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What is the predicted price of BTC tomorrow?

Jurrien Timmer, Director of Global Macro at Fidelity Investments, thinks the value of a single Bitcoin could reach $1 billion by the year 2038 — 2040. Back in 2009 when Bitcoin was first released, visionary cryptographer and Bitcoin pioneer Hal Finney boldly predicted that each Bitcoin could one day reach a staggering $10 million in value. The Nakamoto Portfolio Theory is a set of frameworks to help investors understand the impact an emerging asset like Bitcoin has a portfolio allocation. Another factor Powell sees boosting bitcoin’s price is the anticipation of a bitcoin strategic reserve in the U.S.

Expert Price Predictions:

• This dip can take BTC to as low as $51,466 by the end of 2026 or early 2027.
• While reaching $1 million seems unrealistic, some experts believe it is possible, especially if Bitcoin continues to gain institutional support and becomes more widely accepted as a global financial asset.
• Ultimately, if and when BTC resolves higher, it should trigger a new alt season.
• By 2028, Bitcoin’s integration with centralized financial systems could expand.
• Tim Draper, a well-known Venture Capitalist, remains optimistic that Bitcoin could reach $250,000 by 2025, pointing to the growing adoption of Bitcoin by both retailers and consumers.

Palihapitiya emphasizes the growing interest and adoption of Bitcoin by institutional investors. The involvement of major financial institutions, such as Tesla, MicroStrategy, and PayPal, has contributed to Bitcoin’s legitimacy as an investment asset. A central tenet of Palihapitiya’s thesis is Bitcoin’s limited supply cap of 21 million coins, which ensures its deflationary nature. This scarcity is expected to intensify over time predictions point to bitcoin as the maximum supply limit approaches, a factor that could inevitably drive Bitcoin’s price upwards as demand continues to rise. Bitwise analysts cite US fiscal instability and Trump’s proposed tax cuts as key drivers supporting their $230,000 “fair value” assessment.

Weekly chart analysis of Bitcoin

“We see Bitcoin ETFs as on the cusp of approvals at major wirehouses and large private bank platforms in the third and fourth quarters,” wrote Bernstein analysts Gautam Chhugani and Mahika Sapra in a note to clients. Max Keiser, a seasoned financial broadcaster and Bitcoin advocate has long been known for his outspoken and sometimes controversial predictions. Elitsa Taskova, chief product officer of crypto lending platform Nexo, is more bullish on bitcoin’s 2025 prospects than the general consensus.

Technical & Fundamental Analysis

Once these institutions begin allocating funds to bitcoin, their propensity to hold may establish a significant floor price for BTC, potentially driving its value exponentially higher. Nevertheless, it is possible that this process will not be fully realised for several years. Following the halving in 2020, bitcoin soared from $8,000 to nearly $69,000 in April 2021, signifying a 650% rise.

Macro-Economic Factors

Bearish analysts caution against over-exuberance, highlighting macroeconomic risks like tightening monetary policies and potential regulatory crackdowns. A historical correlation with M2 suggests that bitcoin may depreciate as monetary conditions tighten. Many investors view the halving event as one of the most significant factors that affects bitcoin’s price.

• The other key moment in 2024 was the halving, an event that takes places every four years and reduces the supply of bitcoin onto the market.
• Fear, uncertainty and doubt (FUD) about quantum computing’s impact on bitcoin’s security has recently resurfaced in mainstream discourse.
• Investors should approach this asset with a long-term perspective, recognizing it as a tool for generational wealth in an era where financial innovation and sound money converge.
• Standard Chartered revises its bitcoin price prediction to $120,000 by 2024, attributing bitcoin’s resurgence and potential miner hoarding due to increased profitability per BTC mined.
• At PrimeXBT we offer our users a wide range of Bitcoin investment products with access to the markets in a safe environment.
• When acquiring our derivative products you have no entitlement, right or obligation to the underlying financial asset.

The approval of multiple spot bitcoin ETFs by the SEC was a pivotal moment, ushering billions in new liquidity and normalizing bitcoin as a legitimate investment vehicle. While the future of Bitcoin is unknown, retail investors must be very cautious about every move of Bitcoin, as it has witnessed tumultuous before. Moreover, India’s stance on cryptocurrencies continues to be firm, with the government bringing all crypto-related transactions under the ambit of the Money Laundering Act. Despite the challenges of the previous year, Bitcoin continued to demonstrate resilience in 2023. Prices stabilized around $40,000 to $60,000 per BTC, as the cryptocurrency found support from institutional investors and retail traders alike. The focus shifted towards addressing scalability and sustainability concerns, laying the groundwork for future growth and adoption.

Post this low, you can expect BTC to scale new highs, something that happened 18 months after the 2020 halving event. And while we have zeroed in on the average price percentage for a drop at 72.51%, the dips aren’t usually that pronounced at least six to 18 months after a halving. Assuming BTC moves to $77021 in 2024, the next low or the minimum price of Bitcoin for 2025 can be expected to take support near the $59537 level mark. Using the data points from earlier, we assumed that the lowest percentage drop could be 72.51% from this level. Looking closely, you might notice a similar trend forming with A1-B1-C1 already in.

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Recent advancements like the Lightning Network and rising institutional adoption from entities like BlackRock and Fidelity further solidify Bitcoin’s role in the evolving financial ecosystem. The next five to ten years could see Bitcoin reaching new milestones, driven by factors such as increased institutional investment, advancements in blockchain technology, and widespread adoption as a digital asset. It’s possible that Bitcoin could surpass traditional financial systems in terms of efficiency and trust, contributing to its long-term price appreciation.

The latest forecastsfrom Bitwise suggest that Bitcoin’s fair value could reach as high as $230,000by the end of 2025. Swan Bitcoin does not provide any investment, financial, tax, legal or other professional advice. We recommend that you consult with financial and tax advisors to understand the risks and consequences of buying, selling and holding Bitcoin. Despite the vastly different timeframes of these predictions, the overall consensus points toward a positive trajectory for Bitcoin. The once audacious projections of early visionaries like Hal Finney are beginning to warrant serious consideration. Adam Back, CEO of Blockstream, suggests the recent spot Bitcoin ETF approval could boost Bitcoin’s price to $100,000 in the very near future.

By 2027, Bitcoin could become a mainstream asset, with widespread adoption across various sectors. Price predictions suggest steady growth, but regulatory changes and market fluctuations could impact Bitcoin’s value. The upcoming US inflation data (CPI) is expected to ease to 2.6% in August from 2.9%, ahead of the Federal Reserve’s monetary policy meeting. Depending on the CPI results, the Fed may cut interest rates by 25 or 50 basis points. A lower inflation figure could lead to increased liquidity, benefiting risk assets like Bitcoin and pushing its price toward $60,000. However, too-low inflation could revive recession fears, negatively impacting Bitcoin, while unexpectedly high inflation may trigger a sell-off.