Bitcoin (BTC) Price Prediction 2023-2040

Last revised: Nov 17th 23 1:55:01 pm

Bitcoin has been one of the best-performing assets of the past decade, gaining over 58,590,000% since it first started trading in the early 2010s. Taking into account adoption curves and the growth potential of disruptive technologies like the internet and the smartphone, most Bitcoin price predictions for 2040 and 2050 are bullish. But how high can the price of Bitcoin go in the coming decades? We aim to answer this question in the following sections as well as outline Bitcoin predictions made by some of the most prominent figures in the crypto space. Bitcoin price prediction key takeaways: Bitcoin's price increased on average by 22% annually in the past five years and more than 580,000x since 2010 Some analysts predict that Bitcoin could reach or even surpass a $1 million price tag in the future The long-term BTC price forecast is typically based on growth trajectories of disruptive technologies in the recent past The accuracy of long-term BTC price predictions hinges on the future growth of Bitcoin users, broader crypto adoption, and successful implementation of scaling technologies like the Lightning Network 2024 2030 2040 2050 BTC price prediction (5-year AVG.)* $35,748 $143,806 $1,050,000 $7,670,000 BTC price prediction (S&P 500 historical ROI)** $32,760 $71,521 $218,197 $665,683 *Price data was derived from Bitcoin’s average annual rate of return over the past 5 years. **Price data was derived from the S&P 500’s average rate of return over the past 66 years. Bitcoin price history The first recorded Bitcoin trades date back to 2010, just 2 years after the first ever peer-to-peer (P2P) digital currency was envisioned by the Bitcoin creator Satoshi Nakamoto. According to our data, Bitcoin was changing hands at around the $0.05 mark at the time. Fast forward to today, the price of Bitcoin is roughly $29,300, meaning that BTC is trading over 580,000 higher than when it first started changing hands more than a decade ago. Bitcoin's historical quarterly prices Bitcoin finished the years in the red zone in just 3 of the past 13 years. While Bitcoin's price history isn’t and shouldn’t be considered a direct predictor of the future, it can serve as a useful tool to gauge Bitcoin’s price potential in the future. In other words, we can take various data points – like the number of holders, number of addresses, general adoption, etc. – throughout Bitcoin’s history and use them as a measure of what Bitcoin’s price could look like in the future based on these data points. The main drivers behind Bitcoin’s price Before we dive deeper into how the BTC price could move in the future, let’s first outline some of the most important factors that have a direct impact on it. Bitcoin price prediction based on tech growth One of the most popular approaches to predicting the future price of Bitcoin is to use past tech growth as a basis. The number of users Arguably the most important factor that’s driving the price of Bitcoin is the number of users. Since the total amount of Bitcoin to ever exist is capped at 21 million, it is widely believed that a growing number of users pushes the price higher due to basic supply and demand market forces. According to Statista, the number of identity-verified crypto asset users has grown from 101 million in Q3 2020 to 402 million in Q3 2022, an increase of over 300% in just two years. Not only is the number of users on the rise but there is also ample room for growth in the future. In addition, Bitcoin becoming legal tender in more countries (currently, El Salvador is the only nation to declare BTC legal tender) would greatly increase the number of users. Crypto adoption The adoption of crypto goes hand in hand with the number of users. However, crypto adoption is a broader term that encompasses various use cases, including remittance and e-commerce. Some Bitcoin supporters believe that Bitcoin could eventually displace gold as the world’s leading store of value among central banks and overtake a big chunk of its $14 trillion market cap. Bitcoin taking the role of gold in international banking and trading would be the most optimistic crypto adoption scenario. Additionally, the proliferation of scaling technologies like the Lightning Network could also greatly boost the adoption of BTC and crypto as a whole. Bitcoin halvings Historically speaking, the price of Bitcoin and the broader crypto market performance has been tethered to the Bitcoin halving cycles. Bitcoin halvings are preprogrammed events that reduce the rewards for mining a new Bitcoin block by 50%. The next halving is predicted to take place in the spring of 2024. Beyond that, an additional 29 halvings will occur before the last Bitcoin is mined sometime in the year 2140. Bitcoin price prediction for 2040 If we take Bitcoin’s average yearly rate of return in the past five years (which is roughly 22%) and project it on future price movement, the price of Bitcoin could increase to $1,050,000 by 2040 – more than a +3,480% increase from its current price of roughly $29,300. Bitcoin price prediction for 2040 The price of Bitcoin could reach as high as $1,050,000 by 2040 if the currency continues to grow at the 5-year average annual rate of ~22%. Granted, the above approach is quite simplistic and doesn’t account for nuanced factors, but it can serve as a good starting point. In the end, Bitcoin’s price performance and potential as a good investment hinges on the broader economy and geopolitical factors. If you want to set different rate of return figures or change the investment in Bitcoin so that it reflects your situation, give our Bitcoin profit calculator a try. Bitcoin price prediction for 2050 Similarly to the prediction for 2040, we’ve used Bitcoin’s 5-year average annual return of about 22% to calculate what the price of Bitcoin would be in 2050 based on these parameters. According to the calculation, Bitcoin’s price could increase to $7,670,000 by 2050 and grow by more than +26,070% over the next 27 years. Bitcoin price prediction for 2050 Bitcoin could become a multi-million dollar asset by 2050. It could easily be argued that a 22% yearly return over nearly 30 years is not realistic. For this reason, we tried to project the price of Bitcoin using the multi-decade return of the popular S&P 500 stock index, which has returned a historic annualized average ROI of around 11.88% since its 1957 inception through the end of 2021. Using those parameters, the price of Bitcoin could reach $665,000 if it follows the multi-decade rate of return of the S&P 500. What the analysts are saying Here are several price targets for Bitcoin made by some of the most prominent individuals and institutional investors in the cryptocurrency market. Kraken CEO Jesse Powell: $1,000,000 BTC in the next 10 years is "very reasonable" In an appearance on Bloomberg TV last year, Kraken CEO Jesse Powell stated that Bitcoin could reach the $1,000,000 price tag in the next decade. Powell said that the devaluation of fiat currencies and a search for a more stable reserve asset would drive the price: "I think, in the near term, people see it surpassing gold as a store of value. So, I think $1 million as a price target within the next 10 years is very reasonable.” Galaxy Digital Holdings CEO Mike Novogratz: BTC to hit $500,000 by 2027 due to increased institutional adoption When interviewed at the 2022 Blomberg Crypto Summit last July, Mike Novogratz stated that he sees Bitcoin reaching $500,000 “in the next five years or so.” Novogratz, one of the most prominent crypto investors and the CEO of Galaxy Digital, believes that the ramp-up in Bitcoin’s price will come largely from an influx of new institutional investors, which could trigger the next bull run. BitMEX co-founder Arthur Hayes: BTC will reach $1,000,000 as a result of economic sanctions levied against Russia In April 2022, BitMEX co-founder Arthur Hayes stated that Bitcoin would reach $1 million due to sanctions levied against Russia by the Western powers. Similar to Powell, Hayes believes that Bitcoin will eventually serve as a backbone of a new, neutral financial system, largely untethered to the US dollar and gold. Hayes explained: “The bear market in fiat currencies will trigger the largest wealth transfer the world has ever seen.” Director of Global Macro at Fidelity Jurrien Timmer: BTC to hit $600,000 by 2028 Jurrien Timmer, Fidelity’s director of global macroeconomics, believes that Bitcoin will follow the adoption curve of historically disruptive technologies, particularly mobile phones. Timmer created a modified stock-to-flow model that predicts Bitcoin could reach as high as $600,000 in 2028. Bitcoin price prediction for 2040-2050: Bullish activity could ramp up significantly before each coming halving Bitcoin price prediction chart for 2040-2050 Our Bitcoin price prediction model predicts the price of BTC to reach a new ATH of more than $98,000 in early 2024. According to our price prediction algorithm, Bitcoin could see a massive move to the top in late 2023 and early 2024, with the world’s largest cryptocurrency reaching a new all-time high above the $84,000 mark. Interestingly, this price activity corresponds with the buildup to the next Bitcoin halving, which has historically been one of the most important drivers behind the price of Bitcoin. Following the next halving, the prediction algorithm forecasts Bitcoin to record similar market movements each halving cycle. By 2040, Bitcoin could surpass $1 million and reach a high point of $1.16 million, which would be a +3,870% increase compared to today's prices. Going further, BTC is expected to break the $1.3 million mark by 2050. Check the video below to see what we can expect from the next halving and why halvings are so important for Bitcoin and the broader crypto market. The bottom line: Bitcoin price is predicted to trend to new heights Several bullish factors could see the price of Bitcoin increasing in the coming years and decades. The rise in crypto adoption, new use cases, and a need for a monetary system untethered to governments and political interests could see Bitcoin skyrocket in value in the future. The above reasons are why Bitcoin is one of the best long-term crypto investments as well as one of the leading cryptos to buy now. It is worth noting that while there is considerable upside potential to Bitocin, no one can know how things will eventually play out, and the currency could never reach the price levels outlined in this article. Ultimately, investing in crypto is a risky business, and the sector could end up looking completely different than it is today in the coming years. Tags: BTCPrice Analysis BTC Bitcoin $ 27,646 -0.19% BUY Download App Keep track of your holdings and explore over 10,000 cryptocurrencies CoinCodex iOS AppCoinCodex Android App CoinCodex All Compound Price Prediction – COMP Price Estimated to Reach $ 47.03 By Oct 15, 2023 4 hours ago | CoinCodex Compound Price Prediction – COMP Price Estimated to Reach $ 47.03 By Oct 15, 2023 Sign up to get a $500 welcome bonus on KuCoin! Join Now! Table of contents COMP price is expected to rise by 14.66% in the next 5 days according to our Compound price prediction COMP Price Prediction Chart What has been going on with Compound in the last 30 days Compound technical analysis for today - Oct 10, 2023 Bearish sentiment for Compound The crypto market is currently experiencing a Neutral Compound moving averages & oscillators The bottom line about this Compound prediction Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services, or other content provided on this page constitutes a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. The compound is down -4.65% today against the US Dollar COMP/BTC decreased by -3.79% today The compound is currently trading 11.76% below our prediction on Oct 15, 2023 Compound gained 12.24% in the last month and is down -30.24% since 1 year ago Compound price $ 41.50 Compound prediction $ 47.03 (14.66%) Sentiment Bearish Fear & Greed index 50 (Neutral) Key support levels $ 40.06, $ 38.63, $ 36.52 Key resistance levels $ 43.60, $ 45.70, $ 47.14 COMP price is expected to rise by 14.66% in the next 5 days according to our Compound price prediction Compound price today is trading at $ 41.50 after losing -4.65% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -1.83% in the same period. COMP performed poorly against BTC today and recorded a 3.79% loss against the world’s largest cryptocurrency. According to our Compound price prediction, COMP is expected to reach a price of $ 47.03 by Oct 15, 2023. This would represent a 14.66% price increase for COMP in the next 5 days. COMP Price Prediction Chart What has been going on with Compound in the last 30 days The compound has been displaying a positive trend recently, as the coin gained 12.24% in the last 30 days. The medium-term trend for Compound has been bearish, with COMP dropping by -37.48% in the last 3 months. The long-term picture for the Compound has been negative, as COMP is currently displaying a 30.24% 1-year price change. On this day last year, COMP was trading at $ 59.49. Compound reached its all-time high price on May 12, 2021, when the price of COMP peaked at $ 909.34. The current COMP cycle high is $ 82.89, while the cycle low is at $ 24.02. COMP has been displaying low volatility recently – the 1-month volatility of the coin is at 7.83. The compound recorded 15 green days in the last 30 days. Compound (COMP) BUY Oct 10, 2022 - Oct 10, 2023 $ 58.30 - $ 41.49 -28.83% Change Oct Nov Dec 2023 Feb Mar Apr May Jun Jul Aug Sep $ 40.00 $ 60.00 $ 80.00 JS chart by amCharts MARKET CAP $ 328.36M 24H VOLUME $ 68.29M CIRCULATING SUPPLY 7.91M ALL-TIME HIGH $ 909.34 Compound technical analysis for today - Oct 10, 2023 The sentiment in the Compound markets is currently Bearish, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 40.06, $ 38.63, and $ 36.52, while $ 43.60, $ 45.70, and $ 47.14 are the key resistance levels. Bearish sentiment for Compound 4 indicators are currently signaling a bullish prediction for Compound, while 25 indicators are showing a bearish forecast. With 86% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Compound. The crypto market is currently experiencing a Neutral Currently, the Fear & Greed index is at 50 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity. Compound moving averages & oscillators Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Compound is positioned in the market right now. Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential MA3 $ 42.72 (SELL) $ 41.49 (BUY) - - MA5 $ 42.97 (SELL) $ 42.47 (SELL) - - MA10 $ 44.47 (SELL) $ 43.42 (SELL) - - MA21 $ 43.00 (SELL) $ 43.23 (SELL) $ 45.79 (SELL) $ 45.12 (SELL) MA50 $ 41.55 (SELL) $ 43.81 (SELL) $ 44.15 (SELL) $ 53.82 (SELL) MA100 $ 51.59 (SELL) $ 45.44 (SELL) $ 77.66 (SELL) $ 93.41 (SELL) MA200 $ 44.75 (SELL) $ 46.57 (SELL) - - Period Value Action RSI (14) 52.27 NEUTRAL Stoch RSI (14) 0.00 BUY Stochastic Fast (14) 37.03 NEUTRAL Commodity Channel Index (20) 66.67 NEUTRAL Average Directional Index (14) 29.38 SELL Awesome Oscillator (5, 34) 2.29 NEUTRAL Momentum (10) -6.36 SELL MACD (12, 26) -0.08 NEUTRAL Williams Percent Range (14) -62.97 NEUTRAL Ultimate Oscillator (7, 14, 28) 40.47 NEUTRAL VWMA (10) 46.87 SELL Hull Moving Average (9) 40.48 BUY Ichimoku Cloud B/L (9, 26, 52, 26) 43.57 NEUTRAL The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Compound is at 52.27, suggesting that COMP is currently neutral. The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Compound over the last 50 days. Currently, Compound is trading above the SMA 50 trendline, which is a bullish signal. Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the COMP closing price for the last 200 days. COMP is now trading above the SMA 200, signaling that the market is currently bullish. The bottom line about this Compound prediction After considering the above factors, we can conclude that the current forecast for Compound price prediction is Bearish. COMP would have to increase by 14.66% to hit our $ 47.03 target within the next five days. Moving forward, it will be important to monitor the COMP market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Compound price predictions