The BitTorrent cryptocurrency powers the world’s biggest decentralised file sharing protocol and has the potential to be one of the breakthrough tokens of the next few years. So should you be thinking about adding it to your portfolio?
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The cryptocurrency looks set to revolutionise the way we approach finance and has been one of the major breakthroughs of the digital age. However, before cryptocurrency, there was another innovation that democratised digital assets: file sharing. Back in the early 2000s, BitTorrent was the biggest name out there when it came to sharing content and continues to be the go-to choice for millions of users.
To give you an idea of just how big the BitTorrent platform is, back in 2015 it was estimated that users sending and receiving files across the protocol accounted for up to 20% of all internet traffic worldwide. Naturally, any cryptocurrency associated with the platform has some pretty serious potential.
In the following BitTorrent price prediction for 2025 and 2030, we’re going to take a closer look at the platform and what sort of an investment opportunity it presents, as well as hear from several top analysts regarding their forecasts for BTT.
BitTorrent And The History Of File Sharing
BitTorrent predates cryptocurrency by a number of years. It was actually launched in 2001 by programmer Bram Cohen. The idea was to create a peer-to-peer platform that would allow users to share files and data over the internet in a decentralised way.
Effectively, users are able to download files from a ‘seed’ on the network - i.e. someone else who has the file on their computer and the bandwidth to upload it. Once the user has downloaded the file, then the torrent protocol will ordinarily start seeding it from their PC, thus adding another ‘seed’ to the network. By having users connect to various seeds to download different parts of a file, the torrent protocols are able to optimise download and upload rates.
The idea quickly caught on and BitTorrent - along with a handful of other file sharing protocols - became the most popular way of sharing everything from PDF files to video and audio over the web. However, problems can arise when those downloading files do not continue to seed them afterwards, thus reducing the sources for that particular file within the framework.
Enter Tron
BitTorrent continued to grow and eventually boasted a huge user base, at various times said to have close to a quarter of a billion monthly users. It therefore came as a surprise when the sale of BitTorrent was announced in 2018, with Tron’s Justin Sun allegedly paying $140 million in cash for the file sharing platform.
Given that BitTorrent was actually an open source project, meaning its code was freely available, many industry experts were left puzzled as to why Sun decided to pay such a high sum for the platform. The man himself has been somewhat reticent with regards to his plans for BitTorrent, leading to much speculation.
In reality, the deal makes quite a lot of sense. Tron is a blockchain platform that seeks to revolutionise the way in which we experience digital content, effectively connecting consumers and artists directly and cutting out the middleman. Naturally, this means a platform such as BitTorrent, which plays host to untold amounts of digital content, could slot in with Tron’s objectives very nicely indeed.
One of the biggest developments so far has been Sun’s issuance of a utility token for the BitTorrent platform: BTT.
Read Also: What Is BitTorrent? Should You Invest In BTT
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What Is The BitTorrent Token?
The BitTorrent Token has some pretty intriguing use cases. It is a TRC-10 utility token that powers or will power DApps under the BitTorrent umbrella. These include BitTorrent Speed, BitTorrent File System, DLive.
BitTorrent Speed
BitTorrent Speed is effectively like a premium version of the protocol that gives users access to faster downloads. Users have the option of paying for this service with the BitTorrent token. tHE BTT is then used to incentivise seeders to keep downloads available for longer and dedicate more of their bandwidth to the network, thus providing faster download speeds.
BitTorrent File System
The BitTorrent File System is billed as the ‘first scalable decentralised storage system’ and is essentially a giant storage platform for decentralised applications. According to the BitTorrent website, the BTT token will soon be introduced to this system to incentivise ‘a fair and abundant file system’.
DLive
As the name suggests, DLive is a blockchain-based live streaming community. The platform seeks to reward broadcasters and viewers for participation on the network and BTT is due to be introduced to power this mechanism along with virtual gift giving and subscription options.
So it seems that BTT is likely to become an important part of the BitTorrent infrastructure in the coming months. The token is said to have a total supply of 990 billion. At the time of writing, there are 659,071,882,049 in circulation. The Tron Foundation is said to hold 20% of this supply, with 19% held for the BitTorrent foundation.
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Looking at BitTorrent’s Price History
There’s no denying that the BitTorrent token has potential. With a huge user base and genuinely advantageous use cases, there’s every reason to believe that BTT could explode in the coming years. However, before we proceed with our BitTorrent price predictions for 2025 and 2030, we should first look back at how the token has performed since it was first listed.
BTT hit most exchanges at the start of 2019, trading for around $0.0004. It quickly gathered momentum and within just a few weeks had risen to $0.0009. These are hardly big numbers, but they equate to BTT more than doubling in value shortly after having launched.
The first major price surge occurred at the end of May 2019. The price of BTT increased to $0.0018, representing growth of just over 200% in the space of around two weeks. BitTorrent then held its higher price throughout the summer, before a downturn took it back to $0.0002 by the end of the year.
Things then remained fairly uneventful for BitTorrent. For the best part of a year, it struggled to climb much above $0.0003 and started 2021 at a trading price of $0.0002. However, things were about to change. By February, BTT had risen to $0.0017 during the first market upswing. April then saw the token have one of the steepest price surges anywhere on the market, soaring to an all-time high of $0.0135.
Unfortunately, the price hike proved to be short lived and by July BitTorrent had plummeted to just $0.0021 per token. Since then, things have picked up a bit but BTT has experienced significant volatility in the latter half of 2021. However, at the time of writing it was trading at a respectable $0.0135, marking growth of over 6000% on its price in January.
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Who Are BitTorrent’s Major Rivals?
It’s probably safe to say that there is always going to be a high demand for file sharing services such as those provided by BitTorrent, which will be music to the ears of anyone who has invested in BTT, but what about the platform’s rivals?
The truth is, there are several other torrent platforms available, including the likes of Transmission, Zona, Deluge and BitSpirit. However, none of these have the user base that BitTorrent does. The platform’s biggest rival is uTorrent, which is arguably a more popular platform. However, the good news is that uTorrent also supports BitTorrent Speed. This means the all of uTorrent’s users are potentially users of the BTT token.
This is of course good news for those looking to invest in BTT as, realistically, the token will be the cryptocurrency of choice for the majority of those using torrents to share content online.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
BitTorrent Price Predictions For 2025
BitTorrent certainly has the numbers behind it and, as we have seen, its associated cryptocurrency has some very viable use cases on the platform. However, many of the functions of BTT are yet to be rolled out, so it's important to consider what top analysts are predicting for the token.
It would appear that most platforms are optimistic about BTT’s future, especially over the next three to four years. DigitalCoinPrice, for example, believes the BitTorrent token may have increased in value by 75% by April of 2022. Whilst the token’s price will continue to be volatile, it will finally equal one cent early in 2024, having grown by almost 200% on its current price. By 2025, DigitalCoinPrice expects BTT to see price growth equating to 230%.
Elsewhere, WalletInvestor has made a similar BitTorrent price prediction for 2025. According to its technical analysis, BTT will potentially reach $0.01 in the first half of 2023. It is then expected to continue on a slow but steady upwards trajectory, reaching a potential high of $0.016 by mid 2024 and potentially breaking $0.02 in early 2025.
TradingBeasts has made a slightly more conservative forecast for BitTorrent. It sees the token climbing by about 30% between the end of 2021 and mid 2022, however it then expects the token to suffer a protracted downturn across most of 2023. However, its fortunes will turnaround significantly in the latter half of 2024, with the token expected to be up by about 55% by November.
BitTorrent Price Predictions For 2030
Despite BitTorrent having been around for decades at this stage, any long term forecast is likely to be highly speculative and shouldn’t be a focal point for any long term investment strategy. However, BitTorrent price predictions for 2030 are still useful, as they indicate current market sentiment towards the project.
DigitalCoinPrice sees BitTorrent BTT continuing to grow beyond 2025. It has the token up by almost 300% by the summer of 2027 and 380% twelve months later. There is some fluctuation expected in the latter half of 2028 but it seems the platform expects BitTorrent to be on course for $0.02 by 2030.
Meanwhile, CoinPriceForecast has made a very similar prediction. It has BitTorrent up by around 330% in 2028 and growing steadily across the next couple of years. By 2030, the platform believes that BitTorrent will be worth an estimated $0.016 - up by 320% on its token price at the time of writing.
Finally, PricePrediction.net has also made some long term predictions for BTT, although they are arguably a little too optimistic to be reliable. According to its BitTorrent price prediction for 2030, the token will hit parity with the cent as early as 2023, doubling in value by 2025 then again by 2028. By 2030, the platform predicts that BTT will be worth $0.12.
A cryptocurrency research firm by the name of Crypto Research Report is calling for BitTorrent (BTT) to reach $0.015 by 2025, and $0.352 by 2030.
Conclusion: Should You Invest In BitTorrent?
BitTorrent is the biggest name in file sharing without a doubt. Whilst there is still some mystery surrounding Tron’s motivation in acquiring the platform, it appears as though it could be a match made in heaven with a very real chance of revolutionising how we share and experience content online.
BitTorrent price predictions for 2025 and 2030 are consistently positive. Whilst there is a high degree of volatility expected, ultimately BTT will see price increases year on year over the next decade or so. Of course, these forecasts are only speculation but they are certainly a positive sign for potential investors.
The project certainly has the numbers behind it and the BTT token has several use cases that could make it highly valuable in the future. Exactly how much demand there will be for BitTorrent’s premium service - and therefore for BTT - remains to be seen, but it is certainly an interesting prospect.
We think that BitTorrent presents a very tempting investment opportunity and could be a great opportunity to diversify your portfolio. However, potential investors should be advised that they are likely to see a high level of volatility over the next few years and it might require some nerve to refrain from abandoning the token when things take a downturn.
Where To Buy BitTorrent Cryptocurrency
BitTorrent Cryptocurrency is one of the most popular assets to invest in and the abundance of retail brokers has made the market more accessible than ever before. However, some providers are definitely better than others and it's important to pick a reliable and trustworthy provider.
We recommend eToro for most users, as it's one of the most highly regarded names in the industry, known for its approachable trading platform and excellent information resources. Opening an account takes just a few minutes and you’ll find the platform offers everything you need to start building your portfolio.
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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
What is BitTorrent?
BitTorrent is a file-sharing platform that has been running since 2001. It allows users to share content such as music and videos without having to go through a central provider. The platform has a huge user base of anywhere between 150 and 250 million and was acquired by the Tron Foundation in 2018.
Why did Tron buy BitTorrent?
Tron and BitTorrent make perfect bedfellows as both projects are geared towards sharing digital content. By acquiring BitTorrent, Tron gained access to a huge network of users and the means to expand its services exponentially.
How much will BitTorrent be worth in 2025?
We looked at several BitTorrent price predictions for 2025 and found that analysts were mostly optimistic. DigitalCoinPrice, for example, has BTT up by around 230% by 2025, whilst TradingBeasts was more conservative, predicting an increase of around 52% in the same time period.
What is the BitTorrent token for?
The BitTorrent token can be used to pay for premium services offered by the protocol BitTorrent Speed, for example, allows users to pay BTT in exchange for faster download speeds. There are also plans to implement the token in the platform's file sharing service and a relatively new live streaming platform.
What are BitTorrent price predictions for 2030?
Long term cryptocurrency forecasts should never be taken too seriously, but if the BitTorrent price predictions for 2030 we saw are anything to go by, then BTT looks like it could be around for the long haul, with some platforms predicting the token could be worth up to $0.12 by the end of the decade.