Bitcoin (BTC) Price Prediction 2024 – 2040

Prediction 2024

If you’re looking for Bitcoin price prediction or future possibilities, this guide can help you.

Our analysis of Bitcoin’s price forecast, spanning short and long term, delves into its utility and influencing factors and shows current investment opportunities in BTC.

Let’s explore further.

Bitcoin Price Prediction 2024, 2025, 2030, 2040

Bitcoin’s price today is over $67K. The token has been revived since the start of 2024, and notably, it has seen substantial growth since the beginning of this year.

To help provide an overview of BTC’s long-term outlook, presented below is our price forecast for the years ahead:

End of 2024 – As the coin gains momentum and the lightning network expands, it could continue to grow in 2024. With the increasing mass adoption and the post-Bitcoin halving effect, the king coin could reach a peak of $90,000 by the end of 2024.
End of 2025 – Our Bitcoin prediction for 2025 concludes that this coin might reach new heights and reach a peak value of $100,000. The price surge will probably be largely influenced by the halving and we can expect this increase by the end of the year.
End of 2030 – With the rate of crypto adoption showing no signs of slowing, there’s scope for BTC to become more widely accepted by merchants when paying for goods and services. Should this occur, there’s undoubtedly scope that Bitcoin could surpass the $100,000 level and reach $150,000 by 2030. Some Bitcoin bulls even predict a $1 million BTC in the future.
End of 2040 – Depending on the adoption by several countries and Bitcoin’s ability to reshape the traditional financial system, more and more users will be attracted to the coin. As a result, it could reach as high as $250,000 by the end of 2040.

Bitcoin (BTC) Price History

As the first cryptocurrency to hit the mainstream, Bitcoin has broken down many walls in the space and created a pathway for other projects to flourish. Although BTC was considered the ‘best’ crypto for a long time, other coins that possess appealing use cases have taken the attention away from Bitcoin. However, many investors still look to buy Bitcoin due to its value potential and low volatility relative to other coins.

In its most basic sense, Bitcoin is a decentralized peer-to-peer (P2P) digital currency that verifies transactions through blockchain technology.

Bitcoin’s creator, Satoshi Nakamoto, has remained anonymous since publishing his famous whitepaper in 2008, in which he detailed the specifics of how Bitcoin would function. BTC’s first-ever block was mined in early 2009, and the coin immediately gained traction from tech-savvy students and programmers. Nakamoto then handed over control of the code to another developer in 2010.

The first recorded BTC price was in July 2010, when the coin began trading at $0.0008. Investors looking to buy cryptocurrency and gain exposure to this new technology helped drive Bitcoin’s price over the following years, seeing BTC’s price hit $250 in 2013. However, it wasn’t until mid-2017 that Bitcoin entered the mainstream.

The price of Bitcoin rose a staggering 2,300% throughout the latter half of 2017, breaching the $19,000 level. A sustained bear market followed this high, which saw Bitcoin lose around 85% of its value. A few sporadic bullish spikes were dotted around, although the real movement began in late 2020.

bitcoin price chart all time May 2024

From September 2020 until April 2021, Bitcoin rose by over 540%, hitting a high of $64,700. After a short pullback, the price surged once more, reaching an all-time high of $68,789, according to CoinMarketCap.

Bitcoin has grown strongly in 2023. As of March 2023, the token was trading under the $23K barrier until October, when it surged over $34K. However, the beginning of 2024 brought new growth opportunities for the crypto giant, which surpassed its previous all-time high price and reached $73,835.57 on March 14th.

Before we dive into our Bitcoin prediction, here’s a brief overview of the points discussed thus far:

Satoshi Nakamoto published his Bitcoin whitepaper in October 2008.
Bitcoin’s open-source code was officially released in January 2009.
Bitcoin’s first recorded price was $0.0008 in July 2010.
Bitcoin hit a high of $19,000 in 2017.
Following this high, BTC goes on an extended bear run and loses 85% of its value.
Bitcoin recovered and hit an all-time high of $68,789 in November 2021.
The token plunged to the $16,500 mark by the end of 2022.
On March 14th, 2023, Bitcoin surpassed its all-time high price and reached $73,835.57.
At the time of writing, Bitcoin’s price stands at $67K.

Bitcoin Price Prediction end of 2024

At the time of writing, the coin’s prospects are positive for the years ahead. One of Bitcoin’s main value drivers heading into 2024 will be the growth of the Lightning Network – Bitcoin’s layer-2 payment protocol and the Bitcoin Halving that happened on April 19, 2024.

As stated by Coinbase, the Lightning Network allows users to send and receive BTC quickly and cheaply by moving transactions off of the main blockchain. This allows the core blockchain to run faster and has the added benefit of making Bitcoin payments more appealing.

Another factor to consider is the Bitcoin halving. The Bitcoin halving occurs every four years, reducing the reward for mining new blocks. 2012, it decreased to 25 BTC, followed by reductions to 12.5 BTC in 2016 and 6.25 BTC in 2020. This event increases market volatility, with investors closely monitoring dynamics, causing price fluctuations and heightened trading activity.

The recent halving event in the Bitcoin network has led to a reduction in the block reward from 6.25 to 3.125 BTC per block, which affects the profitability of Bitcoin mining. This change in the reward may pose challenges for miners with higher energy costs and less efficient hardware, leading to a shift in the mining landscape. The halving occurred when block 840,000 was mined.

Based on the historical price movements of Bitcoin and the BTC halving cycles, our Bitcoin price prediction hints at a potential low of $57,027 with an average of $65,997, and a high of $90,000.

Bitcoin Price Prediction 2025

Our Bitcoin price forecast for 2025 is rather positive. The Bitcoin Halving event’s impact is expected to extend into 2025, potentially pushing Bitcoin’s value over the $100k mark. Typically it takes 12 to 18 months post-Halving for Bitcoin to start increasing in price again.

However, the Halving isn’t the only factor that will influence the price of Bitcoin in 2025. Increased confidence from new investors and greater regulation could also attract more funds to Bitcoin.

With that said, our Bitcoin price prediction for 2025 includes a low of $52,000, a high of $100,000, and an average of $63,000.

Bitcoin Price Prediction 2030

Real-world use cases and speculation will likely drive Bitcoin’s price. All the best crypto exchanges offer BTC as a tradable asset, making it easy for beginner investors to get their hands on the coin. In addition, many other platforms (such as PayPal and Cash App) have now offered Bitcoin investing – increasing accessibility even more.

Returns continue to be low through ‘traditional’ investments, which has naturally seen many investors gravitate towards the crypto market.

Although digital currencies are far more volatile than most asset classes, they do have the potential to generate market-beating returns. This is evidenced by Bitcoin’s remarkable 302.8% return in 2020 alone.

Overall, investment behaviors are likely to continue evolving in the years ahead, meaning cryptocurrency investing will likely become more commonplace.

As such, our Bitcoin price prediction 2030 forecasts that the coin could reach the $150,000 level by this point. However, the most bullish of Bitcoin maximalists predict a much higher price for BTC, with huge sentiment that the coin could reach up to $1 million in the next decade.