As cryptocurrency business is unstable itself, many people wanting to get into the cryptocurrency world are afraid to do so. They’re afraid to start purchasing Bitcoin and other cryptocurrencies because the price predictions for these coins are unstable, as well.
The price of Bitcoin is changing every day. The analysis of its current price (and of its price in the future) is only possible for those being in the cryptocurrency community for a long period. There are notable crypto analysts in the community who can make such Bitcoin cost predictions with skill. In this article, you’ll find Bitcoin price predictions made by six of such Bitcoin industry experts. All these Bitcoin price predictions are related to the year 2021.
It doesn’t matter whether you’re a newbie or an advanced Bitcoin holder, as everyone will find some essential data for themselves.
If you’re interested in investing in Bitcoin or any other cryptocurrencies, take a closer look at the Bitcoin price predictions mentioned below (and share this article with your friends or other cryptocurrency enthusiasts).
Predictions for Bitcoin Price in 2021
For starters, it’s essential to mention all predictions related to the Bitcoin price are assumptions, and no one should consider them as real financial advice. The responsibility for following the advice lies on those following it, as it’s only up to them to choose whether to follow them or not.
Usually, such industry experts as Thomas Fitzpatrick, Mike Novogratz, Frank Holmes, and Tim Draper believe Bitcoin price comes somewhere between $55,000 to $318,000, but keep in mind this is only the Bitcoin’s price prediction, and its real price changes all the time.
But, first things first. Let’s take a closer look at assumptions about the Bitcoin price prediction of six essential crypto analysts considered the best of the best in the entire industry.
1. Bitcoin Price Prediction: Dan Morehead ($115,212)
In a blog post on the Medium platform, Dan Morehead, being the CEO and founder of the company Pantera Capital (and Pantera Capital is the largest blockchain investment fund), made his Bitcoin price prediction for the year 2021. He believes the cost for Bitcoin will reach $115,212 in 2021.
Dan Morehead connected such an estimated growth of Bitcoin with previous growth in the cost of Bitcoin. Also, in his assumptions, Dan relied on the Stock-to-Flow model with the following operating scheme: to know the prices of any digital coins, you need to divide the current supply (which is called stock) of the asset by its annual production (which is called flow).
He mentioned he realizes some may find this cost prediction ridiculous, but when the cost of Bitcoin was $5,000, some people were founding this cost for Bitcoin ludicrous, as well. Moreover, Bitcoin’s 215% compound annual growth rate (CAGR) over its lifetime showed the tendency of Bitcoin to increase its cost significantly. It’s possible due to Bitcoin’s ability to grow even during economic crises and no dependence on other digital assets.
With other industry experts, Dan Morehead suggests we need to expect significant growth of the Bitcoin value in the next two years. Time will show whether Dan Morehead was right or not, but we have no doubts to believe such a notable figure with one of the largest cryptocurrency companies in the world.
2. Bitcoin Price Prediction: Mike Novogratz ($60,000)
Another essential figure in the cryptocurrency sphere, Mike Novogratz, the founder of the company Galaxy Digital (performing various financial services) and billionaire venture capitalist, made his price prediction for Bitcoin. He claims Bitcoin reaches the value of somewhere between $50,000 to $60,000 by the end of 2021.
Mike Novogratz mentions it might happen due to the people’s trust level drop in their governments. This drop is understandable as governments print paper-based fiat currencies in large amounts, and such cash becomes less trustworthy. When there’s such a money-printing on the government level, the entire population of this government might lose trust in people performing these manipulations. If such a situation continues for a long time, Bitcoin, as a digital asset, will someday replace the coins we’re used to. This is already happening these days (in small amounts, but still happening), and not in some distant future.
Not only ordinary citizens (and individual investors among this mainstream public) start to worry about the validity of fiat currency, but institutional investors are started investing their cash in this digital currency. Even investors and representatives of large companies have a lack of trust level in governments and prefer trading with Bitcoin and other digital funds.
Mike Novogratz calls Bitcoin the social money people can utilize in the world of social media, and that makes sense. New circumstances on the market demand new solutions, and trading with Bitcoin might be one of them. Bitcoin, as the revolutionary technology, received widespread adoption among all the population groups, and anyone with access to the Bitcoin network can rule the world if they know how to work with this digital asset on the modern foreign exchange market.
It turns out, Mike has the most conservative view on the value of Bitcoin and claims its price will increase up to $60,000 maximum. It means Bitcoin receives a total market cap of only $1.1 trillion, remaining just a small piece of gold.
3. Bitcoin Price Prediction: Thomas Fitzpatrick ($318,000)
Thomas Fitzpatrick, as the head of Citibank’s CitiFX Technicals company (that performs market analysis for trading clients and specializes in investment and online trading), gives a more positive price prediction for Bitcoin than two previous experts did. He believes the value of Bitcoin will increase up to $318,000 by the end of December 2021.
In November 2020, in the social network Twitter, a post appeared where Thomas Fitzpatrick gave his forecasts of the current situation on the market and the position of Bitcoin there. He compared the situation with Bitcoin to the situation that happened with the gold market in the 1970s. In the 1970s, the gold market erupted when the US dollar came off the gold standard in the year 1971.
According to Thomas Fitzpatrick’s opinion, the spike of Bitcoin looks the same as the spike of Gold that happened in the early 1970s. After the Gold prices were about $20-$35 for 50 years, it increased in price the moment the government allowed it to float. Though the current prices for Bitcoin and other digital coins might look insignificant, Bitcoin’s long-term value could reach up to $318,000.
Mainly, it might become possible thanks to central banks that pursue quantitative easing, and the COVID-19 pandemic is the reason for this. The whole crypto industry is aimed at disrupting traditional finance, and Bitcoin is one of the main factors affecting this.
4. Bitcoin Price Prediction: PlanB ($288,000)
We’ve already mentioned the Stock-to-Flow model used for evaluating Bitcoin’s projected value, but we didn’t say anything about the author of this model. Its creator prefers to remain anonymous and uses the name “PlanB” as a nickname. Most Bitcoin holders know this person by this exact nickname, and no one knows his or her real name.
How does the model predict the future price of global digital currency (Bitcoin, in other words)? According to this model, to evaluate the Bitcoin price, one needs to know both its rate of new supply and its existing supply (with the “halving” phenomenon coming into force when the rate of new supply of Bitcoin halves every four years).
PlanB used the Stock-to-Flow model to make the price prediction for Bitcoin and believes #bitcoin will reach $100,000 (as a minimum) just by December 2021, and even up to $288,000 (as maximum). PlanB wrote this in the social network Twitter, mentioning #bitcoin S2FX is correct, and adding IMO 2021 will be impressive.
We have no doubts not to believe PlanB’s projection on the massive price projections on Bitcoin. The Stock-to-Flow model created by this person always shows great results and incredible accuracy in its short-term and long-term predictions about the Bitcoin price and various transactions and securities relating to this. The question is will it continue to show such good results in the future? Who knows, time will show.
5. Bitcoin Price Prediction: Anthony Pompliano ($225,000)
The co-founder of Morgan Creek Digital Assets company and well-known Bitcoiner Anthony Pompliano, in October 2020, wrote a letter to investors. In the letter, he made his Bitcoin price projection evaluating its price at $225,000 by December 2021.
To be more precise, Anthony stated he believes Bitcoin will reach $100,000 at a minimum and $250,000 at a maximum by the end of the year. We don’t know will Bitcoin reach numbers like these, but Anthony has solid reasons for such projections.
One of these reasons is the fact the current Bitcoin supply is smaller than everyone thinks while more and more people express their desire to purchase them (and the stocks of Bitcoin are limited).
Another reason is that Wall Street began to utilize these digital currencies (considering that many of the companies presented there specialize in investment and online trading). Also, the COVID-19 pandemic consequences in the form of quantitative easing, and the fact the Federal Reserve started cutting interest rates to virtually zero (and we predict it might continue in the nearest future, as well).
The entire industry aimed at the disruption of traditional bank financing. Even the largest world companies started utilizing Bitcoin instead of paper-based currencies, putting their cash reserves in this digital asset. For example, when they are purchasing Square’s $50 million investment or Microstrategy’s $425 million Bitcoin (though some companies are bullish on Bitcoin, still, many corporations that sell, purchase, and store their securities in Bitcoin).
Anthony is sure even if (or when) there will be various decreases in the cost of Bitcoin (due to many factors mentioned before, and to some factors not being mentioned in the article), its cost will remain on the level he predicted in the next 15 months. As Anthony is a co-founder of such a large company, we believe we can trust him in the questions like these. But, still, time will show, and the end of 2021 is closer than you might think.
6. Bitcoin Price Prediction: Tyler Winklevoss ($500,000)
The last but not the least essential figure in the cryptocurrency sphere is Tyler Winklevoss, with the highest cost prediction for Bitcoin. Tyler Winklevoss is known as the co-founder of cryptocurrency exchange Gemini company, and he continuously predicting Bitcoin one day will replace Gold. He also states Bitcoin will reach a $9 trillion market cap in the nearest future.
Together with his twin brother Cameron, Tyler Winklevoss predicts the cost of Bitcoin will reach half a million dollars ($500,000) not by the end of 2021 but in the next ten years. Such high numbers are caused by a spike of institutional and retail investments and due to other reasons mentioned in the article previously.
- It’s up to you to decide whether do you need to purchase Bitcoin or not, but if to believe HodlCalc, in 99% of cases purchasing and holding these digital coins is profitable for everyone. Of course, before making such a severe step (by step, we mean purchasing Bitcoin), one needs to get acknowledged with its functions and the technology standing behind it. Without this, you risk losing much more than a few Bitcoins.
- The modern realities show the world is ready for becoming digital, and more and more corporations start to utilize Bitcoin and other digital funds. The COVID-19 pandemic consequences played a significant role in this by forcing central banks to print more money with one aim only: to support businesses and the economy itself. All this led to the situation when people started worrying about the possibility of inflation, and this made them focus their attention on Bitcoin (as its supply is smaller, and the demand for it is higher).
- Also, as institutional money flows into Bitcoin, they, together with the situation with central banks and COVID-19 pandemic, create a cost bubble for Bitcoin bigger than it was in 2017. One day this bubble will pop, and it will lead to the increasing cost of Bitcoin. When this happens, the cost of Bitcoin, in our opinion, will reach $100,000 for 1BTC (not lower than $50-$60K, for sure).
- As you’ve already got acknowledged with the opinions of six experts mentioned in the article, you might understand all experts have their visions on the future cost of Bitcoin. And that’s fine as we all have our understandings of conditions on the market, and make our consumptions relying on them.
- Although for newbies in the crypto sphere, such a variation in opinions might be no good as it’s hard to understand who’s right, who’s wrong, and whether do you need to purchase Bitcoin at all (or not). That’s why it’s essential to know the basics of Bitcoin and other crypto funds before you decide to purchase them so you can have your reality bubble and feel more confident when it comes to some real case. Don’t ignore this recommendation, and spend some time to understand the Bitcoin market (and market, in general) before putting your cash into digital coins.
- Remember, cost predictions made by six experts are just their opinions and can’t be considered as real financial advice. You must always question yourself before making any real moves. Interpret that advice as a guiding light and not as a direct call to action. Even as the experts suggest Bitcoin will replace other monetary units (as there’s a tendency for this), it’s still possible the situation with Bitcoin will change dramatically, not in its favor.
What will Bitcoin be worth in 2022?
According to the predictions of top crypto experts, the approximate cost of Bitcoin will reach $275,000 (at a maximum) or $42,000 (at a minimum) in the year 2022. Keep in mind these are just predictions and can’t be considered real financial advice or statements. The situation might change, but the previous Bitcoin experience shows it tends to increase or decrease like this.
What will Bitcoins be worth in 2050?
There’s no possibility Bitcoin will exist in the year 2050 (as this digital coin is unpredictable). Still, if it will, there are two main options relating to its cost: it’ll either cost millions of dollars (if governments accept it and create specific legal regulations for controlling it), or it’ll cost ten or hundred dollars (as a maximum if governments will ban the purchase and utilization of Bitcoin). No one knows what’s waiting for us tomorrow, what to say about something in the 30 years, but still, it doesn’t mean you don’t need to trade with Bitcoin. Even if its cost decrease, you tried at least. But what if it increases? One day you may wake up as a dollar billionaire.
What are the projections for Bitcoin?
Many various crypto industry experts agree the cost of Bitcoin will significantly increase in the nearest future. They expect it to be at least $100,000 in a few years, and even more. Among other unstable cryptocurrencies, Bitcoin is the most stable one, and most people and corporations prefer it to other digital coins. Analysts expect the strengthening of the position of Bitcoin on the government level as the whole global economy is suffering from inflation and other consequences of the COVID-19 pandemic. In our opinion, the purchase of Bitcoin is profitable in any case.
How to predict the price of Bitcoin?
For this, you need to know how the market works, what are the operating scheme of Bitcoin trading, and what Bitcoin itself is. Spend some time to know these basics for a better understanding of this digital world. After you know the basics, you can analyze the market by yourself without relying on some other experts (but it’s not bad to follow their advice if you remember they aren’t real financial advice, but just some opinions and predictions), and this will help you to know when it’s better to sell, when it’s better to purchase, and when it’s more profitable to trade with Bitcoin. When you know how the market works, and when you know the way it affects the cost of Bitcoin, you can make your cost predictions for the nearest one, two, or even ten years.