Will Bitcoin go to a million?
Notably, Cathie Wood, CEO of Ark Invest, predicted that Bitcoin could reach an astounding $1.48 million by 2030. Senior analyst Nicholas Sciberras from Collective Shift points out that this prediction reflects widespread surprise at Bitcoin's meteoric rise.
Ark Invest CEO Cathie Wood in August, said that Bitcoin has the potential to surge into the six-figure range and possibly reach $1 million by 2030. In an exclusive interview with Benzinga, Wood reaffirmed her conviction that Bitcoin could achieve the $1 million mark within a timeframe of five to seven years.
Investors shouldn't be focused on where bitcoin's price is headed in 2024 and should start to think about cryptocurrency as a long-term investment that can diversify a portfolio. “It will ultimately reach well over $100,000 and is most likely to be in the $500,000 to $1 million range in 10 years.
Coming off an impressive 2023, when it rose by more than 150%, Bitcoin (CRYPTO: BTC) is shaping up to have an even better 2024.
| Year | Minimum Price | Average Price |
|---|---|---|
| 2029 | $377,387.26 | $387,964.20 |
| 2030 | $542,734.72 | $558,253.17 |
| 2031 | $759,925.00 | $787,838.21 |
| 2032 | $1,116,477.34 | $1,155,869.40 |
Based on our long-term Bitcoin Coin price forecast, we anticipated that prices could reach a new all-time high this year. By 2040, the maximum price of the BTC Coin is projected to be around $5,69,240.60. Our average price forecast for Bitcoin is $5,57,632.74 in 2040.
The renowned disruptive growth investor sees Bitcoin hitting $1.48 million per token by 2030 in her bull case for the cryptocurrency, or a gain of 33,557% as of Wednesday afternoon. In other words, $1,000 invested in Bitcoin today would be worth $34,557 by 2030, according to Wood.
The Bitcoin price prediction for the next 5 years from WalletInvestor is bearish, with BTC forecasted to trade around 20,000 USD. Giving longer-term price targets for bitcoin in 2030, DigitalCoinPrice, as of 18 April 2023, suggested that the coin could trade at an average price of $305,981.72 in 2030.
In its 2023 Big Ideas report, Ark Invest laid out several price targets for Bitcoin. The report sees Bitcoin hitting price targets in 2030 of $257,500 in the bearish forecast, $682,000 in an average market and $1.48 million in a bullish market.
Bitcoin tops $50,000 for the first time in 2 years as ETF demand grows and investors anticipate rate cuts. Bitcoin rose as high as $50,334 on Monday, the first time it's hit that level in over two years. Demand for bitcoin ETFs and rising anticipation for rate cuts have helped push the token's price up.
How much will 1 Bitcoin be worth in 2050?
By 2040, Bitcoin could surpass $1 million and reach a high point of $1.16 million, which would be a +4,110% increase compared to today's prices. Going further, BTC is expected to break the $1.3 million mark by 2050.
A reasonable assumption that Bitcoin could hypothetically reach the null state of it's value is worth the thought. Even-though such an event is very less likely to take place, there are some factors that could theoretically lead to Bitcoin price crashing to zero.
Bitcoin is the more established and mainstream of the two, which makes ETH just a touch riskier. As with most investments, it's possible Ethereum's higher risk brings with it potential for higher rewards.
Bitcoin Price Prediction May 2024
The price is expected to continue its upward trend, reaching the critical resistance level at $55,000, possibly followed by a slight pullback. Nevertheless, the bulls are anticipated to reassert control, reviving the ascending trend.
Solana vs. Ethereum
That brings us to the No. 1 reason why I think Solana has the potential to skyrocket in value between now and the end of 2025: Solana is the one blockchain most capable of supplanting Ethereum as the market leader.
We predict that Bitcoin will jump to an average price of $60,000 in 2024, thanks to the Halving event, and settle more in 2025 with an average of $65,000. In 2026, we see Bitcoin trading as high as $90,000 by the end of the year. By 2030, we predict that Bitcoin could reach a high of $160,000.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2032 | $61,490.71 | $69,945.79 |
| 2033 | $91,069.76 | $107,473.10 |
| 2040 | $136,663.40 | $153,628.52 |
| 2050 | $180,018.69 | $205,466.36 |
Bitcoin is a risky investment with high volatility, and should only be considered if you have a high risk tolerance, are in a strong financial position already and can afford to lose any money you invest in it. The Securities and Exchange Commission has officially approved a spot Bitcoin ETF.
According to PricePrediction, the average Bitcoin value could be $387,000. According to CoinPriceForecast, Bitcoin price will hit $90000 by the end of 2026. Bitcoin will rise to $100000 within the year of 2028, $120000 in 2029, $140000 in 2030, $150000 in 2031, and $200000 in 2035.
The world's most valuable digital asset has skyrocketed in the last decade. Its current price of roughly $34,600 (as of Oct. 31) is almost 17,000% higher than it was on this same day 10 years ago. This means a relatively small investment of $1,000 back then would be worth $168,000 today.
How much will $100 Bitcoin be worth in 2025?
Bullish #bitcoin (BTC) price predictions range between $129,960.17 and $245,480.33 by 2030. Market analysts believe #BTC could reach $101,080.14 by 2025.
And for the year 2030, it is expected that the token may go up to a maximum of $20,500, with a minimum price of $14,000. Even several veteran analysts and market experts are quite bullish on Ethereum and maintain a positive outlook on Ethereum's price. Some expect Ethereum to touch even $40,000 by the year 2030.
Fidelity Predicts: $1B per 1 BTC by 2038
Jurrien Timmer, the Director of Global Macro at Fidelity Investments, thinks the value of a single Bitcoin could reach $1 billion by the year 2038 — 2040.
“Looking into 2024 and beyond, I'm personally very long-term bullish on Bitcoin,” he says, citing the macroeconomic backdrop, the upcoming halving in May, the improved development of scalability within the Lightning network and the potential BTC ETF.
Is bitcoin or cryptocurrency a good investment? Bitcoin tends to be incredibly volatile compared to other investment options, experiencing significant run-ups in value, followed by quick decreases in value. Despite a recent resurgence, bitcoin has lost nearly half its value after reaching all-time highs in late 2021.
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