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.
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.
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.
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.
Mark Mobius, the billionaire founder of Mobius Capital Partners, called in early December that Bitcoin will fall further to bottom out at $10,000 in 2023.
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.
According to the Bitcoin Wave Bitcoin projections model, the price would spike to over $180,000 in around mid-2032 and has a potential of trading at $75,000 on average between 2033 and 2035.
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.
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.
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.
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.
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.
Bitcoin uses blockchain technology that guarantees its security. Blockchain ensures that no single entity can hack or shut down Bitcoin.
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.
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.
For instance, CoinPriceForecast said bitcoin should reach $77,449 by the end of 2025, and the bitcoin price in 10 years could be as high as $85,845, in 2032; while DigitalCoinPrice said it will hit an average of $76,109.47 in 2025.
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.
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.
To reach $5 million per Bitcoin, the cryptocurrency would need to become a dominant part of the global economy. Bitcoin's value will probably rise over time, but expecting a jump to $5 million per coin is downright unrealistic.
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.
Investor takeaway
Unfortunately, it's also incredibly volatile. For that reason, while current market conditions are favorable for anyone considering buying Bitcoin, it is an asset you should purchase only at your own risk.
By 2040, Bitcoin could surpass $1 million and reach a high point of $1.16 million, which would be a +3,870% increase compared to today's prices. Going further, BTC is expected to break the $1.3 million mark by 2050.