Bitcoin price prediction 2024 and beyond

Bitcoin is the world’s largest and most popular cryptocurrency. This guide takes you through the Bitcoin price predictions in order to compare forecasts about its future performance.
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Updated: Sep 27, 2023
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Bitcoin price predictions

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Most Bitcoin price forecasts are positive about the future and expect the price to rise above $30,000 over the next few months.

This table picks out the most optimistic BTC price prediction for each year that we believe carry some weight, to give you an idea of what the experts think.

YearExpertBitcoin price prediction
2023Plan B, ‘S2FX’ model$288,000
2024Cathie Wood$500,000
2025Plan B, ‘S2F’ model$1,000,000
2030Fidelity$1,000,000 – $10,000,000
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Expert forecasts on the future of Bitcoin

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An average price prediction for Bitcoin based on expert forecasts from across the crypto market suggests the price might hit $500,000 within the next decade.

This is based on an aggregate of Bitcoin price predictions by some of the most respected names in the crypto space, who have based their opinions on either expert insider knowledge or specific prediction models. You can find a selection of them below:

  • Bitcoin (BTC) price price prediction: $50,000 by the end of the 2024

There will be a managed bull market in 2023, not a bubble — so we won’t see the price overshooting as before”

Carol Alexander, Professor of finance, Sussex University
  • Bitcoin price prediction: $146,000 over the long term

A convergence in volatilities between bitcoin and gold is unlikely to happen quickly and is in our mind a multi-year process. This implies that the above $146k theoretical bitcoin price target should be considered as a long-term target

JP Morgan strategists
  • BTC price prediction: $250,000 in 2024

PayPal launching a stablecoin will skyrocket Bitcoin to at least $250,000 faster than it was supposed to, and Ethereum likely will 10x on a faster timetable”

Charlie Shrem, Bitcoin investor
  • BTC price forecast: $500,000 by 2025

We believe that the price will be ten-fold of where it is today […] over $500,000

Cathie Wood, ARK
  • Bitcoin price prediction: $500,000 by the end of the decade

I think that Bitcoin will eventually rise to become the global reserve currency. I think bitcoin will eventually be much much larger than the gold market cap

Anthony Pompliano, Morgan Creek Digital Assets
  • Bitcoin price prediction: $500,000 in the next decade

The price of bitcoin could appreciate 45x from where it is today, which means we could see a price of $500,000 U.S. dollars per bitcoin

Winklevoss twins

Where can I trade Bitcoin?

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The best place to buy and trade Bitcoin is through an online broker. These are beginner-friendly platforms that act as the intermediary between you and the financial markets.

You can sign up to any of the brokers by clicking on the links below and use the information on this page to influence your trades.

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Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

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Cryptocurrency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.

Bitcoin price prediction 2023

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What will Bitcoin be worth in 2023? Expert predictions and models predict that the price could be around $250,000 by the end of 2023.

This is certainly the view of the venture capitalist Tim Draper, who made the call all the way back in 2018. He recently doubled down on his Bitcoin prediction, and stuck to the forecast of $250,000 in 2024. This would set the total value of the Bitcoin market in excess of $5 trillion.

Bitcoin price prediction 2024

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What will Bitcoin be worth in 2024? One price model predicts the price to hit $288,000 by 2024. This is another Bitcoin price prediction model by the pseudonymous analyst, Plan B, that includes more inputs than his ‘stock to flow’ approach, which has proven successful so far.

2024 sees the end of the current Bitcoin ‘halving’ cycle, so is a popular point at which to make predictions. Many people believe that a Bitcoin ‘halving’ event is good for the Bitcoin price chart, as it reduces the incentives paid to Bitcoin miners and (in theory) leads to more scarcity.

Bitcoin price prediction 2025

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What will Bitcoin be worth in 2025? The predictions generally expect the price to be around $250,000. Although the longer the time frame, the wider the range of forecasts.

The investment manager Cathie Wood thinks the average trading price of Bitcoin will hit $500,000 within the next five years, while some models see a breakout into the hundreds of thousands around 2024 or 2025.

Bitcoin price prediction 2030

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What will Bitcoin be worth in 2030? Between $500,000 and $1,000,000 is a BTC price forecast for 2030 and beyond. Some forecasting models, like the one produced by Fidelity, are even more bullish and predict that it could even hit $1 billion by 2040.

This is obviously a significant increase over the current Bitcoin price, and would require an influx of new crypto investors, made up of plenty of casual retail investors, over the next decade to have any chance of being accurate.

What affects the price of Bitcoin?

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The Bitcoin price is impacted by a combination of fundamental factors and technical ones. The fundamentals are structural issues, while technicals refer to short term factors such as support and resistance levels on the Bitcoin price chart.

Below are some of the main factors that affect Bitcoin price action.

  • Supply. The total supply of Bitcoin is 21 million coins and at the current rate there would be no new coins left to be minted (‘mined’ in crypto parlance) by 2140. That means scarcity plays an important role in the way the price changes, while also ensuring that there is no ‘maximum price’, as there is a fixed cap on supply. Bitcoin can’t be affected by supply inflation.
  • Mainstream acceptance. Companies, institutions, and governments making moves that suggest acceptance (or cracking down against) Bitcoin often affect the price in meaningful ways. A couple of recent examples of institutional investors impacting Bitcoin prices are Tesla announcing that it would accept Bitcoin payments, and the rise of Bitcoin ETFs between 2021 and 2024.
  • BTC price cycles. The Bitcoin price has historically moved in cycles. Bitcoin’s price traditionally consolidates for a period of time before breaking higher and then repeating the process, which gives us a good guideline for how the price might move in the future. Most experts take this into consideration when making a Bitcoin price prediction.
  • Psychological support and resistance. Often BTC price consolidation occurs at significant round numbers, such as $30,000 or $50,000, where there is a large volume of sellers. It’s likely that the Bitcoin price that offers the biggest point of resistance is $100,000.

Bitcoin price history

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Bitcoins price surged to new all time highs following a bull run in 2020 – 2021. Its value increased more than 500% before topping at $65,000 and falling. In 2024, its been trading between $13,000 and $25,000. The chart below shows how its price has changed over time.

Key levels to watch

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The most BTC price level in the short term is $30,000. In recent years, significant levels have been at $40,000, $50,000, and $60,000, as these figures usually act as resistance and it takes a lot of trading volume to break through them, at which point they flip to become support.

During bear runs in the Bitcoin market, when the price is falling, these numbers can again be important psychological barriers. It’s likely that all of the numbers stated above would offer some resistance during a BTC price drop and $30,000 in particular has proven to be a very significant number during previous falls.

Is BTC a good long-term investment?

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Bitcoin is the most reliable cryptocurrency and the most likely to succeed in the long run. It has been adopted by many institutional investors, so they hold Bitcoin like they would gold or any other asset. You can invest in it through ETFs and mutual funds, and it is considered a good hedge against the possibility of inflation in regular, ‘fiat’ currencies like the US Dollar.

A common theme among the most die-hard Bitcoin supporters is to consider the bigger picture. In 2016, Bitcoin was worth about $500. Five years later, in the summer of 2021, it was worth $30,000 even after the price had halved in the spring. The long term price action trend is bullish, even if investing in it might mean a rollercoaster ride.

Key takeaways

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The most positive Bitcoin price forecasts congregate around $250,000 in five years and $500,000 in ten, although it should be said that there are a few ‘bears’ out there who expect the price of Bitcoin to fall substantially.

This makes it particularly important to take the time to do your own research before you invest in Bitcoin. You can find the latest news and analysis below, or click on the link below to sign up for a broker right away.

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Recent Bitcoin news

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The next Bitcoin (BTC) halving is months away—scheduled to take place in April—and is one of the most anticipated events. It happens every four years, with only three recorded so far, and is typically characterized by explosive growth in the price of BTC. While a similar pattern will likely emerge a
Bitcoin exchange-traded funds have driven the crypto market since their January 2024 approval. Bloomberg’s senior analyst Eric Balchunas recently revealed that the nine BTC ETFs saw the highest one-day trading volume of around $2 billion. That amount remains crucial in strengthening the market, and
MasterCard and mobile payments app Swoo Pay are working to innovate crypto loyalty rewards and fill the gaps existing in the international payments sector. Swoo Pay wants to innovate cryptocurrency loyalty rewards through Swoo Tokens for each contactless payment completed via the application using d

Latest Bitcoin price analysis

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The next Bitcoin (BTC) halving is months away—scheduled to take place in April—and is one of the most anticipated events. It happens every four years, with only three recorded so far, and is typically characterized by explosive growth in the price of BTC. While a similar pattern will likely emerge a
Bitcoin exchange-traded funds have driven the crypto market since their January 2024 approval. Bloomberg’s senior analyst Eric Balchunas recently revealed that the nine BTC ETFs saw the highest one-day trading volume of around $2 billion. That amount remains crucial in strengthening the market, and
MasterCard and mobile payments app Swoo Pay are working to innovate crypto loyalty rewards and fill the gaps existing in the international payments sector. Swoo Pay wants to innovate cryptocurrency loyalty rewards through Swoo Tokens for each contactless payment completed via the application using d
What is Bitcoin worth in 2024?
Will Bitcoin reach all time highs this year?
Can Bitcoin reach $100,000?
Can BTC reach $1 million?
What will Bitcoin be worth in 2025?
What price will Bitcoin be in 2030?


Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.
Prash Raval
Financial Writer
Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while... read more.