HOW MUCH WILL BITCOIN BE WORTH IN 2021 AND BEYOND
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On the hunt for Bitcoin prediction 2021? You’re in the right place. We’ll be sharing the top Bitcoin price predictions for 2021 and beyond. we’re taking a look at Bitcoin BTC to find out what the experts have to say about its future performance and how much will Bitcoin be worth in 2021 and beyond.
Bitcoin (BTC), the so-called king of cryptocurrency, needs no introduction. Back in October 2020, we shared some of the top Bitcoin price predictions for 2021–2025 — but after the asset skyrocketed in December, existing predictions quickly became outdated. In this article, we’ll be guiding you through the latest forecasts to answer the question ‘will the price of Bitcoin go up?’
Whether you’re an existing or prospective investor, you’ve probably been watching Bitcoin’s recent performance obsessively. With a current market capitalization of $997,484,564,109 and a price of $54,620.45, Bitcoin has far outstripped its previous all-time high (ATH) of $40,000, which it achieved in February 2021. Its bullish run began in early November, rising from $13,824 to $15,463 in the space of just one week. Since then, its price hasn’t slowed down. In fact, it was averaging a daily growth rate of almost $1,500 a day before the end of 2020.
Ever since Bitcoin came to our computers in 2009, the world of cryptocurrency has been famously hard to predict. Some people believed that crypto would never take off, while others thought that it would replace fiat money within a matter of years. Neither of those outcomes has happened yet — but we have seen the price of Bitcoin skyrocket and crash numerous times in the last decade.
Because Bitcoin is notoriously volatile, predicting its price with any accuracy can be tricky. However, the good news is there are many crypto experts who are well-placed to make informed (and potentially accurate) predictions about its price in the years to come.
In this article, we’ll be taking a look at some of the top Bitcoin price predictions for 2021, 2022, and beyond. Whether you’re an experienced investor looking to beat the markets or a casual trader who wants to keep up with the latest cryptocurrency trends, read on to find out more about the Bitcoin price prediction today.
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So, is this level of growth sustainable? You’re in the right place to find out. We’ve compiled some of the most compelling Bitcoin price predictions for 2021–2025, helping you identify the potential prospects of the world’s first cryptocurrency.
Short-Term Bitcoin Price Prediction: 2021
What are crypto experts forecasting for Bitcoin BTC in 2021?
Looking ahead to 2021, many Bitcoin experts have made optimistic predictions for the year ahead.
After the volatility of 2020, many investors are hoping that Bitcoin’s latest bullish run will continue over the coming year. However, the cryptocurrency market is notoriously volatile — and considering Bitcoin’s price has risen and fallen dramatically in the past, there’s no guarantee that its sky-high rates will last.
Our first short-term Bitcoin price prediction comes from DigitalCoinPrice. If you’re hoping that Bitcoin’s impressive performance will continue throughout the new year, it’s encouraging news from this crypto platform. Let’s take a look at its predictions:
The labels on the vertical axis of DigitalCoinPrice’s graph should tell you everything you need to know — the platform doesn’t expect the price of Bitcoin to fall below $70,000 at any point in 2021. In fact, it believes that Bitcoin’s bullish run is far from over. By the end of 2021, DigitalCoinPrice expects the digital asset to be worth a staggering $87,723.88.
If these bitcoin price predictions are correct, it means we’ll need to experience an unprecedented level of growth in the next few weeks. You might think this level of optimism is extreme, but given the fact that investor interest is at a record high, it’s not completely impossible. Looking ahead towards the rest of the year, DigitalCoinPrice believes that Bitcoin will peak at a yearly high of $103,563.76 in May, before dropping back down to $73,970.84 in June.
In any other year, a crash of more than $30,000 would probably be an investor’s worst nightmare. But this graph is far from discouraging. Even DigitalCoinPrice’s lowest predictions are staggeringly high when compared to the current price of Bitcoin, so as long as you don’t buy the asset when its price is at the top of its arc, its short-term prospects are good.
For our second Bitcoin price prediction, we’re turning to WalletInvestor. According to WalletInvestor’s technical analysis, Bitcoin is unlikely to reach the values of $100,000+ that were predicted by DigitalCoinPrice. However, its outlook is still incredibly positive for anyone wondering ‘will Bitcoin keep going up?’
According to WalletInvestor predicts the price of Bitcoin will hit a new all time high of $73,120.60 before the end of December 2021. The forecasts are overwhelmingly bullish, with nothing to suggest that the Bitcoin’s performance over the last few weeks has been a fluke.
Both of these predictions are optimistic — but they’re almost conservative when compared to the forecasts from Citibank. Back in November 2020, a leaked report from Citibank contained the staggering prediction that the price of Bitcoin could hit $318,000 by December 2021.
A senior Citibank analyst, Tom Fitzpatrick, referred to Bitcoin as ‘21st century gold’, an echo of the asset’s status as ‘digital gold’. He identified the fact that Bitcoin price has enjoyed three bullish runs over the last decade and suggested this pattern could sustain a long-term trend.
Characterized by ‘unthinkable rallies followed by painful corrections’, the price history of Bitcoin could indicate that another peak is on the horizon. As the price continues to climb, Fitzpatrick’s claims have gained significant legitimacy since he first made his prediction. Although $318,000 might seem a staggering amount at the moment, the rapid rate of escalation could suggest it’s not as extreme as it first seems.
So what’s next for Bitcoin now that it’s recovered from such a tumultuous year? John McAfee may have made the wild prediction that the price of Bitcoin would hit a staggering $1 million before the end of 2021, but the majority of predictions have been a little more modest.
The cryptocurrency YouTube channel ‘The Moon’, which is run by Carl Eric Martin, took to Twitter to share a graph that follows Bitcoin’s bullish run in 2017 — again, an after-effect of the 2016 halving. As we can see in the graph below, this shows that if Bitcoin follows the same price movements in the wake of the May 2020 halving, its price would max out at $318,438 by October 2021.
According to Cryptopolitan, one factor which could impact the price is the Bitcoin halving which occurred back in May.
Bitcoin halving is an event that occurs in order to control the circulation of Bitcoin tokens and make the cryptocurrency more scalable. As the maximum supply of Bitcoin is capped at 21 million, the halving (also sometimes known as ‘the halvening’) is set to occur after 210,000 blocks, which equates to roughly once every four years.
This process cuts the reward for mining new blocks in half, with the idea that this will slow the speed at which new Bitcoin tokens are generated.
After the last halving in 2016, the price of Bitcoin saw an incredible 93% increase throughout the rest of the year. If the cryptocurrency followed a similar pattern this time around, we could feasibly see the price of Bitcoin rise to above $75,000 before 2021 comes to an end.
Considering we’ve already seen a steep increase throughout January alone, only time will tell how accurate this projection is.
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How Much Will be The Price of Bitcoin in 2021?
Will Bitcoin Go up in 2021?
Citi analysts predict the price of Bitcoin at the level of $300,000 at the very end of 2021.
According to the Stock-to-Flow (S2F), a Bitcoin price prediction system, BTC/USD will reach $100,000 by December 2021.
Analyst Mike McGlone from Bloomberg sets a goal of $70K in 2021 and $180K for one BTC in 2022.
Also, Citigroup told its institutional clients that it sees the potential for the price of Bitcoin to rise as high as $318,000 by the end of 2021.
JPMorgan, the bank that once called Bitcoin a scam, now expects the price of Bitcoin to reach $146,000 in 2021.
Carl Eric Martin, who owns the Youtube ‘The Moon’ thinks the price of bitcoin to max out at $318,438 by October 2021.
Former Adaptive Capital partner Willy Woo expected the price of Bitcoin to hit $200,000 for year-end 2021.
According to WalletInvestor, the price of Bitcoin could hit a new all time high of $93,120.60 before the end of December 2021.
DigitalCoinPrice Platform expects the price of Bitcoin to to be worth $87,723 by the end of 2021.
Ryan Selkis expected the price of bitcoin to hit all time high of $318,000 per coin by the end of 2021.
Elon Musk-led Tesla announced in their SEC filing that they had purchased $1.5 billion worth of Bitcoin. As soon as the news came out, the BTC price immediately reacted and reached a new all-time high of $48,000.
BNY Mellon Bank supports cryptocurrency, BNY Mellon bank said: “growing client demand for digital assets” as well as “improving regulatory clarity.” It marked a “tremendous opportunity for us to extend our current service offerings to this emerging field,”
Mastercard Mellon signalled its support for the cryptocurrency. Raj Dhamodharan, the head of digital assets, said: We are seeing this fact play out on the Mastercard network, with people using cards to buy crypto assets, especially during bitcoin’s recent surge in value. We are also seeing users increasingly take advantage of crypto cards to access these assets and convert them to traditional currencies for spending.”
With such wildly different predictions, it can be hard to know what the most likely outcome is (which is precisely why cryptocurrency investing is such a risky endeavour!). We can sum up these disparate 2021 Bitcoin predictions by saying that the potential price increase is currently thought to be much more dramatic than the potential price decrease, but this doesn’t mean that the decrease is less likely to happen.
Bitcoin predictions for 2021 are incredibly varied. If you favour a long-term investing strategy, let’s take a look at the Bitcoin price predictions for 2022–2025.
Long-Term Bitcoin Price Prediction: 2022–2025
What are crypto experts forecasting for Bitcoin BTC in 2022 and beyond?
Many traders and investors are keen to know what the next 5 years could have in store for the price of Bitcoin. If you’re looking for a Bitcoin price prediction 2025, or even wondering ‘should I invest in Bitcoin?’, keep reading — we’ve compiled some of the key theories from crypto experts and trading platforms.
To see what the analysts say, let’s look ahead to 2022–2025 to see whether the asset’s bullish run is likely to last into the future.
The first long-term Bitcoin price prediction comes from the Italian cryptocurrency platform Previsioni Bitcoin. Using its in-house algorithm, Previsioni Bitcoin has arrived at the following prediction, represented in this graph:
In 2022, Previsioni Bitcoin expects the price of Bitcoin to reach a top price of $226,020.1208. Although this isn’t equal to the heights that Tom Fitzpatrick has predicted in the leaked Citibank report, it’s still a very encouraging value.
The platform expects the Bitcoin asset price to hit $100,000 in January 2022 before skyrocketing to $200,583.77 by April 2022 — an incredible growth rate of more than 100% in less than four months! According to this forecast, November 2022 will see the price fall back down to $146,077, though it will reclimb to $182,414 before the end of 2022.
So, how does this prediction compare to others on the market? According to Prime XBT, Previsioni Bitcoin’s expectations seem to be on track.
Prime XBT’s technical analysis places the price of Bitcoin at over $400,000 by the end of 2025.
If this turns out to be true, this will mean that the crypto has become the world’s first to achieve gold equivalence. This means the market cap of Bitcoin will be equal to the market capitalization of gold.
In fact, the platform thinks the Bitcoin price will be $110,00 in 2021, rising to $217,403 by the end of 2022, $290,000 by the end of 2023, $345,000 by the end of 2024, and an impressive $462,000 by the end of 2025.
This outlook might seem remarkably optimistic, but PrimeXBT isn’t the only analyst to foresee such a rise. In an interview on the YouTube channel ‘Altcoin Buzz’, Mark Yusko, the CEO of Morgan Creek Capital Management, also said that he thinks it’s ‘perfectly logical’ that Bitcoin price will reach gold equivalence in the long-term.
As a long-term investment, it projects that Bitcoin could perform very well. According to its predictions, the value of Bitcoin could rise to $75,000 by the very end of 2021, rising to $1350,000 in 2022, and achieving a mean price of $320,000 by 2025.
Another long-term Bitcoin price prediction has come from DigitalCoinPrice. Returning to the crypto platform, how do its expectations for 2021 compare to its predictions for 2022–2025?
According to DigitalCoinPrice’s predictions, the price of Bitcoin will peak in 2023 at $130,000. Over the next two years, and will continue to climb, before falling again in the run up to 2026. The platform believes that Bitcoin will hit the following yearly highs.
Digital Coin Price has predicted the following Bitcoin price targets for 2022, 2023, 2024, 2025, and 2026:
2022: $121,871.73
2023: $130,315.66
2024: $190,010.12
2025: $289,109.15
2026: $325,026.87
This outlook is ultimately a mix of good and bad news. For any investors who are worried that Bitcoin’s bullish run will precede a massive and sudden crash that will take it back to its pre-December prices, it’s an encouraging sign.
Although DigitalCoinPrice does believe that Bitcoin will start to decline, it won’t happen overnight — and overall, its 5-year outlook is still roughly twice its current value! However, the downside is that it suggests Bitcoin won’t achieve the global takeover that some analysts believe could be on the cards.
Returning to Trading Beasts, we can see that the site has a rather more cautious approach than many of the other predictors we’ve seen. By the end of the years 2022 and 2023, it predicts the following minimum and maximum Bitcoin price prediction forecast 2022 and 2023:
- December 2022: Minimum Bitcoin price = $21,873.556, Maximum Bitcoin Price = $45,461.111
- December 2023: Minimum Bitcoin price = $33,683.600, Maximum Bitcoin Price = $70,122.941
These numbers are a lot lower than some of the most optimistic predictions for the market. For example, the TV host Max Keiser has claimed that Bitcoin will soon hit $88,000, rising to an incredible $400,000 within the next five years.
With a similarly bullish approach, the Bitcoin advocate and venture capitalist Tim Draper has predicted that the Bitcoin price will reach prices of $250,000 by 2023 — a prediction he first made in 2018 and has stuck to ever since. Draper believes that Bitcoin has a bright future as a serious challenger to traditional fiat currency, and believes we could soon see a return to Bitcoin’s all-time-high (ATH) of $20,000 at the end of 2017.
But even these predictions aren’t the most ambitious. Raoul Pal, CEO of an investment strategy research service called The Global Macro Investor, believes that the economy of the United States has a bleak future — and suggests that savvy investors should hedge with both gold and Bitcoin. He predicts a staggering price increase of 10,710%, with Bitcoin price hitting values of $1 million by 2025!
Overall, then, what should we take away from these Bitcoin price predictions? If you’re still wondering ‘is Bitcoin a good investment?’, you might feel reassured by the fact that many crypto investors believe the token is set for a bright future. The general consensus among experts is that the price of Bitcoin is likely to rise over the next couple of years — and could skyrocket in the longer term.
According to its Bitcoin prediction for 2025, BTC’s market cap has the potential to reach $3 Trillion in 4 years time; this would result in a price per bitcoin of about $140,400.
However, given the Bitcoin price predictions in this article, it’s never too late to invest in Bitcoin and take full advantage of its volatility.
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Other Bitcoin (BTC) Price Predictions for 2023–2025 include:
Bitcoin price predictions 2023:
Trading Beasts: $52,417.873
Cryptoground: $15,795
Pound Forecast: $43145
Bitcoin price predictions 2025:
Cryptonewsz: $100,000
Cryptoground: $25589
Pound Forecast: $118,365
Conclusion: Bitcoin Price Prediction Forecast
The below prediction figures outline some of the Potential high and low of Bitcoin price prediction forecasts in 2021, 2022, 2023, 2024 and 2025 offered by technical analysts and industry experts.
YearHighLow2021$120,000$21,4002022$156,000$45,0002023$225,000$60,0002024$315,000$115,0002025$450,000$85,000
How Has The Price Of Bitcoin Changed Over Time?
For any investor who’s wondering ‘will the price of Bitcoin go up?’, one of the most important factors to consider is past performance. This will make it much easier for you to contextualize the current cryptocurrency trends and, ultimately, attempt to make the most accurate Bitcoin price predictions.
We can see the historic price changes of Bitcoin on this graph, published by the crypto data site Nomics.com:
After launching in 2009, Bitcoin first appeared on cryptocurrency exchanges in 2010. For much of this year, its price hovered between $0.06 and $0.30 — that’s more than 100,000 times lower than its current price! It eventually hit $1 in February 2011. But it wasn’t until 2012 that the price of Bitcoin began to climb more consistently, eventually surpassing $100 in August 2013.
Its first major price jump occurred in November 2013. Over the course of just one month, its price increased from $280 to $979.45, which was a staggering leap considering its hitherto slow progress. Unfortunately, it wasn’t to last, and by 2014, its price had fallen to $350. Its second major price jump would prove to be far more of a breakthrough.
Bitcoin hit its ATH of $20,000 in 2017 after a period of rapid inflation. At the time, this growth was unprecedented; now, we’ve seen it happen twice. Although 2018 saw the price of Bitcoin crash back down to $3,300, it has never returned to its pre-2017 levels (the same cannot be said for many altcoins).
As the historical price charts show, bullish and bearish runs are unlikely to be completely linear. Bitcoin’s current price of $34,620.45 is incredibly impressive, but even that is no longer its ATH (BTC hit a staggering $41,000 at its recent peak). Tom Fitzgerald’s claim that Bitcoin’s progress has been characterized by a cycle of ‘unthinkable rallies followed by painful corrections’ is easy to see — so despite the optimistic predictions included in this article, investors should always be prepared to see the value of BTC plummet. As the saying goes: prepare for the worst, hope for the best!
What Factors Affect The Price Of Bitcoin?
The price of Bitcoin BTC can change according to a variety of different factors. In order to make the most accurate Bitcoin price predictions 2021–2025 and to answer the question ‘is Bitcoin a good investment?’, it’s best to be aware of those factors from the start. This will indeed make it easier to predict periods of growth or decline based on cryptocurrency trends and other events that can affect the price of BTC.
1. Media Coverage
Media coverage is hugely important when it comes to drumming up investor interest in cryptocurrency. Back in 2017–2018, renewed interest in BTC (along with the rest of the crypto market) was largely driven by a media frenzy. The more coverage the skyrocketing prices received, the more people began to invest. This created an imbalance between supply and demand that caused the price of Bitcoin to soar.
At the end of 2020, we saw this again. When the payments network PayPal announced that it would enable people to store BTC in their PayPal wallets, Bitcoin hit the headlines with a vengeance, giving many would-be investors the push they needed to add BTC to their portfolio. The fact that Bitcoin is gaining real-world applications has countered worries that it’s too impractical to rival fiat currency.
2. Market Competition
Another factor that can potentially affect the price of Bitcoin is market competition. When new altcoins enter the market, or other high-ranking cryptocurrencies start to attract high levels of investor interest, it can cause traders to start focusing on alternative forms of crypto. This is particularly true when it comes to Bitcoin Cash (BCH). The Bitcoin hard-fork is a third generation cryptocurrency that many people believe is superior to BTC, as it was designed to solve some of the problems that plague the king of cryptocurrency.
However, the good news is that Bitcoin is far more resilient to market competition than most altcoins. In over 10 years, it’s never lost its status as ‘digital gold’, despite the fact that new cryptos might be technically more robust or scalable. In fact, changes in Bitcoin’s price often foretell similar movements across the industry as a whole. Many analysts have noticed that bullish or bearish BTC runs are closely mirrored by other cryptos, although the opposite doesn’t seem to be true.
3. Supply And Demand
Like any limited commodity, the supply and demand of Bitcoin hugely impact its price. The price of Bitcoin is driven up when the demand for new tokens is greater than the supply — something which usually happens in the aftermath of each Bitcoin halving, causing some investors to think of it as a form of artificial inflation.
This factor will become less volatile once the maximum supply of Bitcoins has been issued. However, current estimates predict that this won’t happen until around the year 2140.
4. Cryptocurrency Regulations
The world of cryptocurrency has been largely unregulated throughout the world, but due to increasing governmental pressure, it’s becoming more closely controlled. This is creating a level of long-term uncertainty, as some investors worry that new regulations will cause the demand for Bitcoin (and other cryptocurrencies) to fall. This could be as a result of future taxation measures or new restrictions.
5. The Bitcoin Halving
Bitcoin halving (also sometimes known as ‘halvening’) is an event that’s designed to control the circulation of Bitcoin tokens and make the cryptocurrency more scalable. Because the maximum supply of Bitcoin is capped at 21 million, the halving is set to occur each time 210,000 new blocks are added to the blockchain, something that roughly equates to once every four years. This process means that the reward for mining new Bitcoin blocks is slashed in half, slowing the pace at which we’ll max out the supply. There are currently 18.5 million BTC in circulation and current estimates suggest we’ll reach 21 million in the year 2140.
In 2016, the first Bitcoin halving saw the price of BTC increase by an incredible 93% throughout the rest of the year. Before the last halving occurred in 2020, investors noted that if the cryptocurrency followed a similar pattern again, we could feasibly see the price of Bitcoin rise to around $15,000 before the end of the year. Sure enough, we did!
