How much will bitcoin cost

Bitcoin Price Analysis in 2020\2025: How Much Might Bitcoin be Worth?

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Bitcoin has been one of the biggest investments of the century, perhaps even the millennium. When it debuted in 2009 it was worth a mere $0.06 per coin, now it is currently $8,500, and it topped out at about $20,000 per coin.

Sure, since it peaked back in December 2017, it has lost more than half its value, but people are more confident in Bitcoin than ever and it has moved from deepest reaches of the dark web to the mainstream.

People are betting and believing in Bitcoin in a big way. It is here to stay with lots of confidence behind it.

Bitcoin future price prediction

Everyone wants to know where Bitcoin is headed. Many early investors made millions and now they want to do it again and newcomers want to replicate that big gain that can mint them as millionaires, too. There is much speculation as to where that price will go; most think it can only go up due to more interest—demand in this instance—and it is a limited supply of only 21 mln coins. Let’s look at some prediction of bitcoin price over several periods.

Bitcoin prediction 2020

Within the next two years, there are some wild price predictions out there. John McAfee, the founder of McAfee Associates, a computer security software company, originally said that Bitcoin would rise to $500,000 by 2020. Later, he doubled down and said it would reach $1 mln by 2020 and also bet that if it didn’t he would dine on his own man parts if he was not correct. That is a bet not many are willing to make, so this proves his confidence in Bitcoin to soar!

Tom Lee, co-founder of the market strategy firm Fundstrat Global Advisors, wagered that his Bitcoin 2020 prediction would be able to make it to $91,000 by 2020, perhaps a bit more of a reasonable guess given Bitcoin’s bull-bear dielectric movement.

A third, rather conservative compared to McAfee’s wager, is $50,000 put forth by Ronnie Moas. He is the founder and director of research at Standpoint Research, an accounting firm for traditional investments. These more conservative figures seem more realistic that these cries that Bitcoin is going to the moon and will be millions. That just does not seem possible. However, let’s not rule it out completely, because in this world almost anything impossible can happen.

Bitcoin price prediction 2025

Looking back at charts depicting Bitcoin’s meteoric rise over a short time, one starts to question how to really make an accurate prediction the further you move away from the present. Given Bitcoin’s volatility, it is easy to guess that by 2025 it could be worth as much as $150,000 per coin if some of the conservative predictions manage to come to fruition.

However, some true believers out there feel that Bitcoin’s price could hit $500,000 by 2025! McAfee’s bet is still not looking good, his original price prediction of $500,000 in 2020 is five years past the cutoff date!

Bitcoin price prediction 2030

Even further out, the Winklevoss twins, famous Bitcoin millionaires, proclaim that the market cap for Bitcoin will reach $5 tln by 2030. At this time point, there is much uncertainty in the Bitcoin future predictions.

What is pretty certain is that Bitcoin is here to stay. It has a lot going for it to keep it around for a long time to come. Infamous founder of Megaupload, Kim Dotcom, think Bitcoin will soar to $100,000 by 2030. Finally, Hamath Palihapitiya, the founder of Social Capital and co-owner of the Golden State Warriors, has a Bitcoin rate prediction that it will hit $1 mln per coin after 2030.

Bitcoin staying power attributes

The following three factors will support Bitcoin in the long run. These attributes make Bitcoin what it is and will maintain it. These coupled with general recognition, are only positives for Bitcoin, making the Bitcoin prediction in 2020 all the more possible.

First cryptocurrency: Bitcoin was the first crypto and has been around the longest, it has the first mover prowess.

It’s all in the name: Bitcoin is well, just that. It has instant name recognition, it markets itself.

Name association: mention Blockchain or cryptocurrency and people instantly think of Bitcoin

Big Bitcoin bosses weigh in

Below is a list of some of the biggest names in Bitcoin and crypto and that they think about the impending growth.

Wences Casares – $1 mln (by 2027)

Chamath Palihapitiya – $1 mln(by 2037)

John McAfee – $500,000 (by 2020)

Jeremy Liew – $500,000 (by 2030)

Mark Yusko – $400,000 (no date)

Kay Van-Petersen – $100,000 (by 2027)

Tom Lee – $91,000 (by 2020)

Tai Lopez – $60,000 (mid-term)

Ronnie Moas – $50,000 (2020)

Thomas Glucksmann – $50,000 (2018)

Ran Neuner – $50,000 (end of 2018)

Masterluc – $40,000 to $110,000 (by 2019)

Mike Novogratz – $40,000 (by the end of 2018)

Trace Mayer – $27,395 (by Feb 2018)

Winklevoss Twins – $5 tln market cap (by 2028 – 2038)

Bitcoin will come back

Now, looking at the information presented above, there is a lot of positive belief that Bitcoin is going to go up, up, up — maybe to the Moon as some have quipped. However, there are the naysayers, the ones who think Bitcoin will crash and burn and return to being worth pennies.

However, they are probably just jealous that that missed out on the first big rally round to make millions. The big suggestion here is to jump on the next tide and ride the wave high, don’t be a hater.

Eric Eissler is based in Chicago and works in higher-education administration and finance. He is a freelance writer covering blockchain technology, fintech, cryptocurrency, the oil and gas industry, and international politics.

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BTC Price Live Data

The live Bitcoin price today is $37,453.29 USD with a 24-hour trading volume of $40,632,397,573 USD. Bitcoin is down 1.03% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $701,584,390,723 USD. It has a circulating supply of 18,732,250 BTC coins and a max. supply of 21,000,000 BTC coins.

If you would like to know where to buy Bitcoin , the top exchanges for trading in Bitcoin are currently Binance, Huobi Global, ZG.com, OKEx, and Bybit. You can find others listed on our crypto exchanges page.

What Is Bitcoin (BTC)?

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.

Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”

Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

Who Are the Founders of Bitcoin?

Bitcoin’s original inventor is known under a pseudonym, Satoshi Nakamoto. As of 2020, the true identity of the person — or organization — that is behind the alias remains unknown.

On October 31, 2008, Nakamoto published Bitcoin’s whitepaper, which described in detail how a peer-to-peer, online currency could be implemented. They proposed to use a decentralized ledger of transactions packaged in batches (called “blocks”) and secured by cryptographic algorithms — the whole system would later be dubbed “blockchain.”

Just two months later, on January 3, 2009, Nakamoto mined the first block on the Bitcoin network, known as the genesis block, thus launching the world’s first cryptocurrency.

However, while Nakamoto was the original inventor of Bitcoin, as well as the author of its very first implementation, over the years a large number of people have contributed to improving the cryptocurrency’s software by patching vulnerabilities and adding new features.

Bitcoin’s source code repository on GitHub lists more than 750 contributors, with some of the key ones being Wladimir J. van der Laan, Marco Falke, Pieter Wuille, Gavin Andresen, Jonas Schnelli and others.

What Makes Bitcoin Unique?

Bitcoin’s most unique advantage comes from the fact that it was the very first cryptocurrency to appear on the market.

It has managed to create a global community and give birth to an entirely new industry of millions of enthusiasts who create, invest in, trade and use Bitcoin and other cryptocurrencies in their everyday lives. The emergence of the first cryptocurrency has created a conceptual and technological basis that subsequently inspired the development of thousands of competing projects.

The entire cryptocurrency market — now worth more than $300 billion — is based on the idea realized by Bitcoin: money that can be sent and received by anyone, anywhere in the world without reliance on trusted intermediaries, such as banks and financial services companies.

Thanks to its pioneering nature, BTC remains at the top of this energetic market after over a decade of existence. Even after Bitcoin has lost its undisputed dominance, it remains the largest cryptocurrency, with a market capitalization that fluctuated between $100-$200 billion in 2020, owing in large part to the ubiquitousness of platforms that provide use-cases for BTC: wallets, exchanges, payment services, online games and more.

Related Pages:

Looking for market and blockchain data for BTC? Visit our block explorer.

Want to buy Bitcoin? Use CoinMarketCap’s guide.

How Much Bitcoin Is in Circulation?

Bitcoin’s total supply is limited by its software and will never exceed 21,000,000 coins. New coins are created during the process known as “mining”: as transactions are relayed across the network, they get picked up by miners and packaged into blocks, which are in turn protected by complex cryptographic calculations.

As compensation for spending their computational resources, the miners receive rewards for every block that they successfully add to the blockchain. At the moment of Bitcoin’s launch, the reward was 50 bitcoins per block: this number gets halved with every 210,000 new blocks mined — which takes the network roughly four years. As of 2020, the block reward has been halved three times and comprises 6.25 bitcoins.

Bitcoin has not been premined, meaning that no coins have been mined and/or distributed between the founders before it became available to the public. However, during the first few years of BTC’s existence, the competition between miners was relatively low, allowing the earliest network participants to accumulate significant amounts of coins via regular mining: Satoshi Nakamoto alone is believed to own over a million Bitcoin.

Mining Bitcoins can be very profitable for miners, depending on the current hash rate and the price of Bitcoin. While the process of mining Bitcoins is complex, we discuss how long it takes to mine one Bitcoin on CMC Alexandria — as we wrote above, mining Bitcoin is best understood as how long it takes to mine one block, as opposed to one Bitcoin.

How Is the Bitcoin Network Secured?

Bitcoin is secured with the SHA-256 algorithm, which belongs to the SHA-2 family of hashing algorithms, which is also used by its fork Bitcoin Cash (BCH), as well as several other cryptocurrencies.

What Is Bitcoin’s Role as a Store of Value?

Bitcoin is the first decentralized, peer-to-peer digital currency. One of its most important functions is that it is used as a decentralized store of value. In other words, it provides for ownership rights as a physical asset or as a unit of account. However, the latter store-of-value function has been debated. Many crypto enthusiasts and economists believe that high-scale adoption of the top currency will lead us to a new modern financial world where transaction amounts will be denominated in smaller units.

The top crypto is considered a store of value, like gold, for many — rather than a currency. This idea of the first cryptocurrency as a store of value, instead of a payment method, means that many people buy the crypto and hold onto it long-term (or HODL) rather than spending it on items like you would typically spend a dollar — treating it as digital gold.

Crypto Wallets

The most popular wallets for cryptocurrency include both hot and cold wallets. Cryptocurrency wallets vary from hot wallets and cold wallets. Hot wallets are able to be connected to the web, while cold wallets are used for keeping large amounts of coins outside of the internet.

Some of the top crypto cold wallets are Trezor, Ledger and CoolBitX. Some of the top crypto hot wallets include Exodus, Electrum and Mycelium.

How Is Bitcoin’s Technology Upgraded?

A hard fork is a radical change to the protocol that makes previously invalid blocks/transactions valid, and therefore requires all users to upgrade. For example, if users A and B are disagreeing on whether an incoming transaction is valid, a hard fork could make the transaction valid to users A and B, but not to user C.

A hard fork is a protocol upgrade that is not backward compatible. This means every node (computer connected to the Bitcoin network using a client that performs the task of validating and relaying transactions) needs to upgrade before the new blockchain with the hard fork activates and rejects any blocks or transactions from the old blockchain. The old blockchain will continue to exist and will continue to accept transactions, although it may be incompatible with other newer Bitcoin clients.

A soft fork is a change to the Bitcoin protocol wherein only previously valid blocks/transactions are made invalid. Since old nodes will recognise the new blocks as valid, a soft fork is backward-compatible. This kind of fork requires only a majority of the miners upgrading to enforce the new rules.

Some examples of prominent cryptocurrencies that have undergone hard forks are the following: Bitcoin’s hard fork that resulted in Bitcoin Cash, Ethereum’s hard fork that resulted in Ethereum Classic.

https://coinmarketcap.com/alexandria/article/bitcoin-vs-bitcoin-cash-vs-bitcoin-svBitcoin Cash has been hard forked since its original forking, with the creation of Bitcoin SV.

What Is the Lightning Network?

The Lightning Network is an off-chain, layered payment protocol that operates bidirectional payment channels which allows instantaneous transfer with instant reconciliation. It enables private, high volume and trustless transactions between any two parties. The Lightning Network scales transaction capacity without incurring the costs associated with transactions and interventions on the underlying blockchain.

How Much Is Bitcoin?

The current valuation of Bitcoin is constantly moving, all day every day. It is a truly global asset. From a start of under one cent per coin, BTC has risen in price by thousands of percent to the numbers you see above. The prices of all cryptocurrencies are quite volatile, meaning that anyone’s understanding of how much is Bitcoin will change by the minute. However, there are times when different countries and exchanges show different prices and understanding how much is Bitcoin will be a function of a person’s location.

Where Can You Buy Bitcoin (BTC)?

Bitcoin is, in many regards, almost synonymous with cryptocurrency, which means that you can buy Bitcoin on virtually every crypto exchange — both for fiat money and other cryptocurrencies. Some of the main markets where BTC trading is available are:

If you are new to crypto, use CoinMarketCap’s own easy guide to buying Bitcoin.

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