Bitcoin was created in 2009 based on a white paper published by the mysterious Satoshi Nakamoto. Bitcoin is still the largest cryptocurrency in the world by market capitalization, followed by Ethereum and Ripple . In this article, “Bitcoin,” with a capital “B,” refers to the technology or currency as a whole; ‘bitcoin’ and BTC refer to units of the currency.
The key attributes of Bitcoin are:
- Bitcoin is a decentralized digital currency.
- Transactions are verified on the blockchain.
- A finite amount of BTC is released to the market through mining.
BTC price history
The Bitcoin price has seen many changes. In 2010, a single bitcoin was worth less than $0.25. Over time, Bitcoin went from an obscure technological topic to a mainstream phenomenon as businesses began to take notice.
In November 2017, Bitcoin price jumped to over $11,000 and hit an all-time high of around $20,000 the following month. This price remained the highest until December 2020, when its price reversed to create a new high just a few dollars higher. Now, Bitcoin’s price is currently above $40,000, and those who got into Bitcoin early and stuck with it have benefited from a massive return on investment.
Bitcoin (BTC) price prediction for 2040
In 2020, Bitcoin made headlines around the world when it hit an all-time high in December. As expected, the $20,000 region acted as resistance and the price turned sharply corrected to $17,000 immediately after pushing it. At that time, the world was on its toes for the next bull run, and it was not disappointed. Bitcoin broke the new resistance and saw growth until 2021. In November 2021, Bitcoin created a new all-time high at $69,000.
To get a glimpse of the future predictions for Bitcoin, we will look at the latest analyzes and opinions of the most famous business leaders and authors in the crypto sphere. always keep in mind that it is forecastsand nothing is guaranteed ! We will never repeat it enough.
Tom Lee’s Bitcoin Price Predictions
Tom Lee is a expert in crypto trading who worked at JP Morgan before co-founding Fundstrat, where he works as head of research. In a recent interview, he was asked about his thoughts on the price of Bitcoin, and he was very optimistic to say the least.
So, maybe Bitcoin is in that $200,000 range. I mean, I think it’s doable, and I know it sounds fantastic, but it’s very useful.
The next 10% move (by July) in the S&P 500 is…
— Thomas (Tom) Lee (not the drummer) FSInsight (@fundstrat) April 9, 2022
Willy Woo’s Bitcoin Value Predictions
Author and trader Willy Woo claims that Bitcoin is now a mature asset, and he believes the price of BTC may hit $100,000 sooner than most think. He explains that he doesn’t expect the price to consolidate and sell off for years like it did after the surges in 2013 and 2017.
Max Keizer’s Bitcoin Price Predictions
American broadcaster Max Keizer recently made a Bitcoin price prediction for 2020 on his regular financial analysis show, The Keiser Report. Much like Tim Draper’s forecast, Keizer predicted that BTC’s value would rise during and after the coronavirus market crisis, and as we have seen, bitcoin price did just that.
In July, Max was asked for his Bitcoin price prediction. He claimed that the price of BTC would increase 40 times, and at the time Bitcoin was trading around $50,000.
I predict – and this is not just the ultimate use case but the ultimate irony – that once people realize they can’t get gold, they’ll start flocking to Bitcoin.
According to Keizer, a run for gold by the rich will leave Bitcoin as the most viable refuge for many.
In an interview, Keizer quadrupled his BTC price prediction, saying the first cryptocurrency would hit $400,000.
I am officially raising my target for Bitcoin – and I first made this prediction when it was $1. I said it could be up to $100,000 — I’m raising my official goal for the first time in eight years. I’m increasing it to $400,000.
Tone Vays Bitcoin Price Predictions
Cryptocurrency trader Tone Vays provides almost daily Bitcoin price predictions on Twitter and isn’t afraid to criticize the economic orthodoxy of Forbes and the mainstream media.
Vays also criticized Tim Draper’s predictions as “irresponsible”. But future Bitcoin price predictions from Vays are optimistic. It provides that Bitcoin could hit $100,000 in 2022.
#Bitcoins Consolidate well for a Pophttps://t.co/PNj8QvJg6R
— Tone Vays (@ToneVays) April 10, 2022
Smartereum Price Prediction for 2022, 2023, 2025, 2030, 2040
A writer from crypto news site Smartereum suggested that Bitcoin is not mature enough for traders to claim we have peaked. They predicted that Bitcoin would likely reach $500,000 over the next few years, but warn that regulations and sentiment can also negatively affect the price.
Trading Beasts price prediction for 2022, 2023, 2025, 2030, 2040
TradingBeasts specializes in price predictions for digital coins. TradingBeasts predicted that the average Bitcoin price will fall in 2020then make an impressive recovery and will double by 2023. In 2021, we saw the accuracy of this prediction. Here is what the average Bitcoin price prediction in December will look like in the coming years according to them:
- 2022: $38,063,850
- 2023: $33,217,918
- 2024: $52,791,140
- 2025: $67,282,151