Despite a turbulent first half of the year, Bitcoin bulls insist that the cryptocurrency will recover and reach $100,000.
Bitcoin’s price has been volatile and has recently dropped, but many industry experts still believe it will eventually surpass the $100,000 level. Deutsche Bank also discovered that 25% of Bitcoin investors anticipate Bitcoin values to reach above $110,000 during the next five years.
This volatility is nothing new and is one of the main reasons why crypto experts warn novice investors to tread carefully. Bitcoin’s price growth throughout the years has been just as consistent as that of any other cryptocurrency. Check our expert’s Bitcoin price prediction today.
Bitcoin buyers are understandably intrigued by the cryptocurrency’s potential growth.
Table Of Contents
Why Is Bitcoin Changing Its Price Right Now?
Bitcoin’s price dropped significantly this week, dropping below $19,000. Even if the coin rose above $19,000 again by Wednesday, it’s worth noting that it hasn’t been below that level since the crypto market crash in June.
After the Federal Reserve signaled more interest rate hikes at an economic symposium in late August, the price of bitcoin fluctuated erratically around the $20,000 mark for the better part of two weeks. As inflation hovers near a four-decade high, Federal Reserve Chairman Jerome Powell recently stated that the U.S. central bank would use its instruments “forcefully” to combat the situation.
Recently, Bitcoin has shown signs of stability, but according to Edward Moya, senior market analyst at Oanda, the market may not be out of the danger zone just yet. After many drops below $20,000, “most of the crypto community is still suspicious of the bitcoin bounce that started in mid-June,” Moya adds.
Bitcoin Price Predictions for 2022: Between $10,000 and $28,000
The bitcoin price is notoriously unpredictable and more vulnerable to market forces than traditional asset types. Still, we thought it would be interesting to hear what 2022 predictions the experts had to offer.
The first half of 2022 was a terrible time for the stock market and cryptocurrencies. In light of the faltering economy, rising inflation, and increasing interest rates, investors have shied away from hazardous investments. Deutsche Bank predicts bitcoin will recover to $28,000 by the end of the year, despite the bear market on Wall Street lasting for at least a few more months. And according to Finder’s 53-expert panel, Bitcoin will be worth at least $25,000 by the end of 2022.
Bitcoin Price Prediction for 2023: Between $38,000 and $100,000
Coming off its all-time high in November. It seemed simple to forecast a Bitcoin price of $100,000 by the end of 2017. Now that Bitcoin has dropped significantly, making predictions is even more difficult. Our Trader Union experts can see Bitcoin price USD prediction.
According to a study of almost 4,400 Americans conducted by intelligence firm Morning Consult, crypto investors anticipate bitcoin to recover to around $38,000 by the beginning of 2023. D.A. Spann senior research analyst Chris Brendler says. Davidson, who holds a similar stance, forecasts that the price of bitcoin will reach at least $38,000 by the end of this year and $50,000 by the end of 2023.
Bitcoin Price Prediction for 2025: As High As $100,000
Many cryptocurrency experts projected at the end of 2017 that bitcoin would reach $100,000 or higher by the end of 2018, and some of them still believe that will happen; they think it will take longer.
According to Kiana Danial, founder of Invest Diva and author of “Cryptocurrency Investing For Dummies,” “what I expect from Bitcoin is volatility [in the] short-term and growth [in the] long-term.”
Bitcoin’s long-term value is expected to climb “quite sustainably” due to organic market action, surpassing the $100,000 level by 2025. He continues, I still think Bitcoin has great potential as a store of value in a world with persistent monetary suppression.
Bitcoin Price Prediction for 2030: From $150,000 to $12.5 Million
Experts are hesitant to give a specific amount and timeframe, especially eight years out, but they point to Bitcoin’s historical history of increasing value.
Inflationary pressures will increase interest in cryptocurrencies, says Robert Breedlove, CEO of digital assets marketing and consulting firm Parallax Digital, who estimates bitcoin will be worth $12.5 million by 2030. Crypto devotees know Breedlove as the “philosopher” of the community because he frequently discusses the more significant social ramifications of crypto as a more transparent, decentralized currency. Still, his price predictions have been less than stellar.