Hypothetically speaking, at least, the value of a cryptocurrency can collapse to zero, as witnessed in the Terra Luna price crash. However, for a currency as popular and valuable as Bitcoin, the fundamental foundations are most likely strong enough to withstand most threats and extremely disastrous incidents.
Although the future price of Bitcoin is impossible to predict with any accuracy, the combination of these factors makes it much more likely that Bitcoin will continue to rise in value over time, rather than hit zero. When considering this possible future, it makes investing at today's prices that much more alluring.
They predicted that Bitcoin could fall to $5,000 levels in 2023. Experts believe that the rising interest rates and tighter monetary policy will not allow Bitcoin to rebound sharply in the near future. As in this kind of uncertain market, investors will not prefer to invest or buy risky assets such as Bitcoin.
David Gokhstein says Bitcoin is going to zero in new tweet
The crypto proponents tweet comes at a time when a large volume of Bitcoin longs were liquidated after a 4.3% decline in BTC price overnight.
Crypto winter is finally over and bitcoin (BTC), the world's largest cryptocurrency, has the potential to reach $100,000 by the end of 2024, according to a research report by Standard Chartered Bank.
The firm expects Bitcoin to hit $1.48 million in 2030, its most bullish outlook, while $258,500 is the bear case and $682,800 the base.
It's important to note here that Ethereum losing the entirety of its value is highly unlikely, and the same goes for other popular coins like Bitcoin. We've seen many smaller coins drop to zero, especially those with a very short history in the market.
Billionaire investor Charlie Munger isn't a fan of cryptocurrency. The Berkshire Hathaway vice chairman called the form of virtual currency “worthless” during Wednesday's annual shareholder meeting of the Daily Journal Corporation, a publishing company where he's a director.
Peter Thiel called out Warren Buffett, Jamie Dimon, and Larry Fink as bitcoin's enemies. Here's how 6 crypto experts reacted. Peter Thiel recently announced a bitcoin "enemies list" that included Warren Buffett, Jamie Dimon, and Larry Fink.
According to expert Bitcoin price prediction, the value of the popular digital currency could reach a minimum of $609,000 by 2050 and a maximum of $646,000. With continued adoption and development of blockchain technology in the near future, this could increase even further over time.
It is forecast that bitcoin's price will reach a maximum of $214,232.74 USD by 2026. This is followed by a minimum of $181,308.21 USD, with an average price of $186,289.04 USD by 2026. Meanwhile, some experts see more potential in Bitcoin and predict a price of $274,279.582 USD by then.
Bitcoin (BTC) Overview
Market analysts believe BTC could reach $104,746.24 by 2025. Bearish Bitcoin market price prediction for 2023 is $23,942.00.
Cathie Wood, founder of Ark Investment Management and longtime champion for cryptocurrency, predicted in 2021 that Bitcoin's value would reach $1 million per coin by 2030.
It's estimated that all bitcoins will be mined by the year 2140, at which point the last block reward will be released. If a Bitcoin is lost or destroyed, it cannot be recovered, which can lead to a decrease in the total supply of bitcoins and an increase in their overall value.
As things stand now, the very last bitcoin is estimated to be mined sometime in 2140. There are no guarantees bitcoin will survive this long, so to answer Jamie Dimon's question: we don't really know.
Billionaire Bill Gates doesn't own any cryptocurrency.
The investor and philanthropist has described nonfungible tokens (NFTs) and other cryptocurrencies as an asset class “100% based on the greater fool theory —that somebody's going to pay more for it than I do.”
We've seen people quickly grow their wealth and change their life. And we've seen that success means different things to different people. So in this article, we meet many bitcoin millionaires, including an apprentice who bought a house, a retiree who can't stop smiling, and a student who was a millionaire by 18.
So… how to get rich? You can absolutely make money through crypto, just as you would trading any other type of asset. But with the extra volatility, there is a higher risk and higher potential profits.
If the cryptocurrency price reaches zero, holders of that crypto lose their investment and cannot sell their tokens or coins for any value. Individual holders and companies that have invested in the crypto incur significant financial losses.
According to a projection by VanEck, the Ethereum (ETH) price could skyrocket to $51,000 by 2030 if there's another crypto bull market. The prediction is based on Ethereum (ETH) becoming accepted across various industry sectors, such as finance, healthcare, and insurance.
However, some estimates can be made based on blockchain data and surveys of Bitcoin holders. According to data from Bitinfocharts, as of March 2023, there are approximately 827,000 addresses that hold 1 bitcoin or more, representing around 4.5% of all addresses on the Bitcoin network.
Bitcoin, the world's largest cryptocurrency, has been stealthily rising in 2023. Bitcoin's value could jump to as much as $100,000 by the end of 2024, Standard Chartered said in a note published Monday.
Bitcoin Price Prediction 2023-2030
Based on our analysis, Bitcoin's price will fall to $21,525 by the end of 2023. This is a potential loss of 17% by the end of the year. By the end of 2025, we expect BTC to rise to $45,200, a gain of 74.3% from today's price.