As Bitcoin recovers to $97,000, leading crypto aggregator CoinMarketCap shares some key predictions published by prominent financial institutions regarding the asset.
Bitcoin has had an incredible performance this month, soaring from $68,000 to $99,000 in two weeks. Notably, this premium asset hit an all-time high of $99,655 on November 22nd, approaching the psychological milestone of $100,000.
However, Bitcoin fell below the $91,000 level a few days later and crashed to $90,796 earlier this week. Interestingly, Bitcoin has resumed its rise, with the price soaring above $97,000 in the hours leading up to the time of writing.
top bitcoin predictions
Given Bitcoin's incredible performance, there is uncertainty about how much the asset will appreciate in the coming months and years.
Bitcoin has welcomed several bullish predictions from top financial institutions and industry leaders, each setting different goals and potential timelines for the asset to reach these milestones. Masu.
CoinMarketCap, a leading crypto asset aggregator, today compiled some of these Bitcoin price predictions and asked its followers to identify which entity predicts Bitcoin price accurately.
Image source: @CoinMarketCap, X (Twitter)
Year-end forecast
With one month left until the end of 2024, companies such as CryptoQuant, Standard Chartered, and Matrixport predict that Bitcoin will achieve different goals this year.
CryptoQuant has set a target price for Bitcoin at $141,000, while Standard Chartered and Matrixport expect Bitcoin to trade at $125,000 by 2024.
Achieving this feat would require Bitcoin to rise 44.79% from its current price of $97,380 to reach CryptoQuant's forecast of $141,000 (28.36%) and surpass the $125,000 target set by Matrixport and Standard Chartered. need to be achieved.
Bitcoin 2025 Prediction
Pantera Capital, which recently set a 2028 target for Bitcoin at $740,000, predicted in May that the asset would trade at $117,000 by August 2025. This would require a 20.14% increase from the current price of $97,380.
However, BitMEX co-founder Arthur Hayes has set a higher valuation for Bitcoin in 2025. According to his predictions, Bitcoin will soar to $250,000 by the end of 2025. To achieve this valuation, the world's largest cryptocurrency would need to rise 156.72% from its current price within 13 months.
Predictions for 2026
Additionally, prominent asset managers like Bitwise and AllianceBernstein have set modest 2026 Bitcoin price targets compared to Hayes' forecast of $250,000 by the end of 2025. .
These asset managers expect the price of Bitcoin to reach $200,000 by 2026. To reach the $200,000 goal, Bitcoin price would need to rise by 105.38% from current levels within two years.
Bitcoin predictions for 2030 and 2050
Meanwhile, other fund managers have different ambitious goals for Bitcoin, with Ark Invest predicting that Bitcoin will reach $650,000 by 2030. To achieve this ambitious goal, Bitcoin would need to rise by 567.48% from its current value over the next six years.
Additionally, VanEck offered one of Bitcoin's boldest predictions, predicting that it would soar to $2.9 million by 2050. Achieving this milestone would require a massive 2,878% appreciation over the next 26 years.
According to VanEck, Bitcoin's rise to $2.9 million will be driven by its usefulness in international trade and its role as a global reserve asset for central banks.
At the time of writing, Bitcoin is trading at $97,380, up 1.79% over the past 24 hours, with daily volume of $46.02 billion.
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