Various forecasts about the future of the main cryptocurrency appear on the daily. The authors writing these predictions are major investors and financiers, practicing traders and brokers, industry analysts and public figures, high-ranking officials and other types of experts. We have collected the most interesting BTC price forecasts for the period until 2030 from the crypto community’s most respected representatives, dividing them into optimistic and pessimistic ones.
Optimistic Forecasts
The vast majority of predictions about the fate of Bitcoin are optimistic. The only difference is the scale of the optimism. For example, Finder, a major London-based credit broker, in July 2021 presented a forecast of Bitcoin’s fate for the next decade. 42 experts from traditional finance, fintech and academic world contributed to the forecast. The key figures of this document, which represent the average of all the opinions gathered, are:
- 2021 is expected to end at $66,284 per BTC.
- The price of BTC will increase up to $318,417 by December 2025.
- BTC price will be $4,287,591 by December 2030.
Among the experts surveyed, 54% agree that Bitcoin’s capitalization will exceed all other financial markets combined by 2050. However, it should be noted that 44% of experts believe that Bitcoin will never acquire such a scale.
Among the main drivers of growth, experts highlight the following:
- Limited issuance
- Association between the terms “cryptocurrency” and “Bitcoin”
- Media attention, cheering news
- Availability, cross-border and liquidity
- Gradual acceptance and increasingly widespread use
- Upcoming technical developments
In his report, Mike McGlone, a Bloomberg analyst, predicted that BTC will rise to $100,000 by 2025. Among the reasons for such growth, Mike cited the depreciation of fiat currencies due to the short-sighted monetary policies of a number of states and the gradual acceptance of cryptocurrency by society, particularly by institutional investors. The report was released in early October 2020 and forecasted the growth of BTC price to $14,000 by the end of 2020, while the real Bitcoin price in the morning of January 1, 2021 exceeded $29,300, so there are reasons to consider Mike’s forecast even slightly restrained.
The head of the Kraken crypto exchange Jesse Powell predicted the growth of Bitcoin (BTC) value to $1 million over the next 10 years. This prediction was made in an interview with Bloomberg on March 4, 2021, when Bitcoin was on the rise.
Blockstream CEO Adam Back, in an interview with Anthony Pompliano on August 26, 2021, predicted that the price of BTC will exceed $100,000 at the end of 2021, and in the longer term, the value of BTC will also exceed $500,000.
A major study by Crypto Research was published in June 2020. Analysts predicted a sharp rise in the price of BTC to $341,000 by 2025; in the next five years, the growth rate should slow down and by 2030 the price of BTC will be about $391,000.
Less optimistic forecasts converge on a price of $100,000 to $200,000 after Bitcoin halves in 2024. However, Bitcoin (BTC) cannot be considered outside the context of the global economy, which hasn’t stopped storming since 2008, so the situation could change rapidly and significantly.
Pessimistic Forecasts
Almost all pessimistic predictions are that Bitcoin (BTC) is a “bubble that will burst.” An alternative view is that the leading cryptocurrency will be deliberately “strangled” by state regulators who fear competition. The already mentioned Finder study listed the weaknesses of Bitcoin (BTC), including:
- Scalability issues
- Excessive energy-consuming mining
- Competition from altcoins
- Increased attention from regulators
- Media attention, negative news
- Decentralized governance and disagreement in the community
- Niche, limited adoption and accumulation instead of use
Predictions of a decline in the BTC price in the long term are non-existent. In 2021, negative forecasts were heard only from JP Morgan analysts and concerned the short-term prospects of the cryptocurrency, predicting a decline in the price of BTC to $20,000 by early 2022. In general, skeptics have either changed their attitude to Bitcoin or criticized its device and the speculative nature of value formation but no longer express categorical doubts about the prospects of the main cryptocurrency in the future.
