Will Bitcoin function like pocket change or bars of gold in the year 2140? The Bitcoin ecosystem is still developing, making it possible that Bitcoin itself will continue to evolve over the coming decades. But however Bitcoin evolves, no new bitcoins will be released after the 21-million coin limit is reached.
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.
The bitcoin halving is an event that happens roughly every four years where rewards to miners are cut in halve, effectively limiting supply of the token.
Bitcoin price prediction for 2050
According to the calculation, Bitcoin's price could increase to $6,680,000 by 2050 and grow by more than +27,700% over the next 27 years. Bitcoin could become a multi-million dollar asset by 2050.
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.
The research report put together by Ark Invest sees Bitcoin hitting price targets in 2030 of $258,500 in the bearish forecast, $682,000 in the average market and $1.48 million in a bullish market.
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.
Their confidence in Bitcoin is so strong that analysts at Ark Invest released a report claiming that its price could be worth more than $1 million by 2030. But for Bitcoin to get to that level, it would need to increase by more than 4,000% in just seven years.
That $1,000 investment would be worth $1,559.04. This represents a hypothetical return of 55.9% over the last five years or an average annual return of 11.2%.
After 21 million bitcoins are generated, no more can be mined. An analysis of current trends predicts that the last whole bitcoin will be mined in the 2040s, but fractions of coins will still be awarded to miners. Once all bitcoins are mined, the value of the cryptocurrency will depend entirely on supply and demand.
So, if you are wondering whether you will entrust your investment to Bitcoin, you should also know that there are certain factors influencing its value. By 2030, the price of each token will go up to $1 million, according to the predictions of analysts.
Nearly 4 million bitcoin are estimated to be lost forever. Each lost bitcoin increases the value of remaining bitcoin in the network. Many private keys held in self-storage are often accidentally discarded or overwritten by other files.
While Ethereum might be deserving of a spot in your portfolio, Bitcoin provides investors with a safer and more dependable option. Likely the greatest advantage Bitcoin has over Ethereum is its simplicity.
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.
By 2040, the block reward will have reduced to less than 0.2 BTC and only 80,000 Bitcoin out of 21 million will be left up for grabs. The last Bitcoin will take close to 40 years to mine. Bitcoin's price started the week with a fresh rejection of $50,000 as the end-of-year close is fast approaching.
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.
According to historical data at Investing.com, Bitcoin's price never broke above $0.40 per bitcoin in 2010 but did manage to hit that level in early 2011. Then in February, it crossed $1. Just a few months later, in May, it briefly exceeded $8 – a stunning 8-bagger in mere months!
According to data calculated by Finbold, investors who bought $1 worth of Bitcoin in January 2013 when the digital asset was trading at $13.30 would have seen their investment grow to be worth $1,417 as of January 13, when the price of one BTC was $18,881.
The token is more likely to tumble to $10,000, cutting its value roughly in half, than it is to rally back to $30,000, according to 60% of the 950 investors who responded to the latest MLIV Pulse survey. Forty percent saw it going the other way.
Bitcoin is not Collapsing Anytime Soon!
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.
Conclusion: Yes, Ethereum Can Reach $100K
The main reasons behind this are the increasing use of Ethereum in the world of digital bonds, real estate, and government and central bank usage of the blockchain network on a state level.
There are many benefits, like greater security and lower transaction fees, which can help diversify your portfolio. A lot of financial experts say it's an excellent long-term investment. Your financial situation and risk tolerance will determine whether you buy bitcoin in January 2023.