Bitcoin 2025-2030: BTC Price Prediction - Can it reach $900K level?
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Disclaimer: The datasets shared in the following article are compiled from a group of online resources and do not reflect FoxCryptoNews' own research on the subject.
Remember when people were bragging about how Bitcoin [BTC] could hit $100k or $200k on the charts? Right? Yes, those were the good old days. Unfortunately, that's behind us and if you're a Bitcoin holder, I guess you're not really happy. Especially since he has now been fooled by flowery promises made by various "analysts". Furthermore, the price action of BTC also has a profound impact on altcoins in the market.
Bitcoin (BTC) Price Predict 2023-2024
While BTC peaked at $69,000 on the charts, the cryptocurrency is currently trading below $20,000. In fact, the cryptocurrency has been trading in that range for quite some time.
Now can BTC revive and appreciate again? Sure, you can. When will that be? Well, that's a question with no clear answer at the moment.
The cryptocurrency market is growing rapidly, and some experts are starting to question whether Bitcoin is still worth investing in. For example, on June 15, 2022, Bitcoin fell below $20,000 for the first time since December 2020.
At the time of writing, BTC is priced at $19,324. The 21-day and 8-day simple exponential moving averages also appear to be in the crypto-curve range on the chart. The sideways price movement will soon turn into rapid volatility, following the compression between the two indicators.
This week, trading volume also increased significantly. Binance has reported the largest increase in transactions in the past 5 years. In terms of foreign currency inflation, this rally comes at an attractive time in the macro environment. The British pound and the Japanese yen depreciated sharply in September. In an effort to cover their losses and earn new profits, holders of the aforementioned coins can contribute to the increase in volume.
Bitcoin price has struggled to sustain above the psychological support of $20,000 throughout September. Without a strong push from retailers and whales, a significant bull run seems far from new. happen.
The top Bitcoin whale continues to sell and currently holds between 100 and 10,000 BTC. Over the past year, 3.5% of supply at these key addresses has moved to locations that have little effect on future price movements. In September alone, another 0.4% of the BTC supply was burned. One notable trend to watch in October is an accumulation of potential whales.
Since there is still a lack of single BTC moving from one direction to another, NVT Signals has given a bearish signal for the second month in a row. A change in it could indicate an uptrend.
And yet, cryptocurrencies have become one of the largest assets in the world and are ultimately nearly worthless. The market capitalization of Bitcoin peaked even higher than that of some well-known companies.
One thing that is immediately clear from this data is that the Bitcoin price cycle is getting shorter and shorter. Furthermore, although the coin regularly depreciates, the average price of Bitcoin continues to rise. This shows a promising pattern for the future.
And despite everyone abbreviating it, the crypto industry, including Bitcoin, is known for its resilience and resilience. Over the past eight years, various financial experts have consistently predicted that the Bitcoin bubble will burst "soon". However, the coin is still in demand and BTC investors are making substantial profits.
The importance of these BTC forecasts
The following article will refer to these forecasts. With BTC emerging as a powerful store of value at the end of the year, it is important for investors to know where popular analysts see the cryptocurrency heading over the next decade. These predictions, while not absolute by any means, can help traders and holders make smart decisions.
However, that is not all. According to CoinGecko, for example, Bitcoin has a market share of just under 38%. While this number is not as high as in 2017 or even 2021, it is a significant portion. Broadly speaking, that means that whatever happens to Bitcoin, the rest of the altcoin market is bound to see a ripple effect. Ergo, even if you just like altcoins, what BTC does will affect you.
This article will briefly review the recent performance of the cryptocurrency market, with a particular focus on its market cap, volume, and bullish/bearish ratio. The same would be extended with the use of data sets such as non-zero addresses. whale trading, et al. It will end by summarizing the predictions of the most popular analysts/platforms, while also analyzing the Fear & Greed index to gauge the mood of the market.
Bitcoin price, volume, and others analysis
At the time of writing, Bitcoin is trading at $19,397 on the price chart, having dropped 2.9% over the past 7 days. Furthermore, its 24-hour trading volume was recorded at $11.3 billion.
Không cần phải nói, biến động giá của BTC cũng có tác động đến vốn hóa thị trường của nó. Khi giá tiền điện tử đạt đỉnh ngắn hạn vào ngày 30 tháng 7, thì vốn hóa thị trường cũng vậy, với mức tăng tương tự lên 469 tỷ đô la. Vào thời điểm báo chí, nó đã giảm xuống còn 370 tỷ đô la. Không có gì ngạc nhiên khi BTC / USDT là cặp giao dịch phổ biến nhất trên thị trường, với Binance được hưởng hơn 6,3%.
Vào ngày 19 tháng 9, 620.000 mã thông báo Bitcoin đã được thêm vào tất cả các sàn giao dịch, theo Chỉ số lưu lượng giao dịch của Santiment. Do đó, hiện có $ 11,879,200,000 Bitcoin có sẵn để bán tại bất kỳ thời điểm nào.
This could be good news for investors. Especially since many will see this as a good opportunity to buy BTC. In fact, even though BTC is still far away 69% above the ATH above $69,000, there's still a lot of optimism.
For example, consider the comments of the legendary Bill Miller. He posted a while ago when he stated:
“Bitcoin supply is growing about 2.5% a year and demand is growing faster than that.”
For Miller, this growth in demand will also be accompanied by a corresponding price increase, with some targets at $100,000. In fact, Bloomberg Intelligence has applied a similar logic when it states that demand and adoption curves only reach a forecast of $100,000 by 2025.
It can be argued that in recent years, much of the demand and usage of Bitcoin has been driven by its emergence as a store of value. In fact, while some people like the technology, many others prefer Bitcoin for their return on investment. In this sense, it is worth looking at what your ROI has been. According to Messari, for example, at the time of writing, BTC gave a negative ROI of -27% and -41% over a 3-month and 1-year period, respectively.
Understandably, the aforementioned data sets are a product of how BTC has performed on recent price charts. Thanks to the most recent drop, its ROI is already negative. However, there are a few factors that seem to underline the bullish bias of the world's largest cryptocurrency.
For example, the number of Bitcoin addresses containing more than 0.1 coins reaches ATH. Furthermore, the supply-to-profit ratio of $BTC (7-day MA) also hit a 1-month high of 60.513%, while aSOPR (7-day MA) hit a 3-month high. That's not all
Furthermore, according to IntoTheBlock, 53% of investors have announced BTC price gains at press time. In contrast, 39% of holders suffered losses.
In addition, the composition of the title over time also shows something positive. A total of 62% have kept their funds for a period of more than a year, while 32% have held their funds from one to 12 months.
Showing more support for holdings, Glassnode also highlighted something similar. BTC addresses with 1 BTC balance hit a new high.
That's not all. In fact, despite the bearish outlook, the adoption rate cannot fail to satisfy the crypto credentials.
Speaking of adoption, BTC acquiring the giants of this game (big fork) also reiterates the trend. For example, check out MicroStrategy's latest wave.
In a prospectus filed with the SEC on September 9, the company intends to sell $500 million worth of stock to fund further purchases of Bitcoin. Since 2020, MicroStrategy has purchased approximately 130,000 Bitcoins, worth more than $2 billion, using funds raised from stock and bond offerings.
"We may use the proceeds from this offering to purchase more Bitcoin," the company said in the filing.
Publicly traded software company MicroStrategy (MSTR) is already the largest Bitcoin holder
Now that background and context are taken into account, what do analysts and popular platforms say about where they see Bitcoin heading in 2025 and 2035? Well, there's only one way to find out.
Bitcoin price prediction 2025
Before jumping to predictions, it's important to identify and highlight a standout feature. Different predictions. From platform to platform, from analyst to analyst, predictions can vary considerably.
For example, consider 2025:
According to Changelly, the average Bitcoin transaction price will be $124,508 in 2025, with the platform claiming that it could hit $137,000.
On the contrary, there are reasons to believe that the uptrend of cryptocurrency will not be high. Why? Well, because cryptocurrencies are still not evenly supported by global regulatory and legislative mechanisms. With CBDCs slowly being introduced in many countries, attitudes towards cryptocurrencies are not necessarily positive either.
Finally, the past six months have also shown a tendency for most retail investors to hold their positions as the market begins to take a bloodbath.
Another interesting way to look at it is to use the evolution of technology to highlight how far Bitcoin can go.
For example, consider the simple case of Google. Despite the recent turmoil, it is expected to grow exponentially over the next 5-10 years. However, it can be argued that this growth will go hand in hand with the growth of Bitcoin and the crypto market, in general. This is due to the correlation between the two.
Bitcoin searches on Google are 7x and 42x higher than none. searches for USD and Euro respectively are proof of the same. In fact, according to studies, there was previously a 91% correlation between BTC price and Google search volume.
Bitcoin price prediction 2030
To begin with, one thing must be made clear. 2025 and 2030 are 5 years apart. Predictions are unlikely to turn out as they are. It's probably even harder when the timeframe in question is 8 years later.
However, one can see that most people's predictions for the Bitcoin price in 2030 are bullish. Now, while there's a good reason behind such optimism, it's worth noting that these forecasts don't take into account variables like black swan events.
So what are people saying?
According to Changelly, BTC could peak at around $937k by 2030, with crypto trading at an average price of $798k.
What drives these forecasts? Well, a few reasons. To begin with, most are optimistic about the scarce value of cryptocurrencies. Second, maximalists envision a future where the demand for Bitcoin is endless. Finally, with Bitcoin adoption growing 113% year-over-year, many believe that one day the price of BTC will increase just as much.
There are other, even more, optimistic forecasts. According to Parallax Digital's Robert Breedlove, for example, BTC will hit $12.5 million in 2031. Now, he says the cryptocurrency will hit $307k by October 2021. Ergo, there's a key reason worth why some people may not accept it. really.
Bitcoin price prediction 2040
2040 is 18 years from now. 18 years. Even Bitcoin is not yet 18 years old.
Needless to say, price forecasting for 2040 is even more difficult, given a host of uncertainties. For the sake of argument, assuming all else remains the same, how is BTC likely to perform on the charts in 2040?
Well, some have tried to answer this question.
According to Telegaon, BTC will have an average trading price of $553k, “depending on market trends,” by 2040. He went on to predict,
“Our top price prediction for Bitcoin is $618,512.87 in 2040. If the market turns bullish, Bitcoin could outperform our BTC price forecast in 2040.”
Others are more ambiguous, with some multimillion-dollar valuations with no definite timeline for them. Perhaps, this is also for good reason. After all, blockchain and crypto trends could change in 2040. Furthermore, who knows what will happen if Bitcoin's growing adoption doesn't match up with a corresponding push to solve determine its speed and scalability.
Also, for all its growth, it is hard to see the cryptocurrency outperforming the price dynamics that come with its supply and demand. In fact, look no further than a few months ago, when many miners like Riot Blockchain and BitFarms became net sellers of Bitcoin.
Here, it is worth noting that according to a Finder poll, many believe that HyperBitcoinization will be upon us in 2040. Perhaps even in 2035. These events will certainly determine where BTC will be. where in 2040.
These forecasts are not set in stone. Not even remotely. As mentioned, pretty much everything could change in 2040, 2030, or even 2025. However, if you're an investor, it's best to keep an eye on what they are.
Just consider the latest BTC price action as a similar example. Last week, the cryptocurrency was trading close to $24,000 – the level of optimism is high. However, at press time, it is quite the opposite, with many worried that the cryptocurrency will soon fall back below $20,000.
Now, it should be noted that there is a good reason behind the aforementioned price drop. This is attributed to US Federal Reserve officials reiterating their determination to keep raising interest rates until inflation is contained. The drop in the price of BTC thus mimics the drop seen in the stock market, which is not surprising, especially since there is a consistent correlation between Bitcoin prices and US stocks. In fact, it's correlation,
"...marks the strongest correlation since 2010 between digital assets and key stock indices like the S&P 500 and Nasdaq."
According to CoinGlass, the size of the aforementioned drop was more than $220 million in cryptocurrencies liquidated, of which Bitcoin accounted for almost half.
Now, while that's the case on the price front, it's also worth considering what's happening at the bottom. Consider this: According to the AASA indicator, although BTC has been bullish recently, this is not supported by an increase in relation to active addresses on the network. The same was recently pointed out by the founder of LookIntoBitcoin.
Needless to say, there's still a lot of optimism. Consider the view of CryptAM's Niraali Patel, for example, a Finder board member-
“We need to think about the long-term effects of Bitcoin and proof-of-work crypto. Once mined, this will be the next great store of value like gold. The halving is expected to take place in 2024, and by definition, this should drive up the USD price of Bitcoin quite a bit. For this reason, I think this is the time to buy. After the halving, BTC will be worth at least $100,000."
Oct 14, 2022