Bitcoin price: According to Telegaon’s BTC prediction, bitcoin could trade at $175,109.22 in 2030, and more than double by 2040 to a potential average of $353,429.23. The website’s bitcoin price prediction for 2050 suggested BTC could hit $646,234.22.
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Bitcoin price prediction 2030-2050: What might happen to BTC in the long term?
By Peter Henn and Alexandra Pankratyeva
Edited by Jekaterina Drozdovica
Updated
In 2021, BTC’s value grew from $29,374.15 on 1 January to $46,306.45 on 31 December, managing to surpass the $60,000 mark twice, most notably when it reached its all-time high of $68,789.63 on 10 November that year.
Bitcoin price prediction round-up for 2030 and beyond
Let's now take a look at some of the longer-term bitcoin price predictions that were being made as of 6 April 2023. Remember that price forecasts, especially for something as potentially volatile as cryptocurrency, are very often wrong. Also, keep in mind that many long-term crypto price predictions are made using an algorithm, which means they can change at any time.
DigitalCoinPrice had a longer-term BTC price prediction that argued bitcoin could trade at an average price of $305,981.72 in 2030. While the algorithmic forecaster did not provide a bitcoin price prediction for 2040 or 2050, it did forecast that the coin could be worth $571,195.49 in 2032.
PricePrediction gave an extremely bullish bitcoin price prediction for 2030 claiming that the BTC price could rise to $564,433.66 that year, growing further still to an eye-watering potential $1,168,666.81 in 2032.
According to Telegaon’s BTC prediction, bitcoin could trade at $175,109.22 in 2030, and more than double by 2040 to a potential average of $353,429.23. The website’s bitcoin price prediction for 2050 suggested BTC could hit $646,234.22.
Note that algorithm-based price predictions can be wrong as they use past performance to inform their estimates. Always conduct your own due diligence before trading or investing, and never invest or trade money you cannot afford to lose.
Analysts’ views on BTC forecast for 2030
A panel of 55 industry specialists surveyed by Finderin October 2022 expected the coin to surge to $270,722 by December 2030 – less than half than the $567,472 prediction a year earlier.
Previously, a January 2022 report published by ARK Invest analyst Yassine Elmandjra gave an even more positive outlook for bitcoin in 2030, saying the price could reach $1m.
CoinLoan founder and CEO Alex Faliushin agreed with ARK Investment’s bullish outlook, noting that solid cryptocurrency regulation will be required to attract more institutional money into the space and boost the price of bitcoin by 2030.
“In 2030, it could be very realistic that BTC will reach $1,000,000 per BTC, given that many funds are just starting to pay attention to it and many can’t even hold it on their balance sheet due to regulations,” Faliushin told Capital.com.
“When the whole industry will be more transparent and regulated, we are expecting to see new money coming into the market. This could lead to a sharp price rise,” he concluded.
Mike McGlone, senior commodity strategist at Bloomberg Intelligence, told Capital.com that limited supply and rising demand would suggest a bullish bitcoin projection. The analyst expected that by 2030, the $100,000 mark could become .
He said: "The bottom line is that supply is declining, by code and demand, and adoption is rising. I expect those trends to continue for bitcoin, which is well on its way to becoming the digital collateral benchmark in a world going that way,” McGlone added.
Mark Basa, on the other hand, gave a more bullish bitcoin price projection. He expected the token to reach $1m in the next eight years.
“I think about it like this: A whole new generation of young people are going to be introduced to easier ways to buy bitcoin and interact with crypto. They’ll be faced with a much higher cost of living, US debt, inflation, and a housing market almost out of reach,” he told Capital.com.
“If they learn about bitcoin, and how it’s really their money, they are going to opt out of investing in the most common stocks and look at an asset that just keeps growing and growing due to its limited supply and decentralised nature.”