Bitcoin Price Prediction Forecast: How Much Will Bitcoin Be Worth In 2021 And Beyond?
BTC Price Prediction Forecast:
How Much Will Bitcoin Be Worth In 2021 And Beyond?
Will Bitcoin go up or crash? Read our Bitcoin BTC Price Prediction 2021 – 2025
On the hunt for Bitcoin prediction 2021 - 2025? You’re in the right place. We’ll be sharing the top Bitcoin price prediction for 2021 and beyond. we’re taking a look at Bitcoin BTC to find out what the experts have to say about its future performance and how much will Bitcoin be worth in 2021 and beyond.
Ever since Bitcoin came to our computers in 2009, the world of cryptocurrency has been famously hard to predict. Some people believed that crypto would never take off, while others thought that it would replace fiat money within a matter of years. Neither of those outcomes has happened yet — but we have seen the price of Bitcoin skyrocket and crash numerous times in the last decade.
Because Bitcoin is notoriously volatile, predicting its price with any accuracy can be tricky. However, the good news is there are many crypto experts who are well-placed to make informed (and potentially accurate) predictions about its price in the years to come.
In this article, we’ll be taking a look at some of the top Bitcoin price predictions for 2021, 2022, and beyond. Whether you’re an experienced investor looking to beat the markets or a casual trader who wants to keep up with the latest cryptocurrency trends, read on to find out more about the Bitcoin price prediction today.
If you want to buy or invest in Bitcoin BTC quickly and easily, with 0% commission, check out eToro Exchange!
Short-Term Bitcoin Price Prediction: 2020-2021
Bitcoin Price Prediction for 2020
What are crypto experts forecasting for Bitcoin BTC in 2020?
Now that 2020 is well underway, let’s begin by taking a look at what the rest of the year could have in store for Bitcoin investors.
Due to the coronavirus pandemic, 2020 has been a turbulent time for almost every crypto — and Bitcoin is no exception (despite being known as the king of cryptocurrency). When global lockdowns started happening back in March, the financial markets took such a sharp tumble that it’s now been dubbed ‘the coronavirus crash’.
Between the weekend of the 7th and 8th of March and Friday 13th, the price of Bitcoin crashed from more than $9,000 to around $4,000. This was largely the result of ‘flash crashes’ that happened throughout the 12th, as investor confidence began to fall rapidly with the spread of COVID-19.
The cryptocurrency market has now largely recovered, especially when it comes to big names such as Bitcoin and Ethereum. At the time of writing, Bitcoin’s market cap is $289,313,839,804 and its price is now $15,606.22 — the highest it’s been since January 2018, when it hit $13,412.44. We can see this reflected in the chart below, which comes from the financial news site In2013dollars.com:
So what’s next for Bitcoin now that it’s recovered from such a tumultuous year? John McAfee may have made the wild prediction that the price of Bitcoin would hit a staggering $1 million before the end of 2020, but the majority of predictions have been a little more modest.
According to Cryptopolitan, one factor which could impact the price is the Bitcoin halving which occurred back in May. Bitcoin halving is an event that occurs in order to control the circulation of Bitcoin tokens and make the cryptocurrency more scalable. As the maximum supply of Bitcoin is capped at 21 million, the halving (also sometimes known as ‘the halvening’) is set to occur after 210,000 blocks, which equates to roughly once every four years. This process cuts the reward for mining new blocks in half, with the idea that this will slow the speed at which new Bitcoin tokens are generated.
After the last halving in 2016, the price of Bitcoin saw an incredible 93% increase throughout the rest of the year. If the cryptocurrency followed a similar pattern this time around, we could feasibly see the price of Bitcoin rise to above $15,000 before 2020 comes to an end. Considering we’ve already seen a steep increase throughout October alone, only time will tell how accurate this projection is.
Bitcoin Price Prediction in 2021
What are crypto experts forecasting for Bitcoin BTC in 2021?
Looking ahead to 2021, many Bitcoin experts have made optimistic predictions for the year ahead. The cryptocurrency YouTube channel ‘The Moon’, which is run by Carl Eric Martin, took to Twitter to share a graph that follows Bitcoin’s bullish run in 2017 — again, an after-effect of the 2016 halving. As we can see in the graph below, this shows that if Bitcoin follows the same price movements in the wake of the May 2020 halving, its price would max out at $318,438 by October 2021.
Although Bitcoin is obviously unlikely to follow this pattern exactly, past performance is often one of the best indicators to predict future success. However, not everyone has the same high hopes. The cryptocurrency platform Trading Beasts has given a less sky-high prediction, suggesting that October 2021 will see a maximum Bitcoin price of $15,121.582 and a minimum of $10,282.676. This gives an average of $12,097.266.
With such wildly different predictions, it can be hard to know what the most likely outcome is (which is precisely why cryptocurrency investing is such a risky endeavour!). We can sum up these disparate 2021 Bitcoin predictions by saying that the potential price increase is currently thought to be much more dramatic than the potential price decrease, but this doesn’t mean that the decrease is less likely to happen.
Ready to invest in Bitcoin BTC?
Long-Term Bitcoin Price Prediction: 2022-2025
What are crypto experts forecasting for Bitcoin BTC in 2022 and beyond?
Many traders and investors are keen to know what the next 5 years could have in store for the price of Bitcoin. If you’re looking for a Bitcoin price prediction 2025, or even wondering ‘should I invest in Bitcoin?’, keep reading — we’ve compiled some of the key theories from crypto experts and trading platforms.
Returning to Trading Beasts, we can see that the site has a rather more cautious approach than many of the other predictors we’ve seen. By the end of the years 2022 and 2023, it predicts the following minimum and maximum Bitcoin price prediction forecast 2022 and 2023:
- December 2022: minimum price = $11,873.556, maximum = $17,461.111
- December 2023: minimum price = $13,683.600, maximum = $20,122.941
These numbers are a lot lower than some of the most optimistic predictions for the market. For example, the TV host Max Keiser has claimed that Bitcoin will soon hit $28,000, rising to an incredible $400,000 within the next five years.
If the price of Bitcoin does hit $400,000, this will mean that the crypto has become the world’s first to achieve gold equivalence. In other words, the market cap of Bitcoin will be equal to the market cap of gold. It might seem remarkably optimistic, but Keiser isn’t the only investor to foresee such a rise. In an interview on the YouTube channel ‘Altcoin Buzz’, Mark Yusko, the CEO of Morgan Creek Capital Management, said that he thought it was “perfectly logical” that Bitcoin would reach gold equivalence in the long-term.
With a similarly bullish approach, the Bitcoin advocate and venture capitalist Tim Draper has predicted that the crypto will reach prices of $250,000 by 2023 — a prediction he first made in 2018 and has stuck to ever since. Draper believes that Bitcoin has a bright future as a serious challenger to traditional fiat currency, and believes we could soon see a return to Bitcoin’s all-time-high (ATH) of $20,000 at the end of 2017.
But even these predictions aren’t the most ambitious. Raoul Pal, CEO of an investment strategy research service called The Global Macro Investor, believes that the economy of the United States has a bleak future — and suggests that savvy investors should hedge with both gold and Bitcoin. He predicts a staggering price increase of 10,710%, with Bitcoin hitting values of $1 million by 2025!
Looking at this chart from Prime XBT, which predicts Bitcoin’s price movements up until the year 2026, we can see that the chart pattern does justify some of these price peaks:
Overall, then, what should we take away from these Bitcoin price predictions? If you’re still wondering ‘is Bitcoin a good investment?’, you might feel reassured by the fact that many crypto investors believe the token is set for a bright future. The general consensus among experts is that the price of Bitcoin is likely to rise over the next couple of years — and could skyrocket in the longer term.
However, given the price predictions in this article, it’s never too late to invest in or trade Bitcoin and take full advantage of its volatility.
Have you considered buying Bitcoin?
Conclusion: Bitcoin BTC Price Prediction Forecast
The below prediction figures outlines some of the Potential high and low BTC price prediction forecasts in 2020, 2021,2023,2025+ offered by technical analysts and industry experts.
How Has The Price Of Bitcoin Changed In The Past?
As we mentioned earlier, past performance is one of the most important factors to consider when studying cryptocurrency trends and ultimately attempting to make the most accurate Bitcoin price prediction.
Although Bitcoin was first launched in 2009, it wasn’t listed on any exchanges until 2010. As a result, the earliest records of the price of Bitcoin are only available from this year. For much of 2010, this price hovered between just $0.06 and $0.30! It hit the $1 mark in February 2011 and then proceeded to yo-yo from under $3 to over $20. This was until 2012, when the price of Bitcoin began to climb much more consistently for over a year, surpassing $100 at some point in August 2013.
One of the earliest price jumps which Bitcoin experienced came in November 2013. Over the course of the month, the price leaped from around $280 to $979.45 — a completely unprecedented increase considering the relatively steady progress it had made until then. Just one year later, this price had slipped back down to around $350. By the time it reached highs of $900 again in January 2017, the crypto was on course to hit the thousands and has never fallen back down to that level (as of yet!).
2017 proved to be a record year, with the price of Bitcoin hitting its ATH of $20,000 after a period of rapid inflation. 2018 saw it crash again, eventually falling to around $3,300, from which point it has climbed (erratically) ever since.
When we look at the historical prices of Bitcoin, it’s clear that any future increases are unlikely to be totally linear. Investors such as Tim Draper, who believe we could be set to see a repeat of the inflation which occurred in 2017, must be aware that this inflation was followed by a period of rapid decline, when the price of Bitcoin fell by more than $10,000 in less than a year. As such, investors must either be prepared to commit to long-term positions, or decide to make a series of quick-fire trades to cash in on different price movements.
What Factors Affect The Price Of Bitcoin?
The price of Bitcoin BTC can change according to a variety of different factors. In order to make the most accurate Bitcoin price predictions 2021-2025 and to answer the question ‘is Bitcoin a good investment?’, it’s best to be aware of those factors from the start. This will indeed make it easier to predict periods of growth or decline based on cryptocurrency trends and other events that can affect the price of BTC.
Supply And Demand
Like any limited commodity, the supply and demand of Bitcoin hugely impact its price. The price of Bitcoin is driven up when the demand for new tokens is greater than the supply — something which usually happens in the aftermath of each Bitcoin halving, causing some investors to think of it as a form of artificial inflation.
This factor will become less volatile once the maximum supply of Bitcoins has been issued. However, current estimates predict that this won’t happen until around the year 2140.
Another factor that can potentially affect the price of Bitcoin — and consequently any Bitcoin price predictions — is market competition. When new altcoins enter the market, or other high-ranking cryptocurrencies start to attract high levels of investor interest, it can cause traders to start focusing on alternative forms of crypto.
Luckily for Bitcoin, it’s remained the world’s biggest crypto ever since its launch in 2009. (It’s consequently also the most widely recognised crypto, with a YouGov survey reporting that 9 in 10 people have heard of Bitcoin). This means that it’s far more resilient to market competition than other, less significant, cryptos.
The world of cryptocurrency has been largely unregulated throughout the world, but due to increasing governmental pressure, it’s becoming more closely controlled. This is creating a level of long-term uncertainty, as some investors worry that new regulations will cause the demand for Bitcoin (and other cryptocurrencies) to fall. This could be as a result of future taxation measures or new restrictions.
- Making Bitcoin price predictions can be incredibly difficult, due to the unpredictability of the market
- Bitcoin can be hugely volatile
- At the time of writing, Bitcoin’s market cap is $289,313,839,804 and its price is $15,606.22
- Bitcoin halving is one of the main factors which affects the price of the crypto
- In 2016, Bitcoin halving caused the price to increase by 93%
- According to some predictions, we could see prices above $15,000 by the end of 2020 and $318,438 by October 2021
- According to Trading Beasts, October 2021 could see a maximum Bitcoin price of $15,121.582 and a minimum of $10,282.676. This gives an average of $12,097.266
- The TV host Max Keiser, among others, has claimed that Bitcoin will soon hit $28,000, rising to the gold equivalence of $400,000 within the next five years
- In 2010, the price of Bitcoin was as low as $0.6
- The price of Bitcoin has been incredibly turbulent over the last decade, hitting highs of $20,000 in 2017
- Some of the biggest factors affecting the price of Bitcoin include supply and demand, market competition, and regulations
If you’ve been looking for a reliable Bitcoin price prediction for 2021, 2022, and beyond, we hope that you’ve found this article useful. Although it’s impossible to predict with total accuracy, analysing the past performance of the crypto is a key way in which expert investors can make future projections.
According to current predictions, we could see the price soar to almost unprecedented highs within the next 5 years — but investing in cryptocurrency is always a risky business, so it’s vital to do your own due diligence before you decide to add Bitcoin to your portfolio.
If you liked our article Bitcoin Price Prediction Forecast: How Much Will Bitcoin Be Worth In 2021 And Beyond, please give it a like and share with your fellow traders.
If you're feeling inspired to consider trading Bitcoin, or this article has provided some extra insight to your existing trading knowledge, you may be pleased to know that etoro provides the ability to trade with Crypto assets, including BTC and CFDs on up to 90+ cryptocurrencies. Crypto Traders can build a diversified portfolio with the most popular coins.
eToro – Buy Bitcoin with 0% commission
Sign up for eToro and start trading Bitcoin or copying top BTC investors at no extra charge. There are no management fees or other hidden costs involved.
75% of retail investor accounts lose money when trading CFDs with this provider.
Bitcoin Price Prediction — FAQs
Is Bitcoin a good investment?
Although investing in cryptocurrency is always risky, Bitcoin is generally considered a good investment within the industry. Its high volatility means you can use it to try and cash in on short-term price fluctuations, while the overall upward movement of the sector also means it could be a great long-term investment too.
What will Bitcoin be worth in 2030?
Predictions vary when it comes to the question ‘what will Bitcoin be worth in 2030?’. However, according to the upwards trends, many experts believe that Bitcoin could see a return to its ATH of $20,000 from 2017. Some even believe it will hit this value nearer 2025, soaring to near gold equivalence by 2030.
Can I invest $100 in Bitcoin?
Yes! The good news is you don’t have to buy whole Bitcoin tokens, which cost almost $13,000 at the time of writing. It’s perfectly possible to buy a small percentage of one token, meaning you can invest as much or as little money as you like.
Will Bitcoin ever die?
The final Bitcoin token will be issued around the year 2140. Nobody is really sure what will happen before this happens. It’s so far in the future that Bitcoin could theoretically have fallen out of favour before we hit this milestone. Alternatively, changes to the Bitcoin network could revolutionise the supply of Bitcoin and change its outlook completely.
How many Bitcoin tokens are left?
The number of Bitcoin tokens that have already been mined is over 18.5 million (the exact number changes every 10 minutes). As the total supply is 21 million, this means there are fewer than 3 million tokens left to be mined.
Disclaimer: Cryptocurrencies are highly volatile. Your capital is at risk and Past performance is not an indication of future results. Forecast and analysis reflect the views of different external and internal analysts at any given time and are subject to change at any time. Moreover, they can not constitute a commitment or guarantee on the part of Trading Education.