Overview
Curious about Bitcoin? The blog below breaks everything down! Learn how Bitcoin began little but expanded to reach record highs to $70,968. Learn about experts’ predictions and Google’s artificial intelligence (Gemini) as This AI predicts Bitcoin’s price volatility, influenced by laws, news, and economic trends. Learn whether investing in Bitcoin is wise and about the risks of collapses. Enter into the world of digital currencies with us! Will Bitcoin crash in the next few days? Know more about this in our article of Bitcoin Price Prediction 2024.
Pricing History of Bitcoin
- Bitcoin is a digital currency that uses blockchain technology to support transactions between a decentralised network and users.
- If we talk about the pricing history of Bitcoin, it has been seen that Catherine Duddy Wood, the CEO of Ark Invest, predicts that Bitcoin could reach $1.48 million by 2030.
- From its initial price of less than a cent, bitcoin has gone a long way. In March 2024, Bitcoin broke through the $69,000 barrier and even exceeded $73,000 before its price began to decline, establishing a new milestone.
- The idea of Bitcoin reaching a million dollars per unit shows how much progress it has made as mentioned by Nicholas Sciberras, a senior analyst at Collective Shift.
- However, Bitcoin’s value can fluctuate rapidly and reach extremely high levels. On May 9, less than two months after hitting all-time highs, the price of Bitcoin dropped below $63,000.
Latest Updates from Bitcoin
Several latest updates have come from Bitcoin Price Prediction 2024. Here are follows:
All-Time High Prices
- On March 5, 2024, Bitcoin reached a new record price of $69,170.63.
- It reached $70,083.05 on March 8, 2024.
- It hit $71,627.95 on March 11, 2024.
Price Drop and Recovery
- Before the Bitcoin halving in April, the price fell below $60,000 but went back up.
- There was also an increase in transaction fees.
Spot Bitcoin ETFs Approved
- On January 10, 2024, the U.S. SEC approved 11 spot Bitcoin ETFs.
- These ETFs started selling on January 11, 2024.
- There is a chance that other cryptocurrencies might get their own ETFs, too.
SEC Voting Details
- SEC Chair Gary Gensler and Republican commissioners Hester Peirce and Mark Uyeda voted to approve the ETFs.
- Democrats Jaime Lizarraga and Caroline Crenshaw voted against the approval.
Bitcoin prediction in 2024
CCN.com has given many predictions of Bitcoin for the year 2024. These are as follows:
January 2024
- Bitcoin price hit $47,893.70 on January 9 after a fake news tweet.
- Reached $48,969 on January 11 when ETFs came on the market.
- Dropped below $40,000 later in January but started recovering in February.
February 2024
- By February 9, Bitcoin’s price was about $47,125.
- Went above $50,000 on February 12.
- Reached $63,913 on February 28.
- By February 29, the price was around $62,650.
March 2024
- Hit an all-time high of $69,170.63 on March 5.
- Recovered to $70,083.05 on March 8.
- Reached a final all-time high of $73,750.07 on March 14.
- Dropped to below $61,000 on March 20 and April 13.
- Traded at around $66,500 on April 15.
April 2024
- After the halving on April 19, Bitcoin recovered from below $60,000.
- Traded at $63,172.40 on April 20.
- By April 22, Bitcoin’s price was about $66,500.
This article also provides predictions for upcoming years, including 2025 and 2030.
2024 Predictions
According to LongForecast, by the end of 2024, the price of Bitcoin (BTC) will be $131,981. DigitalCoinPrice predicts a little greater amount, with Bitcoin expected to reach $138,310. On the other hand, PricePrediction.net suggests that there is a lower estimate, predicting that the price of Bitcoin in 2024 maybe $85,619. Various forecasts of the probable growth of Bitcoin’s price during the year are provided by these forecasts.
2025 Predictions
Bitcoin (BTC) is expected to trade at $155,659 in 2025, according to DigitalCoinPrice, while PricePrediction.net predicts a marginally lower price of $125,603. On the other hand, LongForecast has a more hopeful situation, predicting that BTC will reach $215,844 by the middle of the year. These predictions present different angles on how the price of bitcoin might change in 2025.
2030 Predictions
According to PricePrediction.net’s long-term projection, Bitcoin (BTC) will hit $837,155 in 2030. According to DigitalCoinPrice’s lower bitcoin forecast, Bitcoin might reach $487,252 by 2030. In the meantime, Bitnation projects that Bitcoin will trade at $562,177 at the beginning of the following decade. These predictions provide insights into potential long-term trends for Bitcoin’s price.
How Google Gemini AI Predicts Bitcoin Prices
Apart from all the predictions, Google’s Gemini AI platform also provides predictions for Bitcoin. Here are as follows:
- According to Google’s Gemini AI platform, future laws, news stories, and general economic trends could cause volatility in the price of Bitcoin in the near future.
- In the intermediate run, it is possible that the price of Bitcoin may fluctuate between $40,000 and $80,000. This shows the potential for development from growing institutional investment and adoption, but there’s also a chance for corrections and market volatility.
- With the potential to hit $100,000 or more in price, the long-term outlook for Bitcoin is more positive. This optimism is predicated on elements like increasing acceptability worldwide, possible shortages, integration with traditional banking, and taking rules and unexpected developments into account.
Is bitcoin a good investment?
The most popular cryptocurrency is called Bitcoin. It has now somewhat subsided after hitting numerous all-time highs. It appears to be good news that the SEC, which generally opposes cryptocurrencies, has approved a few Bitcoin ETFs. It indicates a rise in the number of Bitcoin users. After the halving is completed, we should monitor the following developments.
Over the past 10 years, Bitcoin has remained the most popular cryptocurrency and has paved the way for others. It is likely to remain the largest for some time. To put it simply, many people confuse Bitcoin with other cryptocurrencies. Regulators are monitoring it closely, so proceed with caution. The value of cryptocurrencies can fluctuate significantly, and it may take some time for Bitcoin to return to its peak levels. It might even see another decline in value before rising. Like always with cryptocurrency, do your research before deciding if you want to invest in Bitcoin.
Will Bitcoin crash to zero?
Nobody is able to say if Bitcoin will crash. Since most forecasts regarding the price of Bitcoin are accurate, it’s crucial to be aware that forecasts frequently come out to be incorrect. Additionally, keep in mind that prices are subject to change.
