Bitcoin Price Prediction 2022-2030 - Bitcoin USD

Bitcoin needs no introduction, as this disruptive cryptocurrency was the first to break down doors within the sector. Over the past few years, the coin’s rise has been exponential, paving the way for hundreds (or even thousands) of altcoins and crypto projects to carve out a niche within the broader market.

This guide will discuss our Bitcoin price prediction for both the short and long term, touching on the coin’s utility, its future potential, and where you can invest in BTC today – with low trading fees.

Bitcoin Price Prediction 2022

At the time of writing, the Bitcoin price today is hovering around the $31,500 level, following a sustained downtrend over the past few months. To help provide an overview of BTC’s long-term outlook, presented below is our price forecast for the years ahead:

End of 2022 – Bitcoin’s value has dropped by around 50% in the past two months, driven by the market’s prevailing ‘risk-off’ sentiment. However, BTC has rejected the $20,000 level on the daily timeframe – meaning we could see a return to the $32,000 region if any bullish momentum is sustained.

End of 2023 – Once the Bitcoin stock price begins a bull run, it can sustain itself for a period of weeks (or even months). Thus, assuming the momentum continues, we could see BTC return to the $69,000 level by the end of 2023.

End of 2025 – Over the coming years, although some of the best altcoins may develop better utility than Bitcoin, this cryptocurrency should retain its ranking due to its ‘first mover’ status. Due to this, our Bitcoin forecast estimates the coin could reach a value of $80,000 by the end of 2025.

End of 2030 – With the rate of crypto adoption showing no signs of slowing, there’s scope for BTC to become more widely accepted by merchants when it comes to paying for goods and services. Should this occur, there’s undoubtedly scope that Bitcoin could surpass the $100,000 level and reach $120,000 by 2030.

Bitcoin Price History

As the first cryptocurrency to hit the mainstream, Bitcoin has broken down many walls in the space and created a pathway for other projects to flourish. Although BTC was thought of as the ‘best’ crypto for a long time, other coins have sprung up that possess appealing use cases that have taken the attention away from Bitcoin. However, many investors still look to buy Bitcoin due to its value potential and low volatility relative to other coins.

The first recorded BTC price was in July 2010, when the coin began trading at $0.0008. Investors looking to buy cryptocurrency and gain exposure to this new technology helped drive Bitcoin’s price over the following years, seeing BTC’s price hit $250 in 2013. However, it wasn’t until mid-2017 that Bitcoin really entered the mainstream.

The price of Bitcoin rose a staggering 2,300% throughout the latter half of 2017, breaching the $19,000 level. A sustained bear market followed this high, which saw Bitcoin lose around 85% of its value. A few sporadic bullish spikes were dotted around during this time frame, although the real movement began in late 2020.

From September 2020 until April 2021, Bitcoin rose by over 540%, hitting a high of $64,700. After a short pullback, the price surged once more, reaching an all-time high of $68,789, according to CoinMarketCap. However, this high was fleeting, and the price of Bitcoin has dropped by over 70% at the time of writing in mid 2022.

Before we dive into our Bitcoin price prediction, here’s a brief overview of the point discussed thus far:

• Satoshi Nakamoto published his Bitcoin whitepaper in October 2008.
• Bitcoin’s open-source code was officially released in January 2009.
• Bitcoin’s first recorded price was $0.0008 in July 2010.
• Bitcoin hit a high of $19,000 in 2017.
• Following this high, BTC goes on an extended bear run and loses 85% of its value.
• Bitcoin recovers and hits an all-time high of $68,789 in November 2021. 

Bitcoin Price Prediction 2022

Bitcoin has been viewed as one of the best long term crypto investments for years due to the coin’s ‘first-mover’ status within the market. However, as touched on earlier, the Bitcoin crypto price has dropped significantly from November 2021’s all-time highs. Given this fact, what does the remainder of 2022 hold for Bitcoin?

One of the main things going in Bitcoin’s favour is its relatively solid standing within the crypto market. This reputation is not only driven by retail investor interest but also interest from institutional investors. Many well-known companies now hold BTC in their investment portfolios to gain exposure to the cryptocurrency sector.

A recent article from Yahoo Finance noted that asset managers held more than $70 billion worth of BTC in late 2021. At the time, this equated to nearly 8% of the coin’s circulating supply. The largest holder is Grayscale Investments, which issues a tradeable Bitcoin fund called Grayscale Bitcoin Trust.

Bitcoin Price Prediction 2023

Looking further ahead, what does our BTC price prediction look like for 2023? As noted earlier, numerous altcoins have launched over the past few years that look to capitalize on Bitcoin’s success. Many of these altcoins have been dubbed ‘superior’ to BTC in terms of speed and scalability.

In an objective sense, this does appear to be true. Ethereum is seen by many as the best cryptocurrency to invest in since it uses blockchain technology in a more innovative way than Bitcoin. Furthermore, other networks have also begun moving away from Bitcoin’s ‘Proof-of-Work’ (PoW) consensus to a ‘Proof-of-Stake’ (PoS) algorithm, which is much more scalable and environmentally friendly.

However, even though Bitcoin’s technology may be becoming outdated, the coin is still growing its adoption throughout the world as a payment method. As reported by Reuters, nearly 25% of small businesses in nine leading countries intend to begin accepting digital currencies as a payment method in 2022. Due to Bitcoin’s pervasiveness, there’s a good chance that BTC will be the coin of choice for these businesses.