Their confidence in Bitcoin is so strong that analysts at
Last year, Ark Invest, led by Cathie Wood, also made a similar forecast, estimating that Bitcoin's value could surpass $1 million by 2030.
The Bitcoin Price Didn't Hit $1 Million in 90 Days as Predicted, But New Crypto ICO Copium Hit $8 Million in 5 Minutes.
But Bitcoin is still nowhere near its all-time high of $68,789, which it reached in November 2021. Nonetheless, a growing number of analysts, investors, and crypto enthusiasts still think that Bitcoin will break through the $100,000 level sometime in 2024.
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.
Bitcoin Price Prediction 2050
By the year 2050, Bitcoin's average price could reach approximately $646,200. The minimum value of a Bitcoin during this period is estimated to be around $609,315. These figures indicate the potential for substantial growth over the long term.
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.
Answer: Bitcoin could be worth between $800,000 and $1 million in 10 years based on analysts' predictions. The $1 million price target is anticipated in 2030.
The MNC bank forecasted BTC to reach $50,000 by the end of this current year. The Chinese-Canadian Bitcoin entrepreneur and CEO of crypto firm, JAN3, Samson Mow, believes the cryptocurrency will reach $1 million in the next five years.
Just like a lot of other digital assets, Bitcoin has been built by its creator around the concept of a finite supply. This means that Satoshi has set a fixed upper limit regarding the number of Bitcoins that can ever come into existence.
Entrepreneur Balaji Srinivasan explained the rationale for his bet that bitcoin (BTC) could reach $1 million in price by June 17 during an interview at CoinDesk's Consensus 2023 conference.
BTC Will Hit $10M, Another Fund Manager Says
To back up his claim, another fund manager – Jesse Myers of Protocol Capital – also believes that Bitcoin can reach the $10 million price tag per BTC.
The maximum supply of 21 million bitcoins will be reached around the year 2140, after which no new bitcoins can be mined.
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.
Bitcoin is the more established and mainstream of the two, which makes ETH just a touch riskier. As with most investments, it's possible Ethereum's higher risk brings with it potential for higher rewards.
Since Bitcoin is a digital asset, it is more common for investors to misplace or forget what they have purchased. As a matter of fact, research reveals that, until 2022, 4 million Bitcoins, or the equivalent of USD140 billion based on current pricing, had been irreversibly lost.
But practically speaking, the probability that Bitcoin would ever abruptly crash in this manner is very low. Even if several factors may cause Bitcoin's value to decline over time, it would need significant changes in the economic model and the network itself for Bitcoin to drastically go down to zero.
Bitcoin will never disappear! The network is here and as long as miners use it, Bitcoin cannot disappear. If all miners would stop using the network, then Bitcoin could disappear. In all likelihood, however, this will never happen.
In 2040, we can expect an average price of Ethereum (ETH) around $23,000 – $25,000, depending on market trends. More positive forecasts predict Ether's coin to be around $40,000.
Bitcoin, the largest cryptocurrency by market cap, is a risky investment with high volatility. It should only be considered if you have a high risk tolerance, are in a strong financial position and can afford to lose any money you invest in it.
The question is whether the Ethereum price can actually reach $100,000 one day. The Bitcoin price should very likely be able to reach this value in the next bull market. Theoretically, there is nothing standing in the way of an Ethereum price of $100,000 in the coming bull markets.
Taking a longer-term outlook, we expect the price of Ethereum to reach $3,200 by 2024.