Bitcoin Price Prediction 2040, 2050: How High Can It Go? | CoinCodex (2024)

Bitcoin has been one of the best-performing assets of the past decade, gaining over 84,300,000% since it first started trading in the early 2010s.

Taking into account adoption curves and the growth potential of disruptive technologies like the internet and the smartphone, most Bitcoin price predictions for 2040 and 2050 are bullish. But how high can the price of Bitcoin go in the coming decades?

We aim to answer this question in the following sections as well as outline Bitcoin predictions made by some of the most prominent figures in the crypto space.

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Bitcoin price prediction key takeaways

  • Bitcoin's pricegrew at a compounded rate of roughly19% annually in the last threeyears and more than 976,000x since 2010
  • Some analysts predict that Bitcoin could reach or even surpass a $1 million price tag in the future
  • Algorithm predicts the price of BTC to surpass $1 million by 2040 and reach as high as $3.06 million by 2048
  • Even the conservative estimates for Bitcoin's future price – like modeling the price based on the S&P 500's multi-decade growth rate –pin the value of a single coin above $843,000 by 2050
  • The long-term BTC price forecast is typically based on growth trajectories of disruptive technologies in the recent past
  • The accuracy of long-term BTC price predictions hinges on the future growth of Bitcoin users, broader crypto adoption, and successful implementation of scaling technologies like the Lightning Network
BTC price prediction (3-year CAGR)*$58,126$165,481$946,329$5,411,729
BTC price prediction (5% annual growth)$51,266$68,702$111,908$182,286
BTC price prediction (10% annual growth)$53,708$95,146$246,785$640,095
BTC price prediction (S&P 500 historical ROI)**$54,259$102,202$293,613$843,505
BTC price prediction (CoinCodex algorithm)$175,319$195,409$1,190,000$1,470,000

Based on the Bitcoin price of $48,825collected on February 12, 2024.
*Price data was derived from Bitcoin’s Compound Annual Growth Rate (CAGR) over the past 3years (~19%).
**Price data was derived from the S&P 500’s average rate of return over the past 50 years (~11.1%).

Bitcoin price history

Our first recorded Bitcoin trades date back to 2010, just 2 years after the first ever peer-to-peer (P2P) digital currency was envisioned by the Bitcoin creator Satoshi Nakamoto. According to our data, Bitcoin was changing hands at around the $0.05 mark at the time. It is worth noting that the first Bitcoin trade dates all the way back to 2009, when a user exchanged 5,050 BTC for $5.02 via PayPal (setting the price of a single coin at a paltry $0.00099).

Fast forward to today, the price of Bitcoin is roughly $48,825, meaning that BTC is trading over 976,000 times higher than when it first started changing hands more than a decade ago.

Bitcoin Price Prediction 2040, 2050: How High Can It Go? | CoinCodex (1)

Bitcoin finished in the red zone in just 3 of the past 13 years.

While Bitcoin's price history isn’t and shouldn’t be considered a direct predictor of the future, it can serve as a useful tool to gauge Bitcoin’s price potential in the future. In other words, we can take various data points – like the number of holders, number of addresses, general adoption, etc. – throughout Bitcoin’s history and use them as a measure of what Bitcoin’s price could look like in the future based on these data points.

The main drivers behind Bitcoin’s price

Before we dive deeper into how the BTC price could move in the future, let’s first outline some of the most important factors that have a direct impact on it.

Bitcoin Price Prediction 2040, 2050: How High Can It Go? | CoinCodex (2)

One of the most popular approaches to predicting the future price of Bitcoin is to use past tech growth as a basis.

The number of users

Arguably, the most important factor that’s driving the price of Bitcoin is the number of users. Since the total number of Bitcoins that ever exist is capped at 21 million, it is widely believed that a growing number of users pushes the price higher due to basic supply and demand market forces. According to Statista, the number of identity-verified crypto asset users has grown from 101 million in Q3 2020 to 402 million in Q3 2022, an increase of over 300% in just two years. Not only is the number of users on the rise but there is also ample room for growth in the future.In addition, Bitcoin becoming legal tender in more countries (currently, El Salvador is the only nation to declare BTC legal tender) would greatly increase the number of users.

Crypto adoption

The adoption of crypto goes hand in hand with the number of users. However, crypto adoption is a broader term that encompasses various use cases, including remittance and e-commerce. In fact, some Bitcoin supporters believe that Bitcoin could eventually displace gold as the world’s leading store of value among central banks and overtake a big chunk of its $14 trillion market cap. Bitcoin taking the role of gold in international banking and trading would be the most optimistic crypto adoption scenario. Additionally, the proliferation of scaling technologies like the Lightning Network could also greatly boost the adoption of BTC and crypto as a whole.

Bitcoin halvings

Historically speaking, the price of Bitcoin and the broader crypto market performance has been tethered to the Bitcoin halving cycles. Bitcoin halvings are preprogrammed events that reduce the rewards for mining a new block by 50%. The next halving is predicted to take place in April of 2024. Beyond that, an additional 29 halvings will occur before the last Bitcoin is mined sometime in the year 2140.

Bitcoin price prediction for 2040

If we take Bitcoin’s CAGRin the past three years (which is roughly 19%) and project it on future price movement, the price of Bitcoin could increase to $946,329 by 2040 – more than a +1,835% increase from its current price of roughly $48,825.

Bitcoin Price Prediction 2040, 2050: How High Can It Go? | CoinCodex (3)

The price of Bitcoin could reach as high as $946,000by 2040 if the currency continues to grow at the 3-year CAGRof ~19%.

Granted, the above approach is quite simplistic and doesn’t account for nuanced factors like general investing climate and market trends, but it can serve as a good starting point. In the end, Bitcoin’s price performance and potential as a good investment hinges on the broader economy and geopolitical factors.

If you want to set different rates of return figures or change the investment in Bitcoin so that it reflects your own situation, give our Bitcoin profit calculator a try.

Bitcoin price prediction for 2050

Similarly to the prediction for 2040, we’ve used Bitcoin’s 3-year CAGR of about 19% to calculate what the price of Bitcoin would be in 2050 based on those parameters.

According to the calculation, Bitcoin’s price could increase to $5,411,000 by 2050 and grow by more than +10,980% over the next 27 years.

Bitcoin Price Prediction 2040, 2050: How High Can It Go? | CoinCodex (4)

Bitcoin could become a multi-million dollar asset by 2050.

It could easily be argued that a 19% yearly return over the period of nearly 30 years is not realistic, as there are virtually no assets that have seen such growth over 30 years. For this reason, we tried to project the price of Bitcoin using the multi-decade return of the popular S&P 500 stock index, which has returned a historic annualized average ROI of around 11.13% over the past 50 years.

Using those parameters, the price of Bitcoin could reach$843,505 if it follows the multi-decade rate of return of the S&P 500.

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What the analysts are saying

Here are several price targets for Bitcoin made by some of the most prominent individuals and institutional investors in the cryptocurrency market.

Kraken CEO Jesse Powell: $1,000,000 BTC in the next 10 years is "very reasonable"

In an appearance on Bloomberg TV in 2022, Kraken CEO Jesse Powell stated that Bitcoin could reach the $1,000,000 price tag in the next decade. Powell said that the devaluation of fiat currencies and a search for a more stable reserve asset would drive the price:

"I think, in the near-term, people see it surpassing gold as a store of value. So, I think $1 million as a price target within the next 10 years is very reasonable.”

Galaxy Digital Holdings CEO Mike Novogratz: BTC to hit $500,000 by 2027 due to increased institutional adoption

When interviewed at the 2022 Blomberg Crypto Summit last July, Mike Novogratz stated that he sees Bitcoin reaching $500,000 “in the next five years or so.”

Novogratz, one of the most prominent crypto investors and the CEO of Galaxy Digital, believes that the ramp-up in Bitcoin’s price will come largely from an influx of new institutional investors, which could trigger the next bull run.

BitMEX co-founder Arthur Hayes: BTC will reach $1,000,000 as a result of economic sanctions levied against Russia

In April 2022, BitMEX co-founder Arthur Hayes stated that Bitcoin would reach $1 million due to sanctions levied against Russia by the Western powers. Similar to Powell, Hayes believes that Bitcoin will eventually serve as a backbone of a new, neutral financial system, largely untethered to the US dollar and gold. Hayes explained:

“The bear market in fiat currencies will trigger the largest wealth transfer the world has ever seen.”

Director of Global Macro at Fidelity Jurrien Timmer: BTC to hit $600,000 by 2028

Jurrien Timmer, Fidelity’s director of global macroeconomics, believes that Bitcoin will follow the adoption curve of historically disruptive technologies, particularly mobile phones. Timmer created a modified stock-to-flow model that predicts Bitcoin could reach as high as $600,000 in 2028.

Bitcoin price prediction for 2040-2050: Bullish activity could ramp up significantly before each cominghalving

According to our Bitcoin price prediction algorithm, Bitcoin could see a massive move to the top in 2024, with the world’s largest cryptocurrency reaching a new all-time high above the $149,000 mark at the end of the year.

Interestingly, this price activity corresponds with the nextBitcoin halving, which has historically been one of the most important drivers behind the price of Bitcoin.

Following the next halving, the prediction algorithm forecasts Bitcoin to record similar market movements each halving cycle. By 2040, Bitcoin could surpass $1 million and reach a high point of $1.16 million, which would be a +2,275% increase compared to today's prices. Going further, BTC is expected to break the $1.4 million mark by 2050.

Check the video below to see what we can expect from the next halving and why halvings are so important for Bitcoin and the broader crypto market.

The bottom line: Bitcoin price is predicted to trend to new heights

There are several bullish factors that could cause the price of Bitcoin to increase in the coming years and decades. The rise in crypto adoption, new use cases, and a need for a monetary system untethered to governments and political interests could see Bitcoin skyrocket in value in the future.

The above reasons are why Bitcoin is one of the best long-term crypto investments as well as one of the leading cryptos to buy now.

It is worth noting that while Bitcoin has considerable upside potential, no one can know how things will eventually play out, and the currency could never reach the price levels outlined in this article. Ultimately, investing in crypto is a risky business, and the sector could end up looking completely different than it is today in the coming years.

Bitcoin Price Prediction 2040, 2050: How High Can It Go? | CoinCodex (2024)


Bitcoin Price Prediction 2040, 2050: How High Can It Go? | CoinCodex? ›

BTC price forecasts 2040

How high will Bitcoin go in 2050? ›

Bitcoin Overview
YearMinimum PriceMaximum Price
8 more rows

How high can Bitcoin go 2040? ›

Based on our long-term Bitcoin Coin price forecast, we anticipated that prices could reach a new all-time high this year. By 2040, the maximum price of the BTC Coin is projected to be around $5,69,240.60. Our average price forecast for Bitcoin is $5,57,632.74 in 2040.

What is the Bitcoin reward for 2040? ›

0.1953125 BTC

How high could Bitcoin realistically go? ›

Bitcoin, it found, is likely to hit an average peak price of $87,875 in 2024, with some experts predicting it will climb as high as $200,000. On the flip side, the average lowest price Bitcoin could hit by the end of 2024, is seen as $35,734, the report said, with some predicting it will fall as low as $20,000.

How much will Bitcoin cost in 2045? ›

However, the most remarkable projection is the long-term forecast of $10 million per bitcoin by 2045, which implies a potential increase of over 6,300% from current levels. The power law model challenges the conventional belief that the coin's price grows exponentially.

What will Bitcoin price be in 2030 2040? ›

Fidelity Predicts: $1B per 1 BTC by 2038 — 2040

It claims the value of Bitcoin will grow steadily to about $1 million per full Bitcoin by 2030. A network like Bitcoin comprises a set of nodes that form connections with one another and follow a protocol, a group of rules.

What is the 20 year projection for Bitcoin? ›

According to Telegaon's BTC prediction, bitcoin could trade at $175,109.22 in 2030, and more than double by 2040 to a potential average of $353,429.23. The website's bitcoin price prediction for 2050 suggested BTC could hit $646,234.22.

What will 1 ethereum be worth in 2050? ›

Ethereum (ETH) Price Prediction 2024-2040
YearMinimum PriceAverage Price
8 more rows

How much will dogecoin be worth in 2040? ›

DOGE price predictions 2040

CoinMarketCap forecasts Dogecoin's value to surge, potentially hitting an all-time high of approximately $2.107 as demand continues to rise.

What will dogecoin be worth in 2050? ›

CoinMarketCap analysts expect Dogecoin to remain a major player in the cryptocurrency market for years to come and foresee that its price could reach up to $4,423 by 2050. According to CoinCodex analysts, the DOGE price would be $1.61 in 2050, assuming the S&P 500's average yearly growth rate of 11.8%.

What will $1000 of Bitcoin be worth in 2030? ›

If Wood is correct and Bitcoin does reach $3.8 million by 2030, an investment of $1,000 would be worth over $60,000. This would result in a compound annual growth rate (CAGR) of over 100%. Read Next: Bitcoin has jumped another 45% already this year – how much would you need to get started today?

What will Shiba be worth in 2050? ›

According to our calculations, Shiba Inu might reach an average price of $0.0077 by 2050. Shiba Inu may also face short downturns, with the minimum price level hanging around $0.0074.

Will Bitcoin go up to $100,000? ›

With bitcoin hitting new highs, it'll likely reach the US$100,000 milestone before 2024 is out.

Can Bitcoin reach $10 million? ›

Analysts recently detailed a $10 million bitcoin price prediction from Tom Lee of Fundstrat Global Advisors. A resurfaced projection by Tom Lee, managing partner and head of research for Fundstrat Global Advisors, indicates that the bitcoin price can reach as high as $10 million within decades.

Will Bitcoin ever reach $200,000? ›

Standard Chartered Predicts: BTC at $200K by 2025, Awaits Spot Bitcoin ETF Approval.

What will Bitcoin price be till 2030? ›

Bitcoin (BTC) Price Prediction 2030
2025$ 67,087.68
2026$ 70,442.06
2027$ 73,964.17
2030$ 85,622.77
1 more row

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