Bitcoin price prediction 2022 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.
By:  &  Prash Raval
Updated: May 5, 2022

Bitcoin price predictions

Most Bitcoin forecasts are positive about the future and expect the price to exceed $100,000 within the next few months. This table picks out the most optimistic predictions for each year that we believe carry some weight, to give you an idea of what the experts think.

YearExpertPrice prediction
2022Matt Hyland$250,000
2023Plan B, ‘S2FX’ model$288,000
2024Cathie Wood$500,000
2025Plan B, ‘S2F’ model$1,000,000
2030Fidelity$1,000,000 – $10,000,000

Expert forecasts on the future of Bitcoin

A rough average of all the expert predictions suggests the price might hit $500,000 within the next decade. This is based on an aggregate of forecasts 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:

  • $100,000 by the end of the year

It’s still got plenty of room to get the old high […] And guess what? If it just follows Ethereum, it goes to $100,000

Mike McGlone, Bloomberg Intelligence
  • $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
  • $500,000 in five years

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

Cathie Wood, ARK
  • $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
  • $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

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Bitcoin price prediction 2022

What will Bitcoin be worth in 2022? The price in 2022 could be around $130,000. By analysing the percentage of each year’s open to close price move, we can get an average that can be applied to 2022. Although it should be noted that once we move beyond the realms of the immediate future, there is more uncertainty in any future prediction.

Bitcoin price prediction 2023

What will Bitcoin be worth in 2023? Expert predictions and models predict that the price could be around $250,000 by 2023. This is certainly the view of the venture capitalist Tim Draper, who made the call all the way back in 2018.

Bitcoin price prediction 2024

What will Bitcoin be worth in 2024? One price model predicts the price to hit $288,000 by 2024. This is another 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.

Bitcoin price prediction 2025

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. As discussed above, the investment manager Cathie Wood thinks Bitcoin will hit $500,000 within the next five years, while models see a breakout into the hundreds of thousands around 2024 or 2025.

Bitcoin price prediction 2030

What will Bitcoin be worth in 2030? Between $500,000 and $1,000,000 is a popular prediction 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.

What affects the price of Bitcoin?

Bitcoin’s 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 price levels. Below are some of the main factors that affect Bitcoin.

  • 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.
  • 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 are Tesla accepting Bitcoin payments and the rise of Bitcoin ETFs in 2021.
  • Price cycles. The Bitcoin price has historically moved in cycles. It 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.
  • Psychological support and resistance. Often the 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 next big point of resistance is $100,000.

Bitcoin price history

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. Since then, its been trading between $30,000 and $65,000. The chart below shows how its price has changed over time.

Source: Tradingview

Key levels to watch

The most important level in the short term is $100,000. Recent 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, 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 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?

Bitcoin is the most reliable cryptocurrency and the most likely to succeed in the long run. It has been adopted by many institutions, 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’ 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 trend is extremely bullish, even if investing in it might mean a rollercoaster ride.

Key takeaways

The broad expert view is that the price will hit the key psychological barrier of $100,000 in 2022. The long term predictions 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 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.

Recent Bitcoin news

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Sources & references
Risk disclaimer

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James Knight
Editor of Education
James is a lead content editor for Invezz. He's an avid trader and golfer, who spends an inordinate amount of time watching Leicester City and the… read more.
Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.