Wondering how much BitTorrent (BTT) will be worth in 2021 and beyond? Or maybe you’ve been asking yourself if BitTorrent is a good investment? You’re in the right place.
We’ll be exploring the top price predictions for BitTorrent to see what forecasters have to say for BTT’s potential future performance. Read on to discover how much BitTorrent could be worth in 2021-2025 and beyond.
BitTorrent is the 56th largest cryptocurrency with a market cap of $2,501,062,017 and a price of $0.00379 per coin. The BTT token was launched in 2019 and it has generally followed the market since its birth.
2021 was an exceptionally good year for BitTorrent as it skyrocketed in the 2021 bull run and reached its current all-time high (ATH) of $0.01426 on the 5th of April 2021 (almost four times its current value).
According to recent long-term forecasts, BitTorrent’s price could reach the $0.0059 mark price by the end of 2021, rising to $0.01 by the end of 2022 and $0.03 by the end of 2025. BitTorrent will rise to $0.044 in 2027, and $0.15 in 2030.
After an extremely bullish 2021, BTT has now earned early investors an ROI of 3,032%. But what’s next for the crypto? Will it run out of steam, or will it plough on ahead? Let’s take a look at what price forecasters are suggesting.
If you want to buy cryptos quickly and easily, check out the eToro!
Contents
In this article, we will cover the following.
- What Is BitTorrent And How Does It work?
- Short-term BitTorrent (BTT) Price Predictions: 2021
- Long-term BitTorrent Price Predictions: 2022-2025
- Trading Education BitTorrent Price Predictions
- Conclusion: BitTorrent (BTT) Price Prediction Forecast
- How Has The Price Of BitTorrent (BTT) Changed Over Time?
- What Factors Affect The Price Of BitTorrent (BTT)?
- eToro – Top Cryptocurrency Platform
- Key Points
- BitTorrent Price Prediction FAQs
What Is BitTorrent And How Does It work?
BitTorrent is the world’s largest peer-to-peer (p2p) file-sharing protocol with supposedly more than 100 million users in 138 countries and has been around since 2004. BitTorrent has a controversial background as its protocol has been used illegally to break copyright laws.
In 2018, TRON (TRX) acquired BitTorrent and the founder of TRON, Justin Sun, became its CEO. Not long after this, BitTorrent released the BitTorrent token ‘BTT’ which was built on TRON’s blockchain as a TRC-10 standard token. This also allowed the BitTorrent platform to become more decentralized, and therefore safer and fairer.
As part of the TRON ecosystem, BitTorrent uses a delegated proof-of-stake consensus mechanism which means new tokens are minted via staking, not mining. It has a total supply of 990,000,000,000 BTT, of which 659,950,000,000 are in circulation.
BitTorrent network participants can earn BTT by storing and sharing files from their computers. The larger the files, the larger the rewards.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Short-term BitTorrent (BTT) Price Predictions: 2021
BitTorrent Price Predictions For 2021
Our first price prediction for BitTorrent for 2021 comes from WalletInvestor which appears to be open to the possibility that BitTorrent could rise, fall, or simply stagnate. As we can see from the graph below, WalletInvestor seems to believe that the price of BTT will move mostly sideways for the last few months of 2021.
Their price forecast for 2021 is a mixed bag of nuts. They expect BTT could reach the following prices by the end of 2021:
- A maximum price of $0.00565
- A minimum price of $0.003089
- An average price of $0.00438
While the lowest possible price is lower than the BTT’s current price, both the maximum and average prices are above, and so we could conclude that this is a good forecast suggesting that BitTorrent could increase before the end of 2021. Furthermore, at the very highest, WalletInvestor has predicted that the highest price BTT could reach in 2021 could be $0.00572, slightly above its end of year price, but at the lowest, there is a possibility that BTT could reach lows of $0.0028.
Despite the good news, it looks unlikely that BitTorrent will retest its current ATH of $0.01426 in the last few months of 2021.
Next up is Trading Beasts whose 2021 price prediction for BitTorrent projects a slightly more positive picture. They have calculated the following figures for November and December 2021:
Trading Beasts BitTorrent predictions for 2021:
| Month | Minimum Price | Maximum Price | Average Price | Change |
|---|---|---|---|---|
| November 2021 | $0.0040360 | $0.0059353 | $0.0047482 | 28.36% |
| December 2021 | $0.0040533 | $0.0059607 | $0.0047685 | 28.91% |
The maximum, minimum and average prices Trading Beasts has given are all above WalletInvestor’s for the end of 2021. While the maximum and average prices are not too far off, what is notable is that the minimum price Trading Beasts has given is significantly higher, suggesting that they believe higher lows are on the way and that there will be less volatility in the future.
But perhaps the best thing about Trading Beasts’ price prediction is that all of the figures they have given — for both November and December — are above BTT’s current price. However, just like WalletInvestor, Trading Beasts price predictions do not suggest retesting BitTorrent’s ATH.
For our next price prediction, we will go to DigitalCoin, whose 2021 forecast seems to align best with Trading Beasts.
While DigitalCoin’s prediction suggests a decline in November, in December it has estimated that BTT will swing back upwards again before the close of the year. For the last three months of 2021, DigitalCoin has predicted that BitTorrent will reach the following prices:
- October: $0.0052943540
- November: $0.0049416758
- December: $0.0059943653
Interestingly, DigitalCoin’s December prediction of $0.0059943653 is extremely close to Trading Beasts’ $0.0059607, which gives strength to the idea that a price around $0.0059 could be BTT’s closing price.
Our last 2021 BitTorrent price prediction comes from The Economy Forecast Agency, which has given a more cautious price forecast for the last few months of the year. Here’s what they think could happen to the price of BitTorrent in 2021:
| Month | Open | Low-High | Close | Total,% |
|---|---|---|---|---|
| Oct 2021 | $0.0032 | $0.0031-$0.0046 | $0.0043 | 34.4% |
| Nov 2021 | $0.0043 | $0.0032-$0.0054 | $0.0050 | 56.3% |
| Dec 2021 | $0.0050 | $0.0039-$0.0050 | $0.0042 | 31.3% |
The lows The Economy Forecast Agency have suggested are similar to the lows WalletInvestor has predicted — around $0.003. And their highs are the lowest highs suggested so far, reminding us that there’s always the possibility that BTT won’t shoot up again for a while. The highest The Economy Forecast Agency believes BitTorrent will reach in the last quarter of 2021 is $0.0054 in November but that it will close the year at $0.0042 in December.
Nevertheless, though this price prediction is evidently more cautious than the others, it is still good news for investors as all the prices suggested for December are higher than BTT’s current price of $0.003597, which tells us there is a possibility that prices will gradually increase.
What Will Happen To The Price Of BitTorrent (BTT) In 2021?
According to expert price predictions, BitTorrent could end 2021 above $0.005 with some agreeing that $0.0059 could be reached at the highest. At the very lowest, BTT could struggle to surpass $0.003, however, most price predictions are positive about BitTorrent’s outlook. It is unlikely that BitTorrent will retest its ATH of $0.01426.
Will The Price Of BitTorrent Go Up In 2021?
Yes, it is highly suggested by price forecasters that the price of BitTorrent will continue to rise in 2021, though it will likely be more gradual, and the chances of another price spike are low. No price forecasters believe that the price of BitTorrent will decline in the last few months of 2021.
Additional BitTorrent Price Predictions For 2021 Include:
- Coin Price Forecast: $0.0047
- Cryptocurrency Price Prediction: $0.01
- Price Prediction: $0.004
- Coinskid: $0.0046
- Cryptoground: $0.004
Read Also: Top 10 Best Cryptocurrencies To Invest In For High Returns
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Long-term BitTorrent Price Predictions: 2022-2025
What are crypto experts forecasting for BitTorrent in 2022 and beyond? Now that we’ve seen that the price predictions for 2021 are generally positive, where could BTT take investors next? Will this positive trend continue into the years to come, or will it simply dissipate? Read on to find out what could be in store for BitTorrent in 2022, 2023, 2024, and 2025 (plus some extra predictions further ahead).
First up, we’ll return to DigitalCoin, which expects nothing more for BitTorrent than to keep on rising for the next several years, as the chart shows below.
DigitalCoin has predicted year-on-year growth for BitTorrent up until 2028, with new highs being forged each year. Here’s what they expect for BTT for 2022 to 2028:
- 2022: $0.0060991156
- 2023: $0.0080962429
- 2024: $0.0094886376
- 2025: $0.0107087141
- 2026: $0.0128551199
- 2027: $0.0143154677
- 2028: $0.0165730638
To summarise, DigitalCoin foresees BitTorrent finally reaching $0.01 by 2025, where it will be valued at $0.0107087141. This is excellent news for anyone asking ‘will BitTorrent reach 1 cent?’ After this, BitTorrent will surpass its current ATH of $0.0142 by 2027 where it will reach $0.0143154677, and by 2028, BTT will be valued at its highest price ever of $0.0165730638.
Now let’s compare this to what Trading Beasts has predicted for 2024 (where their price predictions end).
BitTorrent prediction Forecasts for 2024:
| Month | Minimum Price | Maximum Price | Average Price | Change |
|---|---|---|---|---|
| January 2024 | $0.0035728 | $0.0052541 | $0.0042033 | 13.63% |
| February 2024 | $0.0036859 | $0.0054205 | $0.0043364 | 17.23% |
| March 2024 | $0.0037909 | $0.0055748 | $0.0044599 | 20.56% |
| April 2024 | $0.0039018 | $0.0057380 | $0.0045904 | 24.09% |
| May 2024 | $0.0040078 | $0.0058939 | $0.0047151 | 27.46% |
| June 2024 | $0.0041158 | $0.0060527 | $0.0048422 | 30.90% |
| July 2024 | $0.0042187 | $0.0062040 | $0.0049632 | 34.17% |
| August 2024 | $0.0043233 | $0.0063578 | $0.0050862 | 37.50% |
| September 2024 | $0.0044261 | $0.0065090 | $0.0052072 | 40.77% |
| October 2024 | $0.0045238 | $0.0066527 | $0.0053221 | 43.87% |
| November 2024 | $0.0046230 | $0.0067985 | $0.0054388 | 47.03% |
| December 2024 | $0.0047172 | $0.0069370 | $0.0055496 | 50.02% |
While DigitalCoin predicted a price of $0.0094886376 for 2024, Trading Beasts are being a lot more cautious, giving a maximum prediction for the end of the year of $0.0069370 — a difference of $0.0025 (again, with BTT, this is a lot more significant than it may seem).
While this price prediction is positive and suggests future growth for BTT, it is still lower than its ATH. And, arguably, Trading Beasts is neglecting the fact that cryptocurrencies are very volatile as these figures are possibly just too stable and lack any dramatic rises or falls which inevitably will happen at points.
For December 2022, 2023, and 2024, Trading Beasts has given the following minimum, maximum, and average price predictions for BitTorrent:
- December 2022: minimum = $0.0040839, maximum = $0.0060057, average = $0.0048046.
- December 2023: minimum = $0.0034766, maximum = $0.0051126, average = $0.0040901.
- December 2024: minimum = $0.0047172, maximum = $0.0069370, average = $0.0055496.
Our next long term BitTorrent price predictions come from WalletInvestor. Here are the highs and lows and averages they expect for the end of 2022 and 2025.
BitTorrent prediction Forecasts for 2022
- Minimum price: $0.008021
- Average price: $0.00655
- Maximum price: $0.00943
BitTorrent prediction Forecasts for 2025
- Minimum price: $0.0188
- Average price: $0.0139
- Maximum price: $0.0232
If we compare the prices WalletInvestor has given for 2022 and 2025, almost straight away you will notice that they expect prices to double (minimum, average and maximum). Not only will BTT reach $0.01, in 2025 it could go beyond this and reach $0.0232! The highest price WalletInvestor has predicted for the asset for 2022-2025. Furthermore, WalletInvestor predicts that $0.01 could be reached at the earliest by February 2023.
Our last BitTorrent price prediction for 2022 to 2025 comes from Cryptoground which seems to be suggesting that a major price increase could take place between 2022 and 2023, as the graph below shows.
According to Cryptoground’s BitTorrent price forecast for the next five years, BTT will reach $0.0064 in 2022 and explode to $0.0690 in 2023 — a ten-fold increase in one year. BTT will then climb more steadily to $0.1015 in 2024, and then to $0.1339 in 2025. Generally speaking, Cryptoground is very conservative with its price predictions, so to see such an increase is quite comforting.
What Will Happen To The Price Of BitTorrent In 2025?
Long-term price predictions for BitTorrent suggest that the price of BTT could finally be worth somewhere between $0.01 and $0.02 in 2025, which could mean we’ll see a new ATH. The highest prediction for BTT in 2025 suggests a price over $0.13, which is almost ten times higher than its current ATH of $0.014.
Will The Price Of BitTorrent Go Up In 2025?
Yes, it seems quite likely that the price of BitTorrent will continue to rise in the run-up to 2025. Most price forecasters seem to suggest that BTT prices will gradually rise over the next few years and appear to doubt the possibility of a major price increase or decline. We may not see BitTorrent reach a new ATH until 2025.
Additional Predictions For The Price of BitTorrent In 2022-2025 Include:
BitTorrent Price Predictions 2022:
- Coin Price Forecast: $0.0074
- Cryptocurrency Price Prediction: $0.01
- Price Prediction: $0.007
- Coinskid: $0.0070
- The Economy Forecast Agency: $0.0075
BitTorrent Price Predictions 2023:
- Coin Price Forecast: $0.0107
- Cryptocurrency Price Prediction: $0.01
- Price Prediction: $0.010
- Coinskid: $0.0134
- The Economy Forecast Agency: $0.0087
BitTorrent Price Predictions 2024:
- Coin Price Forecast: $0.0130
- Price Prediction: $0.014
- Coinskid: $0.0179
- The Economy Forecast Agency: $0.0102
BitTorrent Price Predictions 2025:
- Coin Price Forecast: $0.0144
- Cryptocurrency Price Prediction: $0.05
- Price Prediction: $0.020
- Coinskid: $0.0323
- The Economy Forecast Agency: $0.0103
Check Out: 3 Bargain Cryptocurrencies To Buy And Hold For The Next 5 Years
Trading Education BitTorrent Price Predictions
Now that we’ve seen a variety of different possibilities for the price of BitTorrent for 2021 to 2025, let’s summarise those opinions to see what BTT will most likely be worth.
Naturally, some are far too bullish while others are too conservative, but together, they give us a clearer picture of the highest and lowest prices we could see.
Here are Trading Education’s price predictions for 2021, 2022, 2023, 2024, 2025, 2027, and 2030.
BitTorrent Price Prediction 2021
BitTorrent price predictions for 2021 strongly suggest that BTT could be worth an average price of $0.004 while higher predictions suggest $0.005 to $0.0059. Bullish price predictions for BTT in 2021 tell us that $0.01 could also be possible, but this would likely require another major bull run towards the end of the year. The most bearish BitTorrent price prediction for 2021 suggests a low price of $0.003 could be possible — not too far off BTT’s current price.
BitTorrent Price Prediction 2022
By 2022, BitTorrent price predictions for 2022 astonishingly appear to coalesce around $0.007. Similar BitTorrent price predictions suggest $0.006 and more bullish price forecasters predict BTT to reach $0.009 or even $0.01.
BitTorrent Price Prediction 2023
Top BitTorrent price predictions for 2023 suggest that BTT has very likely surpassed the $0.01 milestone, with some suggesting $0.014 could be a possibility — this could finally mean that BTT has surpassed its ATH. However, not all BitTorrent price predictions for 2023 agree, some believe a lower price between $0.005 and $0.008 is more realistic. The most bullish BitTorrent price prediction for 2023 suggested an insane $0.0690 could be possible (this is almost 20 times higher than BTT’s current price!).
BitTorrent Price Prediction 2024
According to expert BitTorrent price predictions for 2024, BTT is most likely still solidifying its position above $0.01 with $0.013 to $0.014 being a possibility and $0.017 being a potential high. New ATHs are likely to be forged by 2024. More cautious BitTorrent price predictions for 2024 range from $0.006 to $0.009 while more bullish BTT price predictions suggest a whopping $0.1015.
BitTorrent Price Prediction 2025
By 2025, BitTorrent price prediction data becomes more divided with higher predictions estimating prices between $0.02 and $0.03, and more conservative estimates between $0.01 and $0.014. At the very highest, we have seen BitTorrent price predictions for 2025 of $0.05 and $0.13.
BitTorrent Price Prediction 2027
The top BitTorrent price prediction for 2027 tells us that a maximum price of $0.044 could be reached while more grounded price predictions circle $0.01427 and $0.0139.
BitTorrent Price Prediction 2030
For 2030, price predictions for BTT say that a maximum price of between $0.14 and $0.15 might be attainable. However, on the other hand, lower 2030 BTT price forecasts suggest $0.0165. This is a huge gap of $0.1335 between the highest and lowest prediction.
Conclusion: BitTorrent (BTT) Price Prediction Forecast
The below prediction figures outline some of the potential highs and lows of BitTorrent (BTT) price prediction forecasts for 2021, 2022, 2023, 2024, and 2025 offered by technical analysts and industry experts.
| Year | High | Low |
| 2021 | $0.00856 | $0.00214 |
| 2022 | $0.01234 | $0.00521 |
| 2023 | $0.03563 | $0.01056 |
| 2024 | $0.08456 | $0.03245 |
| 2025 | $0.12045 | $0.06450 |
Would you consider buying BTT?
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
How Has The Price Of BitTorrent (BTT) Changed Over Time?
Studying how the price of BitTorrent has changed over the years will help us get a better understanding of the prices it is capable of reaching and understanding how volatile an asset it can be.
After a successful ICO (initial coin offering) in January 2019 where $7,200,000 was raised at a price of 1 BTT to $0.00012, the BTT token burst onto the crypto market in February 2019 and immediately shot up to $0.0009971 within a few days. BTT’s launch was seen as a success with the token performing particularly well in its first few months before setting into a long period of decline and stagnation, as we can see from the graph below from CoinMarketCap.
BTT/USD price chart. Source: Coinmarketcap
After an excellent start to 2019 where BitTorrent reached $0.001779, BTT started to decline in price most notably in July where it tumbled from $0.0014 to $0.0007 — half its value. This period of decline continued into 2020 where it started the year at around $0.0002.
Though there were momentary peaks in 2020, it was largely a year of disappointment for BitTorrent investors as prices remained mostly below $0.0004. It was during this period that BTT sank to its all-time low of $0.0001394 in March (around the time the coronavirus was starting to become big news). BitTorrent ended 2020 at an unimpressive $0.0002938.
2021 was a much more interesting year. In early February 2021, BTT shot up from $0.0005 to $0.0014 and impressively managed to hold its newly acquired value. Then came March where the price of BitTorrent yet again was on the rise — this time a meteoric one. BTT jumped from $0.001669 in mid-March to $0.01 by the start of April 2021 and reached its ATH of $0.01426 on the 5th.
Shortly after this, BitTorrent’s price, like much of the crypto market collapsed and eventually dropped to $0.0019 on the 20th of July 2021. Thankfully, the crypto market turned itself around and prices once again began to climb upwards, reaching highs of $0.004 in August and September. This leaves us where we are today at $0.003597.
What Factors Affect The Price Of BitTorrent (BTT)?
Price forecasters use a wide range of tools and methods to analyse the price history of cryptocurrencies, like BTT. The methods they use can contradict each other and often lead to vastly different price predictions.
This is why looking at price predictions is not enough. You need to understand the factors at play that cause BitTorrent’s price to change. Price predictions cannot tell you when these factors will come into play but knowing them will help you prepare for bearish and bullish periods, so you can reduce risks and take profits at the best possible moments.
1. The Success Of The BitTorrent Platform
Quite simply, the more successful the BitTorrent platform is, the more demand there will be for BTT. According to a 2018 article by Enrique Dans of Forbes, after a decade of decline, BitTorrent has begun to see a resurgence in recent years because of the rise of streaming services. This roughly coincides with when Justin Sun acquired BitTorrent, which also brought the platform more attention.
But pirating content illegally is not the only purpose of BitTorrent. In recent years BitTorrent has worked towards improving its image and is now used by a variety of companies to share files and data. Chris Hoffman of MUO explains that Facebook and Twitter use BitTorrent internally for moving files and that even the UK government has used BitTorrent to share data to the public on how public money was being spent.
If BitTorrent can continue to attract corporations and even governments to use its services, it could have a positive impact on the price of the BTT token.
2. Supply And Demand
Supply and demand affect most cryptocurrencies. If a cryptocurrency has a small supply but huge demand, the price will go up because it is very scarce. And in the opposite situation, if a cryptocurrency has a low demand and a big supply, you can expect the asset to be poorly valued.
As mentioned above, if the BitTorrent platform does particularly well and draws in more users, it could increase demand for the token.
Currently, there is a total supply of 990,000,000,000 BTT and 659,950,000,000 BTT are in circulation. If the total supply is reached and no new tokens are introduced, we could expect the price of BitTorrent to skyrocket (that is, if there is enough demand for the asset!).
3. The Price Of Bitcoin
Without a doubt, one of the biggest factors that affect the price of BitTorrent is Bitcoin (BTC), particularly its price.
Looking back at BTT’s price history, particularly during the 2021 bull run, you can see that its two largest spikes coincided with when Bitcoin’s price was at its highest. First a small jump in February, then the huge jump in April which was followed by a crash, and then its more recent recovery — this is the trajectory that both BTC and BTT have taken.
Why is this? Because most investors buy into Bitcoin and typically after they get a taste, they start exploring altcoins. And so, when Bitcoin goes up, amateur crypto traders start buying and that buying spree spreads to the whole market. And the opposite is also true — when BTC starts to decline in value, amateurs start to sell not just Bitcoin, but other cryptos too.
Is BitTorrent (BTT) a good investment?
BitTorrent has proven to be a very good investment so far, with the price expected to increase further in the long run. According to experts, the value of BTT looks bright, BitTorrent might prove to be a wise investment.
Put simply, BitTorrent is a high-risk investment with lots of potential rewards. It’s something you should definitely do some research before you consider adding it to your list.
eToro – Top Cryptocurrency Platform
eToro have proven themselves trustworthy within the crypto industry over many years – we recommend you try them out.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
How To Buy Cryptocurrencies With eToro?
Buying cryptocurrencies like BitTorrent can be done super easily with eToro. All you have to do is follow these three steps.
Step 1. Jump over to the eToro website, click ‘Join Now’, and fill out the registration form. Note that you’ll need to upload proof of ID and address — this is to prevent fraud and comply with anti-money laundering laws.
Step 2. Make your first-time deposit — this will either be a minimum of $50 or $200 based on your location. However, in several countries, the first-time deposit is significantly higher, so check before signing up!
Step 3. Once your account is live, on eToro’s platform go to ‘Trade Markets’ → ‘Crypto’ choose the crypto you’d like to trade and choose your terms. Finito!
And that’s it! Now you’re a crypto investor!
Key Points
If you remember anything from BitTorrent Price Predictions: How Much Will BTT Be Worth In 2021 And Beyond? Make it these key points.
- BitTorrent (BTT) is the cryptocurrency used by the BitTorrent p2p file-sharing platform.
- DigitalCoin has forecast that BTT could reach $0.0059943653 by the end of 2021.
- Trading Beasts also believes that an end of year price of $0.0059 could be possible, predicting a slightly lower $0.0059607.
- The Economy Forecast Agency believes the price of BitTorrent will hit a high of $0.0054 in November, but that it will finish 2021 at $0.0042.
- By 2025, DigitalCoin believes 1 cent could be achievable, estimating BitTorrent will have a price of $0.0107087141.
- Meanwhile, Trading Beasts does not expect prices to go beyond $0.0069370 by the end of 2024.
- Cryptoground has given the most BitTorrent bullish price prediction for 2025, suggesting that $0.1339 could be reached.
- By 2030, a price between $0.14 and $0.15 could be achieved.
- Factors that impact the price of BitTorrent include the success of the BitTorrent platform, supply and demand, and the price of Bitcoin.
FAQs
Is BitTorrent Coin A Good Investment?
BitTorrent could turn out to be a good investment according to the price predictions we have seen for the next few years up until the end of the decade. No one expects a price decline in the future and prices are expected to gradually rise. Don’t be fooled by BTT’s low price!
Will BitTorrent Reach 1 Cent?
BitTorrent could reach 1 cent as early as 2024 according to Cryptoground. Others have suggested that the 1 cent milestone could be reached by 2025.
Will BitTorrent Reach $1?
It is very unlikely that BitTorrent will reach $1 in the foreseeable future. None of the price forecasts up until 2030 suggests a price even close to $1. Currently, the highest price forecast for BTT is $0.15 by 2030 by Cryptocurrency Price Prediction — 85 cents away from $1 — and this is still seen as very bullish.
How To Mine BitTorrent Cryptocurrency?
BitTorrent uses a ‘delegated proof-of-stake’ algorithm and so you cannot mine BTT. Instead, you can earn BitTorrent by staking it via a wallet that accepts Tron-based tokens. Or you can earn BTT by allowing your computer to be used to store and share files — the more files you store, the bigger the rewards. This is seen as a lot more appealing than mining because it doesn’t require you to purchase expensive hardware and consumes less power which can also be expensive.
Who Is The Owner Of BitTorrent Cryptocurrency?
Anyone can own BitTorrent (BTT) by purchasing it from a cryptocurrency exchange. As a decentralised cryptocurrency, it does not have a single owner. Bram Cohen is the creator of BitTorrent and founder of BitTorrent, Inc which is now known as Rainberry, Inc, however, he left in 2018 when TRON acquired the company. Today, Justin Sun, the founder of TRON, is the CEO of BitTorrent. Much of the development of the BitTorrent network is done by Rainberry, Inc.