Bitcoin is everyone’s favorite cryptocurrency due to its volatile nature. When I wrote this article, it has been up nearly 500% compared to its value one year back. So I will show you the bitcoin price prediction in the next few years.

Bitcoin still holds more than 40% of the cryptocurrency market. Both retail and industrial investors are bullish on this asset.

What Determines The Value Of Bitcoin?

As is with most cases, the Bitcoin price is determined by demand and supply. When transactions are performed on the network, it can generate more bitcoins. This affects the collection of the coins. There is only 21 million Bitcoin that will ever be mined, and thus there is a limit.

The code of Bitcoin is such that, as time passes, the rate of generation of Bitcoin reduces. The rate of the generation of Bitcoin changed from 6.9% (2016) to 4.4% (2017) to 4.0% (2018). So, when the demand increases and the supply cannot keep up with it, the price of Bitcoin is bound to increase.

So, to keep Bitcoin stable, the demand for it should increase with supply. This is very hard, and hence the market is as volatile as they are.

What Drives The Demand?

The number of investors in this new digital asset is increasing day by day. It’s the new gold, as they call it. Also, major companies like Apple pay, PayPal, Tesla, Oracle, Mastercard, Amazon are having a bullish impact on crypto. There are many advantages to this instantaneous, decentralized currency.

Like, when Tesla announced that they would accept Bitcoin as a form of pavement, Bitcoin followed a bullish trend. This increases the demand for Bitcoin. Similar instances had happened when S&P Dow Jones released a Bitcoin Index, NFT’S started booming, governments move towards creating their cryptocurrency, etc.

But these companies can also be responsible for decreasing the value of Bitcoin. Like when Tesla announced it no longer will accept Bitcoin as a form of payment. This short statement ended the bullish trend. The Cryptocurrency giant hasn’t been able to return to its former glory ever since. This is shocking and proof of the volatility of cryptocurrencies.

Bitcoin price prediction 2025

Many well-recognized individuals are coming forward to give their predictions on the future value of Bitcoin. Many of them support the idea that it will cross a quarter of a million-dollar mark by the year 2025. Some even predict that it will cross the $1 Million mark in the coming years.

Winklevoss Twins have said that the value of Bitcoin will reach $500,000 by the year 2030. This will increase the market cap of Bitcoin to $9 trillion and will set it on par with gold.

Many websites carry out technical and fundamental analyses to predict the value of Bitcoin over the years.

Trading beast

Trading beast is one of the sites which predicts the value of Bitcoin by doing technical analysis. They use simple linear and polynomial regression to indicate the value. These are the methods used in statistics to find a relation between 2 variables and predict the future of the variable.

The predictions change every day with the change in the value of Bitcoin. So there is no fixed estimate of the matter. On 18th May, Trading Beast predicts that Bitcoin will reach a maximum of $107 K by the end of 2024.

Wallet Investor

This is another site that carries our prediction for many digital currencies. But, unlike Trading Beast, you will need to buy their premium plan to have access to 5 Years of prediction data. The predictions are based on intelligent technical analysis, which is updated every 3 minutes.

Digital Coin Price

This is a site that makes predictions based on historical data and fundamental analysis. Currently, as it stands, it predicts that by the year 2025, the value of Bitcoin will be around $138K. They also answer some FAQs, whose answers are updated regularly.

All of the predictions are indicating that the value of Bitcoin will rise. Also, the increase in the invention of decentralized applications will only help this. Also, with the rise in cryptocurrencies, it will be accepted by the mass majority, which will eventually drive the demand and the value up.

Disclaimer:

That's all of the bitcoin price prediction. This article is only for information purposes. It should not be taken as a guide for investment. If you want to invest in Bitcoin, please visit our crypto market page.


*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all other cases, legal action will be taken due to copyright infringement.