Bitcoin is a very popular and well-known cryptocurrency that was launched 12 years ago in 2009. Over the years Bitcoin has positioned itself at the top of all cryptocurrencies and now it looks set to experience some remarkable value increases in the upcoming years. Though attempting a long-term Bitcoin prediction is very hard but in this article, we will try to give a Bitcoin price prediction for 2030 and what is the expert’s opinion about Bitcoin price in this time frame.
Bitcoin has reached its price all the way up to $48500+ in the 2nd quarter of 2021. If we see the previous Bitcoin price trend then we might expect sizable corrections for BTC in 2022, 2026, and 2030. Though there are no reliable indicators available to predict the exact price of Bitcoin the stock-to-flow model can give you an idea of the future of Bitcoin in the coming years.
Jump To A Section
- 1 Bitcoin Price Predictions According To Stock-To-Flow Model
- 2 Bitcoin Price Forecast
- 3 Bitcoin Price Prediction 2021 To 2030 From Experts
- 3.1 Shervin Pishevar – $100,000 (by 2022)
- 3.2 Thomas Fitzpatrick – $318,000 (by 2022)
- 3.3 Anthony Pompliano – $250,000 (by 2022)
- 3.4 Wences Casares – $1,000,000 (by 2027)
- 3.5 Kay Van-Petersen – $100,000 (by 2027)
- 3.6 Mike Novogratz – $7.5 trillion (by 2029)
- 3.7 Winklevoss Twins – $500,000 (by 2030)
- 3.8 Jeremy Liew – $500,000 (by 2030)
- 4 FAQs About Bitcoin Price Prediction 2030
Bitcoin Price Predictions According To Stock-To-Flow Model
If you want to know the price prediction of Bitcoin then the stock-to-flow model is the first place to check. The stock-to-flow model is based on pseudonymous trader PlanB and it won plaudits, with Forbes calling it “remarkably accurate”. This model is simple. We know that every four years, the number of new bitcoin entering into circulation is slashed by 50%. Currently, you can mine just 6.25 BTC per 10 minutes. So, it is equivalent to about 900 BTC a day. The last Bitcoin slash was in 2020 and the next Bitcoin slash will be 2024 and it will fall to 3.125 BTC in 2024 and 1.5625 BTC by 2028. Here, the theory is that reduced supply causes prices to rise if demand remains high.
There might be 21 million bitcoin that will ever exist and with the high demand for long-term investment from investors and institutes, it is expected that the price of Bitcoin will increase in the coming years. So, there will be a small amount of supply available for Bitcoin; which might force the new investors to pay a high price to get their hands on Bitcoin. Based on this model, bitcoin is expected to hit the $900,000 mark at some point in 2025. Sometimes, this type of prediction comes true sometimes it doesn’t. For example, Analyst Scott Melker claims that Bitcoin might reach an average price of $288,000 in 2021. On the other hand, NASDAQ says that the price of Bitcoin might reach $100,000 this year. While most other experts are optimistic that Bitcoin might end the year 2021 in the range of $42000 to $49500.
Bitcoin Price Forecast
The price forecast of Bitcoin is broken down into two parts: technical factors and fundamental factors. This price forecast will give you a complete overview of what will be the price of Bitcoin in the coming years.
If you check the recent price of Bitcoin, you will see it is following an uptrend and its price is increasing after a drastic drop since April. Therefore, investors are looking to get involved in the bull run of Bitcoin which shows no signs of stopping the growth of Bitcoin at present. If you check the current price chart of bitcoin, you will see it has breezed past the strong resistance at the $40,000 level and is using that momentum to head towards the $50,000 mark. This price range is providing strong support because it represents a psychological level that price must break. Except for some minor pullback, the price of Bitcoin is gathering momentum before proceeding through. If Bitcoin breaks the resistance of $50,000 then there’s a good chance that price could get a strong base for a further push. The technical factors indicate that the price of Bitcoin will continue to head higher and push towards the highs of the $64,000 level in the 3rd quarter of 2021.
The best party of Bitcoin is it has a strong use case, which makes it special from other cryptocurrencies. For example, if you want to buy other cryptos like Dogecoin, then you’d be buying simply to speculate on price increases. But this is not the case for Bitcoin. Nowadays, many entities are beginning to accept Bitcoin as a payment method that means the use of Bitcoin is increasing and so does its price. There are some rumors about Amazon accepting Bitcoin as a payment for their online platforms; though Amazon denied it many other eCommerce websites and other online platforms are now accepting bitcoin as a payment method. Moreover, some rumors hinted that Apple had secretly purchased around $2.5 billion worth of Bitcoin though it has not been confirmed by Bitcoin if it becomes true then it would be a massive boost to Bitcoin’s credibility. In the future, if various companies stated to use Bitcoin in their operations then it will definitely push the price of Bitcoin.
Bitcoin Price Prediction 2021 To 2030 From Experts
If you’re looking for a quick Bitcoin price prediction then you can check the below information. There are lots of Bitcoin price predictions made for the mid to long term by experts. Here are some of the most exciting predictions from legendary Bitcoin evangelists.
Shervin Pishevar – $100,000 (by 2022)
Shervin Pishevar is a renowned venture capitalist and he has co-founded Hyperloop One and Sherpa Capital. Over the years, he has made several investments in various companies including AirBnb and Uber. Shervin Pishevar has predicted that Bitcoin might reach $100,000 by the end of 2022. This prediction came after a meeting with MicroStrategy CEO Michael Saylor in December 2020. MicroStrategy invested more than $1 billion in Bitcoin during 2020.
Thomas Fitzpatrick – $318,000 (by 2022)
Thomas Fitzpatrick is the global head of CitiFX Technicals. CitiFX Technicals is a popular market insights product. Thomas Fitzpatrick made the headlines for his Bitcoin prediction of $318,000 by 2022. This prediction came into light when his report was leaked onto the internet in late 2020. He found similarities between the gold market of the 1970s and Bitcoin’s price action. So, his bitcoin price prediction does have some value and time will say whether his prediction is right or wrong.
Anthony Pompliano – $250,000 (by 2022)
Anthony Pompliano is a well know Bitcoin expert and he is the founder and partner at Morgan Creek Digital which is a crypto-friendly asset management firm for institutional investors. Once he claimed that he holds more than 50% of his net worth in Bitcoin and it showed his belief in Cryptocurrency. Anthony Pompliano first predicted that Bitcoin will hit $100,000 by the end of December 2021 but then he revised his prediction and said that bitcoin might reach $250,000 by the end of 2022.
Wences Casares – $1,000,000 (by 2027)
Wences Casares is the Founder and CEO of Xapo. Xapo is a Bitcoin wallet startup and a board member at PayPal. He first invested in Bitcoin because of the high financial volatility of his home country Argentina and its currency, the Peso. Wences Casares predicted that Bitcoin might hit $1 million sometime before 2027. He stated the price prediction at the Consensus 2017 conference in New York.
Kay Van-Petersen – $100,000 (by 2027)
Kay Van-Petersen is an analyst at Saxo Bank who has an MSc in Applied Economics & Finance from Copenhagen Business School Kay Van-Petersen thinks that Bitcoin will rise to $100,000 per unit by 2027 and he stated it on CNBC news in May 2017. Previously, Kay Van-Petersen successfully predicted Bitcoin’s flow up to $2,000 by 2017.
Mike Novogratz – $7.5 trillion (by 2029)
Mike Novogratz has been investing in Bitcoin and blockchain technology for a long time and over the years he has made several price predictions of Bitcoin. Sometimes, his prediction was correct, sometimes they were incorrect. In March 20191, he made another prediction about Bitcoin and said that Bitcoin will easily surpass gold’s market cap of $7.5 trillion within 2029.
Winklevoss Twins – $500,000 (by 2030)
Winklevoss Twins are the famous bitcoin billionaires and they have said that Bitcoin has the potential to reach a price of $500,000 by 2030. Tyler Winklevoss said –
“Our thesis is that bitcoin is gold 2.0, that it will disrupt gold, and if it does that, it has to have a market cap of 9 trillion, so we think it could price one day at $US500,000 of bitcoin.”
Jeremy Liew – $500,000 (by 2030)
Jeremy Liew is a partner at Lightspeed Venture Partners who are well known for investment in the social media app Snapchat. He has other investments include the multimedia company Beme, the listing service VarageSale, and the hardware wallet LedgerX. In an interview with Business Insider in May 2017, Jeremy Liew said that there are significant changes, Bitcoin’s price might “realistically” reach $500,000 by 2030. The prediction from Jeremy Liew is backed by Peter Smith, the CEO, and co-founder of Blockchain.
FAQs About Bitcoin Price Prediction 2030
1. What Drives The Price Of Bitcoin?
Several factors drive the price of Bitcoin. Most of these factors are related to supply and demand effects. Some common factors that drive the price of Bitcoin are –
1. Institutional adoption
2. Celebrity endorsement
3. “Hype” by market news, etc.
2. What Will Bitcoin Be Worth In 2025?
According to many bitcoin price predictions from experts and professionals, Bitcoin might be worth over $100,000 by 2025. This prediction can become reality if Bitcoin continues on the upwards trajectory it is currently on.
3. How Many Bitcoin Tokens Are Left?
There will be a total of 21 million Bitcoin to be ever created and about 18.7 million have already come out of the massive mining farms. So, most of the Bitcoin has already come into existence and there might be only 11% tokens left. Once the total bitcoin comes into existence, you can only have Bitcoin by exchange.
4. What Will Bitcoin Be Worth By 2022?
If you consider the recent uptrend of Bitcoin’s price then you can expect Bitcoin to reach at least the $70,000 mark by the end of 2022. Al ready Bitcoin is the best performing crypto in 2021 and if there is no dramatic change, then Bitcoin will continue to grow in 2022 and so does its price.
Last Updated on August 31, 2021 by Musa D