Today, Bitcoin has become one of the most favorable investment options. Even though the price easily fluctuates, many people still believe they can earn huge profits by investing in Bitcoin. Let’s find out experts’ predictions on Bitcoin (BTC) price in 2022, based on the previous Bitcoin price prediction in 2021 and earlier years.
Bitcoin (BTC) news update
Despite the bear market, Elon Musk still holds over US$218 million of Bitcoin, as reported by Decrypt.
BTC current price is US$20,124.30 as of 28 October with a 24-hour trading volume of US$923.07 million.
Based on Bloomberg, Bitcoin retail trading will be legalized in Hong Kong despite the crypto ban in China.
Bitcoin price movement in recent years
When we discuss Bitcoin price development and movement since its creation, it will take an undeniably long time as this cryptocurrency was created back in 2009.
Since then, Bitcoin price has fluctuated quite a lot, just like any other cryptocurrency. To find out Bitcoin volatility level, we’ve tracked Bitcoin price movement in 2021.
According to CoinMarketCap, on 9 January 2021, Bitcoin price increased by 559% compared to the previous year. One factor that accounts for this boost is Bitcoin Taproot update.
Bitcoin needed less than one month in 2021 to hit its price record in 2020. BTC price skyrocketed to US$ 40,000 on 7 January 2021.
Then, in mid-April 2021, Bitcoin hit its All-Time High of US$ 60,000. This huge increase was due to Coinbase decision to go public on 14 April 2021.
Unfortunately, throughout the summer of 2021, BTC price dropped by 50% and reached its lowest level at US$ 29,000 on 19 July 2021.
A few months later, in September 2021, BTC rebounded to US$ 52,693, but only temporarily. Around two weeks later, there was a massive withdrawal, causing the price to drop once again to US$ 4,709.
On 7 November 2021, Bitcoin reached its All-Time High at US$ 67,549. It was the highest Bitcoin price throughout 2021.
Then, in early December 2021, the price dropped to US$ 49,243. When we published this article on 9 June 2022, according to CoinMarketCap, BTC to USD is at US$ 30,252.27.
Experts’ Prediction of Bitcoin Price in 2022
Bitcoin price is still falling today. At this condition, what would Bitcoin price prediction be like in 2022?
Every cryptocurrency expert certainly has a different analysis or prediction of Bitcoin price. However, despite the recent volatility and the price decrease, many of them still have faith that Bitcoin would be able to reach US$ 100,000.
According to TechNewsLeader Bitcoin price prediction 2022, Bitcoin will remain at US$ 42,664.
Meanwhile, DigitalCoinPrice predicted that Bitcoin would conclude this year at US$ 43,011. This number is slightly higher than TechNewsLeader prediction.
Another Bitcoin price forecast from CryptoPricePredictions mentions that according to the current Bitcoin price, Bitcoin may reach approximately US$ 37,450 at the end of this year.
Experts’ Prediction of Bitcoin Price in 2023
According to CryptoNewsz, Bitcoin (BTC) price in 2022 would exceed US$ 70,000 and stay steady at that level.
The site also predicted that the lowest Bitcoin price would stay at US$ 65,000 this year. Meanwhile, the analysts expected that the highest Bitcoin price would reach beyond US$ 72,000 in 2023.
Experts’ Prediction of Bitcoin Price in 2024
CryptoNewsz predicted that Bitcoin would begin its journey in 2024 by staying at US$ 78,000 on average.
BTC maximum trade value would be around US$ 85,000 in 2024. Compared to the previous year, Bitcoin price tends to significantly increase in 2024, along with other cryptocurrency.
Experts’ Prediction of Bitcoin Price in 2025
Based on changelly.com, BTC price will rise even higher in 2025. The site predicts that Bitcoin will be traded at US$ 124,520.58 on average with a maximum of U$ 137,071.13.
Business2community is on the other hand less positive about BTC price rise and forecast that BTC price will increase to US$ 80,000 by the end of 2025
Experts’ Prediction of Bitcoin Price in 2026
Priceprediction.net‘s experts believe that the price of Bitcoin will reach a maximum of US$ 214,232.74 and a minimum of US$ 181,308.21 with the average price at US$ 186,289.04 in 2026.
Meanwhile, Ambcrypto sees more potential in Bitcoin and forecast that Bitcoin price will end 2026 at US$ 274,279.582 on average.
Experts’ Prediction of Bitcoin Price in 2027
According to ambcrypto’s price prediction, BTC seems to have a very bright future as it will start the year at an average of US$ 280,279.966 and will end 2027 at US$ 369,103.045, with a minimum and maximum of US$ 343,265.831 and US$ 394,940.257.
Priceprediction.net on the other hand predicts that the maximum price of BTC in 2027 can rise to US$ 306,558.57, with a minimum of US$ 260,604.85.
Experts’ Prediction of Bitcoin Price in 2028
Based on technewsleader‘s research and analysis, Bitcoin price will increase as high as US$ 386,385.43 in 2028 with the expected average price at US$ 319,069.36.
However, Priceprediction.net is more optimistic about BTC performance. The site forecasts that the coin price will hike to US$ 454,445.60 in 2028 with a minimum of US$ 374,918.77.
Experts’ Prediction of Bitcoin Price in 2029
Bitcoin maximum price will rise to US$ 527,917.79 with an average price of US$ 477,253.81 according to technewsleader‘s analysis. While ambcrypto predicts that Bitcoin maximum price will be as high as US$ 715,220.082 with a minimum price of US$ 621,639.884.
Cryptocurrency experts pointed out this scarcity as “Bitcoin charm”.
“Even though it has a fixed amount of supply, market demand still grows,” said Alexis Johnson, president of public relations and blockchain-specific event company, Light Node Media, according to NextAdvisor.
Other experts said that Bitcoin is superior due to its limited supply and people are racing to own the coin.
“It is the reason people purchase these coins, psychological aspect,” said Nelson Mercan, Light Node Media co-founder.
High Bitcoin Adoption
Another main factor that boosts Bitcoin price is the increasing adoption rate. Today, more people are willing to buy and explore the fascinating world of cryptocurrency, according to Kate Waltman, a cryptocurrency CPA specialist as reported by Yahoo! Finance.
“Cryptocurrency technology is being adopted at a faster speed than human first adopted the internet,” he said. With that assumption, the high adoption rate of this cryptocurrency will further boost the Bitcoin price.
According to CoinShares, a digital asset management data, Bitcoin adoption has increased by 113% on an annual scale.
Mining Bitcoin and Mining cycle
Another important factor behind Bitcoin price hike is a cycle known as halving. Halving is an algorithmic attempt to cut half of the number of coins in circulation.
Halving might affect the number of new coins entering circulation, which may later affect Bitcoin price itself.
What Should Be Done if Bitcoin Price Drops?
Bitcoin is not the only cryptocurrency experiencing a price drop today. In fact, the whole cryptocurrency world is under extreme fear and huge pressure due to the US Federal Reserve policy in tightening its monetary policy and increasing interest rates, pushing many other cryptocurrency’s price to fall, including Ethereum, XRP, Cardano, and many other coins. In fact, the same US Federal Reserve policy also affects major global stock exchanges.
In this uncertain condition, what should we do to avoid further loss?
Stay Calm, Avoid Panic Selling
Avoid panic selling or buying because they tend to worsen your investment portfolio. Do it and you shall regret it. During this harsh condition, you may need to ease the stress, and keep a clear mind so you can make the right investment decision and not fall into a huge loss.
It would be great if you could consult or discuss it with someone with more experience on this subject before deciding to buy or sell an asset in this challenging situation.
Is It Too Late to Buy Bitcoin in 2022?
According to the price predictions presented by the above experts and observers, Bitcoin is still going to rise. We can still have hope for Bitcoin in 2022.
Even so, no one knows for sure how Bitcoin and other cryptocurrency would end up this year. However, just like those previous years, Bitcoin has still been one of the greatest choices for long-term cryptocurrency investment, despite its high volatility.
Cryptocurrency might be a popular investment option in 2021, yet it doesn’t mean it is the only path for you. Before choosing to invest in a certain currency, remember to #DYOR.
You can also monitor Bitcoin with Cup and Handle. Check what it is here.
In Singapore, Bitcoin use cases are expanding adopt. Check out biexm guide on How to buy Bitcoin in Singapore.
Experts’ Prediction of Bitcoin Price in 2030
Priceprediction.net is positive that BTC price has the potential to reach US$ 937,274.64 at the maximum with an average of US$ 798,474.46.
Ambcrypto seems to be very confident about Bitcoin price as well. The site’s expert thinks BTC price can increase to US$ 962,484.728 with a minimum of US$ 836,552.147.