Bitcoin Price Prediction: The Things You Must Know

The things about Bitcoin price prediction

In this Bitcoin price prediction, we will explore some predictions and help investors better manage their investments. 

How Much Is Bitcoin Worth

With a market capitalization of $1 trillion (as of May 11, 2021), Bitcoin is the most famous cryptocurrency and the bellwether of the market. Bitcoin has had a remarkable rise in the past decade. What once was a cryptocurrency with no monetary value is now worth $35,000, after correcting from its all-time high of $64,000. 

Speculation on Bitcoin’s price is a heated topic in the crypto community and it is a controversial one. Some analysts suggest that Bitcoin’s long-term value could reach $1,000,000 by 2025 while some think Bitcoin could revisit $15,000 in a few months. 

How High Will Bitcoin Go

At present, the boldest prediction places the price of Bitcoin at $1 million by 2025. Famous crypto analyst PlanB makes this prediction based on his Stock-To-Flow model. The Stock to Flow model measures the abundance of resources. Its ratio is the amount of a particular resource held in reserves divided by the amount of its annual production. The S2F model has made some accurate predictions of the Bitcoin price movement in the past few years. According to the S2F model, Bitcoin is expected to hit $1 million by the end of 2025. 

Bitcoin price prediction

BTC Price Prediction

Although Bitcoin is becoming a mainstream asset, it is still highly speculative and thus when BTC price will reach $100,000 and more is unclear. But if we look back on history, it usually took bitcoin 14-16 months to start a bull run after halving. However, we can expect bitcoin to enter a short-term bear phase with several corrections before making a higher move. 

JPMorgan set the long-term target of bitcoin’s price at $146,000, saying that bitcoin is beginning to compete with gold. According to Nikolaos Panigirtzoglou, global markets strategist at JPMorgan, for Bitcoin’s market cap to compete with that of gold, bitcoin would need to value at $146,000 per coin. 

Bitcoin Cash Price Prediction

Bitcoin Cash (BCH) was created in August 2017 as a fork of Bitcoin. It increases the maximum block size from 1MB to 8MB, making the transaction verification and processing much faster. Bitcoin Cash underwent another fork in November 2018 and split into Bitcoin Cash ABC and Bitcoin Cash SV (Satoshi Vision). 

Bitcoin Cash and Bitcoin use the same consensus mechanism and their supplies are limited at 21 million. Miners usually alternate their mining power between Bitcoin and Bitcoin Cash, whenever which is more profitable. Unlike Bitcoin, Bitcoin Cash is generally used as a currency instead of a store of value. 

The price of Bitcoin Cash is far lower than that of Bitcoin – reaching only $1,640 on May 12, 2021. According to crypto analyst Crispus, the price of BCH has the potential to reach $2,000, based on its daily chart.  

Bitcoin price prediction

After rising above the short and longer-term moving averages, BCH is showing signs to continue its bull run. 

Bitcoin Gold Price Prediction

Forked from BTC in October 2017, Bitcoin Gold (BTC) mainly changes the mining algorithm to avoid centralized computing power problems caused by ASIC mining machines and adjust the mining difficulty.

Bitcoin Gold and Bitcoin use a proof-of-work algorithm but Bitcoin Gold uses Equihash-BTG. It is much simpler for miners to mine Bitcoin Gold as they can use a GPU to do so, which is impossible for mining Bitcoin. BTG does not aim to compete with Bitcoin but other anti-ASIC projects. And it is less correlative to the trend of Bitcoin than Bitcoin Cash.  According to Digital Coin Price, the price of Bitcoin Gold may increase to $449 in the next 5 years. 

Bitcoin Price Prediction 2025

The Bitcoin price depends on many factors: adoption, regulation, and maybe black swan events such as the pandemic. From a viewpoint of fundamentals, Bitcoin is going mainstream and more people acknowledge it as a hedge against inflation. Bitcoin has benefited a lot from mass money printing. But with the Fed planning to increase interest rates in 2022, Bitcoin may suffer and pull back. 

Bitcoin will have its 4th halving in 2024, reducing the newly mined BTC to 3.125 every 10 minutes. By then, Bitcoin will become ever scarcer and valuable. Based on its scarcity and demand, Bitcoin could reach $1 million. 

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Conclusion:When To Buy Bitcoin

It is very hard to time the market on any investment, and the crypto market is very volatile because it is still in its infancy. But Bitcoin has a very promising future and huge room for growth. Therefore, although Bitcoin is much more valuable than it was a few years ago, it is not too late to start investing in bitcoin. 

Bitcoin saw a 50% correction in May and it was a very good opportunity to buy the dip. Besides holding Bitcoin, you can engage in futures trading, which enables you to benefit from the drops and rises of BTC prices. 

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