In this guide, we will express our and the market’s opinion on the future of BTC as we discuss Bitcoin’s price predictions for 2023 and beyond.
Keep in mind that you should take this and any other forecast with a grain of salt since predicting anything is a thankless task, let alone predicting the future of a new highly volatile financial asset like Bitcoin.
Now, let’s get into it. Before we delve into Bitcoin’s price prediction and answer questions about whether BTC is a good investment or not, why BTC will succeed or fail, or why Bitcoin’s price will rise or fall, let’s quickly take a look at what BTC is and its history to date.
Long-term overview of Bitcoin
If we are honest, bitcoin is still, for the most part, a favorite toy of experienced and less experienced speculators, but the number of builders is also growing. The ecosystem and surrounding infrastructure are being built at a blinding rate, while brand presence and recognition are reaching all-time highs, especially among the younger generation.
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The old establishment, made up mostly of old white men, is still yelling at bitcoin, hurling blows, insults, and calling for a ban (the best proof of their obvious lack of understanding of how bitcoin works). Fortunately, biology is on bitcoin’s side: the old ruling class and the archaic technologies they cling to are dying, making room for new ideas and technologies.
Bitcoin already owns real estate in the heads of the next decision-makers and holders of wealth and it is only a matter of when, not will, bitcoin will enter the mainstream financial world.
Let’s take a look at historical price action and then the fundamental forces that will push bitcoin up in 2022.
We can divide the fundamentals into two categories: protocol improvements and ecosystem/infrastructure building.
Bitcoin Price Prediction
The entire cryptocurrency world is on the verge of complete collapse. Bitcoin fell 75% from its all-time high amid broader market declines caused by furious inflation and the US Fed’s rate hikes.
When you add the most recent collapses of huge industry players (FTX, Celsius, Moon etc.) into the equation, the horizon is murky and there will be more blood on the streets of the crypto city.
Investors are selling risky assets and moving to more stable markets. Crypto is still perceived as a very risky game and therefore sell off.
Our algo still sees some green in 2023, especially in the second half of the year. This is reflected in our forecast for 2023.
Right now, Bitcoin needs to find a bottom before we can move in the opposite direction and reverse the trend.
Once Bitcoin settles into the new price range, altcoins will start doing the same – we’ve seen this scenario dozens of times in distant and more recent history.
Our price forecasting model is bearish for the next 90 days with a hint of a bull market straddling quarters from Q1 to Q2. We expect whales and other larger players in the market to finish filling their bags around that time, which will cause a typical and sudden crypto spike.
The fundamentals we evaluate are teams, tokenomics, use case, community, marketing efforts, liquidity and availability of exchange, hype and speculative potential, and some other proprietary factors developed in our crypto lab.
Bitcoin Price Prediction 2023
High inflation and the extremely dangerous macroeconomic situation have been heavily reflected in the price of Bitcoin in 2022. When we take the internal crypto issues with big players like FTX, Celsius, Voyager, Luna going down, 2023 doesn’t look too good for bulls. We’ll likely see a lot of boring sideways price action with a tendency to slide down with each minor market tremor.
BTC Price Prediction 2025
Our forecast model sees BTC reaching $81217.82 in 2025.
How much will BTC be worth in 5 years?
The price of BTC in 5 years could be around $ 37663.30
Bitcoin Price Prediction 2030 – 2040
How much will Bitcoin be worth in 2030?
Our forecast model sees Bitcoin reaching $203044.55 in 2030.
How much will Bitcoin be worth in 2040?
Our forecast model sees Bitcoin reaching $406089.09 in 2040.
Is Bitcoin worth buying?
We are supporters of moderately risky investments: invest most of your cryptocurrency portfolio in BTC (50%); 35% in a basket of large-cap coins and the rest in small projects with huge increases. So, in this context, it is worth buying Bitcoin.
Is Bitcoin a good investment?
Bitcoin is, just like all other cryptocurrencies, a risky investment. It is more likely to go up than down because of the good use case, well-designed tokenomics, active community, and a strong team behind it.
How much will Bitcoin be worth?
For the short-term future, it could reach $10449.47. In the long term (8-10 years), it could jump to $203044.55 or even higher.
Why will Bitcoin succeed and rise in price?
Bitcoin has a good use case, well-designed tokenomics, active community, and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees Bitcoin rise to $203044.55 in 2030.
Why will Bitcoin fail and fall in price?
Cryptographic projects fail for various reasons. Some of the most common are: the team goes rogue and abandons the project, regulators declare it illegal and press exchanges to delist it, lack of media attention, more successful competitors, lack of a well-designed marketing strategy, loss of community support, potential vulnerability in the protocol, failure to achieve the minimum development activity foreseen on the protocol, inability to attract new developers to build on their platform.
How high will Bitcoin go?
Our prediction model sees the price of Bitcoin explode and reach $406089.09 in the distant future.
Can Bitcoin make you a millionaire?
Yes, if you buy a large enough sum. Don’t expect to invest $100 and become a Bitcoin millionaire. But 100x price explosions are a common sight in crypto, so a $10k investment in Bitcoin could make you a millionaire.
Frequently Asked Questions about Bitcoin Price Prediction
Will Bitcoin increase in value?
It depends on who you ask. Cryptocurrency enthusiasts definitely believe this and considering that the number of “crypto infected people” is growing day by day, it is very likely that bitcoin will increase in value in the coming years.
Why is bitcoin falling?
Bitcoin is an exchange-traded commodity/currency, available for non-stop buy and sell orders and depending on market forces, both internal and external, its price fluctuates both up and down. However, the overall long-term trend is positive and all price falls are relatively short-lived.
Why is bitcoin going up?
Because it is
considered a safe haven against traditional financial instruments and the number of people who believe it is expanding. And because any kind of money has value just because people attribute it, the value of bitcoin continues to grow in proportion to the number of people who consider it valuable.
Is it smart to invest in Bitcoin?
It depends on your investment profile, you are a long-term or short-term investor. Regardless of your investment affinities, we strongly recommend that you do extensive research before making any investment decision.
Can Bitcoin reach a million?
If bitcoin reached $1 million per coin, this would mean the complete collapse of the current economic order and a total paradigm shift in people’s perception of the economy and financial systems. And this is in the realm of possibilities in the next 10 years.
Can Bitcoin be exchanged for real money?
Of course, you can trade it on various cryptocurrencies on fiat exchanges or sell it face to face to someone who is willing to pay you.
How much will Bitcoin be worth in 2022?
According to some analysts, Bitcoin could reach $123,500 by the end of 2022.
What was the lowest price of Bitcoin?
The lowest price recorded was in October 2010,
when Bitcoin was just starting out and was worth less than a dollar and cost $0.125, and in 2011 from February to April, it was trading at $1.00.
How much will Bitcoin be worth in 2030?
The number of price forecast analyses that see Bitcoin rise well above $500,000 by 2030 is increasing.
Can Bitcoin be converted into money?
Yes, either on crypto ATMs or buy by selling it on exchanges and then withdrawing to your bank account.
Is Bitcoin safe and legal?
Bitcoin has yet to be regulated in most of the world, but stories about the positive legal frameworks developed around bitcoin and crypto are popping up with increasing frequency. It is not illegal, with the exception of a couple of marginal countries in the world.
How do I start buying Bitcoin?
You can go here directly to start buying Bitcoin.
fundamentals
Protocol improvements
Freelance journalist Ian Edwards wrote an excellent piece about bitcoin protocol improvements that you can read here. Here is the excerpt with the most important developments. It’s worth noting that prolific bitcoin developer Pieter Wuille submitted two Bitcoin improvement proposals (BIPs) on May 6 that offer plans that could prove critical to a possible upgrade of the cryptocurrency.
Wuille’s first BIP describes a “new type of SegWit version 1 output, with spending rules based on Taproot, Schnorr signatures, and Merkle branches.”
While the second describes “the semantics of the initial scripting system under beep-taproot”.
Below are the most important protocol developments that are being worked on right now, with no precise deadlines on when they will be implemented.
TREE
MAST, short for Merkelized Abstract Syntax Trees, proposes to improve Bitcoin by changing the way smart contracts are written on the blockchain. In fact, it allows smart contracts to be broken down into their individual parts. This has several advantages in terms of privacy, transaction size, and allowing for larger smart contracts. There are great articles about MAST here, here and here. There is no set timeline for its implementation.
Schnorr signatures
The Schnorr
signatures, named after their inventor, Claus-Peter Schnorr, are a proposal to replace Bitcoin’s current digital signature algorithm (ECDSA) with a more efficient one. The first way they will improve the bitcoin protocol is that they will allow the aggregation of multiple transaction signatures into a single signature.
This would make the transaction sizes smaller in these types of transactions and could reduce the transaction usage of Bitcoin network storage and bandwidth by about 25%. Second, Schnorr’s signatures would increase the privacy of multisig transactions by aggregating signatures in these transactions, thus masking the original signatures.
Bulletproof
Bulletproofs promise to improve Bitcoin’s privacy by hiding amounts of transactions, while leaving the sender’s and recipient’s wallet addresses public. They are already implemented on Monero while the implementation of Bitcoin is still pending and according to Wuille “too premature to propose inclusion in Bitcoin”.
Confidential transactions
Confidential transactions (CTs) would keep Bitcoin transaction amounts visible only to transaction participants.
Sidechain Projects
Sidechains are intended to allow other blockchains to connect to the Bitcoin network using a separate coin tied to bitcoin. This means that each sidechain is a separate blockchain that can have different rules from the Bitcoin mainnet while remaining connected to it. There are several sidechain proposals currently under development: Liquid Network, RSK and Drivechain.
Liquid network
Liquid is a private sidechain, so there’s some control over who can access it. The advantages of Liquid are that it allows instant transactions, privacy (confidential transactions are integrated) and the ability for users to hold liquid funds outside of an exchange.
RSK
RSK is a sidechain that plans to bring smart contract functionality and near-instant payments to the bitcoin network. Like Liquid, it uses a federated system, with custodians tracking the movement of bitcoins between the RSK network and the Bitcoin mainnet. It does this by using a token called SBTC (smart bitcoin), which is pegged to BTC with a 1:1 ratio.
Drive chain
Drivechain plans to allow multiple blockchains to be connected to the Bitcoin mainnet. Like RSK, drivechain sidechains built can be protected by Bitcoin miners using united mining. Unlike RSK, Drivechain is flexible, and developers could sidechain tailored to the specifications they want, such as larger blocks or privacy features.
Mimblewimble
Mimblewimble is a proposal for a bitcoin-like blockchain that claims to provide greater security than the current Bitcoin protocol, better scalability, a different type of cryptographic security, and an ASIC-resistant mining algorithm to encourage decentralization of mining.
Lightning Network
Of course, there is the highly controversial Lightning Network project, the long-awaited Level 2 scaling solution that brings a lot of bitcoiners’ hopes and attracts a lot of controversy and deductions from other fields, mainly from bitcoin forks like BCH and BSV.
Lightning Network, saw significant growth last year. The first implementation of Lightning developed by Lightning Labs was launched in beta in March 2018.
In just over a year since it went live on the mainnet, there are now nearly 4,300 nodes with active channels and about 38,000 total channels. The steeper node growth over the past three months could potentially be linked to the release of the Casa Lightning node, which made running a node significantly easier for a regular non-technical user.
It is also worth pointing out that the average number of channels per node has steadily increased over the past year. The capacity of nodes and the overall network has also increased over the past year to the current 1,079 BTC (more than $6 million) locked in nodes and channels.
Ecosystem and infrastructure
Regulations
It is no secret that one of the obstacles to institutional investors’ entry into the crypto space is the need for an appropriate regulatory framework; Hedge funds cannot simply invest their clients’ funds in the same free and simple way as a retail investor.
Regulation is not a crypto killer. Regulation will provide the necessary clarity to investors large and small, as well as to the entities issuing the coins themselves. People can start focusing on how these assets can best be leveraged to diversify portfolios, transfer money overseas, and improve business models, instead of looking over their shoulders for fear of conflicting with the SEC. As regulation increases, more adoption will follow, particularly among those for whom due diligence is critical. Financial institutions will be able to confidently bring these investment options to their clients, pension funds can incorporate cryptocurrencies into their long-term holdings – the applications are endless.
This article covers bitcoin regulations and the current legal frameworks surrounding it, around the world.
Famous supporters
Jack Dorsey is the CEO of Twitter and has shown his support for Bitcoin (BTC) and the Lightning Network.
Steve Wozniak is known for co-founding Apple, one of the largest companies in the world. Wozniak said Bitcoin will become the world currency.
There is another Bitcoin bull on the market, Peter Thiel. The venture capitalist has already bet on Bitcoin and the possibility of it becoming a safe haven similar to gold. During a conversation with CNBC, he said it would be long Bitcoin and neutral of everything else.
Tim Draper, a recognized venture capital investor, has been involved in the cryptocurrency market for a long time. He invested in Bitcoin when it traded below $1,000 and also made very bullish predictions for the future of this digital asset.
Ashton Kutcher has been an outspoken supporter of Bitcoin and invested in a sports betting blockchain, UnikoinGold, along with billionaire Mark Cuban.
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Joe Rogan said he was fascinated by the idea, but he didn’t give bitcoin all his attention, but he thinks it could really shake up the global economy.
conclusion
The current sentiment in the Bitcoin community is positive, and technical improvements along with the overall growth of the ecosystem are predicting a bright future in the future. Technical indicators are signaling an imminent bull run and with more people understanding the unique features and advantages of bitcoin over the traditional system. While past performance is not a great indicator for future price, the fundamentals behind Bitcoin could see it rise in the near future to $200,000 USD crossing its highest price of all time.