Bitcoin Price Prediction 2024, 2025, 2030

Bitcoin had an extremely strong 2023 and this strength continued to grow in 2024 with Bitcoin ETF approval. With an upcoming Bitcoin Halving, some analysts believe Bitcoin and the crypto markets could be looking at much greener futures.

The change in price momentum at the end of the year has left many traders wondering what comes next for the world’s largest cryptocurrency.

In our Bitcoin price prediction, we’ll take a closer look at BTC’s prospects from 2024 to 2030. Read on to find out where the price of Bitcoin could be headed next.

Bitcoin Price Prediction 2024-2030

  • The current price of BTC is $51,128.31, up from $23,946.01 (113%) in February 2023.
  • The Bitcoin Fear and Greed index is at 75, signaling Greed, up from 56 (Neutral) 1 month ago.
  • BTC has only dipped below $40,000 once since climbing above it in early December 2023, and it broke through $50,000 in mid-February—the first time in over 2 years.
  • Based on our analysis, Bitcoin’s price could fall to a low of $32,000 or reach a high of $85,000 by the end of 2024.
  • By the end of 2025, we expect BTC to have hit new all-time highs (ATHs) around $102,000 and be dropping close to $50,000 by the end of the year—which will become positive support for the crypto’s price.

Year Minimum Price Average Price Maximum Price
2024 $32,000 $60,000 $85,000
2025 $50,000 $65,000 $102,000
2026 $45,000 $67,500 $90,000
2030 $95,000 $127,500 $160,000

Bitcoin Price History

Bitcoin was the first cryptocurrency, created by pseudonymous creator Satoshi Nakamoto in 2009. At the time, it was also the first use of blockchain technology.

Bitcoin was largely worthless during the first several years of its existence, but started to gain traction from 2013 to 2015. In 2017, the first Bitcoin boom saw the price of BTC rise to more than $15,000. Subsequent booms in 2019 and 2021 saw BTC hit new record highs.

In 2021, Bitcoin hit its all-time high of $68,789.63. However, it fell as low as $15,760 in December 2022 in the midst of the so-called “crypto winter”, that had been impacted by numerous macroeconomic factors such as rising inflation, the Russia-Ukraine War and energy crisis, the collapse of Terra and FTX.

BTC price chart

Starting in January 2023, BTC staged a turnaround. The coin gained 83% by April 10, when it hit a high of $31,035. This price also represented a break above a key resistance level around $30,000.

Between April and the end of July, Bitcoin traded at around $30k, almost touching $32k with positive sentiment amid a wave of spot Bitcoin ETFs being applied for from the likes of BlackRock and Fidelity.

Bitcoin suffered a sharp drop in mid-August, losing over 10% of its value in a week and bottoming out at $25k. Another drop then followed in mid-September—although the $25k resistance line was not broken.

October saw BTC trade between $26k and $29.5k, and flirt with $30k on one occasion thanks to a false report of an approved Bitcoin ETF. November then saw strong trading action, with  Bitcoin breaking $37k before meeting heavy resistance at $38k, on the back of more positive news relating to Bitcoin and Ethereum spot ETFs.

At the beginning of December, Bitcoin was buoyed above $40,000 by more speculation around the approval of Bitcoin ETFs and thought that the Fed could cut interest rates in 2024.

Bitcoin regained the $45k level in January 2024 in anticipation of Bitcoin ETF approval, with the SEC expected to approve multiple Bitcoin ETFs at the same time. Despite the SEC’s official X account being hacked a day before approval, all 11 Bitcoin ETF applications were approved on January 10th.

Bitcoin’s immediate price action was muted and the world’s top cryptocurrency actually declined, dipping below $40,000 less than 2 weeks after Bitcoin ETF approval. However, BTC has gained 26.3% in the past month, and sits above $50,000 having met strong resistance at $52k in mid-February.

Here are some of the key events in Bitcoin’s price action:

  • Bitcoin hit an all-time high of $68,789.63 in 2021, then fell to a low of $15,760 in 2022.
  • BTC started 2023 with an 83% gain to reach a high of $31,035.
  • In October 2023, BTC traded between $26k and $29k before breaking above $30k toward the end of the month.
  • The price of Bitcoin performed strongly in Q4 of 2023, gaining over 51% to finish the year above $42k—a result of positive speculation around Bitcoin ETF approcal
  • In January 2024, Bitcoin ETFs were approved and, despite an initial drop over two weeks to below $40k, Bitcoin has since recovered strongly, gaining almost 10% since ETF approval day and climbing above $50k in February.

Bitcoin Price Prediction 2024

Bitcoin started the new year with a bang, trading above $45,000 in January for the first time in two years, before being driven above $50,000 in February due to continued demand for Bitcoin ETFs.

Bitcoin spot ETFs are estimated to be one of the two major catalysts driving the price of Bitcoin and the whole crypto space in 2024, with Glassnode projecting around $70 billion of new capital will enter the crypto market via the new Bitcoin ETFs.

The macroeconomic picture is also expected to improve in 2024, with the US Federal Reserve is widely expected to cut interest rates. This would be a positive sign, and encourage investment flows into more volatile assets, like BTC and cryptocurrencies.

At the same time, cryptocurrency legislation is actively being discussed by regulators in the US and other economies around the world. Implementation of regulations would provide regulatory clarity for crypto investments in the US, and would reduce uncertainty for investors, potentially bringing more of them into the market.

Bitcoin Halving Countdown

There is also an altogether bigger shadow looming over Bitcoin’s future in 2024, and that is the 2024 Bitcoin Halving event—with some analysts believing we could see BTC break six figures this year.

The combination of the positive reception of Bitcoin ETFs in early 2024, expected FED interest rate cuts later in the year, and the approaching Halving create a hugely positive outlook for BTC in 2024. This leads us to predict a best-case scenario that would see the Bitcoin price break $85,000 in 2024, although there is also some analyst sentiment that BTC is due for a major correction before this happens.

In a worst-case scenario for Bitcoin investors, BTC could test its support at $32,000.

Based on these scenarios, here is our Bitcoin price prediction for 2024:

2024 Price Prediction
Low $32,000
Average $60,000
High $85,000

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

What is a Bitcoin Halving?

New Bitcoin is created with each new block, and it is given to the miner as a reward for creating that block. This reward currently stands at 6.25 Bitcoin. So, every 10 minutes a block is created and the miner who created it receives 6.25 newly minted Bitcoin.

Every 210,000 blocks, approximately every four years, this reward amount is halved. This event is called the Bitcoin Halving. This time around, the reward for creating a Bitcoin block will be cut from 6.25 to 3.125.

This is predicted to take place around April 20th. We say predicted because the exact time is determined by the block number, and blocks are produced approximately every 10 minutes—so it is difficult to predict the exact time of the Halving until we are very close, but we can predict the day quite closely.

Why Have a Bitcoin Halving?

Bitcoin has a finite supply. There can only ever be a maximum of 21 million Bitcoins, and there are currently ~19.63m in circulation. The value of a Bitcoin, as with other assets, is determined by supply and demand.

Controlling the releases of the yet-to-be-mined coins helps to balance the supply and demand, as the demand increases over time. Three elements can be said to be at play with the Bitcoin Halving mechanism:

  • Avoids high levels of inflation by steadily reducing the quantity of new Bitcoins released over time.
  • Makes Bitcoin more scarce as time continues, because eventually, all the Bitcoin in existence will be in existence. This preserves its long-term value and further protects against inflation, a problem seen with fiat currencies throughout the world.
  • Maintains a supply of rewards, i.e., incentives, for miners to continue operating over a much longer period. Until around 2140.

Bitcoin Halving events will continue to happen approximately every four years until the last of Bitcoin’s maximum supply of 21 million has been mined. It’s estimated that all available BTC will be mined by 2140.

With Bitcoin Halving events comes the expectation of the beginning of a long-awaited crypto bull market. As you can see from the chart below, each Bitcoin Halving event in the past has been followed by considerable upward momentum in the price of Bitcoin:

Chart showing effect of BTC halving.

Before the first Halving in 2012, Bitcoin saw a 50% increase in price. In the 18 months after the second Halving, in 2016, Bitcoin saw a 3,000% increase in price, almost touching $20k for the first time. After the third Halving, and despite a global pandemic, in May 2020, Bitcoin rallied to a peak of $64,898 within a year and hit its ATH $68,789 within 7 months of that.

While the current price of Bitcoin, $51,128.31 is well below this ATH, these previous movements give us a window into what might happen with the Bitcoin price in 2024.

However, unlike before, when Bitcoin Halving events have had a large price impact in the months afterward, we expect that some of these gains are already priced into the market as investors are wary of the big Bitcoin price swings that have previously happened as a result of these events.

That all being said, we do expect Bitcoin to hit an ATH as a result of both the Halving event and the macroeconomic factors mentioned previously, if they occur as expected.

We predict that Bitcoin will hit a new ATH of $85,000 in 2024. This all means that the low for Bitcoin in 2024 is expected to be early in the year, potentially in the first half, and we predict Bitcoin’s 2024 low will be $32,000. As for an average price, we expect Bitcoin to consolidate around previous ATHs during the year, and predict that Bitcoin’s average price for 2024 will be $60,000.

Advertisements

Bitcoin Price Forecast 2025

The effects of the Bitcoin Halving event will continue well into 2025, and, if everything aligns, Bitcoin has the potential to break that elusive $100k barrier. But what is “everything else”?

“Everything else” includes the macroeconomic factors alluded to at the beginning of our 2024 prediction. If the global economy is fairing well and inflation remains low, then interest rates could come down further. Greater regulation of crypto altcoins could also lead more investors to be confident investing in crypto for the first time, and many of these investors are likely to want to hold some Bitcoin.

Furthermore, greater regulation of the crypto market could see institutional funds, e.g., retirement funds, add Bitcoin to their portfolios. This could potentially unlock trillions of dollars in retirement funds that are currently not permitted to invest in Bitcoin. Currently, Fidelity is the only major US 401(k) plan provider to offer direct Bitcoin investment.

Bitcoin Weekly Chart with Price Prediction

There is, however, the influence of the Bitcoin Halving event, which typically results in new all-time highs 12–18 months after the event itself—a hugely positive boost to what already looks to be a positive 2025 for Bitcoin.

Combining all these factors we predict that Bitcoin will find lows of $50,000 in 2025, along with highs of $1o2,000, as it manages to break the hugely psychological milestone of $100k before retracing below it. We also expect Bitcoin to have an average price of $65,000 throughout 2025.

What Could Happen to BTC in 2026?

If the Bitcoin Halving highs come in 2025, we could see the prices bottom out in early to mid-2026. However, as all the major catalysts of the next two years are bound to bring more liquidity in Bitcoin, it is likely that the bottom will be higher than what we’ve seen in the previous years.

With That said, we expect Bitcoin to trade no lower than $45,000 in 2026 with a maximum price of $90,000. That means the average Bitcoin price in 2026 is likely to hover around $67,500 based on our estimates.

Experts at CoinPedia are more optimistic for the year and see Bitcoin trading between $82,522 and $155,284, while Arthur Hayes, the founder of BitMEX, believes Bitcoin will hit $700,000 in 2026.

2030 Bitcoin Price Prediction

Looking ahead to 2030, our Bitcoin price forecast becomes less certain. There is a lot that can happen in six years, particularly in an industry as fast-moving as crypto. Eight years ago, Bitcoin was priced around $420.

That said, we expect Bitcoin’s value to continue to grow. It could benefit from the introduction of Central Bank Digital Currencies (CBDCs), which should encourage a broader transition to payments using digital assets.

By 2030, Bitcoin will have gone through another Halving event, in 2028, and this will affect price predictions for 2030, as well as the availability of Bitcoins—especially as we expect them to increase in popularity by this time.

As stated, it is difficult to predict what will happen with Bitcoin due to newness of cryptocurrencies and the ever evolving landscape. That being said, our 2030 Bitcoin price prediction expects the price to have steadied somewhat, with a low of $95,000, a high of $160,000, and an average price of $127,000.

Potential Highs & Lows of Bitcoin Price

A lot of Bitcoin’s future value depends on factors outside the control of the crypto industry. For example, Bitcoin is more heavily impacted by interest rates and inflation than by the regulatory processes that loom over the rest of the crypto market.

As a result, it’s difficult to know what will happen especially as we look further into the future. We predict these highs and lows for Bitcoin in the years ahead:

Year Minimum Price Average Price Maximum Price
2024 $32,000 $60,000 $85,000
2025 $50,000 $65,000 $102,000
2026 $45,000 $67,500 $90,000
2030 $95,000 $127,500 $160,000

What Do Other Analysts Predict for Bitcoin?

Bitcoin is a major global asset, and some of the smartest analysts in the world spend their days thinking about where this cryptocurrency could go next. Here are several diverse predictions from crypto analysts and institutional investment firms.

CoinCodex: $427,000 by 2025

Cryptocurrency data firm CoinCodex developed Bitcoin Rainbow Chart which predicts Bitcoin price to reach up to $427,000 by the end of 2025. The analysis is based on Bitcoin’s past volatility and cyclical nature of Bitcoin Halving events, which introduce extra supply-side pressure on Bitcoin every four years.

ARKInvest: $1 million by 2030

According to ARKInvest analyst Yassine Elmandjra, Bitcoin could reach a price of $1 million by 2030. This analysis is based on the idea that Bitcoin is still an immature market that will realize many new use cases over the next several years.

Mike McGlone, Bloomberg Intelligence: $100,000 by 2030

Mike McGlone, senior commodity analyst at Bloomberg Intelligence, told crypto brokerage Capital.com that Bitcoin could reach $100,000 by 2030. McGlone sees rising demand combining with BTC scarcity to send the price of Bitcoin higher.

CoinShares: Head of Research Predicts $141,000 BTC in 2025 if EFT Approved

The Head of Research of CoinShares—a European alternative assets manager specializing in digital assets—predicts a price of $141,000 for Bitcoin in 2025 if a Bitcoin ETF is approved in the USA.

Cezary Graf: $2,700 upon collapse of Tether or Binance

Crypto analyst Cezary Graf sees significant risks ahead for Bitcoin. He predicted that if either Tether, the largest stablecoin, or Binance, the largest crypto exchange, were to collapse, then Bitcoin could fall as low as $2,700.

Charles Edwards, Capriole Investments: $100,000 in 2024

Charles Edwards, a crypto analyst and founder of Capriole Investments, predicts that Bitcoin could reach $100,000 in the next 12 months. His prediction is based on what he calls a “bump and run” pattern on the Bitcoin price chart, which is a bullish pattern that only requires Bitcoin to remain above $22,000.

What Is Bitcoin & What’s It Used For?

Bitcoin is the world’s first cryptocurrency and the largest by market cap. It uses a proof-of-work algorithm to validate transactions in a global peer-to-peer network. Bitcoin is one of only a few cryptocurrencies that regulators in the US and around the world consider to be fully decentralized.

Bitcoin is primarily used for payments. It can be used to send money from one individual to another or to pay for goods and services online and at the point of sales in a growing number of brick-and-mortar stores. A growing number of businesses around the world now accept Bitcoin for payment. It’s also used to send money across borders without traditional foreign transaction or currency conversion fees.

Transactions are validated and new Bitcoin is created through a process known as mining. Bitcoin mining is a lucrative industry around the world and there are many publicly traded Bitcoin mining companies.

Bitcoin has also recently been used to create NFTs through a project known as Bitcoin Ordinals.

Bitcoin Overview

Cryptocurrency Bitcoin
Ticker Symbol BTC
Rank 1
Price $51,128.31
Price Change 24H -1.90%
Market Cap $1 Trillion
Circulating Supply 19,633,806 BTC
Trading Volume $31,070,763,840
All Time High $68,789.63
All Time Low $0.00

What Influences the Price of Bitcoin?

Bitcoin is influenced by a wide variety of factors both within the crypto market and in the global economy.

Firstly, within the crypto market, Bitcoin is a sort of reserve currency. When the crypto market is doing well, money typically flows out of Bitcoin and into more speculative investments. When the crypto market is performing poorly, crypto investors often retreat to Bitcoin.

So, the price of Bitcoin can rise even in a crypto bear market, at least to the extent that investors do not exit crypto entirely.

Bitcoin is also influenced by macroeconomic factors like inflation and interest rates. In general, high inflation is seen as positive for Bitcoin because it is considered an inflation-proof asset. However, high interest rates are bad for Bitcoin because they encourage investment in safer,  yield-generating assets like treasuries and bonds.

The regulatory environment around the crypto market can also influence Bitcoin’s price. Bitcoin is generally unaffected by new regulations targeting altcoins. However, new regulations or fear of regulations can push investors into Bitcoin as opposed to other digital assets.

Finally, the price of Bitcoin seems to be greatly influenced by supply and demand and the hype—or FOMO—generated by the Bitcoin Halving events.

To summarize, Bitcoin’s price can vary widely based on numerous factors including interest in investing in crypto, adoption of BTC as a payment method or for other use cases, and changes to the overall supply of coins.

Is Bitcoin a Buy?

Should I buy Bitcoin or wait for another price drop? Our Bitcoin price prediction sees BTC hit $85k by the end of 2024 if the rally, which saw Bitcoin break out of a bearish price pattern at the start of October 2023 at $27k, can be sustained.

We predict that Bitcoin will jump to an average price of $60,000 in 2024, thanks to the Halving event, and settle more in 2025 with an average of $65,000. In 2026, we see Bitcoin trading as high as $90,000 by the end of the year.

By 2030, we predict that Bitcoin could reach a high of $160,000. Other crypto analysts suggest even higher price targets ranging from $427,000 to $1 million per Bitcoin.

Keep in mind that all Bitcoin forecasts are predictions. There is no guarantee that Bitcoin will go up over any timeframe and it is difficult to predict what global economic events could impact the price of BTC in the future.

Best Place to Buy Bitcoin

The overall best place to buy Bitcoin is with Binance – the biggest cryptocurrency exchange in terms of trading volume.

As of 2024, more than 160 million people use the Binance crypto exchange. Creating a new account takes only a few minutes – after investors enter their personal information and verify their identity.

Binance home

With as little as $50 (in the USA), investors can start buying and selling Bitcoin. Apart from Bitcoin, Binance allows you to trade over 400 digital assets.

To earn passive income, investors can also stake Bitcoin and generate high APYs (Annual Percentage Yields). The fees on crypto trading start from just 0.1% on Binance – which is one of the lowest in the cryptocurrency space.

On Binance, one can make a deposit using several payment methods such as:

  • Credit/Debit cards
  • Wire transfers
  • ACH Transfers
  • VISA
  • Mastercard

However, a 4.5% additional fee is levied when using credit cards. Binance offers 24/7 customer service and implements two-factor authentication to secure investors funds.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Are There Better Alternatives to BTC?

BTC is consider by many as store of value, and it’s the crypto household name. But if you’re looking for potentially higher returns, consider Bitcoin Minetrix, which is currently in a token presale stage.

Bitcoin Minetrix – Popular Crypto Presale with BTC Stake-To-Mine Features

Bitcoin Minetrix aims to simplify and democratize Bitcoin cloud mining via its ERC-20 token $BTCMTX.

The presale has already raised over $11 million and the $BTCMTX token price keeps increasing as time goes by, making it prudent for those looking to invest in this project to get in early.

Bitcoin Minetrix presale page

This crypto project offers a new way to mine Bitcoin online by using cloud mining instead of expensive hardware. By staking $BTCMTX you earn mining credits, which you can use to mine Bitcoin on the Bitcoin Minetrix platform.

Whenever you want to exit the project, you can unstake your $BTCMTX tokens after meeting the minimum staking period and sell them on exchanges.

How Bitcoin Minetrix works

There are total of 4 billion tokens, 42.5% of which are dedicated for mining and 7.5% for staking. Early supporters can benefit from a $30,000 minedrop on the platform.

The goal is to raise $33 million for platform development, marketing, and staking rewards.

Join the Bitcoin Minetrix Telegram channel or follow it on X (previously Twitter) for project updates.

Conclusion

We predict a bullish long-term future for Bitcoin, especially with the upcoming Bitcoin Halving in early-2024—which has historically been a major catalyst for crypto bull runs. The approval, of spot Bitcoin EFTs, and the expected approval of Ethereum ETFs in May, have also provide a major catalyst for the crypto market in 2024, with Bitcoin up almost 10% since Bitcoin ETF approval and the whole market up by over 15%.

Looking for cryptocurrencies with more potential than Bitcoin? Check out our guide to the best cryptocurrencies to buy today or consider Bitcoin Minetrix presale with a 60% staking APY in the presale stages and more than $11 million raised so far.

FAQs

What will Bitcoin be worth in 2025?

How much will one Bitcoin be worth in 2030?

Is it still a good time to buy Bitcoin?

What was Bitcoin’s highest price?

Will Bitcoin boom in 2024?

References

  1. This ‘crypto winter’ is unlike any downturn in the history of digital currencies. Here’s why (CNBC)
  2. BlackRock files for bitcoin ETF in push into crypto (Reuters)
  3. SEC Has Not Approved Bitcoin ETFs, but Its Hacked X Account Briefly Said Otherwise (CoinDesk)
  4. Statement on the Approval of Spot Bitcoin Exchange-Traded Products – SEC.gov
  5. Stock Market News, Oct. 16, 2023: Indexes Finish Higher, Led by Nasdaq; Schwab, Pfizer Shares Rise (The Wall Street Journal)
  6. Factbox-How close are crypto markets to first spot bitcoin, ether ETFs? (MSN)
  7. SEC meets with Grayscale, BlackRock about potential bitcoin ETFs (CNBC)
  8. Here’s what it would take for the Fed to start slashing interest rates in 2024 (CNBC)
  9. SEC tells spot bitcoin ETF hopefuls to make final changes by year-end (Reuters)
  10. https://finance.yahoo.com/news/bitcoin-rallies-past-45-000-052235308.html (Yahoo Finance)
  11. https://insights.glassnode.com/finance-bridge-spot-btc-etf-impact/ (Glassnode)
  12. https://www.youtube.com/watch?v=-de-ZIA5ouo (Arthur Hayes interview, YouTube)
  13. Crypto Fear & Greed Index (Alternative.me)
  14. Risk Disclaimer (Binance)
  15. Fed policymakers see one more rate hike this year, cuts in 2024 (Reuters)
  16. Draft legislation outlines regulatory clarity for crypto (Axios)
  17. What Happens When All 21 Million Bitcoin are Mined? (NASDAQ)
  18. Fidelity is offering 401(k) investors access to bitcoin, the first retirement plan provider to do so (CNBC)
  19. Central banks around the world want to get into digital currencies—here’s why (CNBC)
  20. Bitcoin Rainbow Chart (CoinCodex)
  21. Yassine Elmandjra’s tweet (X.com)
  22. Bitcoin price prediction 2030-2050: What might happen to BTC in the long term? (Capital.com)
  23. Bitcoin Price Will Reach $141,000 With an Approved BlackRock ETF (Binance)
  24. Cezary Graf’s tweet (X.com)
  25. Charles Edwards’s tweet (X.com)

Michael Graw

Michael Graw is an experienced writer in the business and B2B tech fields. His articles can be found on Business Insider, Entrepreneur, Tom’s Guide, and TechRadar, and cover everything from corporate finance to crypto and international tech regulation. A prolific copywriter and entrepreneur, Michael has worked with a wide range of SaaS and tech companies and has his finger firmly on the pulse of B2B tech and finance.