Will Bitcoin (BTC) Make Me Rich?
Will BTC make me richer? If I invest in Bitcoins today, how rich will I be in the next 5 or 10 years?
Well, Bitcoin has already turned its earliest investors into super-rich members of society, helping them ascend the social ladder, and is expected to continue making its investors rich moving forward. Quoting its insanely high return on investment to date and expected price action for the next few years, most crypto experts conclude that it is hard for Bitcoin not to make its investors rich.
In the last 8 years, between July 2013 and now, Bitcoin’s value has appreciated by close to 70000%, based on data from CoinMarketCap. This shows how rich you could be if you had invested in the pioneer cryptocurrency at the time. And if you invested late and bought some Bitcoins a year ago, your investment could still have appreciated by more than 300% in the last twelve months.
But can it mirror this past price performance moving forward and make you equally rich in the next few years?
We will try to explain this using BTC price predictions from reputable crypto experts.
Read on to learn how much you need to invest today to make a million of Bitcoin by the turn of the decade.
Can I Make Money Investing in Bitcoins (BTC)?
You certainly stand to reap maximally in the near future if you invest in Bitcoins today. The volatility of the coin’s prices and the unpredictability of the crypto markets notwithstanding, Bitcoin has proven its resilience and shown us that it will keep rising after every fall, and its prices will keep soaring. The crypto industry players - analysts, price prediction websites, and current BTC investors - are also hugely bullish on Bitcoin’s future and confident that its prices will rise into perpetuity.
One of the factors that make them believe Bitcoin will make investors money, and its prices will keep soaring include its already massive but growing adoption by the retail world as a medium of exchange. Further, governments across the world have become more tolerant of the revolutionary digital currency in a move that experts believe will give corporations the confidence to invest in and embrace Bitcoins.
Additionally, the pace with which Bitcoin is making inroads into virtually every sector of the global economy and with which it has been adopted has most crypto analysts convinced that it is about to set an even higher all-time high price.
But do these price drivers have enough force to thrust Bitcoin’s price towards and above 100k anytime soon?
Will Bitcoin (BTC) Eventually Reach $100k?
There is an overwhelming conviction among crypto experts and price forecasting platforms that Bitcoin will eventually rise above $100k. Before the mid-May crisis, even investors expected it to break above the target price before the end of the year.
But to better understand if it is possible for the coin to reach $100k, we need to examine the feasibility of the move and the level of growth required to get it there.
With a current circulating supply of $18 million bitcoins, a $100k price would give the Bitcoin network a $1.8 Trillion market cap. Having already stretched it close to $1.2 Trillion earlier in the year, most analysts are convinced that this milestone can be achieved easily.
The only dissenting voice here comes from crypto experts at Hackernoon who feel that there aren't enough sources of funds to pour in the $1.2 Trillion required to get Bitcoin’s price above $100k at the moment.
At the current price of about 45k, the coin only needs to grow its worth by about 223% to get to $100K. And given that it had already hit a similar growth margin between January and April 2021, most crypto analysts are convinced BTC has what it takes to reach this target price in the shortest time possible.
The few analysts, like crypto experts from Bloomberg and investors like Tim Draper, who believe Bitcoin will reach $100k by the end of the year or in 2022, are banking on a recovering crypto market and the highly-anticipated Taproot Upgrade due in November this year to help the digital coin resume its early 2021 price rally.
The rest, whose analysis indicates that Bitcoin can only get to $100k in the next five years, are banking on a host of price drivers to help it get here. These include the upcoming Taproot upgrade, the 2024 Bitcoin halving, further adoption by institutional investors, and acceptance as a medium of exchange and store of value by the global citizenry.
Read Also: Bitcoin Price Prediction Forecast
Where Will Bitcoin (BTC) Be in 5 Years?
The crypto community is confident that Bitcoin will be worth way more in 2026 than it is today. But given the coin’s volatility and the many external factors influencing its growth, it is hard to tell how high Bitcoin will reach in the next five years.
Nevertheless, a number of crypto experts and investors have shared their Bitcoin forecasts, and virtually all believe that the coin will be trading well above $100k in the next 5 years. Some are even confident that Bitcoin prices could reach as high as $500k by the end of 2026.
For instance, Finder.uk recently brought together a team of 42 crypto experts, ranging from economic professors, crypto fund managers, bitcoin analysts, and crypto exchange executives, and asked them to share their Bitcoin predictions for 2026.
Overall, the panel of Finder.uk predicts that Bitcoin prices could reach as high as $318,417 by December 2025.
On the other hand, CryptoPriceForecast, a popular Bitcoin price prediction website, indicates that Bitcoin price could grow by more than 290% over the next five years to trade at $175,186 by the end of December 2026.
This optimism is then shared by the equally reputable Bitcoin price forecasting website, Wallet Investor. Its technical analysis report indicates that Bitcoin price will most likely grow its value by 312% in the next five years to reach $182,513 by this time in 2026.
How Much Will Bitcoin be Worth in Five Years?
According to the Bitcoin price prediction offered by experts, Bitcoin is set to rise to $100,000 by the end of 2021, $145,000 in 2022, to soar all the way to $275,000 by December 2025.
Based on Bitcoin projections from CoinLiker, the BTC coin price is expected to rise significantly in the coming years, valued at $85,000 in 2021, $122,000 in 2022, $180,000 in 2023, $216,000 in 2024 and $340,000 in 2025.
Price Forecast projections look realistic. The price of Dogecoin is expected to rise from $1.95 at the beginning of 2025 to $3.58 at the end of 2030.
Check Out: Why Bitcoin Will Skyrocket
Where Will Bitcoin (BTC) Be in 10 Years?
Most Bitcoin experts and investors are convinced that Bitcoin price will grow exponentially over the next decade, with most placing its value at between $500k and $5+ Million by 2030-2031.
The panel of crypto experts pooled in by Finder, for instance, is confident that Bitcoin’s growth over the next 10 years will be untamed, as it makes inroads to more sectors of the economy and receives adoption by more institutions and policymakers.
61% of experts believe that Bitcoin is grossly undervalued at the moment, and they all place its estimated value by the end of 2030 at $4.287 Million.
An equally optimistic Bitcoin price prediction is provided by PLAN B, the creator of the all-popular Stock-to-Flow (S2F) Model, who urges current BTC investors not to “sell small” because the coin could be worth between $1 and $5 million in the near future.
Bitcoin Price Predictions 2025-2030
As per experts the price prediction of Bitcoin (BTC) might continue the gradual upward trend. And as per data, by the end of 2025, it would be able to cross the $200,000 mark. The predicted for 2030 might be more than $500,000 per bitcoin.
The price of Bitcoin is expected to rise from $210,000 at the beginning of 2025 to $520,000 at the end of 2030.
But what factors do these experts expect will drive Bitcoin prices this high?
Fear of inflation
After governments started printing money indiscriminately to cushion their economies from the effects of the pandemic, companies like Microstrategy started converting their cash reserves to Bitcoin to avoid the inevitable inflation. More are expected to follow suit in a move that will ultimately push BTC prices high up.
After falling and rallying up in more than four cycles (2010,2013,2017,2021), both institutional and retail investors are now convinced that Bitcoin is here to stay. Most are, therefore, expected to start buying the coin moving forward in a move that will force massive value gains.
Since its launch, Bitcoin has always rallied after a halving event. And with each rally, it set a higher all-time high. The coin’s demand has soared in the past, implying that further squeezes to its supply during the 2024 and 2028 halving events will likely push its prices to new unimaginable heights.
After looking at these estimates and keeping in mind Bitcoin’s volatility, we have to ask ourselves if the coin is a viable long-term investment.
Is Bitcoin (BTC) a Good Long-Term Investment?
With every crypto expert, you listen to, you find even more reasons why Bitcoin remains one of the best investments of all time. While much of these have to do with its attractive value growth in the past, others include the potential for massive profitability moving forward and the fact that its acceptability and adoption are growing across the board.
But to better understand if Bitcoin is a good investment and if it will make you rich, we look at how much you could have earned from a BTC investment in the past. We also look at the future holds for you if you invest in the lead cryptocurrency today.
Here is the hypothesis:
In the last 5 years, Bitcoin prices have appreciated by approximately 9000%. If you had invested at least $1000 in Bitcoins in August 2016 when it was trading around $500, your investment could have appreciated to around $90,000 today.
Looking forward, we assume that the experts queried by Finder are correct with their prediction of BTC getting to $380k+ by the end of 2025. This translates to approximately 700% value gain. Therefore, if you invest $1000 in Bitcoins today, you should expect this investment to have grown to $7000 by December 2025.
Put simply, Bitcoin is a low-risk investment with lots of potential rewards. It’s something you should definitely do some research before you consider adding BTC to your portfolio.
The real Bitcoin investing question then, does it really work? If you’re willing to invest the time and energy, then for you, BTC could well do.
Conclusion: Should I Buy Bitcoins (BTC) Today?
Your decision to invest in Bitcoin or any other cryptocurrency should be determined by such factors as your risk tolerance, disposable income, and trading experience. That said, though, Bitcoin is gradually morphing into a must-have for virtually all long-term crypto investors because of its ability to price-correct and maintain an uptrend even after the most volatile crashes.
Experts are also confident that Bitcoin price is still in their nascent stage and that there is plenty of room for growth. They, therefore, expect the pioneer cryptocurrency prices to keep rising in the foreseeable future, which effectively makes now a good time to buy for long-term investors.
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