Bitcoin (BTC) Price Prediction for 2020-2040. How High It Will Go?
The future price of the world’s most popular cryptocurrency Bitcoin (BTC), something every investor or crypto enthusiast looking for. Stable back in early 2020, the coin collapsed along with oil prices already in early March. In just a couple of days, Bitcoin lost almost 50% in price. From March to July Bitcoin managed to recover all losses, and increased slightly more than 100% from the lows. To a person who is not familiar with the cryptocurrency industry, such volatility may seem extraordinary. However, it is a familiar story for Bitcoin – to surprise investors even when no one is waiting for it. Through prediction of Bitcoin price from cryptocurrency experts, it’s possible to see the perspective of investing in Bitcoin.
What is Bitcoin (BTC)?
Bitcoin – the digital gold
Bitcoin is the world’s first decentralized digital currency. Bitcoin is fundamentally different from all previously invented electronic currencies and payment systems. Bitcoin is not tied to any physical asset, so the price of a digital coin – Bitcoin – is regulated exclusively by market supply and demand.
Bitcoin is also a global payment system, through which you can conduct transactions with this currency. Its main difference from traditional payment systems is that Bitcoin system has no manager and processing center – all transactions take place exclusively in the network of equal customers.
Bitcoins are not printed as dollars – they are issued by the participants of the payment system all over the world who use freely available software for solving complex mathematical problems. Bitcoins are the first type of money known as the “cryptocurrency” in human history. Its reliability is based on the laws of mathematics (specifically, cryptography), not on trust in a single organization that issues currency (such as the Central Bank or Paypal). Except for a predetermined set of rules, no one controls or manages Bitcoin.
Halving (halving) is the process of dividing the number of awards generated for block mining by half. It is necessary for network operation to maintain the total number of bitcoins, which will never exceed 21 million. The day when the number of bonuses for a block is split in half is called “Halving”. Bitcoin halving is scheduled by block number, but it is possible to calculate the date too. The halving occurs every 210,000 blocks and reduces the reward by 50% each time in geometric progression. In 2020 halving took place on 630,000 generated block. The last fee reduction for each block created in the bitcoin network happened on May 11th, 2020. Since the event took place, 6.25 per block will be provided instead of the 12.5 bitcoins prior halving.
How does halving affect the price of the cryptocurrency? Before the first halving, which took place in November 2012, the bitcoin price was $2.55. A year after that event, it rose to $1,037. Curiously, after that, the cryptocurrency fell in price almost four times, to $268. However, the second halving, which happened in July 2016, allowed not only to return to $1,037 but to overcome this level and conquer the ultimate high ~$20,000 in December 2017!
|Bitcoin Price Today||$ 9,300 USD|
|Market Cap||$171,320,399,588 USD|
|Supply / Total Supply||18,425,718 BTC / 21,000,000 BTC|
|Daily Trading Volume||$16,766,860,986 USD|
|All Time High||$20,089.00 USD (Dec 17, 2017)|
|All Time low||$65.53 USD (Jul 05, 2013)|
Bitcoin (BTC) Price History
Just imagine that in 2010, a single Bitcoin was worth less than $0,25 cents. Bitcoin price rised from those lows to $20,000 in 2017, gathering popularity and business attention.
Bitcoin’s price rise from 2013 till 2020
Congratulations to those early adopters who bought Bitcoin in the beginning of it’s glorious path. The return on their investment was massive! But is it too late to invest in Bitcoin in 2020? How will the price of Bitcoin behave in the future? To answer those questions, we gathered future predictions about Bitcoin price and value in this article.
Top Cryptocurrency Traders Bitcoin Price Prediction
Time to find out, top cryptocurrency traders opinion on Bitcoin price prediction for 2020 and beyond. Here are the famous experts and their Bitcoin prediction.
John McAfee Bitcoin Price Prediction
John McAfee has always been one of the stagnant Bitcoin enthusiasts, and he has made his predictions from time to time. He has recently become more optimistic than ever, and he said that Bitcoin might reach $1 million by 2020. He recently stated that his past prediction of Bitcoin at $1 million was just a trick.
John McAfee prediction and bet failed
Tom Lee Bitcoin Price Prediction
Former chief equity strategist JP Morgan, Fundstrat co-founder and head of research Tom Lee believes that after the halving of Bitcoin expected in May 2020, Bitcoin can be Investors bring 100% returns. He recently predicted the short-term potential of Bitcoin in a conversation with Yahoo Finance. He believes that BTC may reach a record high of $27,000 in the summer of 2020.
Mike Novogratz Bitcoin Prediction
The founder of Galaxy Digital Mike Novogratz states that bitcoin’s surge was inevitable as world central banks issued record money supply. By the year-end expert predicts Bitcoin to conquer $20,000 USD mark.
Tim Draper Bitcoin Price Prediction
Tim Draper (Tim Draper) is one of the famous venture capitalists, he predicted that by 2023 Bitcoin will occupy 5% of the currency market. He is optimistic that by 2023, the price of Bitcoin may rise by $250,000.
Willy Woo Bitcoin Price Prediction
From the last twitter feed from Willy Woo, it’s clear that analysts expect a Bitcoin price to reach $100,000 USD. His states that the long accumulation the greater the run.
Willy Woo Bitcoin price model
Max Keiser Bitcoin Price Prediction
Max Keiser is a very loyal Bitcoin supporter, and his influencers gave a super optimistic prediction that despite many obstacles and obstacles, Bitcoin may go a long way and may reach $40,000 USD.
Bobby Lee Bitcoin Price Prediction
Bobby Lee, the chief executive of China’s first exchange BTCC, previously stated that it would take 100 years for BTC to reach $1 million. Now his prediction has completely changed. The brothers of Bobby Lee, the co-founder of BTCC (Hong Kong Bitcoin Exchange) and Charlie Lee, the founder of Litecoin, gave extremely optimistic predictions, but they started with a bearish one. He claimed that bitcoin may start to recover from the end of 2020, and may reach $333,000 by 2021, and then fall to $41,000 in 2023. He repeatedly pointed out that market capital may reach 7 trillion US dollars, which may exceed the market value of gold. He mentioned that Bitcoin would lead to price stability and global liquidity in the next few years.
Bitcoin (BTC) price prediction for 2020, 2021, 2025, 2030, 2040
Despite the fluctuations on Bitcoin price, we believe that Bitcoin will soar in accordance with price predictions. There are reasons for the decline in the price of Bitcoin, for example, Bitcoin is used for illegal purposes, and many unfortunate events in the past, such as hacking and theft. The advantages outweigh the disadvantages, so Bitcoin is still the market leader, ranking first and maintaining its position. As we welcomed with opinions of cryptocurrency experts, it’s time to observe forecast agencies bitcoin price predictions.
Bitcoin price prediction
WalletInvestor Bitcoin (BTC) Price Prediction for 2020, 2021, 2025, 2030, 2040
According to WalletInvestor if you are looking for cryptocurrencies with good return, BTC is pretty profitable. Bitcoin price equal to $9267.710 USD at 2020-07-07. If you buy Bitcoin for 100 dollars today, you will get a total of 0.01079 BTC. Based on our forecasts, a long-term increase is expected, the price prognosis for 2025-07-05 is $14043.10 US Dollars. With a 5-year investment, the revenue is expected to be around +51.53%. Current $100 investment may be up to $151.53 in 2025.
WalletInvest midterm forecast chart
LongForecast Bitcoin Price Prediction for 2020, 2021, 2025, 2030, 2040
LongForecast prediction is that Bitcoin cost will vary in the range between $8746-11195 in December 2020. In the next year(2021), the coin price will trade in $8,592 -10,975, for the incoming years the range predictions are:
- In 2022: $5,326 -10,044
- In 2023: $4,474 – 13,639
- In 2024: $13,633 – 20,282
DigitalCoin Price Bitcoin Price Prediction for 2020, 2021, 2025, 2030, 2040
DigitalCoin predicts Bitcoin to reach $20,000 USD by year end, one of the most bullish forecasts! In the incoming years forecast is very positive, except 2027 with $1 usd target, hard to tell what that 2027 forecast is based on.
- In 2021: Upto $25,768.46 USD
- In 2022: Upto $23,767.03 USD
- In 2023: Upto $30,893.00 USD
- In 2024: Upto $21,251.72 USD
- In 2025: Upto $20,114.14 USD
- In 2026: Upto $14,283.60 USD
- In 2027: Upto $1 USD
Trading Beasts Bitcoin Price Prediction for 2020, 2021, 2025, 2030, 2040
Trading Beasts predict that Bitcoin price may reach $8,267 by the beginning of December 2020. Their expected Bitcoin cost range vary from $ 6,998 to $10,291.
According to their forecasts, the Bitcoin price is going to decrease till the year end.
- In 2021: $5,680 – 10,235
- In 2022: $5,858 – 12,300
- In 2023: $8,610 – 16,100