Bitcoin (BTC) Price Prediction 2023, 2024, 2025, 2026 and 2030 (in USD and INR)

Bitcoin has been the unrivalled king of the crypto town for the last 15 years. Be a small investor or a crypto whale; everyone closely watches Bitcoin price movements and any new upgrades. Even those who delve into other cryptos never miss checking out any Bitcoin price prediction because this crypto has immense power to decide the direction of the entire market.

This blog will discuss all the possibilities and factors associated with Bitcoin to give you a BTC price prediction backed by comprehensive research and analysis.

Bitcoin Price Prediction for 2023, 2024, 2025, 2026, and 2030 in USD

BTC Price Prediction for 2023, 2024, 2025, 2026 and 2030 in INR

To know the reasons and research behind this price prediction, read on.

What is Bitcoin?

Bitcoin (BTC) is the first digital currency backed by blockchain technology. It was created by an anonymous creator, Satoshi Nakamoto, in 2008 and was launched in January 2009. Bitcoin Blockchain acts as a peer-to-peer electronic cash system that employs cryptography to facilitate its transactions between sender and receiver without the need for any central authority.

To verify each transaction, Bitcoin follows a proof of work (PoW) consensus algorithm, where its network nodes compete to solve a mathematical problem proposed by the Bitcoin blockchain. This Blockchain works like a ledger with a record of all Bitcoin transactions divided into various blocks. These blocks are interconnected to form a chain of blocks, a.k .a. Blockchain.

Whichever mining node solves the mathematical problem earliest gets to verify a certain number of Bitcoin transactions that can form a block. Miners use their computation power to solve the mathematical problem and validate the transactions. Once the miner successfully validates the transactions, the miner sends the block of these transactions to the Bitcoin ledger. After these transactions add up to the Bitcoin ledger, they become immutable. In exchange for all the work done by the miner, the Bitcoin blockchain rewards them with a mining reward. This mining reward for every successful block validation is reduced to half every four years via an event called Bitcoin Halving.

The Bitcoin blockchain completed three halves in 2012, 2016, and 2020. The next Bitcoin Halving (Bitcoin Halving 2024) will take place in 2024, when the Bitcoin mining reward will reduce to 3.125 BTC. Every halving has been followed by a massive bull run for the crypto market and Bitcoin (BTC). Currently, Bitcoin (BTC) is trading at nearly $42,359.

Now that we have had our memory jogger for Bitcoin and why it is so valuable, let’s discuss the Bitcoin Price Prediction for 2023, 2024, 2025, 2026 and 2030.

Bitcoin (BTC) Price Prediction December 2023 (in USD & INR)

So far, 2023 has been a decent year for Bitcoin (BTC) as it registered a 147% surge, rising to $44000 from $17100 in the last 12 months. It broke multiple resistance levels of $30,000, $35000, and $40,000 this year. The emergence and instant popularity of Bitcoin ordinals gave Bitcoin its much-needed kick at the beginning of this year. For those who do not know, Bitcoin Ordinals allows the storage of any digital art (text, image, video, GIF, etc.) in the Bitcoin blockchain. In simple terms, they introduced a new protocol in the Bitcoin system through which anyone can authorize an NFT by the Bitcoin blockchain.

By diversifying the use cases of the Bitcoin blockchain, which was earlier usable only for peer-to-peer value transfer, Ordinals increased BTC price by nearly $2000 within a week. The momentum gained by the launch of Ordinals continued till April when BTC's price broke a significant resistance of $30,000.

After a month-long pullback period in May, the news of BlackRock, the largest asset manager in the world, applying for Bitcoin Spot ETF came in on June 15th. Soon, various other industry giants like Fidelity, Wisdom Tree, Bitwise, Invesco, Ark Invest, and VanEck followed the lead of Blackrock by applying for Bitcoin Spot ETFs. It was big news for Bitcoin adoption as the top regulator has rejected the same applications of small asset managers.

But this time, the big players with impeccable track records of getting approvals applied for Bitcoin ETFs. As a result, the BTC price slowly started to move back on track by surging to nearly $5000 within a week. BTC saw no significant price spikes in the next two months. On August 29, 2023, the possibility of Bitcoin ETFs getting approval got higher when Grayscale (a prominent crypto entity) won its years-old case against the SEC (US Securities & Exchange Commission). The court ruled on Tuesday that the SEC must review Grayscale’s application to convert its Bitcoin Trust into an exchange-traded fund. However, not much effect was seen on the Bitcoin price in September.

However, October turned out differently when Bitcoin (BTC) saw a 27% surge as the traders panic-bought BTC amid the excitement of Bitcoin ETFs. By the end of October, BTC was trading at $34,500. This rally continued but slowed in November when BTC surged over $3000. The price growth of BTC became almost parabolic in the first week of December 2023, when BTC broke its crucial $40,000 mark and even managed to hit $44,590. Due to this jump in BTC price, Bitcoin miners have sold an additional 1000 BTC worth $44 million within a week. Moreover, the recent on-chain data of this crypto reveals that a Bitcoin whale, Mara Pool, also recently booked a profit in this rally, contributing to the dump of 7% in Bitcoin price. Such significant sell-offs from miners and whales have caused Bitcoin prices to come down to $40,000.

If we talk about the last three weeks of December, investors are reaching a stage of a strong belief in the future of Bitcoin. The Bitcoin Fear and Greed Index of Bitcoin also now sits above 70 in Greed, indicating the expanding risk appetite of investors. However, the king crypto still faces the danger of a deeper correction that can take its price to as low as $37,360 in the coming days. If Bitcoin succeeds in escaping this support level, investors can expect it to showcase an uptrend again to as high as $49,400 by the end of 2023.

Thus, our Bitcoin Price Prediction for December 2023 is - $49,400 in the bullish scenario and $37,360 in the bearish scenario. The average price can fluctuate near $40,416 value. This BTC price prediction in INR would be INR 41,18,799 maximum, INR 31,14,946 minimum, and 33,69,744 INR average.

Bitcoin (BTC) Price Prediction 2024

In the cryptoverse, 2024 is poised to be a watershed year for Bitcoin because several thrilling developments are on the horizon. The first event is the high chance of at least one Bitcoin Spot ETF application getting approval by the US. SEC in January 2024. In November 2023, a leading analyst from Bloomberg reported a 90% likelihood that at least one Spot Bitcoin ETF can get approval by January 10, 2024, the deadline for Ark Invest’s Bitcoin Spot ETF application. If that happens, It will open the floodgates of institutional funds, and multiple key players from traditional finance eagerly await it.

This approval will give much-needed legitimacy to Bitcoin in the eyes of previously wary investors, along with the confidence to access Bitcoin via a tightly regulated stock market. By allowing investors to benefit from Bitcoin price movements without actually buying it, these Bitcoin ETFs can attract billions of dollars of investor funds. Another amplifying factor in this scenario is the chances of more Bitcoin ETFs getting approval on the same day due to their similarity. If this happens, the US stock market can get nearly a dozen Bitcoin Spot ETFs in the first month of 2024. All these ETFs can efficiently drive up the Bitcoin demand, paving the perfect scenario for Bitcoin prices to skyrocket.

According to Cathie Woods, the CEO of Ark Invest, one of the investment firms that applied for Bitcoin Spot ETF, it is the first time that the SEC has started to engage with spot Bitcoin ETF applicants. In usual cases, such engagement from the authority eventually leads to approvals. Since the deadlines for Ark Invest and other applications lie in January 2024, this month will be significant for the Bitcoin price to rally.

Following this, Bitcoin price can show significant green candles almost immediately. But it also means that some investors can sell off their BTC holdings to make a profit in this ETF-induced rally, causing Bitcoin to face temporary setbacks.

Another vital factor would be the timing of these approvals. As many of you know, Bitcoin Halving 2024 will reduce the new Bitcoin supply to half; thus, the approval of the Bitcoin ETF in January, stirring up the Bitcoin demand and Bitcoin supply reduction after Bitcoin Halving 2024 in April, will make the perfect recipe for the beginning of a bull market like never before.

Multiple analysis platforms have already released quite bullish BTC price predictions for 2024.

The five most popular ones are as follows:

Other factors that can affect the Bitcoin price movement in 2024 are the FED interest rate changes and the updates about crypto regulations. FED interest rate hikes directly impact the crypto market by increasing investors' risk appetite. Investors react bullishly when the FED interest rate hikes are low or null. Thus, the first two meetings of FED in 2024, which take place on January 31 and March 20, can play significant roles in the Bitcoin price movements for the Q1 of the year.

Given all these considerations, our Bitcoin Price prediction for 2024 is $80,412 in the bullish case and $63,093 in the bearish case, with an average price of $75,847. The Bitcoin price prediction for 2024 in INR is INR 67,05,054 (maximum), INR 52,60,927(minimum), and INR 63,24,403 (average).

Bitcoin (BTC) Price Prediction 2025

Investors are expecting Bitcoin Price Prediction 2025 to be highly bullish. The Historical Performance of Bitcoin is the key reason behind it. In all 3 Bitcoin halvings till now, the year after halving has turned out bullish for Bitcoin and the entire crypto market. When the first Bitcoin Halving was completed in 2012, which reduced the Bitcoin mining reward from 50 BTC to 25 BTC, Bitcoin registered a stellar surge of 8500% in less than a year.

Then, after the second bitcoin halving in 2016, the crypto again did a wild roaring by surging from $650 to $20,080 in the next 1.5 years. Bitcoin followed the same trajectory in its third bitcoin halving of 2020 when the coin reward was reduced from 12.5 BTC to 6.25 BTC. By the end of 2021, BTC's price revived from $8787 and reached its all-time high of $66000.

All these historical observations are paving the way for a bullish forecast for Bitcoin in 2025, the year after the next Bitcoin halving of 2024. Multiple prominent market analysts expect Bitcoin to mirror this historical tradition of increasing tremendously in the next year after halving. Ali, a technical crypto analyst, also shared that the bull run history of Bitcoin post-halving might repeat itself. He further shared that the next market peak can come by October 2025 if it happens. According to this analysis, BTC has nearly two years of bullish momentum ahead.

One factor to consider for the next bull run is the involvement of the institutional investors. If the Bitcoin ETFs get approved in 2024, some of the most prominent names in the financial world will fight like cats and dogs to acquire more and more bitcoins by 2025. In that case, Bitcoin can experience a mighty rally like never before. Till now, the interest of only small investors with a handful of institutional investors was driving up the Bitcoin price. But now, when big players have come into the game, the growth could go parabolic.

However, despite various evidence supporting this fact, it is suitable for investors to prepare for the worst-case scenarios, as any black swan event can bleed the market red.

Given all these factors, our Bitcoin price prediction 2025 is $ 120,765 in the bullish case and $ 85,895 in the bearish case, with $105,456 as the average. The exact BTC price prediction in INR is INR 1,00,70,060 (bullish case), INR 71,62,405 (bearish case), and INR 87,93,510 (average).

Bitcoin (BTC) Price Prediction 2026

2026 could be the year of correction for Bitcoin as the bull market driven by bitcoin halving 2024 would end by then. However, many industry experts believe the crypto market can get the much-awaited regulatory framework till then. If it happens, Bitcoin can experience some extra volatile months in 2026 as the market may have mixed reactions to the regulatory framework.

One possibility that Bitcoiners believe would come true is an extended bull run caused by a financial crisis in the USA. The founder of BitMEX, Arthur Hayes, recently made a case on the same topic by stating that a financial crisis in the USA is inevitable, and when it happens, people will prefer buying nonconventional investment classes like crypto with minimal government involvement. Considering this scenario, Hayes expects Bitcoin to hit $750,000 by 2026, mounting on out-of-control inflation and the tragic fall of the financial system.

Citing all these factors, our Bitcoin price prediction for 2026 is $1,35,841 as the potential high point and $73,836 as the likely low. The average price for that year could be $95,743. The same in INR is INR 1,13,25,614, INR 61,56,006, and INR 79,82,481, respectively.

Bitcoin (BTC) Price Prediction 2030

As per the current market sentiments, news, and improvements, Bitcoin is expected to gain mainstream adoption by 2030. With talks on crypto regulation getting louder and top financial players showing high interest in Bitcoin, mass adoption seems achievable for Bitcoin by 2030. Moreover, by then, Bitcoin will complete two halvings in 2024 and 2028, indicating the possibility of two bull runs. Due to these conditions, many analysts believe Bitcoin could be approaching a $1M price point by 2030. However, for others, it still seems like a far-fetched dream.

Below is our Bitcoin Price prediction for 2030 in USD- $776 852 (maximum), $467,212 (minimum), and $532 554 (average).

The same BTC price prediction for 2030 in INR is- INR 6,47,69,297 (maximum), INR 3,89,53,356 (minimum), and INR 4,44,01,183 (average).

Can Bitcoin Price Hit $ 1 Million by 2025?

If we look at the current bitcoin price, market sentiments, and other macroeconomic factors related to the crypto market, Bitcoin is experiencing a year of recovery. It has already surged by 142% in 2023 and is expected to give more bullish movement by January 2024.

However, for Bitcoin to hit $1M, the coin needs to have more than two highly bullish years, which seems unlikely now. Thus, it looks unattainable for BTC to hit a 1 million dollar price by 2025. However, it may be possible for it to reach this price level by the end of this decade.

Can Bitcoin Price Hit $100k in 2024?

Multiple bullish events for Bitcoin will take place in 2024. The first of these events is the chances of US-based Bitcoin ETFs getting approval, allowing stock market investors to invest directly in Bitcoin without exposure to the crypto market. This event can initiate a stampede rush of funds into Bitcoin like never before.

Next up is the pre-scheduled Bitcoin halving 2024 that might take place in April. This halving will reduce the new Bitcoin supply to 50%, generating a FOMO for investors and driving up the Bitcoin price sooner or later.

Moreover, multiple established analysis platforms like Standard Chartered, Bernstein, Coincodex, and Blockstream have given Bitcoin price predictions above $100k for 2024. Thus, Bitcoin can hit $100k in 2024.

FAQs

Will Bitcoin Rise Again?

Multiple analysts have shown complete confidence in the possibility of Bitcoin prices rising again soon. Its price has already surged more than 100% in 2023. The coin is also expected to continue this surge next year when the fourth Bitcoin halving occurs. Even the historical data of Bitcoin confirms that it is in its recovery phase and can soon boom, reaching new heights.

When will Bitcoin rise?

Predicting the exact date or month when Bitcoin will rise is not possible due to the highly volatile nature of the crypto market and the possibility of multiple unforeseen factors coming in. However, looking at the current price movement of Bitcoin, it is clear that the coin has already been rising this year by surging from $16,000 to $44,000. Most industry experts believe this rise in Bitcoin will also continue in the upcoming year.

When will Bitcoin mining end?

As per the current Bitcoin mining rate and the parameters outlined in the Bitcoin whitepaper, Bitcoin mining is anticipated to end in 2140. This outcome is primarily attributed to the systematic halving of the block reward at intervals of every 210,000 Bitcoin blocks. Due to this halving mechanism, the mining reward undergoes a consistent deduction of 50% every four years. This trend is expected to persist until the mining reward reaches the minimal unit of Bitcoin known as one satoshi; at this point, further fractional reductions will no longer be possible.

Why is Bitcoin so expensive?

The high value of Bitcoin is due to a combination of factors. Its limited supply of 21 million coins, decentralized nature, growing institutional adoption, and global recognition as a store of value contribute to its perceived scarcity and demand. Additionally, its fixed supply and the decentralized blockchain technology underline trust in the absence of traditional financial intermediaries, further fueling its perceived worth and making it a sought-after digital asset.

Will Bitcoin crash to zero?

The likelihood of Bitcoin crashing to zero seems highly unlikely based on various factors. Bitcoin's value is influenced by its finite supply, decentralized structure, institutional adoption, and global recognition as a store of value. The systematic halving of the block reward every four years, as outlined in the Bitcoin whitepaper, contributes to its scarcity. Ongoing developments, such as the potential approval of Bitcoin ETFs and upcoming halvings, further support optimistic price predictions. While market fluctuations are possible, the robust fundamentals and widespread interest suggest that a complete crash to zero is unlikely in the foreseeable future.

What is the BTC price prediction for 2024?

BTC can reach a potential high of $80,412 in 2024. Regarding likely lows, the minimum price for BTC in 2024 is $63,093. The same Bitcoin price prediction for 2024 in INR is INR 67,05,054 as the maximum value and INR 52,60,927 as the minimum value.

Where to buy Bitcoin in India?

The best platform to buy BTC in India is Flitpay. Here, you can instantly buy Bitcoin and hundreds of other cryptocurrencies at zero fees and with utmost ease.

Disclaimer: The content provided in this BTC price prediction blog is purely for informational purposes and should not be considered financial advice. Cryptocurrency markets are highly volatile and subject to rapid fluctuations. Any investment or trading decisions based on the information presented here are at your own risk. It is recommended to conduct thorough research and consult with a qualified financial advisor before making any investment decisions.