Veteran global investor, Mark Mobius, the billionaire founder of Mobius Capital Partners, already predicted a huge fall in 2022 and said that Bitcoin could even fall till the $10,000 range.
The price of bitcoin, the most popular cryptocurrency, dropped below $16,000 in November 2022, a year after it reached a record high of $69,000. Things have started looking up in 2023 and it's currently worth around $30,000, but the digital currency was on a downward trajectory throughout 2022.
The research report put together by Ark Invest sees Bitcoin hitting price targets in 2030 of $258,500 in the bearish forecast, $682,000 in the average market and $1.48 million in a bullish market.
Hypothetically speaking, at least, the value of a cryptocurrency can collapse to zero, as witnessed in the Terra Luna price crash. However, for a currency as popular and valuable as Bitcoin, the fundamental foundations are most likely strong enough to withstand most threats and extremely disastrous incidents.
Mark Mobius, the billionaire founder of Mobius Capital Partners, called in early December that Bitcoin will fall further to bottom out at $10,000 in 2023. His reasoning is that the US Federal Reserve's tightening monetary policy and rising interest rates will further scupper the Bitcoin market.
They predicted that Bitcoin could fall to $5,000 levels in 2023. Experts believe that the rising interest rates and tighter monetary policy will not allow Bitcoin to rebound sharply in the near future.
Analysts predict that the price would surge to around $500,000 per coin in 2025 and $1 million per coin in 2030. This tutorial discusses the basis for these predictions for bitcoin prices and looks at different Bitcoin predictions given for Bitcoin prices over the years.
Analysts' views on BTC forecast for 2030
A panel of 55 industry specialists surveyed by Finder in October 2022 expected the coin to surge to $270,722 by December 2030 – less than half than the $567,472 prediction a year earlier.
Bitcoin (BTC) Overview
Bullish Bitcoin (BTC) price predictions range between $124,667.37 and $235,482.80 by 2030. Market analysts believe BTC could reach $96,963.51 by 2025.
Crypto winter is over — and bitcoin could hit $100,000 by the end of 2024, Standard Chartered says. Bitcoin, the world's largest cryptocurrency, has been stealthily rising in 2023. Bitcoin's value could jump to as much as $100,000 by the end of 2024, Standard Chartered said in a note published Monday.
For instance, if you really need the money or cannot afford to lose your investment, it may be time to sell. On the other hand, if you can afford to wait and can risk the loss of your investment, it is worthwhile to hold on to your investment for the long term.
Cryptocurrencies like Bitcoin can experience daily (or even hourly) price volatility. As with any kind of investment, volatility may cause uncertainty, fear of missing out, or fear of participating at all. When prices are fluctuating, how do you know when to buy? In an ideal world, it's simple: buy low, sell high.
The man with the most to lose is Changpeng Zhao, CEO of Binance, crypto's largest exchange, a sprawling global network of murky subsidiaries.
Bitcoin's potential in 2023
It has a large user ecosystem that supports its long-term growth. Furthermore, Bitcoin has one of the fastest-growing cryptocurrencies in the world. All these reasons make Bitcoin a cryptocurrency with much potential, so you should invest in it in 2023.
Despite Bitcoin failing as an inflation hedge in 2021 and 2022, its limited supply may still attract more attention if inflation remains above central banks' targets.
That $1,000 investment would be worth $1,559.04. This represents a hypothetical return of 55.9% over the last five years or an average annual return of 11.2%.
Their confidence in Bitcoin is so strong that analysts at Ark Invest released a report claiming that its price could be worth more than $1 million by 2030. But for Bitcoin to get to that level, it would need to increase by more than 4,000% in just seven years.
After the network mines 210,000 blocks—roughly every four years—the block reward given to Bitcoin miners for processing transactions is cut in half. This event is called halving because it cuts the rate at which new bitcoins are released into circulation in half.
For these reasons, our Bitcoin 2040 price prediction estimates that this digital currency could be valued at $250,000 by the conclusion of 2040. This would represent a growth rate of 1,386% compared to the current price of Bitcoin.
Once the Bitcoin network's supply runs out, miners will still be incentivized to support it. Miners already get paid in transaction fees and Bitcoins. Transaction fees comprise only about 6% of a miner's income. Transaction fee returns are expected to increase exponentially before Bitcoin's supply limit is reached.
Bitcoin exists on the Internet and hence it is immune to being shut down. Unless, of course, you somehow shut down the Internet. But for all intents and purposes, Bitcoin is decentralised and exists in the online world, a feat of technology that makes it resilient to being restrained.
Cryptocurrency may be a virtual currency, but its value can never go negative. In short: The value of a cryptocurrency cannot be worth less than $0.