Bitcoin Price Prediction 2023, 2024, 2025, 2026 2030

Global investment fund VanEck has made predictions for 2024, suggesting that bitcoin could reach new all-time highs by Q4 2024. The Chinese-Canadian Bitcoin entrepreneur and CEO of crypto firm, JAN3, Samson Mow, believes that the cryptocurrency will reach $1 million in the next five years. With several such wild guesses, Balaji Srinivasan, an investor and the former technology chief at Coinbase, took a bet that BTC could reach $10 lakh or more in just 90 days. This hypothetical and notable figure of $10 lakh has been rolled by several well-known personalities in the crypto world.

Even tenured developers, like Adam Back, cited in the Bitcoin white paper, have alluded they support this view. In a Twitter Spaces last year, he posited that users may simply pay to run the network because it is valuable, as they do the internet today. “The market will see [a] significant boost [in] 2024 owing to rising adoption and positive regulation,” said Shubham Munde, senior research analyst for Market Research Future.

Bitcoin Halving Price Prediction

The total market value of all cryptocurrencies is now a stunning $2 trillion. Are there reasons for an investor to allocate into futures ETFs instead of spot bitcoin funds? It turns out that futures-based commodity ETFs make more sense for some assets than others. “The trouble is when you’ve got spot you need to warehouse it in big tanks, says McNeil. ”There’s https://www.tokenexus.com/ a cost to carry when you store the physical product.” However, he noted that spot gold ETFs don’t present the same challenges. “Gold is easy because it’s very valuable, small and fits in a vault…Plus there is a liquid spot market.” Since bitcoin is marketed as a form of digital gold and is even cheaper and easier to store, the gold example is more relevant.

This dual approach broadens the range of investment choices, allowing for more flexibility and potentially attracting more institutional investors. This support is crucial for the supercycle, as it will lead to a surge in bitcoin investments from major financial players, further driving up its value. The anticipated reduction in interest rates by the US Federal Reserve is expected to ease pressure on the cryptocurrency market, potentially fostering widespread adoption of Bitcoin. Additionally, prospective legislation in the US aiming for clearer crypto investment regulations might reduce investor uncertainty. This, coupled with Bitcoin’s current status as a regulated commodity in the US, could encourage institutional adoption, attracting new investors to the cryptocurrency.

Impact of halving on price

I’m still bullish on Bitcoin, but I am pumping the brakes when it comes to price forecasts for 2024. But in November 2022, crypto hedge fund Pantera Capital put out a price target of $149,000. And in May, one crypto analyst — using a number of technical trading factors — came up with a forecast of $160,000 by the time of the next halving. This last forecast, in my opinion, seems to be particularly aggressive. You can also gain exposure to cryptocurrency futures by trading cryptocurrency ETFs. Most platforms offering bitcoin futures provide what is called position limits and leverage to increase the chances of you making a profit.

However, it is still a high-risk, high-reward type of asset and should not be seen as a reliable long-term store of value. Compared to cryptocurrencies, fiat currencies are a comparatively low-risk investment, especially ones like the US dollar. Our Bitcoin price prediction is rather conservative and does not take into account any random media hype or unexpected regulations that may happen in the near future — these factors are too unpredictable. However, if you’re considering investing in Bitcoin, you need to make sure you’re ready for its price to fluctuate wildly. No matter if it’s in a down- or uptrend, Bitcoin is almost always predicted to keep rising in the future.

Grayscale Digital Large Cap Fund

The bitcoin price has surged so far this year but a bitcoin price prediction survey has found the … In June of 2023, BlackRock, the world’s largest asset manager, filed plans to start a spot exchange-traded fund (ETF) for BTC. Multiple other institutions followed suit, with WisdomTree, ARK bitcoin future Invest and others lodging their first application or updating existing applications shortly after BlackRock’s announcement. Another defining feature of Bitcoin’s price history is the halving event, which happens roughly every four years and reduces the rate at which new coins are created.

Additionally, the average price is expected to be $183,485, demonstrating continued positive momentum. The potential approval of spot bitcoin ETF in the US, as demonstrated by BlackRock’s application in 2023, is expected to provide substantial institutional backing. Among the myriad predictions on Bitcoin, the bottom line remains that Bitcoin has experienced several downfalls and has emerged stronger than before each time. Its resilient nature instills a sense of belief in the minds of crypto enthusiasts who see value in investing in decentralized currencies. Whether Bitcoin soars higher or faces challenges is something only time can tell, and trading Bitcoin should be done with full awareness, your investment may not necessarily yield the anticipated returns.

Erika Rasure is globally-recognized as a leading consumer economics subject matter expert, researcher, and educator. She is a financial therapist and transformational coach, with a special interest in helping women learn how to invest. In his defense, this author would argue that, while clearly a historic invention, it remains to be seen if Bitcoin, as a technology designed and operated by humans, can remain truly free from our human flaws.