Bitcoin Price Prediction 2024 – 2030

Bitcoin remains the world’s largest cryptocurrency, used by millions of people globally as a way to make payments or as an investment vehicle. Although Bitcoin has had a challenging time of late, its first-mover status means it’ll likely stay at the top of the pile for years to come. 

This article presents our in-depth Bitcoin price prediction, diving into the coin’s price history and making several forecasts for the future. We’ll also explore where investors can buy Bitcoin today before highlighting an alternative project that could rival BTC in the coming years.

Bitcoin along with the rest of the crypto market, has recently reacted positively to news that a Bitcoin ETF could be approved in the near future. This pushed Bitcoin prices above $30,000 for the end of 2023 and, at the time of writing, Bitcoin was look like it was making a push for $40,000.

Bitcoin Price Prediction Summary

Do you find yourself asking is Bitcoin a good investment? Throughout this article, we’ll explore our BTC price prediction in detail, highlighting our price estimates for the coin over the coming years. For now though, presented below is a brief overview of these estimates:

• End of 2024: With Bitcoin’s growing popularity, an approaching Bitcoin Halving and the lightning network advancement, the future looks bright for the coin. As more and more people adopt it, there’s potential for it to reach new heights in 2024, potentially even reaching a remarkable $62,000 by the end of 2024.
• End of 2025: Our analysis estimates that the BTC price could hit $83,000 by the end of 2025, with spot Bitcoin ETFs and institutional adoption likely to have been introduced and the effect of the 2024 Bitcoin Halving expected to be felt in this year.
• End of 2030: The uptake of cryptocurrencies continues to surge, and merchants may soon start accepting Bitcoin as payment for goods and services. This could lead to even greater adoption, and if all goes well, Bitcoin could cross $150,000 by 2030, breaking the $100,000 mark.

History of the Price of Bitcoin

More people than ever are considering whether to buy Bitcoin in the hope of generating a solid return, which is becoming hard to do in today’s harsh economic environment. However, like most crypto-assets, Bitcoin was negatively affected by rising interest rates in 2023 and the prevailing ‘risk-off’ nature of investors in this environment has lead many to liquidate their holdings in search of ‘safer’ assets.

To explain the coin’s current situation, it’s best to look back at the Bitcoin price history. For those unaware, Bitcoin was created as a result of a whitepaper authored by the mysterious Satoshi Nakamoto. This paper, titled ‘Bitcoin: A Peer-to-Peer Electronic Cash System’, was published in October 2008, with BTC’s source code released a few months later.

The first BTC transaction occurred in January 2009, and in the years that followed, Bitcoin became increasingly popular amongst internet users that wished to remain anonymous. This anonymity was made possible through Bitcoin’s innovative use of blockchain technology, which allowed network users to send and receive BTC without providing personal information.

The Bitcoin crypto price had its first ‘bull run’ in late 2013, a year after the 2012 Bitcoin Halving event, and saw the Bitcoin price increase by almost 10,000% in just a few months. The next upwards surge didn’t occur until mid-2017, a year after the 2016 Halving event, when the price of Bitcoin rocketed by 1,694% in under 11 months. By December 2017, Bitcoin was trading around the $20,000 level.

After a few more years of peaks and troughs, Bitcoin really entered the limelight, as the coin’s price went on a huge bull run between March 2020 and April 2021, hitting highs of $59,890.02. After a temporary fall, BTC’s price recovered and surged to an all-time high of $68,789 in November 2021, as seen on Bitcoin’s price page on CoinMarketCap.

However, the Bitcoin stock price couldn’t sustain these remarkable highs and immediately plummeted, entering a sustained bear phase which saw the coin lose 50% of its value. After a brief hiatus, the second leg of this bear phase commenced, causing BTC’s price to drop to the $18,000 region. This continued until the start of 2023, which is when the leading crypto started spiking in value once again.

The first half of 2023 was excellent for BTC, with the price almost doubling since the start of the year, reaching $31,000 at the end of June. This was due to a slew of institutional interest, including major asset managers such as BlackRock, Fidelity and WisdomTree applying for spot Bitcoin exchange-traded funds (ETFs).

Numerous Bitcoin ETF applications are currently being held up by the United States Securities and Exchange Commission (SEC). It is expected that the SEC will approve one or more of these ETFs in early 2024, and that, along with the Bitcoin Halving coming at the end of the Q1 2024, could be the catalyst for another bull run.

The current Bitcoin price sits between $37k–38k – a 45% decrease from the all-time high attained in 2021. However, it’s important to note that this steep decline in price has more to do with macroeconomic factors than Bitcoin itself, as most (if not all) major altcoins and tokens have also experienced value decreases.

Before moving on to our Bitcoin price predictions for the years ahead, let’s briefly recap the key points to bear in mind:

• Bitcoin (BTC) was conceptualized in late 2008 and officially ‘launched’ in early 2009
• BTC’s first bull run occurred in 2013 when the coin’s price rose by 10,000%
• BTC’s second major bull run was in 2017, when the coin’s value rose by 1,694% in just under 11 months
• Bitcoin showed sustained bullish momentum in 2020 and 2021, reaching an all-time high of $68,789 on November 10, 2021
• Immediately after hitting this all-time high, BTC’s price sank by 67% between November 2021 and February 2022.
• Hope for a more moderate stance by the Fed towards rate hike as well as other macroeconomic conditions, pushed the value of Bitcoin above $20k at the beginning of 2023. 
• The first half of 2023 was excellent for BTC as the price nearly doubled from January to July, reaching a local high just shy of $32k amid a flurry of spot Bitcoin ETF applications from major asset managers.
• Bitcoin’s price has since dipped, but with the next halving approaching, and ETF approvals around the corner, bullish sentiment is expected to grow into 2024. 

Will Bitcoin Ever Recover?

Since mid-October, Bitcoin’s price has increase by over 40%, calming fears that Bitcoin’s stint above $30,000 might be short lived. Bitcoin is currently trying to climb above $38,000 for the first time this year, and it is yet to see if it can sustain these prices. This is a more than 145% increase from the lows of $15,476 in November 2022, but still 45% down from it November 2021 highs.

While the global economy and cryptocurrency markets seem to have weathered the economic storm of the past few years well, there is still uncertainty about the future. However, with a Bitcoin Halving event in coming 2024—events which have historically been followed by a bull market that peaks 12–18 months afterwards—,a new crypto friendly president  in Argentina, and Bitcoin ETFs poised for approval at some point in 2024 in the USA, and regulations for cryptocurrencies taking shape around the world, many would say Bitcoin’s road to recovery is well paved.

There is, of course, nothing set in stone—especially in the wild world of cryptocurrencies.

Bitcoin Price Prediction 2024

Looking at Bitcoin’s price chart, it could seem like the world’s top cryptocurrency is ready to initiate—some would say has started—a bull run. Certainly, as mentioned, the scales seem to be tipping this way way as we head into 2024.

The…