Bitcoin’s growth over the past couple of years has been impeccable. Even since its inception, the asset has surged by a staggering 197690900.91%. The world’s largest cryptocurrency went from being sidelined to being embraced by governments across the globe. This increased adoption followed by the halving pushed the price of BTC over the $100,000 mark. As the community awaits more adoption and increased interest from the US government, the next couple of years could be significant for the king coin.
A Look Into Bitcoin’s Current Market
The world’s largest cryptocurrency has been struggling to get back up the $100,000 mark. At the time of writing, Bitcoin was trading at $95,938.10 following a nearly 2% drop over the past 24 hours. It should be noted that BTC surged all the way to a high of $109,114.88 back in January. The king coin is currently 11% below this peak.
While some believe that BTC could reach $200,000 this year, a few others have been skeptical. Amidst this, prominent trader Pete Brandt dismissed a strong prediction. According to his most recent technical analysis, the most well-known cryptocurrency would have trouble breaking over the desired $200,000 barrier before 2030.
2030 Price Prediction
Data from CoinCodex reveals a rather optimistic prediction for Bitcoin over the next five years. It is projected that Bitcoin will trade at a maximum price of $295,577 in 2030. This peak is expected to be attained during the very first month of 2030. Compared to the present rates, this may yield a potential return on investment of 207.68%. This further results in an average yearly price of $266,129. In addition, the lowest price level that BTC will be priced at is $ 198,574 during the final month of the year.
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