Historical Data
The famous Bitcoin network was created on 3 January 2009 when Nakamoto mined the starting of the block chain, also known as the genesis block. At that the time the value of one crypto was next to nothing. In dollars, the worth of 1 of these digital coins was just $0.0009 and in Indian currency its value was even less than Re. 1. In 2013 this crypto coin gained its first price hike by opening at $13 and reaching the price of each coin to over $1,000 by the month November. At that time, in Indian currency, the worth of one Bitcoin was around ₹45,000 representing a remarkable trend in just 4 years.
Major fluctuations were seen in the price of each Bitcoin until 2016. The crypto gained momentum in the 4 years period from 2016 to 2020, the worth of one crypto coin was more than $3,700. The increase in the price is remarkable, right? Hold your breath as in 2020 the price of each of these crypto was increased by 8 times, yes 8 times. It was valued at around $28,990 in December 2020. Now the question arises should you invest in this digital asset given its current scenario? Let’s discuss below.
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Current Scenario and Price Predictions of Bitcoin
The majority of investors in digital currency wished that they had invested in Bitcoin when it was valueless. Buying just one of these coins before 2012 would have made you a fortune in today’s era. But it is still late? Currently, one of these crypto is trading at $69,443.16 with a market capitalization of $1,368.17 Billion. After Bitcoin Halving 2024, the current supply stands at 19.70 million. It should me noted that investing in crypto may have its own risks due to the high volatility. However, this crypto coin still offers promising returns if you have enough knowledge and understanding of the complex nature of digital currency.
Our analysis suggests that the price of one these coins will hit at least a million dollars in future. The fact is supported by the statement on the price estimation of the cryptocurrency given by Dorsey, a Wall Street Investment Firm. The minimum price of each Bitcoin is estimated to be around $764,391.55 in 2030. The price is dependent on certain market conditions such as economic stability, micro environmental strength and positive economic data. A strong bullish market in the trading value of this digital asset can be easily seen making the digital currency of gold standard of cryptocurrencies.
Bitcoin Price Prediction 2030 Breakdown
End of 2024
The crypto coin regained its bullish potential in March 2024 with an increase in its price. Given the current Bitcoin Halving procedure and layer 2 advancements of the cryptocurrency the investment opportunities for Bitcoin are high. Our analysis suggests that by the end of 2024, that this crypto will close at around $70,000 to $75,000.
End of 2025
Even by the end of 2025, there is a high possibility that the price of this digital crypto asset can reach more than a million dollars. This will be due to the significant impact of Bitcoin halving in 2024 making the market more bullish. The price will open at around $120,000 to $125,000 at the beginning of 2026 offering a strong positive momentum.
End of 2026
The past trends outline that the value of this crypto decreases every 4 years. Our insights predict that the price of this asset can decrease in 2026 to as low as $54,000 during the beginning of the year. However, by the end of 2026, the worth of Bitcoin will gain momentum once again resulting in a price of more than $78,000.
End of 2027
With increasing momentum, the cost of this digital asset will surge at the beginning of 2027 leading to a valuation of more than $72,000. Given the strengthening economic development and favorable micro and macro environmental impact the cost of one Bitcoin will reach around $85,000 to $90,000.
End of 2030
The trend analysis of Bitcoin indicates that the value of each crypto will reach new heights. A whopping surge is expected leading to a cost of around $145,000 to $150,000, given the possibility of a successful Bitcoin Halving 2028. At the beginning of 2030, the value of this asset is analyzed to open at around $1,00,000.
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