Bitcoin is the hottest asset in the crypto market. It’s the first crypto asset ever, it’s the asset with the largest capitalization, and since the first day, it stays above all other crypto projects, becoming the standard. The whole market depends on it because trading bots are usually set to get the maximum profits in BTC. There’s only a limited amount of Bitcoin, 21 million, thus Bitcoin value increases over time with demand, it can’t be printed endlessly. Traders spend days by watching Bitcoin price charts trying to guess the direction of the crypto market. If you’re wondering about Bitcoin price prediction today or in the next 2020, this article is for you.
What is Bitcoin
Bitcoin has recently celebrated its anniversary: 11 years since the publication of its whitepaper by Satoshi Nakamoto. Since then it came a long way from experimental money for geeks and drug dealers to the asset, recognized by world banks and investment funds. Bitcoin mining is a profitable global industrial activity, and Bitcoin news is discussed even among the politicians. Bitcoin coin price can be found right next to the dollar and euro at all news sites. It can be called both Bitcoin token and Bitcoin coin, but usually, it’s just Bitcoin, and everybody wants it. The current Bitcoin price stays above $9,000 and after the Bakkt launch, it starts to steam up. So, let’s get to Bitcoin price predictions.
Bitcoin Price Prediction 2019
There are only two months left until the end of this year. Sometimes when it gets close to Christmas, all markets go in rally mode. The famous super bull run of 2017 when Bitcoin reached $20,000 also started near Christmas. Currently, everything goes fine, and according to Bitcoin price chart, Bitcoin USD price can reach $13,000 until the end of the year.
Bitcoin Price Prediction 2020
The next year is expected to be better because in 2020 a halving is expected. Halving means that miners will get 2 times fewer coins for their mining activity, 6.5 BTC per block. That will make BTC more scarce and with the increasing demand, will result in value growth of this asset. Some people predict BTC will reach $30,000 in 2020, but being more conservative, we could say that it’s more realistic to expect it at $20,000 because that would require it to double in value.
Bitcoin price prediction 2021
In 2021, it’s possible that BTC will reach new heights. For example, a long-awaited $30,000. Let’s not talk about a million-dollar BTC, because it’s hardly realistic yet. But a steady growth due to adoption and more and more people using BTC is real.
Bitcoin price prediction 2025
By 2025, the world is likely to go through a huge debt crisis, similar to 2008. How will Bitcoin perform in this situation? There are two scenarios:
- It will grow even more to $50,000 as a safe harbor.
- It will fall together will all other assets.
It will depend on the monetary policy of the world banks. If they decide to print more money, then more people will be willing to save the value of their capital and go to such assets as Bitcoin and precious metals. Many people on Bitcoin Reddit write about this.
Anyway, by 2025, it’s possible that many institutions and millionaires will be holding Bitcoin. Considering that its overall supply doesn’t grow at this pace, its price can reach $100,000. But it’s a very distant future. Still, it’s a great perspective, so it’s still time to buy Bitcoin. If you don’t know where to buy Bitcoin, you can go to our BTC exchange.
We hope this article was useful for you. Follow our blog for more BTC news!
Originally published at https://changenow.io on November 19, 2019.