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Bitcoin has been on an absolute tear over the past several months and has doubled in price over the past year. However, many are wondering if the price of Bitcoin will continue to rise in the future or if a retracement is looming. Many are wondering whether Bitcoin will still be around in the decades to come, and, if so, the levels of its potential trading price. Let’s take a look at what some of the top experts and AI algorithms are saying about Bitcoin.
Bitcoin Price Prediction Table
Here is a table of price predictions for Bitcoin (BTC).
| Year | Average Price* | Percent Increase |
| 2024 | $81,358.86 | - |
| 2025 | $119,353.06 | 47% |
| 2026 | $171,724.83 | 44% |
| 2027 | $249,522.05 | 45% |
| 2028 | $369,638.03 | 48% |
| 2029 | $531,882.81 | 44% |
| 2030 | $772,916.70 | 45% |
| 2040 | $3,683,703.59 | 377% |
| 2050 | $4,505,069.45 | 22% |
Will Bitcoin Go Up?
Bitcoin’s price is a measure of the supply and demand in the market. However, the supply of Bitcoin is always exactly known. The creator, Satoshi Nakamoto, designed a schedule for new token creation. Each block rewards validators with a set amount of new Bitcoin. Additionally, this number is continually halved every several years and is set to maximize in 2140. To date, around 93% of the total Bitcoin supply is in circulation. So, supply is unlikely to drive Bitcoin prices higher.
Demand is the main driver of Bitcoin’s price. For Bitcoin to keep going up, there has to be continued demand for the token, which is made manifest through buy orders. Some of the major factors that could contribute to demand are institutional/governmental adoption, more use cases for consumers, excess cash reserves for companies/individuals or high inflation. A main factor to watch is institutional adoption, with companies such as MicroStrategy accumulating Bitcoin and the launch of spot ETFs.
Will Bitcoin Go Past All-Time Highs?
Continued demand is the most important factor for Bitcoin to continue to rise. If institutions keep buying Bitcoin, ETFs keep seeing inflows and overall market sentiment remains positive, it is likely that Bitcoin could reach new all-time highs (ATHs).
However, a token’s ATH can serve as a psychological barrier for traders. When a token reaches new ATHs, many can see it as a take-profit level and sell their positions. This action can cause the price to fall when tokens reach new highs.
It's important to consider the many factors that are driving markets at the time when Bitcoin potentially reaches new highs, as certain forces could outweigh others.
Bitcoin Price and Market Position
Bitcoin is on an uptrend, nearing the $69,000 level with a market capitalization of over $1.3 trillion. This is more than twice the market cap that Bitcoin had around this time last year. A $1.3 trillion market cap is larger than all but six companies in the world. However, many believe that Bitcoin still has room to grow.
Bitcoin’s main competitor is Ethereum, which trades for around $3,200 and has a market cap of over $399 billion. While it is a fraction of the size of Bitcoin, it is much faster and supports a lot more decentralized finance (DeFi) applications.
Cathie Wood’s Bullish Long-Term Price Prediction for Bitcoin
Cathie Wood is the CEO of Ark Invest, one of the largest technology-focused asset management companies in the world. She believes that Bitcoin is just getting started and that the price could reach a level as high as $1.5 million by 2030. She sees continued halvings, more long-term holders, increased hash rates and more Bitcoin users in general as the main drivers of her prediction.
Warren Buffett’s Bearish Long-Term Price Prediction for Bitcoin
Warren Buffett is arguably the most famous investor of all time, primarily focusing on buying companies that produce strong value. Buffett has been quoted as saying that Bitcoin is “probably rat poison squared” and that he will never hold cryptocurrency. Buffett does not see Bitcoin as providing investors any value and is simply worth something because others are willing to buy it from you.
2024 Bitcoin Price Prediction
Based on Bitcoin's past price history, analysts predict that the minimum price of BTC at the end of 2024 could be around $78,299.17, with an average expected price of around $81,358.86 and a maximum trading price of $93,190.68.
2025 Bitcoin Price Prediction
Changelly is bullish on Bitcoin for 2025, predicting an average price of over $130,000 and a maximum price of nearly $150,000, which is more than double current prices. CoinPedia and CoinCodex are also bullish, seeing 2025 Bitcoin price to hit a potential high of $140,449 and $159,173, respectively.
2030 Bitcoin Price Prediction
Since 2030 is so far away, the predictions become much more variable and should be taken with a grain of salt. Changelly sees a maximum price of nearly $1 million in 2030, and CryptoNews predicts that the price of token could trade for around $150,000. If Changelly is correct, it would mean that Bitcoin appreciates around 50% per year on average.
2050 Bitcoin Price Prediction
Finally, 2050 has the most variance out of all the predictions. Binance predicts that the token could soar beyond $10 million per token, while Changelly sees a maximum price of just over $4.6 million.
Where to Buy Bitcoin (BTC)
Since Bitcoin is so popular, it is available on virtually every crypto trading platform. However, Coinbase, eToro, Kraken and Robinhood are the best options to get started with Bitcoin. You can learn more about each and sign up for an account below.
Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards. ³Crypto rewards is an optional Coinbase offer. Upon purchase of USDC, you will be automatically opted in to rewards. If you’d like to opt out or learn more about rewards, you can click here. The rewards rate is subject to change and can vary by region. Customers will be able to see the latest applicable rates directly within their accounts.
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How Long Will It Take for Bitcoin to Reach ATHs?
Bitcoin has traded in cycles for the past decade or so, with each cycle bringing higher highs and higher lows. The token has reached its ATH of $73,750.07 in Mar. 14, 2024. Additionally, the previous few cycles have seen Bitcoin surpass ATHs by a relatively small margin and then retrace before reaching setting new ATHs within the next year. So, based on this information, Bitcoin could reach the $80,000 level before falling and then setting new ATHs of more than $100,000 in 2025.
Where to Store Bitcoin (BTC) Safely
Though centralized exchanges offer security measures to maintain the safety of your assets, you may be looking for an even more secure way to store your funds. Wallets are a great way to add an extra level of security to your assets.
Best Hardware Wallet: Ledger Nano S Plus
Ledger is a hardware wallet that supports BTC. A hardware wallet is a physical object that holds the private key to your crypto. Without the physical key, your crypto is inaccessible. This is arguably the most secure way to hold crypto.
Ledger currently has two models: the Ledger Nano S Plus and the Nano X. The Nano S Plus is a bare-bones wallet meant for beginners to safely store crypto. The Nano X is for more advanced users, with Bluetooth capabilities and more storage.
Best Software Wallet: Coinbase Wallet
Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards. ³Crypto rewards is an optional Coinbase offer. Upon purchase of USDC, you will be automatically opted in to rewards. If you’d like to opt out or learn more about rewards, you can click here. The rewards rate is subject to change and can vary by region. Customers will be able to see the latest applicable rates directly within their accounts.
Different from the crypto brokerage, Coinbase Wallet is a wallet service provided by Coinbase. Funds are held in the wallet instead of by Coinbase themselves. You do not need a Coinbase account to have a Coinbase wallet. The wallet supports most of the major blockchains.
Coinbase Wallet is a great option for those looking for more security but do not want the hassle of a physical device. It is also free, whereas most hardware wallets require purchase.
Current Crypto Prices
Crypto has been pushing higher and higher over the past month. However, some tokens have performed better than others. Take a look at Benzinga’s up-to-date price table to see how your favorite tokens are performing.
Is BTC a Good Investment?
Bitcoin has seen massive growth and adoption in recent years, most notably through the release of new spot Bitcoin ETFs in January 2024. The ETFs, among other factors, brought more attention and inflows to Bitcoin and have caused the price to increase. However, Bitcoin is extremely volatile and could fall in price at any moment. It is important to understand your own investment objectives as well as your personal risk tolerance before investing.
Frequently Asked Questions
How high will Bitcoin go in 2024?
Changelly predicts that Bitcoin could reach a maximum of $93,190.68 in 2024.
How much will Bitcoin be worth in 2025?
In 2025, the average price for Bitcoin could be around $119,353.06.
How much will Bitcoin be worth in 2030?
According to Changelly, in 2030, Bitcoin could be worth anywhere from $746,322.36 to $889,947.00. CoinCodex sees a less bullish Bitcoin price prediction, seeing the coin at a potential high of $ 305,028 in 2030.
Will Bitcoin rise again?
Bitcoin could rise again and continue to rise if institutions and retail traders continue buying.
Is Bitcoin halving in 2024?
Yes, the most recent Bitcoin halving happened on Apr. 19, 2024.
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About Caden Pok
Caden has been involved with crypto since 2018, when he began investing, trading, and mining tokens. He took part in undergraduate research studying cryptoeconomics at the University of Michigan, where he will graduate Phi Beta Kappa with a bachelor’s in economics in 2025. He is experienced with DeFi technology and multiple blockchains, currently investing in Ethereum and Bitcoin.