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Bitcoin Price Forecast: 2021, 2030, 2040



One of the most common words in the world right now is Bitcoin. Everybody talks about the asset and how it has totally changed the financial system of the world from what we used to know it to be. While many are still trying to get to terms with it, Bitcoin has continued to marvel the public.

Towards the end of 2020, the world leading digital asset went on an incredible run that culminated in new highs and Bitcoin’s value touching uncharted heights in the global market for the first time. During this run, Bitcoin not only crossed the $20,000 mark, it also broke the $30,000 level and in early January, Bitcoin reached over $40,000. All in the space of a three weeks run.

The beautiful thing was the rise in the value was not restricted to Bitcoin alone. Other assets were also influenced by the run of the market leader and their values rose too. And the icing on the cream was the belief that the c industry was only just starting. Many analysts and commentators have already made different positive forecasts and predictions about what could become of the industry. Many of them show a level of bullishness and confidence in the industry, Bitcoin especially.

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An example is a hedge fund manager in the United States, Mike Novogratz who thinks Bitcoin price is going to go as high as $65,000. Mike McGlone of Bloomberg, takes a more moderate view and predicts that the asset would only be worth $50,000 come the end of the year. And Wall Street, has also been forced to change tunes too; a top brokerage firm CEO on the street, Anthony Denier has predicted that Bitcoin price would rise to $55,000 before the end of the year.

A popular Bitcoin price prediction system, Stock to flow, is not left out amongst the prophets predicting the asset value. According to the system, BTC price would reach $100,000 this year. While there is no congruence in the price predictions being made by each expert, one unifying view we can safely deduce is that the coin’s value would rise as time goes by.

This might not be totally new to enthusiasts who have seen the value of Bitcoin grow from almost nothing to being referred to as a “digital gold” which can be tied to its increasing adoption and acceptability rate among the public despite the varying price predictions.

One analysis of the premier digital currency shows that it has grown by adding more zeros to its price, although this is done slowly, it has however been at a very consistent pace overtime. The asset has grown from being worth  just $10 in 2011, to now being well over $30,000 by breaking all of its previous all-time high and resistance points.


Given its positive growth precedents over the years, it is now very easy to understand why analysts and investors alike are thinking towards a continued increase in the price of BTC.

In this article, we would be looking at the history of Bitcoin and those factors that could lead to a wider adoption rate by the general. And of course, we would also look at the bitcoin price prediction on a long-term basis and its price in the next ten to twenty years based on expert analysis

The History of Bitcoin

The world went into an economic meltdown in 2008 that was majorly caused by wrong policy decisions made by most of the leading financial institutions in the world. The governments also confounded this problem with their policy of bailing out these institutions by printing new currencies on the whim which resulted in fiat currencies losing their value due to the level of inflation.


Satoshi Nakamoto invented Bitcoin as a digital asset that would be free from all forms of regulatory interventions and would mostly be driven by the activities of the market. While the belief of many is that the inventor’s name is a pseudonym, others however think it is the name of a person. Regardless of the school of thought one belongs to, the general consensus is that Satoshi Nakamoto invented Bitcoin.

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Since then, Nakamoto’s invention has provided a stable and fierce competitor for the traditional financial system with its many innovative features and use of technology to further develop the asset.

We have also witnessed the development of other cryptocurrencies that emerged based on the open-source code of the asset. The acceptance of Bitcoin as a viable means of exchange and store of value has contributed to its growth as more retailers and institutions began to take interest in the industry.

What is Bitcoin?

Bitcoin is the world leading cryptocurrency. In fact, it is the first of many cryptocurrencies, which are digital assets used as a medium of exchange and controlled and managed through cryptography rather than a central authority like the government.


The growth and global acceptance of Bitcoin also came with the high risk of a security breach, which many bitcoin exchange platforms have had to battle with, this has led to improved security systems around the network and the ecosystem. Today, the market cap of the asset is beyond that of financial institutions like Visa, Mastercard and others.

And in 2020, we witnessed an unprecedented level of acceptance and adoption by institutions; PayPal, Grayscale Investments, Square and a host of other top global institutions began to take positions in the crypto asset and this culminated in the best run of BTC that we have seen till date. Not only that, with over 5000 Bitcoin ATMs already existing in the world, it simply means that Nakamoto’s goal of providing a healthy competitor for the conventional financial industry is being achieved with some style.

Advantages of Bitcoin

Bitcoin holds several advantages over the traditional financial industry, here we mention just three of those advantages below:


Store of value

One inherent advantage Bitcoin has is that it can be used as a store of value. Here, the value of the coin is used to hedge against the high inflation rate that tends to battle the traditional financial industry. The fact that the asset is suitable for all investors has kept pulling many into the crypto field as they have a limitless opportunity to tap from here.

Cheaper, faster and secured transactions

Bitcoin can be used as a medium of exchange between individuals or organisations. The asset carries out transactions in a cheaper, faster and more secured manner when compared to the traditional financial industry. Not only that, countries like Iran already depend on the asset has a viable source of foreign exchange.

How increased adoption impacts Bitcoin

When the first Bitcoin was minted, its worth was practically nothing but owing to the increased media interest and attention of institutions and the general public, the standing of assets has improved in the eyes of all.


With global acceptance, especially after gaining a market outside of United States dollars by 2013, the digital currency worth only $1 in April 2011 rose to $1,242 by November 2013. This was an all-time high. The price soon dropped to as low as $340 by April 2014 before picking up again and reaching a new high of $2000 in May 2017.

That was only the tip of the iceberg as Bitcoin had the first of its amazing year where it peaked at over $19,000. The public was forced to sit and take notice of an asset that was providing value and also competition for the centralized system where their funds were subject to the regulations and the whims of the behemoths in the system.

The coming of the pandemic and the enforced lockdown made the value of the asset to drop to new lows around March 2020. Sceptics, critics and naysayers were however put in their place when the asset began the most incredible of runs in the history of the asset.


And like 2017, 2020 was also a very good year for Bitcoin as it continued to increase. This is likely due to the excess savings due to near-zero interest rates and other interventions for the pandemic that drove interest rates high. From being worth $13,000 in October, it increased to $19,000 in November, and finally crossed the $20,000 level for the first time on 16 December 2020 before finishing the year at a record high of $28,000.

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Bitcoin carried its price form into early 2021 and soon passed the $30,000 mark again as it traded at $34,800 on 3 January 2021 before rising again to $40,324 by 7 January 2021 and reaching an all-time high price of $41,973 by 8 January 2021.

The price has, however, since dropped and stabilized around $33,000.  The global acceptance and adoption of bitcoin by businesses and large scale investors have played a major role in increasing its price. For example, Square, a payment company owned by the CEO of Twitter, Jack Dorsey, invested $50 million into Bitcoin. Microstrategy has continued to buy Bitcoin and believes strongly in the potential of the asset. PayPal currently allows its US users to transact using the coin, and the company has already set sight on its international users too.

We have also seen billionaires take interest in the leading cryptocurrency. Elon Musk recently changed his Bio on twitter to this asset and rumours already abound of him investing in the coin market already.


What drove this institution into Bitcoin 

We have seen how global acceptance of the asset has driven institutions into investing in Bitcoin, but many do not know what exactly pushed them to the asset. Some of these reasons are mentioned below:

Fear of inflation

Microstrategy began investing in Bitcoin due to the believe that the government of the United States of America was going to be pumping more money into the economy and this invariably was going to lead to a surge in the inflation rate. To circumvent this, the company decided to invest in BTC and since then, it has grown to become one of the highest holders of the crypto asset. Jack Dorsey’s Square is another company to have towed this path.

Secured, faster and cheaper transactions

PayPal and other financial institutions investing in the space believe that Bitcoin and other crypto assets provides them an opportunity to offer their users with a financial product that would help them carry out secured, faster and cheaper transactions.


Fear of missing out (FOMO)

Everybody is scare of missing out on an important financial decision. And because nobody wants to be left out, they adopt the trends in their sector and try to adapt to any changes in the world. This is one of the reason that has driven some investors into the Bitcoin ndustry as they do not want to appear to be left behind by their peers.

Increased digitisation of the world

The world has gradually moved away from a paper-intensive world to a world that is now dominated by technology. One of such developments is Bitcoin and the crypto industry that has made the world more digitally compliant.

Bitcoin Price Prediction

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No trading instruments prepared crypto enthusiasts for the sudden rise of Bitcoin’s value between late last year and early this year. This was despite the numbers of forecast, systems and charts that were used to predict the value of the asset. However, no one saw that run coming.

This simply means that no amount of chart pattern or graph movements can prepare us for what its price would be by next month or in the next ten to twenty years. Despite this level of uncertainty, crypto experts and analysts have still continued to make guesses of what the asset value would be in the future.


Bitcoin’s Short-term price prediction.

DigitalCoinPrice has posited that BTC’s average price in 2021 would stand at $70,000. This prediction is based on the belief that the crypto industry bull run will continue. It also added that Bitcoin may finish the year above $80,000 after it might have peaked at $103,000. But WalletInvestor has a somewhat modest view for the value of the asset as he predicts that the price would only peak at $43,000. Another conservative prediction is that of Tom Lee that predicted the asset would triple its current value.

Tom Fitzpatrick, a Citibank analyst who said Bitcoin is a 21st-century gold, says that the value of bitcoin could reach as high as $318,000 by December 2021. While this price prediction may look too high at first, when one considers the previous incredible run that began towards the end of 2020, it lends some level of credence to this prediction.

A graph shared by The Moon, a YouTube Channel on cryptocurrency managed by Carl Eric Martin. The graph demonstrates that if Bitcoin should follow precedence after the halving of May 2020, it would peak at $318,438 in October 2021. In the opinion of a popular leading banking institution and global advisors for a number of Investments companies, JP Morgan, the value of Bitcoin will peak at $146 000 before the end of 2021.


What will Bitcoin be worth in 2030?

The crypto market’s volatility is legendary, which makes many skeptics believe that only losses can be incurred, but one thing seems almost certain: no matter how low the price gets, it will always rise in the long term because of its propensity to go on a bull run.

Eleven months ago, the bitcoin price prediction by Wallet Investor speculated that BTC was only going to peak at $10,723 in 2020 such that by 2024, the price will be $33510.

However, contrary to that speculation, Bitcoin price finished 2020 at $28,000 and achieved a stable price of $33,000 in January 2021, which was not supposed to happen until 2024. If we are going to judge by this alone, it is crystal clear that the price predictions for bitcoin will almost always fall short of reality though losses might still happen.


Vinny Lingham of Civic’s prediction is closer to home as he says that bitcoin could be between the range of $100,000 to $1 million by 2030. This is one prediction that might come to pass in the next decade. Another one could that of Tim Draper that believes the crypto asset would peak at $250 000 in three years which is still quite low to the prediction of Tom Fitzpatrick .

What will bitcoin be worth in 2040?

In all honesty, it is hard to have a correct estimate of what the price of bitcoin will be in 2040. We don’t know what the value of the coin would be in a month’s time so we can’t really make a right prediction of the price by 2040.

While it might have gone from a collector item worth 25 cents with to a mainstream currency, the fluctuations of bitcoin are not something that anyone can easily forget; from its all-time highs of 2017 to its rapid decline in 2018,


There is, however, a very high chance that by 2040, its price would most likely be within the seven-digit range at the lowest. According to Plan B’s prediction, Bitcoin could be valued between $1 million – $10 million in the 2030s.

This means that bitcoin could reach the billion-dollar milestone in the next decade at its price peak. However, it is also likely that by that time, dollars or fiat purchasing power might have reduced greatly due to the current policy of central banks. Thus, a million-dollar today will not be equal to the same amount in 2040.  It must be noted that this is speculative at best, but in the coming decades, one thing to watch out for is how limited digital currency will fare against the unlimited fiat.

Will halving affect the price of Bitcoin

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Two factors would continue to affect BTC price over time; its limited supply and the constant halving of the asset over a period of time would always continue to rub off on the value of the asset pushing it into new all-time high always.

Bitcoin has witnessed three halvings, and after each of them, the asset saw an upturn in its value. Going by the precedents of the effects of this halving, one can safely deduce that  subsequent halvings of the asset would also result in a surge in BTC price.


Bitcoin also has a finite number of supply, however, there is no glass ceiling to the number of people that can demand for the asset. Simple economics already dictates that a limited supply of a product would push demand higher and subsequent lead to an increase in value.


There have always been varying Bitcoin price predictions over the years. Experts and commentators alike have never been able to reach a consensus on what the asset could be worth in the next minute or two. However, one concluding factor is that the price of the asset would continue to rise in the long run.

So, investors looking to make a long-term investment in the crypto market have a viable option in the leading coin of the industry. But regardless of this, investing in BTC retains a level of risks and volatility that could still lead to loss of funds for investors thus it is really advisable to carefully consider one’s option before investing. No matter who the amounts of predictions, there are simply no guarantees on with the industry.


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Billionaire Mark Cuban Identifies Altcoin With ‘Most Upside’ As Bitcoin Blasts Above $60,000



As Bitcoin shoots above $60,000, business magnate Mark Cuban says one altcoin stands above the rest in terms of investment potential.

In a new interview with CNBC Make It, the billionaire says that Ethereum (ETH) is the best crypto prospect on the market.

“As an investment, I think Ethereum has the most upside.”


Cuban, who previously stated that smart contracts on Ethereum’s blockchain have revolutionized the cryptocurrency market, believes that the second-largest crypto by market cap is the digital asset which most resembles legal tender.

“I wish I had bought [Ethereum] sooner. I think it’s the closest thing we have to a true currency.”

Cuban went on to reiterate his position that Bitcoin (BTC) is superior to gold because not only is its supply scarce, but it’s easier to transfer, store, trade, and fractionalize. That sentiment is shared by fellow billionaire CEO Chamath Palihapitiya of Social Capital and Virgin Galactic.


Cuban’s comments come on the heels of him saying that customers prefer making payments in Dogecoin (DOGE) rather than BTC at his venues because Bitcoin tends to be a highly appreciable asset.

Ethereum is exchanging hands at $3,839 at time of writing, an 11% increase from its seven-day low of $3,431, according to CoinGecko.

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ProShares Set for Bitcoin Futures ETF Launch on Monday After Apparent SEC Approval



The US Securities and Exchange Commission has reportedly greenlit the country’s first Bitcoin futures exchange-traded fund (ETF).

ProShares, an ETF provider, filed a post-effective amendment prospectus on Friday that states the company plans to launch the BTC Futures ETF on Monday, a sign that the SEC has approved the product.

The fund doesn’t invest directly in Bitcoin, but it provides price exposure to Bitcoin futures contracts, a first in the US.


Both Bloomberg and CNBC, citing people “familiar with the matter,” reported earlier in the week that the SEC planned to approve BTC futures ETFs from ProShares and the independent investment firm Invesco Ltd.

Invesco’s ETF is also set to provide exposure to a collection of exchange-traded products (ETPs) and private investment trusts that hold Bitcoin, rather than direct investments in BTC itself.

Last month, SEC Chairman Gary Gensler said he was open to ETFs for Bitcoin futures, noting that they are filed under mutual fund guidelines which provide “significant investor protections.”


Bitcoin is trading at $61,549.38 at time of writing and is up 6.6% in the past day and more than 40% in the past two weeks, according to CoinGecko.

BTC hit its all-time high of $64,804.72 in mid-April.

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Bitcoin May See Real Peak If ETF Is Approved and I May Cash Out Half My ETH: CNBC’s Jim Cramer



Jim Cramer shares a common view that Bitcoin has the opportunity to reach a short-term peak or even a real peak if Bitcoin ETFs are approved next week.

Host of CNBC’s Mad Money, Jim Cramer, has talked to Andrew Sorkin from CNBC’s Squawk Box show about the prospects of the Bitcoin price if or when four Bitcoin futures ETFs get the SEC’s approval next week.

Cramer also stated that he may cash out half of his Ethereum stash.


SEC approval for ETF may push Bitcoin up, Cramer says

Answering Sorkin’s question, Cramer stated that a lot of people believe there is a high chance that the senior cryptocurrency, Bitcoin, may hit a short-term or even a real price peak if four BTC-based ETFs are approved by the SEC next week.

He corrected the host and said that the regulatory agency may approve not just one but four Bitcoin futures ETFs next week.

However, he stated that people are running ahead of a possible ETF approval.


Bitcoin spikes to $59,500 as chance for ETF approval emerges

Earlier today, the flagship digital currency, Bitcoin, soared to a multi-month high of $59,500 on the Bitstamp exchange. It happened after Bloomberg released a report, saying that so far the Securities and Exchange Commission has not objected to approving multiple Bitcoin futures ETFs that were submitted to it earlier this year.

The Bloomberg article stated that the information had been confirmed by multiple sources close to the SEC and to the matter in question.


The media giant’s ETF analyst, Eric Balchunas, believes that the likelihood of Bitcoin ETFs getting the green light has now risen to more than 90%. Still, he is not ready to “close the case” yet.

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