Bitcoin Price Forecast for 2030

Bitcoin Price Forecast for 2030

Many experts are interested in doing the Bitcoin forecast for 2030. Some believe that the price of this criptomoeda could run into millions of dollars, but other analysts aren't so sure. What is the forecast for the price of Bitcoin? Let's try to find out!

Briefly About BTC Price History

Making a Bitcoin price prediction today for 2030 is not an easy task. Sometimes it is difficult to predict the price of this criptomoeda even for the next week, let alone for several years. Many industry experts, including the broker Mike Novogratz, tried to make annual forecasts that turned out to be absurd.

But there are those who say that it is possible to make a Bitcoin price prediction for 10 years ahead. They point to a four-year cycle for Bitcoin, in which 12 – 18 months after the price has halved, explosive growth usually follows.

However, they forget to mention the bear market, a prolonged decline that often occurred. This cycle resulted in a significant drop in the price of BTC in 2018.

2018-2019 BTC Price Table

2018-2019 BTC Price Table

When it comes to predicting the Bitcoin rate for 2030, it must be remembered that, in theory, this year will be dominated by a bear market. In 2014, two years after the first reduction, BTC lost 37,4% of its value in the 1st quarter, 39,7% in the 3rd quarter and another 16,7% in the 4th quarter, which led to to a drop of almost 50%. A similar situation occurred four years later, in 2018 — so there was a drop of 49,7% in the 1st quarter, 7,7% in the 2nd quarter and 42,2% in the 4th quarter.

Suppose the Bitcoin price prediction could be based on how the situation was in the past (which is obviously not a reliable indicator of what will happen in the future). In this case, significant price corrections can be expected in 2022, 2026 and 2030.

Let’s take a look at the top Bitcoin price predictions for 2030, including a long-term analysis of key events that could happen soon.

What is the Bitcoin Price Forecast

We will start to consider the Bitcoin future price prediction for 2030 from the stock-to-flow model developed by the anonymous trader. PLANBE. Although it generated controversy in the community of criptomoedas, this model also won praise. Forbes called this 'surprisingly accurate'.

Its essence is very simple. Every four years, the number of new bitcoins entering circulation is reduced by 50%. This process, as mentioned above, is called halving.

Currently, 6,25 coins are mined every 10 minutes, equivalent to around 900 bitcoins per day. This volume will drop to 3,125 BTC per hour in 2024 and to 1,5625 BTC in 2028.

Consequently, the theory S2F is that a decline in supply causes prices to rise if demand remains high.

Given that there will only be 21 million bitcoins in the world at some point, and since investors in criptomoedas don't sell them for years, only a small fraction of the total supply will remain liquid.

This will force beginners and enthusiasts to pay a premium to buy Bitcoin. According to this model, the first cryptocurrency is expected to hit $900K sometime in 2025.

Analyst Scott Melker argues that the average price of $288.000 can be reached as early as 2022. He once said:

I wouldn't be surprised to see Bitcoin trading in six figures over the next six to 12 months, or Ethereum reaching $10.000 in that time.

Still, when making a Bitcoin price prediction today, one should also remember the negative factors that affected Bitcoin and the crypto market in general in May 2021.

For example, a serious negative influence has been caused by the Chinese government's ban on cryptocurrency transactions. Therefore, when making Bitcoin rate prediction, one should take into account both positive and negative factors.

Bitcoin Price Forecast Today: What Do Investors Think?

Analysts, of course, can loudly state their predictions about Bitcoin’s astronomical growth. But, perhaps, you should pay attention to the opinion of investors, as their actions can influence the development of the market.

Research conducted by Genesis Mining in December 2020 gave us some insight into long-term Bitcoin price prediction from an investor perspective.

It found that 65,8% of respondents were optimistic about the long-term future of this digital asset and 66,2% believed that the BTC it is a more profitable long-term investment than the dollar.

However, opinions differ greatly when investors are asked to provide an accurate prediction of the future price of Bitcoin. Only 4,8% believed it could cost more than $500.000, while 5,5% predicted a range of $50.000 to $100.000. Another 21,8% believe the price would drop below $5k.

Still, it's important to note that this survey was conducted at the beginning of Bitcoin's explosive growth, when it was trading at around $19.000 in 2017. If the same respondents were interviewed on October 20, when the coin hit its all-time high $66.000, so it's quite possible that your answers will be completely different.

3 month BTC price table

3 month BTC price table

Bitcoin Future Price Forecast 2030

Another Bitcoin price prediction for 2021 is that the asset will become less volatile over time. For example, Raoul Pal, founder of the financial television channel Real Vision, believes that the closer to 2030, the weaker Bitcoin's fluctuations will be. He doesn't believe the currency will be stable enough to be used for everyday purchases.

Still, Raoul Pal also predicted that Bitcoin will be worth between $250 and $400.000 in March 2022 – with ETH rising to unprecedented levels of $20.000.

Other experts estimate that a billion people will own Bitcoin until 2030. However, this means that most of them will only be able to buy a small fraction of Bitcoin.

And that's a problem because miners need a financial incentive to keep the network running smoothly.

While some investors believe that Bitcoin will be able to outperform the market capitalization of gold in the long term, there are only a few Bitcoin predictions for 2030 that this leading digital asset will outperform the fiat currency.

Conclusion

However, as history shows, a lot can change in 10 years. In 2011, 1 BTC was worth just $1. In the near future, we will likely see central banks across the world start issuing their own digital currencies. Perhaps harmonized regulation of Bitcoin around the world is just around the corner.

 

 

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