Since the third bitcoin move, the price of bitcoin has been hovering around $ 9,000. In fact, after Hawing, the bonus blocks were reduced from 12.5 BTC to 6.25 BTC. Bitcoin prices were expected to rise after Howing. But as can be seen from the bitcoin price charts, this digital currency has not changed much since Howing. But now it is showing signs of reviving its price in terms of resistance and support, as well as trading. In this article, we are going to review the Bitcoin price forecast from different sources.
Forecast Bitcoin future for traders
In this section, we want to understand what the future of Bitcoin is for 2020 and the next 5 years. Since Bitcoin is experiencing a volatile market, have enough knowledge to predict the price of this popular digital currency. If you have enough knowledge, you can easily have a long-term investment in the field of digital currencies. Let's take a look at the popular Bitcoin predictions:
1- Tom Lee
Tom Lee Lee, founder and head of research at Fundstrat, believes that Bitcoin could deliver 100% return to its investors in 2020. He believes that after the second half of 2020, it may be a maximum of $ 27,000.
۲- Max Keiser
Max Keizer is a fan of the two Bitcoin fires, which has provided an optimistic forecast. He predicts that bitcoin may reach $ 400,000, given that there are many obstacles in the way and that it may go a long way.
۳- Bobby Lee
Bobby Lee Bobby Lee, CEO of the first Chinese exchange BTCC, had previously said that it would take 20 years for BTC to reach $ 1 million. But now his prediction has completely changed. BTCC co-founder Bobby Lee and the brother of LightQueen creator Charlie made a very bullish forecast, but it started to decline nonetheless. He predicts that bitcoin may reach $ 333,000 from late 2020 to 2021 and then fall to $ 41,000 in 2023. He noted that the market capitalization may reach $ 7 trillion, which may exceed the market cap. He even noted that bitcoin will lead to price stability and global liquidity in the coming years.
4- John McAfee
John McAfee John McAfee is a fan of bitcoin and digital currencies. He is very optimistic that Bitcoin will reach $ 1 million by the end of 2020.
5- Tim Draper
Tim Draper, a well-known investor in the investment market, predicted that Bitcoin could occupy about 5% of the foreign exchange market by 2023. He is optimistic that the price of bitcoin will reach $ 250,000 by 2023.
6- Bloomberg
A Bloomberg analyst predicted that bitcoin would reach $ 20 billion this year, and this has been supported by many digital currency enthusiasts.
Bitcoin price forecast 2021
Bitcoin has performed very well and this has surprised the market. Traders and investors are now in a position to make the most of it. The more transactions, the higher the price. In addition, as we know, bitcoins have a small turnover, which means that their number is limited to 21 million bitcoins, of which 17 million have been extracted so far. In addition, several countries, such as the United States, Japan, and South Korea, have shown a strong desire to integrate bitcoin and other digital currencies into their financial systems by creating regulated markets that may operate freely and safely. By the end of 2021, the price of bitcoin will reach $ 23,499.
Bitcoin price forecast 2022
Bitcoin may experience unexpected growth and triple its price by 2022. Bitcoin may be accepted by the global masses as the most cost-effective payment system. However, Bitcoin is not far from the mindset of Fiat currencies, and many developed countries may see change faster than others. Due to the steady progress, bitcoins may reach $ 32,000 by 2022.
Bitcoin price forecast 2025
Bitcoin price forecast shows that the price of Bitcoin will increase in value by about 385.450281% for a long time with a 5-year investment. This means that in 2025, the price of Bitcoin is projected to be around $ 50044.6. Bitcoin may also hit $ 50,000 in 2025, which could make the digital currency market completely different. According to forecasts and analysis, Bitcoin is ranked number one without any claims of proximity.
Bitcoin price forecast 2030
The price of bitcoin may rise exponentially as payment terms may change and so will the exchange rate. There may be a large number of shops and stores that work more on the Bitcoin payment system than Fiat. By 2030, bitcoin could even be the epitome of a modern money system, and it could reach around $ 52,000.
Bitcoin price forecast 2040
By 2040, bitcoins may increase exponentially worldwide. There will be a lot of new innovations, and Bitcoin may have new innovations that could make it even more demanding. By 2040, the value of bitcoin may reach about $ 60,000.
The biggest move in the history of bitcoin prices
The price of Bitcoin has experienced a lot of fluctuations in general. In December 2017, the price of Bitcoin was close to $ 20,000, and then in April 2018 it reached $ 7,000 and by November 2018 it was below $ 3,500. This year you will experience the steady growth of Bitcoin and other digital currencies. According to enthusiasts and traders, Bitcoin eventually intends to reach higher prices in the future. With these interpretations, if these predictions come true, it is not bad to think about buying bitcoins now and get started.
Have you ever considered buying and selling digital currencies? Have you had the experience of buying or selling bitcoins or other digital currencies? Please share your experiences and opinions with us at the price of comments
