Bitcoin Price Prediction

Last Updated January 30th 2023
23 Min Read

Bitcoin (BTC), the coin that started it all, had an absolutely bad year in 2022 and reminded us all that cryptocurrency really can be really volatile. And now investors are asking what could be the value of Bitcoin and can BTC make you richer in 2023? Or, in the worst-case scenario, can Bitcoin become worthless? Before we uncover our Bitcoin price predictions for 2023-2030, we should first take a look at Bitcoin’s live price and Bitcoin’s market cap.

Bitcoin Overview

BTC Overview

Cryptocurrency Bitcoin
Ticker Symbol BTC
Rank 1
Price $23,704.39
Price Change 24h 2.05%
Price Change 7d 4.20%
Market cap $456,943,813,297.62
Circulating Supply 19,276,756
Trading Volume $25,708,748,321.10

According to our long-term Bitcoin price prediction, the price of Bitcoin will reach $33,748 by the end of 2023, rising to $54,712 by the end of 2024 and $76,117 by the end of 2025. Bitcoin will then rise to $161,118 in 2027, and $210,923 in 2030.

How realistic are these Bitcoin price predictions given the current Bitcoin price? If you’re still asking yourself ‘is Bitcoin a good investment?’ — we’ve got you covered. We’ll run through our BTC/USD price predictions for 2023 and the rest of the decade.

 

Bitcoin price predictions 2023, 2025, 2030

The Bitcoin price is expected to rise in the coming years. Here are a few milestones we predict the price of BTC will hit.

According to our long-term Bitcoin price prediction, the price of Bitcoin will reach $33,748 by the end of 2023, rising to $54,712 by the end of 2024 and $76,117 by the end of 2025. Bitcoin will then rise to $161,118 in 2027, and $210,923 in 2030.

  • End of 2023: Bouncing back from a decline in 2022, Bitcoin will see highs above $33k again in 2023 and reach a top price above $35,000.
  • End of 2025: With the crypto market still ablaze from the 2024 halvening, BTC is set to smash past $75k and reach a new high above $77k in 2025.
  • End of 2030: With the acceptance of BTC reaching epic proportions in 2030, Bitcoin will appreciate above $200k per coin to hit an all-time high above $210k.
 



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BTC — Can Bitcoin Be Digital Gold? 

Bitcoin cryptocurrency

The Bitcoin ticker is ‘BTC’, and you will see Bitcoin and BTC used interchangeably here and there. A maximum of 21 million BTC can ever exist. Though technically speaking, the supply is even more limited, supposedly 3.7 million are lost forever (of which 1 million belong to Satoshi Nakamoto). The last BTC will likely be mined by 2140.

And, how many satoshis are in a Bitcoin? Bitcoin can be broken down into eight decimal places. These units are named ‘satoshis’, after Bitcoin’s creator. The smallest amount of satoshi that can exist is 0.00000001 BTC.

Bitcoin’s key rivals include:

  • Bitcoin Cash (BCH)
  • Bitcoin SV (BSV)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Dash (DASH)

Historical Bitcoin (BTC) Price Movements

Analysing Bitcoin’s price history is one of the first things you should do when considering investing in BTC. Let’s look over some of Bitcoin’s most important price movements.

What was Bitcoin’s starting price?: Bitcoin was worth $0 when it was first introduced to potential users in 2009. BTC wasn’t given value until July 2010, when exchanges began to sell it for $0.09.

Highest Bitcoin price ever: Bitcoin’s all-time high is $68,789.63, which it reached on the 10th of November 2021.

What was Bitcoin’s lowest price?: CoinMarketCap records Bitcoin’s all-time low as $65.53 on the 5th of June 2013.

In 2021, Bitcoin started the year at $29,374.15, hit its all-time high above $68k, and ended the year at $46,306.45. BTC’s 52-week low is $28,893.62.

Bitcoin Price Chart

Bitcoin price chart

BTC/USD price chart. Source: Coinmarketcap

Technical Analysis Of Bitcoin’s (BTC) Price Movements

When you study the past performance of a cryptocurrency, you familiarise yourself with how it moves. Some are more volatile than others, and some increase or decrease in a certain way. Technical analysis will enable you to make better Bitcoin price predictions.

From the graph above, Bitcoin price analysis shows that BTC clearly saw its biggest gains in 2021, prior to this Bitcoin had difficulty climbing back to its previous all-time high of almost $20k in 2018 — particularly in 2019. Though with every price correction, BTC has managed to escape at the other end slightly higher than when it started.

The Bitcoin price from 2009 to 2018 was also a highly interesting period. The asset went from virtually nothing to thousands of dollars per coin in a few short years. Much of this enormous rise has been attributed to the Bitcoin halvening.

Ready to invest in BTC?

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Expert’s Take On Bitcoin Price Predictions

Let’s take a quick look at the latest Bitcoin price predictions across the web. Only Trading Beasts estimates a drop in the BTC price.

As per the forecast and algorithmic analysis, the the price of 1 Bitcoin (BTC) will be around $104,047.38 in 2028.

CryptoGround

According to the forecast, the price of Bitcoin may drop to $6264.812 by the end of the year.

WalletInvestor

According to the latest long-term forecast, Bitcoin price will hit $19,084 by the end of 2023 and then $45,355 by the middle of 2029.

Coin Price Forecast

The price of Bitcoin is predicted to reach [a] minimum level of $22,701 in 2023. The Bitcoin price can reach a maximum level of $27,689 with the average price of $23,363 throughout 2023.

Price Prediction

Bitcoin could possibly increase in value in the short term by +36% to $22,808.96 from $16,820.91. The system forecasts a +42% move from $16,820.91 to $23,812.56 over the next month, Bitcoin has a price prediction of $28,993.46 in over a years time.

Coinskid

As per the forecast data analysis, the price of BTC is expected to reach a minimum price of $15,043.29 by the end of 2023. In addition, the BTC price is capable of getting a maximum level of $36,983.71. According to our current Bitcoin price prediction, the value of Bitcoin will increased by 212.32%, reaching $61,141.83 by end of 2025.

DigitalCoinPrice

Future price of the asset is predicted at $49,498.89 (197% ) after a year according to our prediction system.

Gov Capital

The price of Bitcoin is predicted to reach at a minimum level of $35,221.65 in 2025. The Bitcoin price can reach a maximum level of $41,515.79 with the average price of $36,208.84 throughout 2025.

ICOcreed

By the end of  2025, the Bitcoin price is forecasted to be on average $18,805. The expected maximum price is $23,507, minimum price $15,985.

Trading Beasts

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Bitcoin (BTC) Price Prediction: 2023 - 2030

A long-term investment in Bitcoin is generally believed to be the better option with many BTC holders holding on tight to their Bitcoin. Our Bitcoin price prediction also suggests that this could be the case, suggesting that the value of BTC will rise to $33,000 by the end of 2023, $54,000 in 2024, and achieve a mean price of $76,000 by 2025 — an increase of over 275% in three years.

Aside from analysing Bitcoin’s historical prices, we also need to look at what causes Bitcoin prices to fluctuate and how the Bitcoin price is determined. You can then factor these into your Bitcoin price predictions and answer the question ‘should I invest in Bitcoin?’

Like any limited commodity, supply and demand hugely affect the price of Bitcoin. 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 a Bitcoin halving, causing some investors to think of it as a form of artificial inflation.

This factor will have a less volatile effect once the maximum supply of Bitcoins has been issued. However, current estimates predict that this won’t happen until around the year 2140.

Media coverage is also hugely important when it comes to drumming up investor interest in cryptocurrency. Back in 2017-2018, renewed interest in BTC (along with the rest of the crypto market) was largely driven by a media frenzy. The more coverage the skyrocketing prices received; the more people began to invest. This created an imbalance between supply and demand that caused the price of Bitcoin to soar.

At the end of 2020, we saw this again. When the payments network PayPal announced that it would enable people to store BTC in their PayPal wallets, Bitcoin hit the headlines with a vengeance, giving many would-be investors the push they needed to add BTC to their portfolios. The fact that Bitcoin was gaining real-world applications countered worries that it was too impractical to rival fiat currency.

Another factor that can potentially affect the price of Bitcoin is market competition. When new altcoins enter the market, or other high-ranking cryptocurrencies start to attract elevated levels of investor interest, it can cause traders to start focusing on alternative forms of crypto. This is particularly true when it comes to Bitcoin Cash. The Bitcoin hard fork is a third-generation cryptocurrency that many people believe is superior to BTC as it was designed to solve some of the problems that plague the king of cryptocurrency.

However, the good news is that Bitcoin is far more resilient to market competition than most altcoins. In over 10 years, it’s never lost its status as ‘digital gold’, even though new cryptos might be technically more robust or scalable. Changes in Bitcoin’s price often foretell similar movements across the industry as a whole. Many analysts have noticed that bullish or bearish BTC runs are closely mirrored by other cryptos, although the opposite doesn’t seem to be true.

Then there’s regulation. The world of cryptocurrency has been mostly 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 a result of future taxation measures or new restrictions.

Bitcoin halving (also sometimes known as ‘halvening’) is an event that’s designed to control the circulation of Bitcoin tokens and make the cryptocurrency more scalable.

Because the maximum supply of Bitcoin is capped at 21 million, the halving is set to occur each time 210,000 new blocks are added to the blockchain, something that roughly equates to once every four years. This process means that the reward for mining new Bitcoin blocks is slashed in half, slowing the pace at which we’ll max out the supply. There are currently 18.8 million BTC in circulation (90% of all BTC) and current estimates suggest we’ll reach 21 million in the year 2140.

The 2016 Bitcoin halving saw the price of BTC increase by an incredible 93% throughout the rest of the year. Before the last halving occurred in 2020, investors noted that if the cryptocurrency followed a similar pattern again, we could feasibly see the price of Bitcoin rise to around $15,000 before the end of the year. Sure enough, we did!

Looking at Bitcoin from all perspectives (including the negatives), Bitcoin has a lot of potential as either a short-term investment (one year) or a long-term investment (five to 10 years). Here are our Bitcoin price predictions for 2023 to 2030.

Bitcoin (BTC) Price Prediction 2023

2023 will likely be a year of recovery for Bitcoin as it bounces back from its decline at the beginning of the year. Building momentum, BTC/USD can cross the $60,000 barrier and work its way to a median of $30,000 by the end of 2023. During this period, our short-term BTC price prediction anticipates a high of $33,750 and a low of $28,522.

Bitcoin (BTC) Price Prediction 2024

Bitcoin halving will most certainly impact the price of BTC in 2024 and the block reward is halved. Bitcoin will start off 2024 strong as the growing in the crypto market will continue to find new ways to market Bitcoin to new traders who have never invested in crypto before. Starting 2024 at either $34,500 or $36,500, if BTC does well our short-term Bitcoin price prediction suggests a high of $59,833, and if it does poorly, we may see a low of $44,607. Ending 2024 at $50,000, Bitcoin can achieve an average yearly price of $54,750.

So, ‘should I invest in Bitcoin?’ Our short-term cryptocurrency predictions suggest a healthy upwards trend is in the making for the next few years. The predictions for 2023 to 2024 are varied, ranging from $32,522 to $76,506. If you think Bitcoin could do better in the long-term, let’s take a peek at Bitcoin price predictions for 2025 to 2030. What could we expect from long-term Bitcoin price predictions?

Bitcoin (BTC) Price Prediction 2025

In 2025, we’ll likely see the full effects of Bitcoin’s 2024 halving which could potentially start another bull run. Managing to maintain a yearly low of $65,000 for 2025, Bitcoin can jump to a maximum price of $78,000 and then dip to $70,500 by the end of the year. Securing an average of $76,117 in 2025, our long-term Bitcoin price prediction estimates that BTC/USD will increase 334% since the beginning of 2023.

Bitcoin (BTC) Price Prediction 2026

By 2026, Bitcoin miners will likely stop selling their Bitcoin which will make the asset far scarcer and boost its value dramatically. Based on our forecasts, Bitcoin has a high estimate of $105,000, a low estimate of $75,000 and an average price of $85,000. At the close of 2026, our Bitcoin price prediction indicates BTC will be worth $95,895.

Bitcoin (BTC) Price Prediction 2027

Institutional investors will start to buy up Bitcoin like there’s no tomorrow by 2027 as it proves itself to be a solid investment. Our four-year Bitcoin price prediction puts BTC at $110,000 at the start of 2027 and suggests it may decline to a low of $95,000 but later increase to a top price of $161,000. At the end of 2027, Bitcoin will be worth an average price of $155,000.

Bitcoin (BTC) Price Prediction 2028

By 2028, Bitcoin could overtake gold as a store of value which could start a buying frenzy. Based on our forecasts, a long-term increase is expected in the price of BTC/USD with the highest estimate at $170,000 and a yearly average calculated at $153,289. Bitcoin will also refuse to decline lower than $106,078, as per our Bitcoin 2028 price prediction.

Bitcoin (BTC) Price Prediction 2029

An increasing number of merchants begin accepting Bitcoin as a payment option in 2029, increasing its utility. At the highest, Bitcoin will be worth $195,000 and at the lowest, $165,500 as indicated by our 2029 Bitcoin price prediction. Bitcoin will close 2029 at $200,845 and accomplish an average of $189,813 for the year.

Bitcoin (BTC) Price Prediction 2030

In 2030, we could see the price of Bitcoin balloon to epic proportions as whole countries begin accepting it as legal tender. Appreciating 1,856% over its 2022 all-time high by 2030, Bitcoin is estimated to reach a maximum of $210,000. Our long-term Bitcoin price prediction also foresees an exceptional low of $190,000, a yearly average of $200,000 and an acceptable $205,000 by December 2030.

Bitcoin Price Prediction 2040

It is almost impossible to make Bitcoin price prediction for the very long run, However if the price of the leading coin continues to increase over the next 15 years, we think that BTC's market cap is likely to be higher in 2040 than today. The price of Dogecoin may reach the $1,000,000 mark in 2040. 

Potential Highs And Lows Of Bitcoin (BTC)

The most important thing Bitcoin must tackle is its energy consumption in a world that’s increasingly concerned with climate change. (On that note, it’s important to consider that the system that Bitcoin could replace could be consuming more energy than BTC.) For this to happen, miners will need access to cleaner energy sources.

Regulation is another hurdle, but with Bitcoin’s current size and influence, it would seem unlikely that regulators will be too aggressive towards it. That said, they will still likely want to show that they are in charge, so it won’t be a 100% clean procedure.

On a technical level, Bitcoin must find a way to scale and speed up its service (without sacrificing security and decentralisation) for it to be truly usable. Most likely, this will not happen, but that won’t necessarily impact the price of Bitcoin because it has become a store of value and therefore doesn’t need to be too practical. Most likely, other cryptocurrencies will fill the gap of fulfilling regular, everyday transactions.

The below prediction figures outline the potential highs and lows of Bitcoin price prediction forecasts for 2023, 2023, 2024, 2025, 2027, and 2030 offered by technical analysts and industry experts.

According to our long-term Bitcoin price prediction, the price of Bitcoin will reach $33,748 by the end of 2023, rising to $54,712 by the end of 2024 and $76,117 by the end of 2025. Bitcoin will then rise to $161,118 in 2027, and $210,923 in 2030.

Year High Low
2023 $35,000 $28,000
2024 $54,000 $48,500
2025 $76,500 $57,653
2026 $105,000 $78,361
2027 $160,000 $110,000
2030 $210,000 $180,000

 

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

What’s The Point Of Bitcoin?

Bitcoin cryptocurrency

Bitcoin was the first move towards a decentralised financial system, one controlled by the people, not by governments, banks, and financiers. An immutable system that couldn’t be manipulated or changed and completely open so everyone could see what each other was doing (which is sometimes seen as a bit of a drawback).

The first Bitcoin was mined on the 3rd of January 2009, and it took a while for people to start seeing any value in it (even today many don’t understand how it has any value). There were even ‘Bitcoin faucets’ which used to give out Bitcoin for free in an attempt to get people to use it.

Early on, Bitcoin’s image was marred by people using it as a way to purchase drugs or other illegal products or services on platforms like Silk Road. This still troubled image still haunts Bitcoin in some circles, particularly around politicians and older people.

Today, as Bitcoin moves away from its awkward early beginnings, it has largely put its dodgy past behind it and is seen as more of a store of value than a way to commit crimes. When discussing Bitcoin, politicians are more likely to mention its volatile nature and its energy consumption.

Some of Bitcoin’s benefits include:

  • Most popular and decentralised cryptocurrency in the world.
  • Most secure cryptocurrency (because of its decentralisation).
  • Tipped to replace gold as the top store of value and a hedge against inflation.
  • Price movements impact the entire crypto market (Bitcoin dominates 41.7% of the crypto market).
  • Cuts out third parties such as banks.
  • Legal tender in El Salvador and most accepted crypto for payments by merchants.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Who Created Bitcoin?

Bitcoin was created by Satoshi Nakamoto who disappeared in December 2010 (almost two years after the first BTC transaction). Many people have their suspicions about who he was, and others have come forward claiming to be him, but none have successfully been able to prove it.

For some context, in 2008 a financial crisis shook the world, and many were outraged that the people responsible for it got away — many of the top financial institutions that caused the crisis were even given bailouts to ensure they could continue working. As a result, a significant amount of trust in politicians and financial institutions evaporated.

Nakamoto wanted to create a new system detached from these financial institutions, a peer-to-peer system that would not require banks or other third parties to validate transactions.

Today, Bitcoin’s development is mostly handled through Bitcoin Core, a software client used by developers to perform a number of operations to maintain the Bitcoin network. No one entity controls Bitcoin.

Users can make ‘Bitcoin Improvement Proposals’ (BIPs) to suggest changes and improvements to Bitcoin. These are published on GitHub.

Disagreements over Bitcoin’s development led to the creation of Bitcoin Cash and Bitcoin SV. At both points, supporters from these communities wanted to return to Nakamoto’s original ideas.

Bitcoin’s latest update:

  • Taproot — Bitcoin’s first major update since 2017, improves privacy, efficiency, and better enables Bitcoin to facilitate smart contracts.

You can check GitHub for other BIPs, though do note that many will likely be rejected or withdrawn.

What Can You Do With Bitcoin?

Bitcoin was the first cryptocurrency and with its creation came blockchain technology which has applications far beyond transacting value.

Bitcoin is a proof-of-work cryptocurrency and the first of its kind. At the time, this was the only consensus mechanism — proof-of-stake was yet to be invented.

Bitcoin mining has become a huge industry. Several companies have since created ‘mining pools’, which pool their resources together to mine Bitcoin and share the profits. When new blocks are validated, miners are rewarded with a fee plus newly minted BTC. As more people mine Bitcoin, the hash rate increases, and it becomes harder to mine BTC. The amount of Bitcoin minted also decreases every four years in what is known as a ‘Bitcoin halving’.

A public ledger can be used to track transactions. Though users are anonymous, you can track where BTC goes. Funnily enough, people not so educated with Bitcoin often claim that Bitcoin is for making illegal purchases, laundering money, or avoiding taxes, but because of the open ledger, it’s actually easier to trace transactions with Bitcoin than with the current financial system.

Though the idea of Bitcoin has largely remained the same since its launch, on a technological level, there have been some changes, such as the introduction of SegWit and the Lightning Network.

SegWit, short for ‘segregated witness’, was implemented to remove ‘signature’ information from blocks to make transactions smaller and therefore fit more per block, speeding up the number of transactions per block.

The Lightning Network, in short, creates channels between Bitcoin (and Litecoin) users where they can exchange BTC off the chain. This improvement lessens congestion on the Bitcoin network and allows transactions to move faster.

Read Also: Is Bitcoin (BTC) Still A Safe Investment?

Who Owns Bitcoin?

46 million Americans own BTC out of 106 to 114 million people around the world. This makes Bitcoin the most popular cryptocurrency in terms of users.

Bitcoin is by far the most accepted cryptocurrency by merchants. Some of the largest companies that accept BTC include: 

  • Microsoft
  • Burger King
  • Virgin Galactic
  • AMC

Many are tech companies, though there are also a wide variety of retailers and restaurants, and charitable organisations too. Some services also accept BTC for gift cards which can then be used to purchase products and services elsewhere.

It’s also worth noting that if Bitcoin is successful in El Salvador, it could increase the number of users by almost 6.5 million.

Bitcoin Price Prediction — Conclusion

We’re all pretty aware of Bitcoin’s failings, but its strengths far outweigh them, as our Bitcoin price predictions suggest. First and foremost, if Bitcoin can keep attracting new investors, these issues will become smaller and smaller. The adoption of Bitcoin is key to Bitcoin price predictions more than anything else.

Bitcoin has proven not to be a bubble several times already. An asset in a bubble doesn’t inflate, pop and then keep growing. BTC is here for the long run.

If you’ve been scouring the internet for the top Bitcoin price predictions for the rest of the decade, we hope this article was helpful. Investing in crypto is fraught with risk so a well thought out risk management strategy is needed before you add BTC to your portfolio. Despite this, current trends suggest the value of Bitcoin will ultimately rise by around 2,808% by the year 2030.

Following our Bitcoin price predictions, it would appear that investors can get the most out of BTC in the long run with the charts suggesting it could be a smart investment for those who are happy to take long-term positions.

What Will Happen To The Price Of Bitcoin (BTC) In 2023?

In 2023, the price of Bitcoin will perform better than in 2022, though it will not retest its current all-time high of $68,000. Instead, BTC/USD will reach a top price of $33,238 in 2023, and on the downside, it will not decline below $30,000.

What Will Happen To The Price Of Bitcoin (BTC) In 2025?

We forecast that 2025 will be the year that Bitcoin smashes past the $70,000 and $75,000 price barriers. At the highest, our 2025 Bitcoin price prediction puts BTC at $75,533.

Will Bitcoin (BTC) Hit $100k?

After reaching $68,000 in late 2021, the likelihood of Bitcoin surpassing $100k has only gotten stronger. Our Bitcoin price prediction says the $100k barrier can be breached by 2026 at the earliest.

Will Bitcoin (BTC) Reach $1 million?

Bitcoin certainly can reach $1 million per coin, especially if it continues to grow in popularity. At the earliest, our BTC price prediction indicates that $1,000,000 per Bitcoin will happen by 2040.

Is Bitcoin A Good Investment?

Considering that Bitcoin has risen from a value of zero to over $68k per coin, it is safe to say that it is a good investment. Bitcoin price predictions suggest the BTC will further appreciate in the coming years.

Here are some important questions investors should be asking themselves right now.

Is It Too Late To Buy Bitcoin?

While Bitcoin has increased massively since its creation, that does not mean that it’s too late to buy. For starters, as a highly volatile asset, you can still profit from price fluctuations in the short-term, and in the long-term, experts strongly suspect that Bitcoin will continue to rise as it becomes more accepted.

Is Bitcoin A Profitable Investment?

An ROI (return on investment) of 31,106.39% is unmistakable evidence that Bitcoin is a profitable investment. Furthermore, price forecasters strongly believe that BTC will rise in the coming years.

Is Bitcoin A Good Investment For The Future?

The number of prominent Bitcoin supporters only seems to be increasing and with Wall Street financiers buying up more and more BTC, it seems likely that central banks across the globe will eventually greenlight Bitcoin.

Is Bitcoin A Risky Investment?

Yes, without a doubt, it is still risky to invest in Bitcoin. There are still plenty of countries where owning Bitcoin can be dangerous, and regulators are still finding the right way to regulate it. That aside, it is one of the safer cryptos to own.

Is Bitcoin Safe To Buy?

Bitcoin is one of the safest cryptocurrencies to buy. Bitcoin’s blockchain has never been hacked and it has never had downtime. That said, remain cautious of scammers — you’re more likely to lose your BTC to a scammer than by any fault of your own.

Is Bitcoin A Good Buy?

In 2021, Bitcoin performed even better than Amazon, Facebook, and Tesla stock. So, Bitcoin can be said to be a good buy — but that’s only if you invest wisely and steer clear of volatile periods.

Is It Smart To Buy Bitcoin Now?

With current Bitcoin price predictions suggesting that BTC will continue to rise for the foreseeable future, it would be pretty smart to buy now before it gets too expensive.

Can I Mine Bitcoin At Home?

Not really. Back in the 2010s, when Bitcoin was just starting out, mining Bitcoin from home would have been a great idea. Today, with much of the mining power controlled by a few mining pools, mining difficulty is extremely high, meaning you will need immensely powerful machines to compete. If you want to get into Bitcoin mining, it is better to join a mining pool than to go it alone.

How Do I Purchase Bitcoin?

Bitcoin is widely available at any reputable crypto exchange (at the bare minimum, they should offer BTC. Once you are sure that a crypto exchange is safe to use, create an account, fund it with fiat or crypto and buy BTC. It is highly recommended that you transfer your newly purchased Bitcoin to a Bitcoin wallet to keep it safe (crypto exchanges have been hacked many times before).

How Can I Get Bitcoins For Free?

In the past, there were ‘Bitcoin faucets’ that used to give away BTC for free to encourage people to adopt it. Today, these faucets have dried up and in their place, some websites offer ‘free Bitcoin’, but it is often in return for completing small tasks, so it’s not really for free.

Where To Buy Bitcoin?

To keep your money safe, stick only to well-known crypto exchanges. We believe eToro is the best option as it is regulated in several countries and also offers stocks trading.

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

FAQs

Is Bitcoin A Pyramid Scheme?

Nope, Bitcoin is not a pyramid scheme — there is no promise of a return if you invest in Bitcoin and people do not earn anything from encouraging you to own it. That said, as Bitcoin becomes more popular, it will likely increase as the supply becomes scarcer.

Is Bitcoin Safe And Legal?

Bitcoin is safe (if you keep it safe) and depending on where you might be in the world (and how you use it), not always legal. Before you buy Bitcoin, understand the laws around crypto assets in your country and the tax laws associated with them.

How Many Bitcoins Are Left?

Approximately 9% of Bitcoin is left to be mined and entered into circulation. Current estimates suggest that by 2140, all BTC would have been created. Do note though, that up to 3.79 million BTC is considered ‘lost forever’, and as the mining reward continues to decrease, we may see miners begin to hoard their supply.

Can Bitcoin Be Stolen?

Bitcoin can be stolen if you are not careful. Never reveal your private keys, don’t send your Bitcoin to people you don’t trust, and never leave it in an exchange (many of the biggest Bitcoin thefts have happened on crypto exchanges).

When Did Bitcoin Start?

Bitcoin first became operational on the 3rd of January 2009 after the first block was validated, 13 years ago.

Who Owns The Most Bitcoin?

The mysterious figure Satoshi Nakamoto is believed to own up to 1 million Bitcoins. Elsewhere, according to data from BitInfoCharts, Binance owns upwards of 369,198 BTC in its two largest wallets and BitFinex owns at least 168,010 BTC. Michael Saylor’s MicroStrategy supposedly owns up to 125,051 Bitcoins.

Does Warren Buffett Own Bitcoin?

As far as we are aware, Warren Buffet doesn’t own any Bitcoin. On the contrary, he is vehemently against Bitcoin and likely will never buy any.

Is Bitcoin Predicted To Go Down?

No, our Bitcoin price predictions suggest that in the long-term Bitcoin will appreciate. However, do not expect Bitcoin to continuously increase — it will have periods where it will decline and stagnate.

Will Bitcoin Go Back Up?

Bitcoin price predictions strongly suggest that Bitcoin will recover and hit several new highs in the next few years.

What Will Be The Value Of Bitcoin In 2023?

The value of Bitcoin in 2023 will increase up to $30,700 at the very highest and end the year at $33,000, according to our Bitcoin price predictions. Bitcoin will likely not hit a new all-time high in 2023 (but it might get close).

What Will Bitcoin Be Worth In Five Years?

In the next five years, we have calculated that the price of Bitcoin can touch a high of $100,000. That’s a 373% increase from today price.

What Will Bitcoin Be Worth In 2030?

Bitcoin will spend much of 2030 above $150,000 and could hit a mind-blowing $170,000 per coin, according to our Bitcoin price prediction.

What Will Bitcoin Be Worth In Ten Years?

Ten years reaches slightly beyond our Bitcoin price prediction, however, given its rate of appreciation, it would not be too unusual to suggest a high of up to $200,000 per BTC.

Will Bitcoin Crash?

Bitcoin will definitely crash in the future. It already has crashed multiple times as it is a highly volatile asset — but despite this, it continues to come back even stronger. Crashes are just a part of owning Bitcoin.

Will Bitcoin (BTC) Go Up?

Current Bitcoin price prediction data and market sentiment strongly imply that we will see an increase in the price of Bitcoin in both the short and long term.

How Will Bitcoin ETF Affect Price?

It is expected that Bitcoin ETFs will increase the volatility of BTC as it will enable more people to trade Bitcoin (traditional investors who would rather not directly own BTC) making the asset more liquid.

Will Bitcoin Rise?

Indefinitely Bitcoin will rise. Aside from our optimistic Bitcoin price prediction which suggests that BTC will increase over the coming years, historically, Bitcoin’s lows have gotten higher, suggesting an underlying upwards trend.

What Price Could Bitcoin Reach?

According to the latest Bitcoin price prediction, the price of Bitcoin could reach $33,748 by the end of 2023, rising to $54,712 by the end of 2024 and $76,117 by the end of 2025. BTC will then rise to $161,118 in 2027, and $210,923 in 2030.

Further Reading:

Is Bitcoin (BTC) a Good Investment?

How Does Bitcoin Mining Work?

Six Reasons Why Bitcoin Has Intrinsic Value

Best Methods On How To Earn Bitcoins Fast

Should You Buy Bitcoin?

Disclaimer: 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 cannot constitute a commitment or guarantee on the part of Trading Education. 

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