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: James Knight
James Knight
When he isn’t at work, James is an avid trader and golfer who likes to travel. He once fed,… read more.
Updated: Dec 17, 2021

On this page, we analyse the latest price movements and compare some mainstream expert predictions in order to give you an idea of how Bitcoin’s value might change in the future. Keep reading for the latest forecasts and to dive deep into the different price predictions.

Disclaimer: The information provided on this page is not an endorsement to trade cryptocurrency and should not be taken as financial advice.

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
2021Bloomberg Intelligence$100,000
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

There are fewer experts willing to be on the record as bears, although there are some outspoken opponents. This argument is based on a fear that regulation could crash the price. Michael Burry – best known as the man behind ‘The Big Short’ – has called Bitcoin a bubble, while the author Nicholas Taleb has said Bitcoin could ultimately be worth nothing at all. 

Where can I trade Bitcoin?

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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Bitcoin price prediction: End of 2021

The end of the year could see the price hovering between $90,000 and $100,000. Using the data from times that Bitcoin has broken its all time highs before, we can predict how much more it might increase before the end of the year.

The chart below highlights two previous times when the Bitcoin price broke an all time high. Each break was from a round number to another round number and resulted in moves of about 250%. Following that trend again gives us a prediction of around $100,000 by the end of 2021.

Bitcoin price prediction 2021

Bitcoin price prediction 2022

The price at the end of next year 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.

In the chart below, we can see that the average open to close gain for the past four years is about 100%. By applying that to 2022, we can predict an end-of-year price at around $130,000. 

bitcoin price prediction 2022

Bitcoin price prediction 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

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

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

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.

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

The Bank of Russia is looking to ban the mining, creation, and use of cryptocurrencies. A report unveiled this news earlier today, noting that the central bank believes the proliferation of cryptocurrencies threatens Russia’s financial system and the ruble’s stability. Per the bank, this ban would help minimize these threats…
Singapore-based cryptocurrency ATM companies are shutting down their machines after the Monetary Authority of Singapore (MAS) announced a crackdown on crypto advertising. A report unveiled this news earlier today, noting that among the affected firms is Daenerys & Co., the leading crypto ATM operator in the country. While the company…

Latest Bitcoin price analysis

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Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

James Knight
Lead content editor
When he isn’t at work, James is an avid trader and golfer who likes to travel. He once fed, rode, and ate an ostrich all on… 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.