Since its inception a decade ago, Bitcoin has enjoyed a surge in popularity and price. It has emerged from the nether regions of the dark web, triumphantly into the mainstream. Yet unfortunately for investors, no one has been bestowed the gift of prophecy- the ability to foretell the future of the cryptocurrency. However, the general consensus is certainly positive for Bitcoin. Ranges from five-figures to astronomical seven-figures are very long-term projections of a price for the mighty crypto. In this article, industry experts weigh in on Bitcoin price predictions for 2030 and offer an explanation of what to expect from the cryptocurrency.
$37,000 Per Bitcoin By 2030
“Obviously this is going to be nothing but people pulling numbers out of their a** as nobody has a crystal ball that can predict the future of Bitcoin, or any investment for that matter. The target of date of 2030 is so far off as well, the world is going to be an entirely different place in ten years with AI and automation and advances in technology as well as specifically blockchain technology and quantum computing.
All that said it’s a fun discussion to have. We regularly see financial advisors and people in the Bitcoin space throwing out numbers, Bitcoin could be $50,000 by 2021, Bitcoin could be $500,000 by 2025, etc. People post this stuff on the Bitcoin and Crypto subreddits on a daily basis.
If I had to throw out a number I’d say $37,000 per Bitcoin. Bitcoin moves crazily though, we saw Bitcoin go from a couple of thousand dollars to almost $20,000 over the course of 45 days so I rule nothing out with Bitcoin. It could just as easily be a million bucks. One piece of news can send markets going wild, so much could happen over the course of 10 years. I think Bitcoin will hold out as the main cryptocurrency and will act as digital gold or store of value whereas other cryptocurrencies will be more functional and more utility tokens.”
John Frigo, SEO Lead, MySupplementStore.Com
Three Million By 2030
“I am on the BTC at one million dollars by 2020 train and by 2030 I predict $3M based on full token economies emerging throughout the unbanked world opening up new economies. As we continue to see increased use cases and companies utilizing blockchain with the decrease in BTC supply, the timing looks to put John McAfee’s bet in the clear. Increased blockchain use cases benefit Bitcoin by allowing investors to hedge the volatile bitcoin price with more traditional high performing assets. For example, available equity in the high performing commercial real estate industry is almost $14 trillion. Tokenizing this equity increases the market cap for blockchain overall and drives BTC’s dominance to one million by 2020 and three million by 2030.”
Kyle White, Chief Marketing Officer, Element Zero Network
The Central Bank Digital Currencies (CBDC’s) Component
“Given the rapid advances in technology, the over-hyped blockchain currencies may not even exist as we currently know them in the year 2030. This is because the world’s central bankers have already begun to discuss the idea of central bank digital currencies, or CBDC’s. Even the International Monetary Fund (IMF) is talking openly about the pros and cons of the idea. Private digital payment systems are becoming more popular, but none of them can operate apart from the banking system. If CBDC’s gain in popularity then this would alleviate the need for cash, traditional bank accounts, and even digital payment services. According to studies, CBDC’s would likely replace all private digital payment systems, regardless of whether they are connected to traditional bank accounts or cryptocurrencies. Essentially, a Central Bank Digital Currency could render cryptocurrencies obsolete by the year 2030.”
James Hyerczyk, Senior Market Analyst, FX Empire
Bitcoin Will Continue To Increase
“Cryptocurrencies such as Bitcoin have captured the public’s imagination and investors’ fancy as a new pathway to wealth. Bitcoins traded as high as $4,000 in the last week of August, but as recently as 2010 you could have purchased a Bitcoin for a few pennies.
Part of Bitcoin’s mystique is its high technology, high security, and the massive computing power required to mine (or create) another Bitcoin. We might think of Bitcoin as a type of artificial currency, an imaginary currency, or even a counterfeit currency, but, of course, it goes by the moniker “cryptocurrency.”
The brilliance of Bitcoin is actually the block-chain technology that underlies the currency. It is among the most secure online technologies available; it is virtually impossible to hack, manipulate, or thwart. In addition to artificial currencies, block-chain technology offers great promise as an extremely secure system for online interchanges and transactions. The technology that underlies Bitcoin and other cryptocurrencies are part of the allure, the rationale, and the story.”
Jerry W. Thomas, President, Decision Analyst Inc.
It has certainly been a wild ride for the father of all cryptocurrency. Bitcoin has gone from a cent to soaring past $20,000 per token. In the past couple years the ever-increasing popularity of the crypto has lead to increased adoption of Bitcoin. At the beginning of April of this year, it enjoyed an incredible milestone – recording its 400 millionth transaction. Suffice to say, this is a major achievement for Bitcoin and is indicative that its user base is very active. Based upon the predictions of the experts in this article, Bitcoin will likely skyrocket into the stratosphere by 2030. At the very least, there is nowhere but an upward trajectory for the crypto.