Bitcoin Price Analysis in 2020\2025: How Much Might Bitcoin be Worth?

  • Eric Eissler
    ⭐ Features

    The general consensus is positive that Bitcoin will go up, but no one can accurately make a prediction


Bitcoin Price Analysis in 2020\2025: How Much Might Bitcoin be Worth?

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Bitcoin has been one of the biggest investments of the century, perhaps even the millennium. When it debuted in 2009 it was worth a mere $0.06 per coin, now it is currently $8,500, and it topped out at about $20,000 per coin.

Sure, since it peaked back in December 2017, it has lost more than half its value, but people are more confident in Bitcoin than ever and it has moved from deepest reaches of the dark web to the mainstream.

People are betting and believing in Bitcoin in a big way. It is here to stay with lots of confidence behind it.

Bitcoin future price prediction

Everyone wants to know where Bitcoin is headed. Many early investors made millions and now they want to do it again and newcomers want to replicate that big gain that can mint them as millionaires, too. There is much speculation as to where that price will go; most think it can only go up due to more interest--demand in this instance--and it is a limited supply of only 21 mln coins. Let’s look at some prediction of bitcoin price over several periods.

👉MUST READ

What Will Happen When All 21 Million Bitcoins Are Mined?

What Will Happen When All 21 Million Bitcoins Are Mined?

Bitcoin prediction 2020

Within the next two years, there are some wild price predictions out there. John McAfee, the founder of McAfee Associates, a computer security software company, originally said that Bitcoin would rise to $500,000 by 2020. Later, he doubled down and said it would reach $1 mln by 2020 and also bet that if it didn’t he would dine on his own man parts if he was not correct. That is a bet not many are willing to make, so this proves his confidence in Bitcoin to soar!

Tom Lee, co-founder of the market strategy firm Fundstrat Global Advisors, wagered that his Bitcoin 2020 prediction would be able to make it to $91,000 by 2020, perhaps a bit more of a reasonable guess given Bitcoin’s bull-bear dielectric movement.

A third, rather conservative compared to McAfee’s wager, is $50,000 put forth by Ronnie Moas. He is the founder and director of research at Standpoint Research, an accounting firm for traditional investments. These more conservative figures seem more realistic that these cries that Bitcoin is going to the moon and will be millions. That just does not seem possible. However, let’s not rule it out completely, because in this world almost anything impossible can happen.

Bitcoin price prediction 2025

Looking back at charts depicting Bitcoin’s meteoric rise over a short time, one starts to question how to really make an accurate prediction the further you move away from the present. Given Bitcoin’s volatility, it is easy to guess that by 2025 it could be worth as much as $150,000 per coin if some of the conservative predictions manage to come to fruition.

However, some true believers out there feel that Bitcoin’s price could hit $500,000 by 2025! McAfee’s bet is still not looking good, his original price prediction of $500,000 in 2020 is five years past the cutoff date!

Bitcoin price prediction 2030

Even further out, the Winklevoss twins, famous Bitcoin millionaires, proclaim that the market cap for Bitcoin will reach $5 tln by 2030. At this time point, there is much uncertainty in the Bitcoin future predictions.

What is pretty certain is that Bitcoin is here to stay. It has a lot going for it to keep it around for a long time to come. Infamous founder of Megaupload, Kim Dotcom, think Bitcoin will soar to $100,000 by 2030. Finally, Hamath Palihapitiya, the founder of Social Capital and co-owner of the Golden State Warriors, has a Bitcoin rate prediction that it will hit $1 mln per coin after 2030.

👉MUST READ

How Does Cloud Mining Work?

How Does Cloud Mining Work?

Bitcoin staying power attributes

The following three factors will support Bitcoin in the long run. These attributes make Bitcoin what it is and will maintain it. These coupled with general recognition, are only positives for Bitcoin, making the Bitcoin prediction in 2020 all the more possible.

  • First cryptocurrency: Bitcoin was the first crypto and has been around the longest, it has the first mover prowess.

  • It’s all in the name: Bitcoin is well, just that. It has instant name recognition, it markets itself.

  • Name association: mention Blockchain or cryptocurrency and people instantly think of Bitcoin

Big Bitcoin bosses weigh in

Below is a list of some of the biggest names in Bitcoin and crypto and that they think about the impending growth.

  • Wences Casares – $1 mln (by 2027)

  • Chamath Palihapitiya – $1 mln(by 2037)

  • John McAfee – $500,000 (by 2020)

  • Jeremy Liew – $500,000 (by 2030)

  • Mark Yusko – $400,000 (no date)

  • Roger Ver – $250,000 (no date)

  • Kay Van-Petersen – $100,000 (by 2027)

  • Tom Lee – $91,000 (by 2020)

  • Tai Lopez – $60,000 (mid-term)

  • Ronnie Moas – $50,000 (2020)

  • Thomas Glucksmann – $50,000 (2018)

  • Ran Neuner – $50,000 (end of 2018)

  • Masterluc – $40,000 to $110,000 (by 2019)

  • Mike Novogratz – $40,000 (by the end of 2018)

  • Trace Mayer – $27,395 (by Feb 2018)

  • Winklevoss Twins – $5 tln market cap (by 2028 – 2038)

Bitcoin will come back

Now, looking at the information presented above, there is a lot of positive belief that Bitcoin is going to go up, up, up - maybe to the Moon as some have quipped. However, there are the naysayers, the ones who think Bitcoin will crash and burn and return to being worth pennies.

However, they are probably just jealous that that missed out on the first big rally round to make millions. The big suggestion here is to jump on the next tide and ride the wave high, don’t be a hater.

Cover image via www.123rf.com
Only the most important posts per day. Infographics, analytics, reviews & summaries. Follow us on Facebook!

About the author

Eric Eissler is based in Chicago and works in higher-education administration and finance. He is a freelance writer covering blockchain technology, fintech, cryptocurrency, the oil and gas industry, and international politics.

👓 Recommended articles

BTC, ETH, XRP Price Analysis — Bitcoin Has Reached $200 Bln Market Cap. Rates Are Moving Higher

  • Denys Serhiichuk
    ⭐ Features

    Slowly but surely, the market is going north. Our price analysis describes when to expect a possible correction


BTC, ETH, XRP Price Analysis — Bitcoin Has Reached $200 Bln Market Cap. Rates Are Moving Higher

It looks like the cryptocurrency market is not going to face any correction, as Bitcoin, along with the top 10 coins, is going up. Only the price of Binance Coin has dropped by around 0.5% over the past 24 hours when the biggest gainer is BTC, whose rate has increased by more than 4%. The ongoing market growth has affected the total market capitalization, which has gone up by $10 bln over the previous day. 

Cryptocurrency market capitalization by CoinMarketCap

While Bitcoin is moving north faster than other coins, its dominance rate is approaching 60% and now makes up 59.7%. 

BTC/USD

Currently, Bitcoin is not following our earlier scenario, as the quotes are located above $11,000. While trading above $10,000, the main cryptocurrency has not faced a correction, suggesting a possible rollback soon.   

BTC/USD chart by TradingView

On the daily chart, one can expect a sideways trend and a fix above $10,000. Such a movement is confirmed by the trading volume, which is in stagnation now. What is more, the RSI indicator is overbought, rejecting any movement higher $12,000 without a rollback.

👉MUST READ

Bitcoin Price Analysis in 202025: How Much Might Bitcoin be Worth?

Bitcoin Price Analysis in 202025: How Much Might Bitcoin be Worth?

The price of BTC is trading at $11,310 at the time of writing.

ETH/USD

ETH quotes also moved higher, catching up behind Bitcoin; however, the leading altcoin is losing its value in correlation to BTC. 

ETH/USD chart by TradingView

According to the 4-hour chart, bulls are not going to give the baton to bears. Comparing Ethereum with Bitcoin, the second most popular crypto has lost around 50% of its price over the last year. Respectively, the current rate is not the ceiling, and the asset has strength to rise higher. Thus, the MACD indicator confirms the bullish tendencies, suggesting the growth up to $320 until the end of June.

👉MUST READ

ETH Price Is Heading to $400 Mid-Term Level: Why Are Most Traders Bullish?

ETH Price Is Heading to $400 Mid-Term Level: Why Are Most Traders Bullish?

The price of ETH is trading at $313.15 at the time of writing.

XRP/USD

Ripple is moving according to our forecast yesterday; its rate has increased by 1.6% over the last 24 hours. 

XRP/USD chart by TradingView

On the 30 minute graph, Ripple is likely to locate in a sideways trend in the range between $0.4520 and $0.49. The technical patterns back such price movements of XRP. Mainly, the MACD indicator is near its local maxima, and RSI remains neutral. While the asset is above $0.45, there are no prerequisites for a decline. 

The price of XRP is trading at $0.4715 at the time of writing.

Cover image via 123rf.com
Join our Telegram channel to get news even faster!

About the author

Being a passionate blockchain enthusiast Denys has a vast experience in сryptocurrency market analysis, as well as blockchain related projects. All this is backed up by his working at W12 platform, Platinum Listing & ICO Advisory company, Export.Online and many others.

👓 Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings