Will Bitcoin hit a million?
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.
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.
We're 'pretty confident' that bitcoin will hit $100,000 in 2024, Nexo co-founder says. Antoni Trenchev, co-founder and managing partner of the digital asset firm, says there are three reasons the bitcoin rally will extend into 2024.
In 2030, Bitcoin could start a lasting upward trend, surpassing $100,000 and setting a new record. Even though this accomplishment might not last long, it provides a strong base for positive strategies. After this, Bitcoin's value might see a significant increase, possibly hitting a high between $110,000 and $115,000.
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.
Similarly to the prediction for 2040, we've used Bitcoin's 3-year CAGR of about 19% to calculate what the price of Bitcoin would be in 2050 based on those parameters. According to the calculation, Bitcoin's price could increase to $5,411,000 by 2050 and grow by more than +10,980% over the next 27 years.
If you had put $1,000 into bitcoin a year ago, it would have grown by 133% and be worth around $2,331 as of Feb. 14. If you had invested $1,000 into bitcoin five years ago, the investment would have grown by 1,352% and be worth around $14,524 as of Feb. 14.
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.
A recent report predicts that Bitcoin will reach a new all-time high in 2024. Bitcoin (BTC) is expected to reach a new record of $88,000 (€82,000) throughout the year, before it settles around $77,000 at the end of 2024, according to a new report.
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.
What will Bitcoin be worth in 2040?
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. Conversely, if the market turns bearish, the minimum price level of BTC Coin could fall down to $5,42,838.40 by 2040.
Bitcoin (BTC) surged past the $50,000 mark on February 12, reaching its highest level since December 2021. This rally was fueled by a combination of rising investor enthusiasm surrounding inflows from spot Bitcoin exchange-traded funds (ETFs) and the anticipated Bitcoin halving event in April.
Currently, Bitcoin appears to have a massive edge over Ethereum, with many institutional investors viewing it as a "safe haven" asset that can protect them from volatility in the broader market.
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.
Bitcoin Price Prediction 2024-2030
Based on our analysis, Bitcoin's price could fall to a low of $35,000 or reach a high of $85,000 by the end of 2024. By the end of 2025, we expect BTC to drop to $50,000, which is slightly above January 2024's price as it prepares for a new bull run going into 2026 and beyond.
By the end of 2030, the predicted Ethereum price could soar to a peak of $26,575.21. The current price of 1 Ethereum is $ 2,635.39518415.
How Many Bitcoin Does Satoshi Have? As a result, Satoshi is estimated to have more than 1.1 million BTC, valued at approximately $47 billion in February 2024. This bitcoin is not stored in one address but spread across roughly 22,000 addresses.
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.
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.
In the last 10 Years, the Bitcoin (^BTC) Commodity obtained a 48.12% compound annual return, with a 77.34% standard deviation. Discover new optimized asset allocations in USD and EUR, in addition to the lazy portfolios on the website.
Could Bitcoin go to zero?
It is very debatable as to whether there is any realistic likelihood of this though. Bitcoin has been around for close to 15 years now, and has survived several dramatic crashes before making new highs. It could be reasonably argued the 'go to zero' scenario would have happened already if it was going to.
Analysts recently detailed a $10 million bitcoin price prediction from Tom Lee of Fundstrat Global Advisors. A resurfaced projection by Tom Lee, managing partner and head of research for Fundstrat Global Advisors, indicates that the bitcoin price can reach as high as $10 million within decades.
Cryptos that could boom in 2024 include SingularityNET and Fetch.ai, both of which may capitalize on the popularity of AI. Bitcoin is another crypto that could be poised for a strong performance in 2024, thanks to the SEC's approval of Bitcoin ETFs.
Coming off an impressive 2023, when it rose by more than 150%, Bitcoin (CRYPTO: BTC) is shaping up to have an even better 2024. But will it be able to keep enough momentum to hit the highly anticipated $100,000 mark? Let's cut to the chase: The answer is yes.
All in all (and Black Swan events aside), 2024 is shaping up to be more of the same for crypto asset prices. My base case scenario is that the market will bottom out and begin recovering more meaningfully by Q4 2024.
