.32, with a lower estimate for the beginning of 2025 at $39,922.20. 
  • LongForecast predicts potential volatility in 2024, with Bitcoin ranging between $42,050 and $72,969. 
  • DigitalCoinPrice is optimistic, forecasting a minimum value of $38,216.33 in 2024 and an average of $91,006.42 by year-end. 
  • Looking ahead to 2030, projections vary, with WalletInvestor estimating an average of $28,413.19, while DigitalCoinPrice anticipates a minimum value of $288,236.41. 

How high can Bitcoin go?

Bitcoin's value fluctuates more often than fiat currency and by much larger amounts. Although you can exchange BTC for goods and services just like other currencies, Bitcoin's potential to hugely increase in value means that many buy Bitcoin as an investment to trade on the market for a higher price than it was purchased for.

This means that Bitcoin can behave more like stocks than currency. No government can manipulate Bitcoin. Only the market can determine its price.

BTC cryptocurrency forecast today

 

According to the latest data as of 6 February 2023, The Bitcoin price is expected to be around $41,828 on 12 February 2024. Looking ahead to 2025, the Bitcoin price forecast ranges from $29,268 to $149,245. Furthermore, the Bitcoin price forecast for 2030 varies between $248,443 and $308,078, indicating a potential gain of 625.62%.

Bitcoin's current price trend | TradingView
Bitcoin's current price trend | TradingView

Increased adoption of digital currencies and blockchain by central banks and financial institutions will no doubt increase interest in Bitcoin, the first cryptocurrency.

The best way to predict Bitcoin's future price is to familiarise yourself with the cryptocurrency market today. StormGain, the crypto trading platform that offers the most generous bonuses for clients, also has an educational programme to prepare traders with the best information about the crypto market.


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