Bitcoin was created in 2009 based on a white paper published by the mysterious Satoshi Nakamoto. Bitcoin is still the largest cryptocurrency in the world by market capitalization, followed by Ethereum and Ripple. In this article, “Bitcoin”, with a capital “B”, refers to the technology or currency as a whole; ‘bitcoin’ and BTC refer to units of the currency.
The key attributes of Bitcoin are:
- Bitcoin is a decentralized digital currency.
- Transactions are verified on the blockchain.
- A finite amount of BTC is released to the market through mining.
BTC price history
Bitcoin’s price has seen many changes. In 2010, a single bitcoin was worth less than $ 0.25. Over time, Bitcoin went from a dark tech topic to a mainstream phenomenon as companies began to take notice.
In November 2017, The price of bitcoin has jumped to over $ 11,000 and the following month it hit an all-time high of around $ 20,000. This price remained the highest until December 2020, when its price reversed to create a new high of a few dollars more. Now, the price of Bitcoin is currently above $ 40,000 and those who entered Bitcoin early and stayed with it have benefited from a huge return on investment.
Bitcoin (BTC) price prediction for 2040
In 2020, Bitcoin made headlines around the world when it hit an all-time high in December. As expected, the $ 20,000 region acted as resistance and the price changed direction sharply correct at $ 17,000 immediately after pressing it. At the time, the world was on its toes for the next bull run and it wasn’t disappointed. Bitcoin broke the new resistance and saw growth through 2021. In November 2021, Bitcoin created a new all-time high at $ 69,000.
To take a look at the future predictions for Bitcoin, we will look at the latest analysis and opinions of the most famous entrepreneurs and authors of the crypto sphere. always keep in mind that it is forecastsAnd nothing is guaranteed ! We will never repeat it enough.
Tom Lee’s Bitcoin Price Predictions
Tom Lee is a expert in cryptocurrency trading who worked at JP Morgan before co-founding Fundstrat, where he works as head of research. In a recent interview, he was asked what his views were on the price of Bitcoin and he was very optimistic to say the least.
So maybe Bitcoin is in that $ 200,000 range. I mean, I think it’s doable, and I know it sounds great, but it’s very useful.
Willy Woo’s Bitcoin Value Predictions
Author and trader Willy Woo says that Bitcoin is now a mature asset and believes that the price of BTC could reach $ 100,000 sooner than many think. He explains that he doesn’t expect the price to consolidate and sell off for years as it did after the highs in 2013 and 2017.
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Max Keizer’s Bitcoin Price Predictions
US broadcaster Max Keizer recently made a Bitcoin price prediction for 2020 in its regular financial analysis program, The Keizer Report. Just like Tim Draper’s predictions, Keizer predicted that BTC’s value would rise during and after the coronavirus market crisis, and as we’ve seen, the price of bitcoin did just that.
In July, Max was asked about his Bitcoin price prediction. He claimed that the price of BTC would rise 40 times and that Bitcoin was trading around $ 50,000 at the time.
I predict – and this is not just the latest use case, but the latest irony – that once people realize they can’t get gold, they will start pouring into Bitcoin.
According to Keizer, a gold rush by the rich will leave Bitcoin as the most viable refuge for many.
In an interview, Keizer quadrupled his BTC price prediction, saying the first cryptocurrency would hit $ 400,000.
I’m officially raising my target for Bitcoin – and I first made this prediction when it was $ 1. I said it could go as high as $ 100,000: I’m raising my official target for the first time in eight years. I’m raising it to $ 400,000.
The tone varies bitcoin price predictions
Cryptocurrency trader Tone Vays provides nearly daily Bitcoin price predictions on Twitter and is not afraid to criticize the economic orthodoxy of Forbes and the mainstream media.
Vays also criticized Tim Draper’s predictions as “irresponsible”. But Vays’ future Bitcoin price predictions are optimistic. It provides it Bitcoin could reach $ 100,000 in 2022.
Smartereum Price Prediction for 2022, 2023, 2025, 2030, 2040
A writer at the crypto news site Smartereum suggested that Bitcoin is not mature enough for traders to claim that we have peaked. They predicted that Bitcoin would likely catch up $ 500,000 in the next few years, but I warn that even regulations and sentiment can negatively affect the price.
Trading Beasts price predictions for 2022, 2023, 2025, 2030, 2040
TradingBeasts specializes in price predictions for digital currencies. TradingBeasts had expected it the average price of Bitcoin will drop in 2020so make an impressive cover and will double by 2023. In 2021, we saw the accuracy of this forecast. Here’s what the Bitcoin average price forecast will look like in December over the next few years according to them:
- 2022: $ 38,063,850
- 2023: $ 33,217,918
- 2024: $ 52,791,140
- 2025: $ 67,282,151