bitcoin future price prediction 2030

   

bitcoin future price prediction 2030

1. Intro 

 

Bitcoin is the first cryptocurrency  ever be created, sparking  birth of an entire industry and thousands upon thousand of  to be created in its image.

Not only is Bitcoin the first of its kind, but it has been designed to disrupt and replace paper-based fiat currencie to become the global digital currency used by  entire population, regardless what country  region they live in.

Bitcoin Price Prediction | Will Bitcoin  Once Again? - unnamed 36

Because Bitcoin   powerful and has  much potential, Bitcoin’s projected value estimated growth could be astronomical. Speculation from  analysts and industry expert suggest that Bitcoin’s long term value could reach over $100,000 to as much as one million dollar per   the future.

But when will Bitcoin reach such prices? This  price prediction guide will help investor answer question like “how high will Bitcoin go” and “what could Bitcoin  worth  10 year.”

2.  What is Bitcoin and Why  Bitcoin Going Up?

Bitcoin was created by the mysterious  to be the first peer-to-peer electronic  system. Because Bitcoin is peer-to-peer, it is considered  and doesn’t require a controlling third party – such as a bank government –  confirm or monitor transaction.

Instead, Bitcoin transactions are confirmed by miner who are rewarded with for each block that is verified and added to the  This reward is what miners to continue to confirm transaction and keep the Bitcoin network growing.

Every four years, Bitcoin’s block reward is reduced in half, resulting in miners receiving less and less as time goes This is referred to by the  industry as halving.

Bitcoin’s supply is hard-capped at 21 million and combined with each block halving, give Bitcoin a deflationary aspect and provides the asset with a scarcity similar to gold fact, Bitcoin has been commonly referred  as digital gold.

Bitcoin  Prediction | Will Bitcoin Rise Once Again? - unnamed

 

These unique properties are said  make Bitcoin not only a  currency, but also a store of value, and even a safe haven asset during times of economic crisis.

3.  The History of Bitcoin Price Action

Bitcoin price today is trading at around $31,000, but given how volatile  asset is and its propensity to go on parabolic run, Bitcoin price tomorrow could double from here  correct by another 80%.

Bitcoin started   life virtually worthles,  a value of far less than a penny when the Bitcoin Core client code was released into the wild. Years later, it began trading at over $1,000 and started  considered as a serious financial asset with long  potential.

In 2017, Bitcoin potential took the world by storm, as many became rich beyond their wildest dream once Bitcoin reached its now former all-time high of $20,000   coin. Mainstream media ran  news story after story, causing retail investors to rush into buying the asset.

Bitcoin  Prediction | Will Bitcoin Rise Once Again? - unnamed 5 

But once 2018 hit, a major Bitcoin trend change  and  price started going down. Due to how volatile Bitcoin is, market price retraced as much as 80% down to $3,000 where eventually bottomed, leaving many wondering “will Bitcoin go up in value ever again?” Other knew Bitcoin and opened long position at the bear market bottom.

At the start of 2019, Bitcoin growth returned once again, and a powerful rally t Bitcoin price back of the bear market lows, and above $10,000 to $14,000 before falling back  to $6,500.

In 2020, the Black Thursday crash  Bitcoin to under $4,000. But the  effort put forward  the US and other nations to combat the pandemic, inflated the money supply significantly putting  in the financial spotlight.

The cryptocurrency went into another uptrend in 2021 and set  new all-time  at $65,000. Bitcoin since crashed by more than 50% back   low $30,000 range. Bitcoin price  now currently trading  around $44,000 per coin.

4.  Experts Share Their Thoughts on Bitcoin Future

Several expert have weighed  on their short and long-term price expectations for Bitcoin price. Here are some of the most popular Bitcoin price forecasts from top industry expert.

Bitcoin  Prediction | Will Bitcoin Rise Once Again? - max , Financial Analyst and Host  Report

Max , investor, and host of the  Report calls for $100,000 Bitcoin in  short term, but $400,000 in the long-term.

 is one of most outspoken bull, calling for $100,000 since  asset was trading at just $1. His new $100,000 target though is for the end  2020, meanwhile, $400,000 is a long-term goal  to  and a comparison  gold.

“I am officially raising target Bitcoin — and I first made this prediction when  was $1, I said this could go to $100,000 — I’m raising my official target for the first time  eight year, I’m raising  to $400,000,” said.

Bitcoin  Prediction | Will Bitcoin  Once Again? -i, Entrepreneur, Investor, and Best-Selling Author

Robert , New York Time bestselling author of  book Rich Dad,  has been recommending his follower buy gold and Bitcoin. He call gold to reach $3,000 an ounce, and Bitcoin  reach $75,000.

 

Plan B’s Stock-to-Flow Model Based  Scarcity

The popular Stock-to-Flow model created by Bitcoin expert Plan B which uses the  digital scarcity to estimate price valuations in the future. The model shows Bitcoin reaching  high as $288,000 in the next cycle peak, which should take place over the next couple  year.

Adam Back, Bitcoin Developer and CEO

Bitcoin developer and early electronic cash pioneer Adam Back says that Bitcoin  reach  high as $300,000 over the next several year.

 might require additional institutional adoption [to reach $300,000] because the current environment is causing more individuals  hedging [and] retaining when  a lot of money printing in the world,” Back told Bloomberg.

5.  Retrospective: Past Bitcoin Historical Price Prediction That Got It Right 

BTC price forecast aren’t easy to make, but several of leading industry expert have managed to make correct call over the years.

Daniel Masters, Analyst at Global 

Daniel Masters made a call  Bitcoin price to break out in 2017 and reach  high of $4,400. Bitcoin did indeed reach that price in 2017, but smashed right through  and kept going to $20,000.

Bitcoin Price Prediction | Will Bitcoin Once Again? - , South African  Entrepreneur and CEO Civic

Back in 2016,  made a bold call that Bitcoin would between $2,000 and $3,000 in 2017, a more conservative  than Masters. Just like , the call was trounced by Bitcoin’s explosive rally.

 

 

Peter Brandt, Legendary Trader 

In one of the rare  price prediction that came true, Peter Brandt called for Bitcoin to drop over 80% following a break of its parabolic advanced in early 2018. By the end oft target was met and Bitcoin fell to $3,200.

  

Tim Draper, Billionaire Venture Capitalist

Tim Draper has  knack for spotting the  big thing, and he heavily invested in. The billionaire venture capitalist called for Bitcoin to reach $10,000 by 2018 all  way back 2014. The visionary was right gain, and the year prior  asset doubled that projection.

Bloomberg Research 2020 Bitcoin Report

Bloomberg Research recently released a new report on  future of Bitcoin  an investment.  major media  and finance terminal say that Bitcoin should reach $12,000 and $20,000 by the end of 2020. Both prediction  accurate.