Cryptocurrency market experts have been trying to predict where Bitcoin (BTC) will go in the coming months and years, especially as the leading digital asset climbs above the psychological threshold of $20,000 since the beginning of 2023.
Here is the Bitcoin price forecast for 2025-2030!
The next halving event for the flagship digital currency is scheduled for 2024 and according to many experts and supporters, it is one of the events that could significantly ‘push’ the price of Bitcoin and this could have a significant impact.
Bitcoin’s fourth halving, or 50% reduction in block rewards with the fourth protocol design, occurs every 210,000 blocks, or approximately every four years. According to the forecast, the next halving event will occur around May 4, 2024, when Bitcoin hits 840,000 blocks.
Why are investors waiting bullish for the next Bitcoin halving?
After the third halving on May 11, 2020, miners were paid 6.25 Bitcoins for each Bitcoin block mined. With an average of 144 blocks generated every 24 hours, this equates to roughly 900 Bitcoin mined and rewarded each day.
Due to the design of the Bitcoin blockchain, this reward will be “halved” and reduced to 3,125 BTC per block during the fourth halving. If the average number of blocks mined each day stays the same, around 450 BTC will be created each day.
When trying to predict how the Bitcoin price will move in the future, the past can be a valuable tool for determining the future direction of prices; this is especially true given the fact that Bitcoin’s value has increased nearly 1,000 times since the first halving.
Accordingly, Finbold analyzed industry experts on Bitcoin outlooks and fundamentals that are likely to define the asset’s performance into 2025 and beyond.
21 million BTC
With the mining of block ‘730002’ by SBI Crypto on April 1, 2022, it was revealed that only 2 million BTC (21 million in total) remained to be mined. On the other hand, price increases may occur as a natural result of decreasing supply and increasing demand.
At the same time, positive developments are expected as payments giant VISA (NYSE:V) partner with leading crypto payment platform Wirex to launch crypto-enabled debit and prepaid cards for Bitcoin and other cryptos in more than 40 countries. . Positive impact on digital asset prices in the future.
Bitcoin halving raises BTC price
Famous pseudonymous crypto trading expert PlanB announced in October that “the next Bitcoin halving is coming and IMO will (again) pump BTC”, while publishing a chart analysis of the decentralized finance (DeFi) asset’s previous price movements and future forecasts in October.
The chart is tied to a stock-to-flow (S2F) live model that uses the concept of scarcity to measure Bitcoin’s value and speculate about its potential future price. After Bitcoin’s third halving in May 2020, the chart model advocated by PlanB has received a significant amount of attention from many sources.
PlanB expects Bitcoin to pump after the halving. Source: PlanB
PlanB’s forecast is consistent with that of cryptocurrency trader and analyst Josh Rager, who predicts a massive Bitcoin surge after the 2024 halving. “The real party doesn’t start until 2024,” Rager said.
Reminder that Bitcoin likely ranges for the next year
The real party won’t start until 2024 post Bitcoin halving
There will be some nice opportunities before with both Bitcoin and alts from bounces
Stay vigilant and take the market week by weekhttps://t.co/kQuXqckwDC
— Rager 📈 (@Rager) September 14, 2022
The analyst was referring to his tweet on August 25 that he predicted Bitcoin’s growth trajectory would repeat in the 2024 surge following the halving events.
Why are these estimates important?
After the halving, prices tend to increase steadily and significantly in the following years, reaching their highest level after about a year and a half. If the same thing happens next time, this will be good news for Bitcoin investors.
Interestingly, the above analysis coincides with the predictions of Mike McGlone, a senior commodities expert at Bloomberg, who previously said at the end of January that Bitcoin could hit $100,000 around the next halving or by 2025.
McGlone maintains his well-known optimism over the long term, noting previously that Bitcoin could outperform gold as its biggest competitor in the future. According to that:
“I expect Bitcoin to reach $100,000 in the next few years, probably around halving, maybe 2025.”
BTC price analysis
At the time of publication, Bitcoin was trading at $22.117 as it held support above the $22,000 price level on February 15. Total market cap is $420.8 billion with $20.7 billion trading volume in the last 24 hours.
Bitcoin 1-day price chart. Source: Finbold
Price prediction 2025
In particular, Robert Kiyosaki, author of the best-selling personal finance book ‘Rich Dad Poor Dad’, has labeled Bitcoin as one of the “three hottest topics in the world” alongside silver and gold and predicted that BTC will reach $500,000 by 2025.
Meanwhile, in a special industry report by Finbold in which experts weigh in on what to expect from Bitcoin in 2023, Stefan Ristic, a crypto miner who runs BitcoinMiningSoftware.com, said that Bitcoin’s halving in 2024 is an important one for a possible bull run. waiting for it to act as a catalyst.
Price estimate 2030
According to the average forecast provided by Finder’s panel of fintech experts in their January 2023 report, they predict BTC will reach $77,492 by 2025 and $188,451 by 2030.