Bitcoin (BTC) Price Prediction 2024 – 2034

Crypto Writer

Arslan Butt

Crypto Writer

Arslan Butt

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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

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October 3, 2024 03:30 EDT

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Bitcoin BTC +0.75% remains the world’s largest cryptocurrency, used by millions of people globally as a way to make payments or as an investment vehicle. Although Bitcoin has periods of volatility, its first-mover status means it’ll likely stay at the top of the pile for years to come.

As of October 7, 2024 Bitcoin is trading at $63,335.85, and the 24-hour change has been around +0.75%. Bitcoin recently topped its previous all-time high (ATH) of close to $69,000 from November 2021. This high was followed by a decline of over 70% throughout 2022, and Bitcoin bottomed out at the end of that year around $16k.

Bitcoin: Recent Events

Bitcoin grew strongly in 2023 and then, along with the rest of the crypto market, reacted positively to the approval of Bitcoin ETFs in January 2024. This event pushed the Bitcoin price to new ATHs in mid-March, and above $73,000 for the first time in its 15-year history.

Ever since its all-time high in March, $BTC has been descending and posting lower highs, with the exception of two strong upticks in late May and early June that brought its price to $71,000. The sideways movement can be attributed to the overall macroeconomic trends, and less discretionary income people were spending on risk-on assets.

However, as the Federal Reserve enacted its first interest rate cut since the early days of the COVID-19 pandemic on Sep 18, the largest cryptocurrency by market cap pushed back above the $60k mark and hit as high as $62,350. Numerous analysts predicted Bitcoin’s price increase and bull run will start as rate cuts start affecting the public.

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Geopolitical Risks ‘Unlikely’ to Derail Bitcoin as Analyst Doubles Down on ‘Uptober’

Arrington Capital-Backed RedStone Launches Bitcoin Staking Oracles

Metaplanet Expands Bitcoin Portfolio to Over 630 BTC with Latest Purchase

Bitcoin Price Prediction For The Next 30 Days

Bitcoin Price Prediction 2024

Looking at Bitcoin’s price chart, the world’s top cryptocurrency has climbed 55% this year to set new ATHs above $73,000. This came as a result of the inflow of institutional money on the back of Bitcoin ETF approval in January. Moving to the halving event on April 19, 2024, the block reward for Bitcoin miners was reduced by half, from 6.25 BTC per mined block to 3.125 BTC per mined block. Despite the significance of this event, it occurred with little fanfare, and Bitcoin’s price remained relatively stable at around $64,000 at that time.

However, BTC’s price has since declined and posted lower lows of $61,6k, $55.8k, and $53.9k. The price slowly dwindled down as a result of several factors, including the German government’s BTC selloff, rumors of Mt. Gox returning funds to investors, and the overall state of the Western world economy. However, with Bitcoin bulls holding the $53.9k support level firmly and sentiment shifting to positive post-FOMC meeting rate cuts, the largest cryptocurrency by market cap is currently testing its resistance levels of $64,000 and above.

Bitcoin’s future looks promising as the world continues to recover from the economic crisis brought on by the global pandemic. The ongoing adoption of Bitcoin and the ETF approval are expected to drive further interest and investment in the cryptocurrency.

The regulatory framework for cryptos around the globe is also expected to continue improving this year, and we could also see more countries declare some form of cryptocurrency as legal tender in 2024—with Bitcoin and/or stablecoins the most likely candidates.

Provided that nothing untoward happens, our prediction for Bitcoin’s price in 2024 is a staggering $90,000. Our potential low prediction for Bitcoin in 2024 is $42,000. Other predictions, like one from investment bank Standard Chartered, predict that BTC can break six figures by the end of 2024.

Bitcoin Price Prediction 2025

From our current vantage point, 2025 looks to be a good year for Bitcoin, our Bitcoin forecast, and the Bitcoin price.

Institutional adoption of cryptocurrencies started to gather pace in 2024, and the potential for Ethereum ETF approval in 2024 will only rouse further investor interest in cryptocurrencies as the existence of such investment vehicles is seen by many as indicative of a positive regulatory future for cryptocurrencies.

Bitcoin will always remain one of the best long-term crypto projects due to its appeal amongst retail investors and those with limited market knowledge. Whenever newcomers wish to get involved with crypto they naturally gravitate towards BTC, as it is viewed as the ‘safest’ option due to its existing popularity and its prominence in their limited knowledge. Again, this is another factor that will play a role in sustaining demand.

In addition, our Bitcoin price prediction remains optimistic due to how well-placed the coin is to weather any storm. Not only is Bitcoin becoming more popular amongst investors, but it is also becoming more popular amongst politicians, as they realize that Bitcoin and crypto are growing in popularity with their constituents—a trend we expect to see continue into 2025 and beyond. There are also more than 34,000 Bitcoin ATMs worldwide, highlighting that the coin isn’t going away anytime soon.

There is one final factor affecting a Bitcoin price forecast for 2025, the Halving event of 2024. Based on data from Bitcoin’s last 4 Halvings, Bitcoin experiences explosive growth 12–18 months after the Halving event occurs, which means that this is set to happen in the middle of 2025—meaning that a bull run akin to 2017 or 2021 is potentially on the cards. At the moment, the halving had little to no effect on BTC’s price gains, as broader macroeconomic factors and institutional selloffs outweighed its impact. With that being said, there’s still time for Bitcoin investors to feel the effects of the halving.

All of these elements combine to add support to the idea that, although Bitcoin’s exponential price increases may be a thing of the past, the coin still has great investment potential. Given the historical boom-bust cycle that has been present during Bitcoin’s lifetime, it could be expected that BTC and the rest of the crypto space could mimic the bull run of 2021 in 2025.

As such, our Bitcoin price prediction 2025 estimates the coin’s price could hit a high of $101,000 in 2025, peaking at about the $100,000 mark before retreating below it. We also predict a yearly low of $55,000.

Moreover, our Bitcoin price prediction 2030 forecasts that the price could exceed this level – thereby leading to another new all-time high. Other analysts have also weighed in on the future price of Bitcoin, with Bernstein analyst Gautam Chhugani stating that the firm believes Bitcoin could hit $150,000 by 2025.

Bitcoin Price Prediction 2026

While 2025 is predicted to bring new highs to the Bitcoin price as a result of the Halving, 2026 is expected to be less fruitful for investors. As Bitcoin continues to follow its four-year cycles 2026 is expected to be when the Bitcoin price experiences a downturn in the aftermath of the 2025 Bitcoin Halving induced highs.

That being said, institutional access to and investment in Bitcoin and the cryptocurrency market is expected to continue growing in 2026, as crypto regulations take shape and increase both investor confidence and investor access to digital assets. A a result, the drop in price between 2025 and 2026 is not expected to be as drastic as Bitcoin’s previous post-Halving declines.

This is why our Bitcoin price prediction for 2026 has a high of $85,000, a low of $40,000, and an average of $60,000, as investors capitalize on the perceived discounted price of Bitcoin under $60,000.

Bitcoin Price Prediction 2030

Now, let’s delve into the future of Bitcoin’s price over the long term. Bitcoin is currently the only coin to be receiving support from both the crypto and traditional finance sectors, which sets it apart from other cryptocurrencies and bodes well for its long-term prospects. Today it is widely seen as ‘digital gold’ by members of both the crypto and traditional finance sectors, and we can expect this narrative to persist into the long term and help to support sustained, higher prices for Bitcoin.

We also expect the availability, accessibility, and, most importantly, the use of crypto to continue to grow. We don’t expect Bitcoin’s position as the flag bearer for the crypto movement to falter, and this position will likely only be strengthened as the adoption of cryptocurrencies grows. Everything is boding well for the future price of Bitcoin to remain strong.

One final thing affecting the Bitcoin price in 2030 might be the Bitcoin Halving event of 2028. If, as said before, we follow historical trends, then Bitcoin is likely to peak in 2029 with new all-time highs induced by the Halving of 2028, and 2030 is when we’ll be coming down from these highs. While the Bitcoin price might not be as high as it would be in 2029, our Bitcoin predictions include Bitcoin sustaining much higher prices than many might expect as the now mainstream adoption of cryptocurrencies and Bitcoin help to cushion the drop in price.

As a result, our 2030 prediction for the price of Bitcoin is that prices will be sustained around $150,000, with a high of $165,000 and a low of $130,000, as Bitcoins price shows stability. The CEO of Ark Invest, Cathie Woods, stated on the Coin Stories podcast that her company forecasts Bitcoin trading hands for as much as $1.48 million by 2030.

Bitcoin Price Potential Highs & Lows

Bitcoin will likely remain one of the market’s top trending cryptos for years to come, providing a solid platform for sustained growth in the Bitcoin price. With that in mind, the table below presents an overview of our Cryptonews predictions and price forecasts for the coming years, ensuring investors know which levels could act as support or resistance.

What Other Analysts Predict for Bitcoin’s Price

As it might’ve been noticed, we are not alone in making Bitcoin price predictions. With that said, here we’ve rounded up some Bitcoin future predictions from other website and analysts.

Changelly

On the Changelly blog, Daria Morgen predicts that Bitcoin will surpass $100,000 in 2025 and be worth over half a million dollar in 2030, with a high of $820,623, and a low of $693,732 in 2030.

CryptoCon

In a Twitter post, CryptoCon, the creator of the Halving Cycles Theory, predicts that Bitcoin could top out as high as $180,000 in late 2025.

George Tung

George Tung of TheStreetCrypto predicts that Bitcoin will top out at “around $200,000” in 2025.

Jurrien Timmer

The Fidelity Investments group’s Director of Global Macro, Jurrien Timmer, predicts that Bitcoin will see a large seven figure range, between $1–$10 million, in 2030.

CoinCodex

The CoinCodex website uses algorithms to predict that if Bitcoin continues to grow at the average 22% per annum it has so far then it could hit $140,070 by 2030 and $1.26 million per coin by 2040.

The Effects of the 2024 Bitcoin Halving

Bitcoin Halving events occur approximately every four years, cutting the reward received for mining Bitcoin in half. The halving policy was written into Bitcoin’s mining algorithm to fight inflation and maintain scarcity, automatically executing at a predetermined time, without requiring the input of a third party.

The most recent Bitcoin Halving event occurred on April 19, 2024, at block 840,000, reducing the mining reward from 6.25 BTC to 3.125 BTC per block. This event marks the fourth halving in Bitcoin’s history, following previous halvings in 2012, 2016, and 2020.

The 2024 Bitcoin Halving impacts the cryptocurrency market by increasing scarcity, which can drive up demand and prices. Following the halving, Bitcoin’s price stayed stable around $64,000. Historically, Bitcoin halvings have led to price increases in the months afterward, and while immediate reactions were mixed, the long-term outlook remains positive.

In the mining industry, reduced rewards could lead to consolidation, with smaller operations possibly exiting and larger ones gaining market share. The economic conditions around this halving differ, as Bitcoin had already hit an all-time high of $73,000 before declining. Future effects on Bitcoin’s price and the broader market will depend on demand and overall conditions. Looking ahead, the next Bitcoin Halving event is expected around mid-2028, continuing the established pattern of reducing block rewards every four years.

How Did SEC Bitcoin ETF Approval Affect the Bitcoin Price?

The approval of bitcoin ETFs by the SEC was met with huge excitement by the crypto-sphere. Exchange-traded funds or ETFs are a straightforward way to invest in assets without having to acquire those assets directly. Since ETFs are easily tradable on stock exchanges, the SEC’s approval of bitcoin ETFs was anticipated to bring Bitcoin—and subsequently other cryptocurrencies—further into the financial mainstream and increase the price of the underlying asset, i.e., Bitcoin.

In the months running up to the Bitcoin ETF approval deadline, which was pushed back multiple times, investor speculation drove prices from ~$26k to bring Bitcoin within touching distance of $48k just days before the approval deadline.

After Bitcoin spot ETFs were approved—and after a hack to the SECs Twitter falsely tweeted that Bitcoin ETFs were approved just the day before—the price of Bitcoin actually declined, dipping below $40,000 for a few days. However, after this dip, Bitcoin began moving upward, gaining 43.74% in February before breaking its 3-year ATH in early March. It quickly moved onward, surpassing $70,000 for the first time on March 8th. However, with the broader economic factors dictating the investment game, there’s been less interest in risk-on investments, which can be confirmed by reduced BTC ETF inflows. At the time of writing, Bitcoin’s price had gained over 63% since ETF approval.

Bitcoin Price History

The first BTC transaction occurred in January 2009, and in the years that followed, Bitcoin became increasingly popular amongst internet users who wished to remain anonymous. This anonymity was made possible through Bitcoin’s innovative use of blockchain technology, which allowed network users to send and receive BTC without providing personal information.

The Bitcoin crypto price had its first bull run in late 2013, a year after the 2012 Bitcoin Halving event, and saw the Bitcoin price increase by almost 10,000% in just a few months. The next upward surge didn’t occur until mid-2017, a year after the 2016 Halving event, when the price of Bitcoin rocketed by 1,694% in under 11 months. By December 2017, Bitcoin was trading around the $20,000 level.

After a few more years of peaks and troughs, Bitcoin entered the limelight, as the coin’s price went on a huge bull run between March 2020 and April 2021, hitting highs of $59,890.02. After a temporary fall, BTC’s price recovered and surged to an all-time high of $68,789 in November 2021.

However, the Bitcoin stock price couldn’t sustain these remarkable highs and immediately plummeted, entering a sustained bear phase that saw the coin lose 50% of its value. After a brief hiatus, the second leg of this bear phase commenced, causing BTC’s price to drop to the $18,000 region. This continued until the start of 2023, which is when the leading crypto started spiking in value once again.

The first half of 2023 was excellent for BTC, with the price almost doubling since the start of the year, reaching $31,000 at the end of June. This was due to a slew of institutional interest, including major asset managers applying for spot Bitcoin exchange-traded funds (ETFs). Bitcoin closed 2023 above $42,000.

Numerous Bitcoin ETF applications were submitted to the United States Securities and Exchange Commission (SEC) in 2023, and the SEC approved all 11 of the Bitcoin ETF application it had received in January 2024, which, along with the recent Bitcoin Halving, were deemed as a potentially explosive combination for the Bitcoin price.

The start of 2024 has been explosive for BTC, with the cryptocurrency gaining over 65% in the first two months of the year and recording multiple new all-time highs in March. It first broke above its previous highs from November 2021 on March 5th, before then topping $70,000 for the first time on March 8th—spending just 1 minute above that valuation.

A quick consolation between $68,000 and $69,000 and Bitcoin drove up the charts again, sustaining a price above $70,000 for multiple days and hitting a new ATH of $73,750.07 on March 14th. Bitcoin has since dipped below $70,000 and started its consolidation period, posting lower lows but not crashing drastically.

It retested several support levels, seemingly finding support at $61,6k, $55.8k, and $53.9k twice, from where it is now testing its resistance levels post-sentiment shift towards the bullish side.

Below is a summary of the key points of Bitcoin’s price history:

• Bitcoin (BTC) was conceptualized in late 2008 and officially ‘launched’ in early 2009
• BTC’s first bull run occurred in 2013 when the coin’s price rose by 10,000%
• BTC’s second major bull run was in 2017, when the coin’s value rose by 1,694% in just under 11 months
• Bitcoin showed sustained bullish momentum in 2020 and 2021, reaching an all-time high of $68,789 on November 10, 2021
• After reaching this ATH, the BTC price declined, hitting a low of $15,479 on November 21st, 2022, just over a year after its ATH and a loss of 77.5%
• The first half of 2023 was excellent for BTC as the price nearly doubled from January to July, reaching a local high just shy of $32k amid a flurry of spot Bitcoin ETF applications from major asset managers. Bitcoin ended 2023 valued at just over $42k.
• ETF approvals were granted by the SEC in January 2024.
• Bitcoin topped $70,000 for the first time ever on March 8th, 2024, and hit multiple new ATH in the days after, finishing with its new ATH of $73,750.07 on March 14th.
• Since then, BTC has been consolidating and posting lower lows of $61,6k, $55.8k, and $53.9k twice.
• After much-awaited FED rate cuts, the largest cryptocurrency by market cap posted a leg up, testing the $64,000 resistance level.

Where Is the Best Place To Buy Bitcoin?

Best Wallet is a one-stop shop non-custodial wallet, and quite possibly one of the best places to purchase Bitcoin. The Best Wallet ecosystem includes a place to buy and sell your crypto, a portfolio management tool, a native decentralized exchange (DEX), a staking aggregator, a crypto debit card, and more.

You can buy and hold your Bitcoin on the wallet without anyone accessing your keys (unlike on centralized exchanges), but also swap your BTC for altcoins and potentially access the world of decentralized finance through the wallet.

Best Wallet is a great option for buying Bitcoin because of a combination of three things:

1. Being able to buy and sell your crypto at competitive rates
2. Never relinquish the keys to your crypto
3. Gaining access to the Best Wallet ecosystem from the get-go

Signup is quick and easy, taking less than 5 minutes to create a new wallet. The Best Wallet interface is also very easy to use, making the purchase process smooth for market newcomers. Plus, if you ever want to sell or swap your Bitcoin, there is plenty of choice with Best Wallet.

Is Bitcoin the Best Crypto To Invest in Today?

Before rounding off our Bitcoin prediction, it’s important to discuss whether BTC is the best crypto to buy right now, given the ongoing macroeconomic situation.

Bitcoin remains one of the ‘safest’ investments in crypto. However, with BTC currently priced around $66, an increase in price to $100k—which would take considerable volume and would mean that crypto was in a full bull run—would equate to a 51.5% profit, or a $51.50 return on every $100 invested.

Yet, despite the ongoing bear market, many projects have provided significantly higher ROI because they offer a high-risk, high-reward opportunity.

Examples include Pepe Unchained, Meme Bet, Crypto All-Stars, and Dogwifhat, which all offered returns of thousands of percent in days or weeks rather than just hundreds of percent.

Bitcoin Prediction FAQs

What will Bitcoin be worth in 2024?

Our Bitcoin price prediction for 2024 estimates that the coin could see highs of $90,000 by the end of the year, with potential lows of $42,000.

What will BTC be worth in 2025?

Our research and analysis has Bitcoin trading in a range between $55,000 and $101,000 in 2025.

What will Bitcoin be worth in 2030?

Making Bitcoin future predictions that far ahead is challenging; however, we estimate that BTC could reach highs of $160,000 in 2030. This is based on increasing institutional adoption and much greater accessibility and usage of Bitcoin, for and by the average global citizen in 2030.

What was the starting price of Bitcoin?

According to various reports, Bitcoin’s starting price was $0.09 back in July 2010. Prices remained around this level throughout 2010 before surging to $1 in February 2011.

What was Bitcoin’s highest price?

Bitcoin’s highest price was $73,750.07, which occurred on March 14th, 2024. However, Bitcoin is currently in price discovery mode and this figure is expected to continue changing.

Is Bitcoin a good investment?

Bitcoin has proved to be a good investment in the past for investors with a high-risk tolerance level. Despite its current high valuation, it could still be a good investment for those who believe the coin has the potential to rise even higher in 2024 and beyond.

References

• Why Bitcoin Hit its All-Time High (Time)
• How close are crypto markets to first spot bitcoin, ether ETFs? (Reuters)
• US SEC approves bitcoin ETFs in watershed for crypto market (Reuters)
• CMC Bitcoin Halving 2024 (CoinMarketCap)
• Why Bitcoin Could Fall 33% After its Long-Awaited Halving Event in April, JPMorgan Says (BusinessInsider)
• SEC Account Hack Renews Spotlight on X’s Security Concerns (Reuters)
• Spot Bitcoin ETFs Attract $10B in AUM in Less Than a Month (Nasdaq)
• Bitcoin could hit $150,000 by 2025, predicts Bernstein (CNBC)
• Cathie Wood on Investing, Spot Bitcoin ETFs, $1 Million Bitcoin and What Drives Her (YouTube)
• Bitcoin Halving Is Coming and Only the Most Efficient Miners Will Survive (CoinDesk)