As the first crypto asset was introduced, Bitcoin held the attention of every investor in the world. As those following the rise and fall of these crypto-assets will tell you, 2022 has been an unpredictable year for Bitcoin.
This article will give you more information about Bitcoin price prediction 2025.
In Oct 2021, Bitcoin saw an all-time high of $69,374. However, soon after, the crypto asset saw a harsh fall in its price. In the past thirteen years, Bitcoin has seen various highs and lows. However, this year’s record has made investors question whether or not it is time to enter this market due to its unpredictability.
Therefore, after careful research, we have concocted this article on Bitcoin prediction that will provide you with all the information you need on the future price of these crypto assets.
Unocoin — Crypto Ka Super App is one of India’s leading crypto assets trading platforms. The platform has an industry-leading API and expert team of partners and advisors that assist over 2 million investors in trading crypto-assets like Bitcoin. Launched in 2013, Unocoin has partnered with over 45 top investors from five countries.
The history of Bitcoin price action
While Bitcoin continued to garner interest between 2008 through 2010, the price of Bitcoin did not come into focus until 2010, when it was spotted that the transactions completed through Bitcoin were not verified. . During this time, the price of Bitcoin was less than $0.01.
The price of Bitcoin rose from $1 in April 2011 to $32 in June in the same year. Before April, investors who had mined their Bitcoin saw a 3200% increase in their investments. However, this rise was short-lived. In November 2011, the price of Bitcoin plummeted to $2.
Even a Bitcoin prediction tool could not predict the rise that followed. In November 2013, the price of Bitcoin rose to $1,000. This steep increase in the price captured the attention of international investors. The steep rise was seen by a fall. Another rally was not seen until December 2017, when the price of Bitcoin rose from around $1,000 to $20,000. This placed Bitcoin in the limelight and gathered the attention of international investors and government bodies. This garnered attention and decreased the price of Bitcoin down to approximately $7,000 in December 2019.
The 2020 global shutdown due to the pandemic saw a steep increase in the price of Bitcoin. Bitcoin traded at $7,000 in January 2020 rose to $18,000 in November 2020 and then to $65,000 in March 2021. This sharp increase and decrease were also influenced by Bitcoin halving.
Bitcoin is acquired through mining, the use of computational power to verify Bitcoin transactions. The miner receives Bitcoin as a reward for authenticating a set number of transactions. Every four years, this reward is halved. At the time of launch, the reward was 50 Bitcoin. However, after the first half, it became 25. After the second halving (2016) and third (2020), the price was reduced to 12.5 and 6.25, respectively.
Following each halving, the price of Bitcoin has increased steeply. The first halving saw an increase from $12 to $1,150. The second halving saw a rise from $650 to $20,000, and the latest halving saw an increase from $8,500 to $69,000.
As the halving continues, miners have lower incentives for authenticating transactions. A miner who earned 50 Bitcoin now receives only 6.25. This is a factor that many Bitcoin prediction market experts consider for Bitcoin prediction.
Bitcoin price prediction 2025
Different experts hold different thoughts on Bitcoin price prediction 2025.
Experts’ thoughts on Bitcoin’s future
A panel of 42 Bitcoin experts expect Bitcoin to be worth $318,417 by 2025. And therefore, holding onto your Bitcoin investment may be a good payoff. Justin Chuh, the senior trader at Wave Financial, said that inflation and halving in 2024 will be the reasons for the increase in the price of Bitcoin during the same period.
55% of the panellists think that Bitcoin will become the asset of choice for developing countries. El Salvador is the first country to provide a legal tender for Bitcoin. Several other countries have also submitted similar tenders to beat inflation. Pavel Shkitin, CEO of Nominex, expects Bitcoin price prediction for 2025 will be over $500,000, and the crypto asset will replace gold as a reserve asset.
The Bitcoin prediction market has varied views on the price of Bitcoin in 2025. While over 33% of panellists think Bitcoin will become the asset of choice for developing countries within the next ten years, an equal amount says that Bitcoin will not replace traditional currency. In the end, over 55% of the panellists recommended buying Bitcoin, while 38% asked to hold and maintain your position. Only 7% recommended selling.
While all crypto experts have the same opinion, most believe Bitcoin price prediction for 2025 will range over $100,000 per BTC. The increased institutional adoption and further advancements in the same field will influence the cost of Bitcoin.
Bitcoin will also increase value when large investors like Elon Musk participate in the action. Whether you rely on these thoughts or not depends upon your financial planning. However, one thing can be said with certainty: Bitcoin’s adoption and value will increase in the upcoming years.
- Is it too late to buy Bitcoin?
No, it is never too late to buy Bitcoin. Bitcoin’s price is expected to grow with increased institutional adoption and recognition. Therefore, you can still buy Bitcoin if it aligns with your financial risk plan.
2. How many Bitcoin are left to be mined?
Bitcoin is currently capped at 21 million. Out of the total, almost 19 million Bitcoin have already been mined. Bitcoin prediction tools predict that approximately 2 million Bitcoin are yet to be mined.
Unocoin is India’s first and the most secure bitcoin trading app. This exchange app was founded in 2013. You can buy and sell bitcoin instantly using the Instant Buy and Sell feature. Not just this, you can also buy ETH and Sell ETH in no time. With more than eighty-seven coins listed on this best cryptocurrency exchange in India, you can also accept bitcoin from your friends from any location. You can also know which
cryptocurrency works best for you with the price ticker and notifications. The most popular cryptocurrencies like Bitcoin (BTC), Ether (ETH), USDT (Tether), BNB, Ripple (XRP), Cardano (ADA), Solana (SOL), Binance USD (BUSD), Dogecoin (DOGE), Polkadot (DOT) and other popular altcoins can be traded on the go. The new Android and iOS applications make Unocoin the best cryptocurrency app. With the unique feature of the Systematic Buying Plan, you can buy and sell bitcoin and Ether periodically. What more? You can start your crypto journey using SBP for as little as INR 10. With another exciting feature called Crypto Basket, you can diversify your crypto portfolio based on market capitalisation (Market Cap) or Volume. These two excellent features make Unocoin the best cryptocurrency platform.
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Crypto products are unregulated as of this date in India. They could be highly volatile. At Unocoin, we understand that there is a need to protect consumer interests as this form of trading and investment has risks that consumers may not be aware of. To ensure that consumers who deal in crypto products are not misled, they are advised to DYOR (Do Your Own Research).