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Bitcoin optimism rises after Non-Farm Payrolls report

Bitcoin Price Prediction 2022 is $36,851 (Aggregated)

Bitcoin Price Prediction 2025 is $95,221

Bitcoin Price Prediction 2030 is $524,318

The Outlook for Bitcoin is Positive

Crowd Poll Forecast for August: 41% believe BTC will rise above $30k in August (This is up 12% from yesterday)

Crowd Poll Forecast: 74% believe it is a good time to buy Bitcoin

Detailed predictions and analysis of how Bitcoin gets its value, why is it volatile, what is its performance track record, and most importantly, is it the right time to invest in Bitcoin?

Bitcoin Price [1 Bitcoin in USD]

Bitcoin was trading 0.16% higher at $23,174. Market Cap: $442 B, Trading Volume: $27.2 B

  1. The Non-farm payroll report showed nearly 550k jobs added. However, a large proportion of them are likely part-time jobs
  2. Some analysts are worried about Bitcoin’s low trading volumes and are expecting a move lower during the weekend
    1. In 2021, BTC rose 17% between July 5th and August 4th with an average trading volume of $25.7 B. Bitcoin’s market cap was above $600 B. This year, during the same period, the average volume is $30.5B and BTC’s price rose just 12%, Bitcoin’s market cap is about $400 B. While it is requiring more effort to move Bitcoin higher, the effort will fall if inflation falls much lower without impacting employment
  3. BTC has been on a steady path higher from June 18th which means it is on solid ground (for now) and it is unlikely to crash again unless July Inflation data is a shocker. However, with crude prices at least 10% lower than in June, it is likely Inflation may have peaked in June.
  4. The only red flag is the crisis in Europe where energy availability and prices are shooting through the roof

Bitcoin Price Predictions 2022, 2025, 2030 and Expert Forecasts

Bitcoin Price: Expert Predictions

  • Anthony Scaramucci, Bitcoin’s fair value is $40k
  • Kraken, $322478 (Timeframe unclear)
  • OANDA, No BTC rise until rate hikes
  • Vijay Ayyar, Luno, BTC to fall to $13k
  • Michael Safai, Dexterity Capital, BTC to hit $10k
  • Bitmex CEO BTC at 1 Million
  • Deutsche Bank forecasts that BTC will rise to $28k by the end of this year.
  • Arcane research: Bottom of $10,350 by Q4
  • British Bookmakers (Betting Odds): Chance of Bitcoin below $20k by end of 2022: 58% (Very high)
  • PWC Survey of Crypto Fund Managers – 77% are predicting Bitcoin above $50k by year-end
  • Blockstream CEO Adam Black, Bitcoin will rise to $100k in 2022
  • NEXO Co-Founder Antoni Trechev – $100k by June 2023
  • Bloomberg Intelligence – $100k by 2025

10k Jackpot NewSizes EH 07 3

Our aggregated forecast suggests that BTC price will rise to a maximum of $36,851 this year. In 2025, the maximum predicted Bitcoin price by this aggregated method is $95,221. In 2030, our method predicts the maximum price of 1 BTC to hit $524,319.

Bitcoin Price Prediction 2022

Since the bottom of June 18th, Bitcoin has been making higher highs and higher lows. However, the potential is huge as Brent Crude (a surrogate for Inflation has fallen 18% since June 8th), Bitcoin price is trading 24% below June 8th. Given the high negative correlation, BTC will rise way higher.

Screenshot 2022 08 03 at 7.13.14 AM

The BTC Price Prediction 2022 is $36,851. This will change depending on the size and nature of any recession.

In 2022, Bitcoin price was in the mid $30k levels when the Fed announced it would reduce its balance sheet. It then fell far more steeply than in 2017 given that investors have a much wider range of options now than in 2017. A 100% rise from the bottom of 2022 could take Bitcoin to about $35k.

So Will Bitcoin rise again above $30k this year? The odds are quite high that Bitcoin will rise to anywhere between $28k and $35k by the end of the year. The biggest risk to this forecast is a deep recession Globally.

Bitcoin Price Prediction 2025

Bitcoin momentum is likely to sustain in 2025 as economies recover. However, regulations are likely to increase as well. The aggregated Bitcoin Price Prediction 2025 at $95,220. This is almost 4.1 times higher than Bitcoin price today.

Bitcoin Price Prediction 2030

However, we expect a substantial bump between 2025 and 2030 when many middle-income countries are likely to invest substantial pools in the Bitcoin economy. The aggregated Bitcoin Prediction in 2030 is $524,319. This is 22 times higher than today.

When will Bitcoin go back up?

Bitcoin Forecast: Performance in 2022

While the crash in prices would be a dampener in the short run, the long-run demand will continue to push the prices higher. Particularly so as the supply of Bitcoins being mined will fall by half in 2025, just 2 and half years from now. With reduced supply, the volatility is likely to diminish.

Last 5 Days YTD
Bitcoin -1.3% -51.9%
NASDAQ +1.6% -20.6%
Ethereum -0.2% -55.5%

Ethereum Price Prediction

Bitcoin Prediction: Is Bitcoin a Good Investment?

Bitcoin has delivered positive returns for most of the last 10 years.

Bitcoin Price Prediction and Forecast: Investor Optimism towards Bitcoin is rising again

  • Bitcoin has delivered positive returns in 9 out of 11 years
  • 2018 was the most difficult year which also coincides with the year the Federal Reserve reduced the size of its balance sheet. During that year, Bitcoin closed 74% lower than the previous year. It took Bitcoin 3 years to recover.
  • Unlike Alts or even Ethereum, Bitcoin has been there for a fairly long time and with a record of proven performance.
Price
2021 Closing price $46,306
2020 Closing Price $28,994
2019 Closing Price $7,216
2018 Closing Price $3,740
2017 Closing price $14,156
2016 Closing Price $964
2015 Closing Price $431
2014 Closing Price $320
2013 Closing Price $754
2012 Closing Price $13.5
2011 Closing Price $4.3
2010 Closing Price $0.3

That said, there could be short-term instability: Unpredictable turn related to the Russian Invasion of Ukraine, a New Geopolitical Crisis not seen at the moment, new food-related supply chain issues, unpredictable weather conditions impacting food supply, Political gridlock or showmanship in the US owing to the November elections.

BTC Price Prediction: Price Outlook today

Indicator Trend
Overall Outlook Positive
1. Market’s Wisdom Positive
1a. Market Data Higher
1b. Technical Recommendation Buy
2. Crowd’s Wisdom Positive
2a. Crowd’s Buzz Higher
2bSocial Media Sentiment Higher

Read: Shiba Inu Price Prediction

Bitcoin Prediction: Tweets related to BTC Price

Bitcoin Prediction: What factors influence Bitcoin Price?

Factors that have a Positive influence on BTC Price Factors that have a Negative influence on BTC Price
Liquidity
Bitcoin Adoption
Inclusion in mainstream ETFs
Supply of BTC from Miners (Lower)
Cost of producing a Bitcoin
BTC Domination (Higher)
Inflation and higher interest rates
In-market issues like LUNA etc
Supply of BTC from Miners (Higher)
BTC Domination (Lower)

The Crypto market is easily affected by any geopolitical events happening around the world. Here are some factors that affect the price of Bitcoin:

Crypto news from around the world has affected the price of Bitcoin widely. Any good news about crypto like its adoption, or increased interest of the investors has led to a surge in the price of Bitcoin. At the same time any news regarding the ban of crypto in any country, and regulation against cryptocurrencies have led to a Bitcoin price crash.

Non-crypto news has also played a very important role in the price movement of Bitcoin. In early this year, Russia attacked Ukraine, this event turned out to be a Waterloo for Cryptocurrencies. The market started to crash since then and there has been almost no recovery. Along with it recently US Fed hiked the interest rate, this hike in interest rate led to the crash of the crypto market. Bitcoin price tumbled after the rate hike.

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Investopedia: Why do Bitcoins have value?

Bitcoin Forecast: Will Bitcoin crash again?

The crypto market is yet to recover. Bitcoin has fallen over 50% this year. However, the predicting Bitcoin crash or the market crash may not be wise as the crash depends upon several factors and the most important factor has been the decision of the US Government. In order to tackle inflation, the US government has taken several decisions including the increase in the Fed’s rate. Now, if the economy does not recover and the inflation remains high, the US Fed may take a few more harsh decisions which may impact not just the crypto market by also the commodity market. If there is an increase in the rate once again, the Bitcoin crash is inevitable.

It is often believed that one should buy low and sell high. But many times this theory may not work as often none knows what is the low and what may be the high. Therefore, for a cryptocurrency like Bitcoin that has the potential to rise higher, it is advisable to hold longer even if you have made some profit when the price has fallen or are at a loss because you brought BTC when the price was high.

Bitcoin is known to yield higher returns when an investor has stuck to it for a longer time. Profit in short term could merely be luck. It is advisable to hold on to the Bitcoin investment as the price may rise once the market condition starts to improve.

What is Bitcoin?

  • Bitcoin is the first cryptocurrency and was built on Blockchain Technology. It uses the concept of proof of work to reward its members
  • Bitcoin uses a peer-to-peer network and does not have any central authority.
  • The Bitcoin ledger is public and any person can store it on their computer.
  • Anyone can create a Bitcoin token and can be transferred to any of the wallets however,  the owners of bitcoin addresses cannot be identified, but any Bitcoin transaction made can be accessed by anyone, anywhere.
  • There is no single ledger and anyone can store Bitcoin. The process of storing is called Mining and the ones storing are called miners.
  • No approval is required for the completion of a Bitcoin transaction. It is done by the network itself without the interference of any third-party system.
  • It is a limited resource of 21 Million Coins of which 19.1 Million are in supply

Competitors of Bitcoin: Ethereum, Gold, National Currencies

Why is Bitcoin Valuable?

There are many who think Bitcoin is actually of zero value. However, given its limited supply and increasing usage for payment, it does have value

  • In Layman’s language, Bitcoin is like Gold hidden inside a computer network instead of a mine in Africa. The creator(s) deliberately created a limited number of them and created a whole range of difficult tasks to get them. Just like in real gold mining, Bitcoin mining becomes difficult if more people mine at the same time or as the number of BTCs keeps reducing. It cannot be used as ornaments, one of the big factors that drive Gold value.
  • To solve this problem, the creators designed it in the form of a currency that is authenticated via a blockchain. Over the last few years, BTC has increasingly been used as an alternative to the US Dollar or other National Currencies. It is now accepted on payment by many companies around the world.
    • There are differences with the National currency as well. The value of a national currency like the Dollar is enhanced or reduced by numerous factors – The number of dollars the Federal reserve prints, how the Fed manages interest rates, the performance of the economy, and so on. However, among these, the role of a Central Bank (like the Federal Reserve) is a crucial difference with respect to BTC. The Federal Reserve ensures that the Dollar does not undergo wild fluctuations in short periods of time so that households and businesses can manage their lives better. While BTC enjoys the absence of central control and therefore any form of voluntary devaluation, it suffers from more volatility.

How to Invest in Bitcoins?

Getting Bitcoins has been made easier by the day. There are multiple exchanges offering Bitcoin and other cryptocurrencies. Hew is steps to how to get Bitcoins:

The very first step to investing in Bitcoin is to choose an Exchange. There are multiple exchanges in the market. The most popular ones are:

  1. Coinbase
  2. Binance
  3. Gemini
  4. Robinhood
  5. Venmo

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Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions. 

Bitcoin Price Prediction

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