Bitcoin Price Prediction: Can Bitcoin Reach $1,000,000 by 2025? (2024)

2024 began with significant momentum for cryptocurrencies like Bitcoin and Ethereum, eliciting enthusiasm among crypto enthusiasts. As of June 6, 2024, BTC is trading at $70,996, boasting a market capitalization of $1.40 trillion, representing a 0.33% increase in the last 24 hours, hovering around the $70,000 mark and increasing by 4.58% over the previous seven days.

BTC, the leading cryptocurrency, has endured a tumultuous period, shedding approximately 65% of its market value over the past year. Crypto enthusiasts were taken aback by unforeseen events such as the Terra Luna crash, FTX decline, macroeconomic factors, and Binance’s legal issues. Nonetheless, the crypto market exhibited a remarkable recovery towards the end of the year, with BTC showing promising growth.

Bitcoin surged to impressive heights, surpassing its all-time high of $69,170 on March 8, 2024, reaching $70,083. Subsequently, on March 14, 2024, BTC again exceeded its previous peak, reaching $73,750. This surge propelled its market capitalization to $1.44 trillion, contributing to the overall crypto market capitalization of $2.77 trillion, reflecting exceptional performance.

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Bitcoin’s Recovery Journey

After surpassing the psychological threshold of the $31,000 mark, Bitcoin started exhibiting a bearish trend and traded below $30K levels for most of the last year. However, it has shown remarkable recovery in the latter months of the year.

The world’s largest cryptocurrency, BTC, which was on a recovery path, has increased around 164.96% in one year. As of June 6, 2024, it is currently trading at $70,982, with a market capitalization of $1.40 trillion and a global cryptocurrency market capitalization of $2.64 trillion.

Cryptocurrency experts believed that if BTC maintained its level of $30,000, it could likely bounce back from there. Looking at the current scenario, Bitcoin surpassed its all-time high in March but witnessed a downtrend later.

In April 2023, the top cryptocurrency Bitcoin touched the key resistance of the $30,000 level for the first time since June 10, 2022, and then started dipping below to $26,000. It significantly rose to $45,203 after May 2022. Crypto experts believe that if Bitcoin maintains the $45,000 level and beyond, it could reach $60,000 by the end of 2024. In the first three months of the year, BTC has already touched the level of $73,750 and set a new record for an all-time high.

While the future of Bitcoin is unknown, retail investors must be very cautious about every move of Bitcoin, as it has witnessed tumultuous before. Moreover, India’s stance on cryptocurrencies continues to be firm with the government bringing all crypto-related transactions under the ambit of the Money Laundering Act. In a specific gazette notification, the Union Finance Ministry of India stated that all the transactions related to digital assets or virtual currency would fall under the purview of the Prevention of Money Laundering Act (PMLA).

The new development may appear damaging to the cryptocurrency community in India. On the ground, however, the move has been praised by the industry at large as a step towards regulating this space. In the absence of regulators, the enforcement agencies will immediately take recourse to any discrepancies.

The Spot Bitcoin ETFs have been a tremendous factor in Bitcoin’s growth. After the SEC approved the ETFs in the U.S., retail investors showed great interest, leading to Bitcoin surpassing its all-time high.

One of the other reasons crypto experts were hopeful about Bitcoin is that this year, 2024, was a year for Bitcoin’s halving event. The Bitcoin halving event happens every four years, during which BTC rewards to its miners are cut by 50% (the miner’s payout will be reduced to 3.125 BTC). This event is usually positive for Bitcoin’s price, as it helps contract supply.

Historically, halving has been seen as an excellent sign for bringing momentum to Bitcoin’s price. So far, this year’s halving that took place on April 20, 2024, has not caused the surge to the BTC, as experts anticipated.

Bitcoin Halving History

Bitcoin Halving EventPrice on Halving Day
2024$62,205.94Yet to be known

The above table shows that past Bitcoin halving events have established long-term bullish drivers for Bitcoin’s price. The Bitcoin halving event relates to its deflationary tendency and crushing its supply, which helps the Bitcoin price to rise further. As BTC is a decentralized cryptocurrency, any central banks or governments can’t print it, and thus, Bitcoin’s total supply is limited.

Moreover, “Bitcoin Whales,” referring to large investors, have started accumulating Bitcoin again. According to data from the on-chain aggregator Santiment, these large Bitcoin whales, holding 1,000-10,000 BTC in their wallets, indicate that investors have been filling up their wallets with a substantial amount of Bitcoins. This accumulation may contribute to boosting the price of Bitcoin.

Can Bitcoin Reach $100,000 by 2024?

The current year is the year of Bitcoin’s fourth halving. It occurred on April 20, 2024. It forms the basis of Bitcoin’s monetary policy and supports its increasing scarcity by cutting Bitcoin’s supply growth rate in half approximately every four years.

At one point, Bitcoin’s supply growth rate exceeded 10%, but it was cut to about 1.75%. The BTC halving will continue until all 21 million coins are mined, sometime in the year 2140. Currently, around 19.70 million BTC coins are circulated in the cryptocurrency market.

Rajagopal Menon, vice president of WazirX – a cryptocurrency exchange in India, states that Bitcoin is eyeing a major breakout, and if successful, the target lies between $90k and $100k. Breaking free from this level could propel Bitcoin all the way to $90k-100k, driven by the next resistance and support levels within the existing parabola.

Psychologically, the 100k mark represents a significant resistance point. It’s logical for Bitcoin to pause around 90k, potentially rising above 90k but staying below 100k. This pattern aligns with typical market behavior around such round numbers, states Menon.

He also said that veteran trader Peter Brandt predicts a market top of 150k by the end of 2025. His analysis is grounded in the halving cycles, with the recent halving occurring earlier this year. Historically, halvings occur around the midpoint of the cycle, suggesting a strong bullish phase until the end of 2025. This aligns with the traditional 4-year cycle observed in previous Bitcoin trends.

As of June 6, 2024, BTC is trading at $70,982 with a market capitalization of $1.40 trillion. The halving was completed on April 20, 2024, at block height 840,000.

Note: The figures are taken from CoinMarketCap.

Can Bitcoin Reach $1,000,000 by 2025?

Bitcoin enthusiasts often make overly optimistic and sometimes unrealistic predictions for their favorite cryptocurrency. After this mini-bull run, numerous discussions have taken place around Bitcoin, the world’s largest digital coin. Some speculate that the crypto coin could reach $10 lakh by 2025.

Himanshu Maradiya, founder and chairman of CIFDAQ Blockchain Ecosystem, stated, “While predicting Bitcoin will reach $1,000,000 by 2025 might seem overly optimistic, several factors make such a scenario plausible. The increasing adoption of Bitcoin, various countries approving BTC ETF, the weakening of traditional fiat currencies due to hyperinflation, and the rising profitability for BTC miners are key drivers that could significantly boost its value.”

He also added that Standard Chartered’s recent upward revision of its BTC price prediction to $120,000 by the end of 2024 underscores the growing confidence in Bitcoin’s potential. As more investors and institutions turn to Bitcoin as a hedge against inflation, the possibility of it reaching unprecedented heights becomes more conceivable. If such sovereign funds start investing in BTC or BTC ETF, the price will undoubtedly escalate much faster, and there is no limit to price escalation because of the quantum of these funds.

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Bottom Line

Among the myriad predictions on Bitcoin, the bottom line remains that it has experienced several downfalls and has emerged stronger than before each time. Its resilient nature instills a sense of belief in crypto enthusiasts who see value in investing in decentralized currencies.

Only time can tell whether Bitcoin soars higher or faces challenges, and trading Bitcoin should be done with full awareness; your investment may yield a different return than the anticipated return.

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Bitcoin Price Prediction: Can Bitcoin Reach $1,000,000 by 2025? (2024)


How high will Bitcoin go in 2025? ›

BTC Price Prediction 2024-2030
YearMinimum Price / Maximum Price
2024$78,000 to $82,000
2025$105,000 to $112,000
3 days ago

How high can Bitcoin realistically go? ›

Projecting a 10-year growth in a volatile asset like Bitcoin seems a far-stretched notion. However, the BTC price is expected to cross $300,000 by 2030. With global adoption, a single Bitcoin could be worth a million dollars.

How much will 1 Bitcoin be worth in 2040? ›

Bitcoin Overview
YearMinimum PriceAverage Price
8 more rows

Is it possible for Bitcoin to reach $10 million? ›

Not unless there's some kind of massive hyperinflation with the U.S. dollar in the future (I presume we're talking about U.S. dollars). That's because a billion-dollar valuation would make the total value of all bitcoins higher than the value of everything else on Earth.

How much will 1 Bitcoin be worth in 2030? ›

Bitcoin (BTC) Price Prediction 2030
2025$ 64,016.80
2026$ 67,217.64
2027$ 70,578.52
2030$ 81,703.46
1 more row

How high will Bitcoin be in 2050? ›

By 2050, our long-term Bitcoin price prediction estimates that the maximum price could reach up to $11,94,927.3. With continuous developments and advancements in technology, it's possible that the average price of BTC Coin to be around $11,60,786.52.

Can Bitcoin reach $1,000,000? ›

As early as 2022, she made headlines for claiming that Bitcoin had what it takes to reach more than $1 million by 2030. However, now she is reconsidering her timeline and believes that the cryptocurrency will hit the seven-figure mark before 2030.

Will Bitcoin make it to $100,000? ›

Additionally, increased market liquidity can drive investment, further supporting Bitcoin's price surge. Thakral believes that Bitcoin reaching $100,000 in 2024 is more feasible now than ever before due to several key factors.

What could Bitcoin be worth in 10 years? ›

However, some experts have offered bold projections. Cathie Wood, the founder, chief executive officer, and chief investment officer of ARK Invest, believes that Bitcoin could be worth $1 million per coin before 2030, as adoption by institutional investors increases.

What could Bitcoin be worth in 30 years? ›

Fidelity Predicts: $1B per 1 BTC by 2038 — 2040

It claims the value of Bitcoin will grow steadily to about $1 million per full Bitcoin by 2030.

What will dogecoin be worth in 2050? ›

DOGE price predictions 2050

According to CoinCodex analysts, the DOGE price would be $1.61 in 2050, assuming the S&P 500's average yearly growth rate of 11.8%. If Bitcoin's average growth rate is used as the benchmark, the price of Dogecoin would reach a whopping $19.4 by 2050.

How many bitcoins are left to mine? ›

According to the Bitcoin protocol, the maximum number of bitcoins that can be created is 21 million. As of March 2023, approximately 18.9 million bitcoins have been mined, meaning there are around 2.1 million bitcoins left to be mined.

What is the maximum number of Bitcoin that will ever exist? ›

Since Satoshi Nakamoto first created Bitcoin, it has always had a clearly defined maximum supply of 21 million coins. The rules of the Bitcoin protocol state that when the number of bitcoin in circulation reaches the maximum supply limit of 21 million, no new units of bitcoin will be issued.

What is the maximum Bitcoin can reach? ›

The maximum supply of 21 million bitcoins will be reached around the year 2140, after which no new bitcoins can be mined. The 21 million Bitcoin limit also has important implications for the process of Bitcoin mining.

What will be the maximum price of Bitcoin? ›

Bitcoin Surpassed Its All-Time High : 2024

The price of the popular cryptocurrency has slid by 3.56% after setting a new record of $73,750, with a market capitalization reaching $1.44 trillion on March 14, 2024. Bitcoin halving was completed on April 20, 2024.

How much will $100 in Bitcoin be worth in 2025? ›

If you invest $100 right now, your investment would be worth ~$150 if Bitcoin hits $100k in 2025. If it reaches $200,000, as many analysts forecast, your investment would be worth ~$300.

What will Bitcoin reach in 10 years? ›

Dorsey, who led the social media platform from 2015 to 2021, developed a strong interest in crypto during that time and is now fully focused on the sector. Jack Dorsey believes the price of bitcoin could reach over $1 million by the end of 2030.

What is the price prediction for Bitcoin cash in 2030? ›

Bitcoin Cash (BCH) Price Prediction 2030
2025$ 397.31
2026$ 417.17
2027$ 438.03
2030$ 507.07
1 more row

What will BTC be worth in 2024? ›

Bitcoin (BTC) price per day from September 30, 2021 to June 25, 2024 (in U.S. dollars)
CharacteristicBitcoin price index in U.S. dollars
Jun 23, 202463,180.8
Jun 22, 202464,252.58
Jun 21, 202464,096.2
Jun 20, 202464,828.66
9 more rows

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