With stocks closing lower on the last day of the week, BTC stopped this weekend. However, the two-week trend has been positive and is likely to continue. However, trading volumes remained thin, meaning prices are likely to remain in a narrow band over the next couple of weeks.
Predicting Bitcoin’s future prices is a challenging exercise. Since cryptocurrencies are still in an evolutionary phase, price volatility tends to be quite high.
Is Bitcoin a good investment?
Bitcoin Use Cases
There are 2 main use cases for Bitcoin at the moment. This is different from the use cases for Blockchain which is much more widespread.
- Store of Value: In Layman’s language, Bitcoin is like gold hidden within a computer network instead of a mine in Africa. The creators deliberately created a limited number of them and created a whole series of difficult tasks to achieve them. Just like in real gold mining, Bitcoin mining becomes difficult if several people mine at the same time or because the number of BTC keeps shrinking. That said, it cannot be used as an ornament, one of the great factors driving the value of gold. To solve this problem, the creators designed it in the form of a currency authenticated via a blockchain.
- Payments: In recent years, BTC has been increasingly used as an alternative to the US dollar or other national currencies. It is now accepted for a fee by many companies around the world. While BTC enjoys the absence of central control and therefore any form of voluntary devaluation, it suffers from increased volatility.
Bitcoin: historical performance
Bitcoin has been generating positive returns for most of the last 10 years.
- Bitcoin has generated positive returns in 9 out of 11 years
- 2018 was the most difficult year that also coincides with the year in which the Federal Reserve reduced the size of its balance sheet. During that year, Bitcoin closed 74% less than the previous year. Bitcoin took 3 years to recover.
- Unlike Alts or even Ethereum, Bitcoin has been there for quite a long time and with a proven performance record.
Earnings years: 2011,2012,2013,2015,2016,2017,2019,2020,2021
Years of loss: 2014,2018,2022
Bitcoin vs Ethereum, Quarterly Performance Comparison
- Q1: BTC (-3.1%), ETH (-8.2%)
- Q2: BTC (-58.5%), ETH (-54.4%)
- Q3: BTC (-2.8%), ETH +25.8%
- Q4: BTC (-15.9%), ETH (-21.6%)
- YTD: BTC (-63.5%), ETH -66.2%
In the long run, Bitcoin has worked more consistently than Ethereum. However, over the past 3 years, Ethereum has outperformed Bitcoin.
Some people compare Bitcoin to Tulip Mania, while others link it to the Dot Com Bust. However, both Tulip Mania and the Dot Com bubble lasted about three years. Bitcoin has been repeatedly tested in this contemporary era of computers and boom and bust cycles over the past 12-15 years. So, the comparison is fake and Bitcoin will rebound.
Bitcoin Technical Analysis
Performance on the last trading day
- Price opened: $17,813.64
- Closing Price: $17,364.86
- Trading Volume: $20,964,448,341
- Total Market Cap: $334,010,450,284
The price of Bitcoin is once again in retreat. The RSI chart shows that sellers are now in control and are expected to pullback below $17,500. In contrast, BTC is moving above the 50- and 200-day moving averages. This is a good sign for both short-term and long-term investors. BTC should rise once again after a small pullback.
For the next few days, BTC is expected to trade in the range of $17,000 and $18,092.
The general recommendation is a suspension.
Bitcoin Future for 2023, 2025-2030
There is a high degree of uncertainty about the future price of Bitcoin. The Ukrainian crisis and the breakdown of global liquidity have hurt Bitcoin over the past 12 months. In addition, a series of scandals this year starting with Luna and continuing with FTX has further damaged the global cryptocurrency market. In this context, accurate forecasts are very important for making the right decisions.
However, here’s a big picture of how things unfold.
- 2023-2024: BTC Bottom plus a little recovery
- 2025-2027: Full BTC Recovery Plus Some Gains in the Wake of Wider Blockchain Use
- 2028-2031: cyclical slowdown plus, widespread use of blockchain, a further increase in the price of Bitcoin
This does not take into account the company-specific wars or crises that may occur but whose timing is difficult to predict.
So here are Bitcoin’s future predictions.
Bitcoin Price Prediction 2023 is $35,738. This is 2.2 times the current price
Bitcoin Price Prediction 2025
The supply of mined Bitcoins will decrease by half in 2025, in just 2 and a half years. With reduced supply, volatility is likely to decrease. Bitcoin’s momentum is likely to be maintained in 2025 as economies recover. However, regulations are also likely to increase. the The 2025 BTC price prediction is $68,143. This is 4.1 times higher than the price of Bitcoin today.
Bitcoin Price Prediction 2030
However, we expect a substantial increase between 2025 and 2030, when many middle-income countries are likely to invest substantial pools in the Bitcoin economy. The Bitcoin forecast in 2030 is $315,278. This is 19.2 times higher than today.
Bitcoin Price Prediction 2040 using the method of 15% and 25% ROI
- If the price of BTC increases by 15% per year – $ 237,138
- If the price of BTC increases by 25% per year – $1,063,705
Bitcoin Price Prediction this week
Bitcoin is expected to remain bullish this week. Bitcoin’s price forecast this week is above $17,000. Bitcoin is expected to trade between $17,078 and $18,476 for this week.
Bitcoin Prediction: How Many BTC Holders Are in Profit?
Holders in profit: 48%
Loss-making holders: 49%
Bitcoin Use Cases
There are 2 main use cases for Bitcoin at the moment. This is different from the use cases for Blockchain which is much more widespread.
- Store of Value: In Layman’s language, Bitcoin is like gold hidden within a computer network instead of a mine in Africa. The creators deliberately created a limited number of them and created a whole series of difficult tasks to achieve them. Just like in real gold mining, Bitcoin mining becomes difficult if several people mine at the same time or because the number of BTC keeps shrinking. That said, it cannot be used as an ornament, one of the great factors driving the value of gold. To solve this problem, the creators designed it in the form of a currency authenticated via a blockchain.
- Payments: In recent years, BTC has been increasingly used as an alternative to the US dollar or other national currencies. It is now accepted for a fee by many companies around the world. While BTC enjoys the absence of central control and therefore any form of voluntary devaluation, it suffers from increased volatility.
What is Bitcoin?
Bitcoin is a cryptocurrency designed to serve the purpose of fiat currency, but eliminating centralized control known as banks. Bitcoin was introduced to the public in 2009 by an anonymous developer, Satoshi Nakamoto.
- Bitcoin was initially released as a peer-to-peer payment method and has no central authority.
- It uses the proof-of-work concept to reward its members. The lifespan of Bitcoin (BTC) has been the longest of any cryptocurrency.
- The Bitcoin ledger is public and anyone can store it on their computer. Anyone can create a Bitcoin token and it can be transferred to any of the wallets, however, the owners of bitcoin addresses cannot be identified, but any Bitcoin transaction made is accessible by anyone, anywhere.
- No approval is required for completion of a Bitcoin transaction. It is made by the network itself without the interference of any third-party system.
- It is a limited resource of 21 million coins of which 19.1 million are on offer.
- Since its creation, Bitcoin has maintained the top spot in terms of market capitalization.
Bitcoin
Prediction: how to invest in Bitcoin?
Getting Bitcoin has been made easier by the day. There are multiple exchanges that offer Bitcoin and other cryptocurrencies.
The first step to investing in Bitcoin is to choose an exchange. There are more trades on the market.