Bitcoin price predictions: How much more could it rise in 2024? (2024)

Thinking about investing in the popular cryptocurrency? A recent report predicts that Bitcoin will reach a new all-time high in 2024.

Bitcoin price predictions: How much more could it rise in 2024? (1)ADVERTIsem*nT

Bitcoin (BTC) is expected to reach a new record of $88,000 (€82,000) throughout the year, before it settles around $77,000 at the end of 2024, according to a new report.

The cryptocurrency's current price sits at around $43,000.

UK fintech firm Finder carried out a study based onexpert price predictions of 40 crypto industry specialists on how Bitcoin is expected to perform through to 2030.

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.

What could give Bitcoin a boost in 2024?

More than half of the experts Finder surveyed expected the price to increase after a so-called "BTC halving event" in April 2024.

A halving event refers to a period every few years when the reward for mining Bitcoin transactions is cut in half. As things stand, those validating Bitcoin transactions currently get 6.25 bitcoins, which could go down to 3.125.

Halving events lead to a lower supply, with fewer Bitcoins made available, thereby leading to higher prices.

Just under half of the 40 panellists surveyed (47%) believe that Bitcoin is going to reach a new all-time high six months after the halving event.

Kadan Stadelmann, CTO of blockchain platform Komodo, said in the report that Bitcoin is probably facing a fair bit of pressure, not only because of the expected halving event but also because "major companies and institutional investors [are] showing growing interest [in Bitcoin, which] is likely to drive demand."

Many experts forecast more buyers on the market following the US Securities and Exchange Commission's recent approval of 11 Bitcoin ETFs (exchange-traded funds), making it easier for individual investors to trade Bitcoin-related investment funds in the US stock exchanges.

The price could be propelled further upward once the US Federal Reserve cuts the historically high benchmark rate, as analysts expect more liquidity to consequently flow into Bitcoin.

However,John Hawkins, senior lecturer at the University of Canberra, believes that cryptocurrency is still little more than a speculative bubble.

"If the new spot Bitcoin ETFs are popular, there could be a temporary price increase. But, in the medium to longer-term, I still regard Bitcoin as a speculative bubble," said Hawkins, adding there were high expectations about similar ETFs entering the market in 2021, but the price crashed later.

What should investors embrace themselves for by 2030?

BTC is expected to potentially climb to $122,688 (€114,310) in 2025 and $366,935 (€341,878) in 2030.

However, the truncated mean, a statistical measure of central tendency, puts the expected price at around $220,708 (€205,636) by 2030.

Overall, the majority (58%) of panellists believe now is the time to buy BTC; 38% advise people to hold while 5% of panellists are in favour of a sale.

Cryptocurrencies are not regulated in the UK and there is no protection offered by the Financial Ombudsman or the Financial Services Compensation Scheme.

Bitcoin price predictions: How much more could it rise in 2024? (2)ADVERTIsem*nT

Disclaimer: This information does not constitute financial advice, always do your own research on top to ensure it's right for your specific circ*mstances. Also remember, we are a journalistic website and aim to provide the best guides, tips and advice from experts. If you rely on the information on this page, then you do so entirely at your own risk.

Bitcoin price predictions: How much more could it rise in 2024? (2024)

FAQs

Bitcoin price predictions: How much more could it rise in 2024? ›

Our real-time BTC to USD price update shows the current Bitcoin price as $63,175.6 USD. Our most recent Bitcoin price forecast indicates that its value will increase by 12.04% and reach $70,969 by April 29, 2024.

Will Bitcoin skyrocket in 2024? ›

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.

Which coin will reach $1 in 2024? ›

Synopsis. Exploring the potential cryptocurrencies like Pikamoon, Dogecoin, Book of Meme, Rosewifhat, and Zilliqa as contenders to hit the $1 milestone. Key factors like utility, viral potential, and clear roadmaps suggest their potential amidst market sentiment and unique tokenomics.

How much will 1 BTC cost in 2024? ›

Bitcoin BTC/USD price history up until Apr 26, 2024

Bitcoin (BTC) price again reached an all-time high in 2024, as values exceeded over 73,000 USD in March 2024.

What will be the price of Bitcoin in future 2025? ›

Bitcoin (BTC) Price Prediction 2030
YearPrice
2025$ 66,394.85
2026$ 69,714.59
2027$ 73,200.32
2030$ 84,738.52
1 more row

Which crypto will boom in 2024? ›

Top 10 Cryptos in 2024
CoinMarket CapitalizationCurrent Price
Dogecoin (DOGE)$23.8 Billion$0.1653
Tron (TRX)$10.1 Billion$0.1152
Polkadot (DOT)$10.2 Billion$7.12
Cosmos (ATOM)$3.4 Billion$8.64
6 more rows
Apr 15, 2024

What happens to Bitcoin in 2024? ›

A Bitcoin halving event occurs when the reward for mining Bitcoin transactions is cut in half. Halvings reduce the rate at which new coins are created and thus lower the available amount of new supply. Bitcoin last halved on April 19, 2024, resulting in a block reward of 3.125 BTC.

Is crypto worth it in 2024? ›

These returns are better than anything you'd get from investing in traditional financial assets, albeit at a slightly higher risk. With the impending ETF approval, halving, and potential rate cuts from the US Fed, Bitcoin is poised to reach greater heights in 2024.

Which coin will boom in 2025? ›

In 2025, BONK is expected to continue its upward trend, with analysts forecasting an average price of approximately $0.000104 for the token.

Which coins will explode in 2025? ›

In turn, the entire cryptocurrency market could be pulled much higher again making it a particularly exciting time for crypto investors.
  • Cryptos With Explosive Potential: Ethereum (ETH-USD) ...
  • XRP (XRP-USD) ...
  • Cryptos With Explosive Potential: Cardano (ADA-USD) ...
  • Dogecoin (DOGE-USD) ...
  • Shiba Inu (SHIB-USD) ...
  • NEAR Protocol (NEAR-USD)
Mar 7, 2024

How much will 1 Bitcoin be worth in 5 years? ›

We predict that Bitcoin will hold an average price of $60,000 in 2024, thanks to the Halving event, and settle more in 2025 with an average of $65,000. In 2026, we see Bitcoin trading as high as $90,000 by the end of the year. By 2030, we predict that Bitcoin could reach a high of $160,000.

How much was Bitcoin in January 2024? ›

The closing price for Bitcoin (BTC) in January 2024 was $42,582.61, on January 31. It was up 0.7% for the month. The latest price is $63,384.96.

How high will Ethereum go in 2024? ›

Our most recent Ethereum price forecast indicates that its value will increase by 0.84% and reach $3,170.88 by April 28, 2024. Our technical indicators signal about the Neutral Bullish 57% market sentiment on Ethereum, while the Fear & Greed Index is displaying a score of 70 (Greed).

How much will 1 Bitcoin be worth in 2040? ›

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.

What is the Bitcoin price prediction for 2050? ›

Bitcoin (BTC) Price Prediction 2050

By 2050, our long-term Bitcoin price prediction estimates that the maximum price could reach up to $11,94,927.3. With continuous developments and advancements in technology, it's possible that the average price of BTC Coin to be around $11,60,786.52.

What is your 2026 price prediction for Bitcoin? ›

Bitcoin (BTC) Price Prediction 2030
YearPrice
2024$ 63,930.33
2025$ 67,126.85
2026$ 70,483.19
2027$ 74,007.35
1 more row

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

If Bitcoin continues this pattern into 2030, the price could peak around 2029 or 2030. If Wood is correct and Bitcoin reaches $3.8 million, if you invested $1,000 in Bitcoin now, it would be worth $54,280 in 2030. This would result in a compounded annual growth rate (CAGR) of nearly 95%.

How high will Bitcoin go in the future? ›

No one knows for sure whether bitcoin will rise or fall in value over the coming days, weeks, months or years. However, one way to guess at future price changes is to consider BTC's previous price movements. In January 2014, bitcoin was worth approximately $800. By January 2024, it was worth more than $42,000.

Will Bitcoin reach 60k? ›

LONDON, Feb 28 (Reuters) - Bitcoin hit $60,000 on Wednesday for the first time in more than two years, as a surge of capital into new U.S. spot bitcoin exchange-traded products fuelled a rally that has reached 42% this month, on track for its largest monthly gain since December 2020.

What is the crypto prediction for April 2024? ›

🚀Looking ahead to April 2024, we anticipate Bitcoin's price to reach new heights, with projections suggesting a touch of $83,000. This aligns with historical patterns and the upcoming Bitcoin halving event, which typically spurs bullish sentiment and price appreciation.

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