Bitcoin (BTC) price prediction 2024

Finder analyses expert price predictions each quarter. We conducted our most recent survey in January 2024 in which our panel of 40 crypto industry specialists shared their thoughts on how Bitcoin would perform through 2030.

All prices mentioned in this report are denominated in US dollars.

On average, our panel thinks Bitcoin (BTC) will be worth US$77,423 by 2024 before rising to US$122,688 by 2025 and then US$366,935 by 2030.

Bitcoin price predictions for 2024, 2025 and 2030

Bitcoin's price is expected to rise to US$77,423 by year-end 2024, according to the average prediction from Finder's panellists.

Our more bullish panelists see BTC trading for well over six figures in 2024, while our more bearish panelists see it trading lower than it is now (around US$40,000 at the time of writing) by the end of the year.

This price prediction was down significantly from US$38,488, the average prediction for Bitcoin's price by the end of 2023 from our July 2023 survey.

Our panellists also predict BTC will hit US$122,688 by 2025 and US$366,935 by 2030. They were more bullish than in our most recent survey from October 2023 and in our survey from this time last year. In neither our October 2023 nor January 2023 surveys did our panelists think BTC's price would crack US$100,000 by 2025 or US$300,000 by 2030.

• October price predictions
• Historical price predictions

"Bitcoin's potential to reach $80,000 in 2024 can be attributed to several factors," says Kadan Stadelmann, CTO of Komodo. "First, major companies and institutional investors [are] showing growing interest [in bitcoin, which] is likely to drive demand. Second, the approval of spot ETFs mak[es] [price exposure to bitcoin] more accessible than [it was in] previous market cycles. Lastly, and most importantly, the 2024 halving will reduce the newly issued supply from 6.25 BTC per block to 3.125 BTC, creating a scarcity that tends to increase its value."

Daniel Polotsky, founder and chairman of CoinFlip, also added that the US Federal Reserve (The Fed) may cut interest rates starting in 2024, which could lead to liquidity flowing into bitcoin. He believes that rate cuts coupled with global political instability, spot bitcoin ETFs and the halving could lead to a notable rise in bitcoin's price.

"While the absolute top of the bull market, estimated between $150,000 to $250,000, may be on the horizon for 2025, some of the events above will create sustainable long-term value for bitcoin as well," says Polotsky. "Only seasoned traders should try to time this cycle, and the best move for the majority of the population is likely to hold for the long term."

But not all of our panellists were so bullish.

John Hawkins, Senior Lecturer at the University of Canberra, believes bitcoin is still little more than a speculative bubble.

"If the new spot Bitcoin ETFs are popular, there could be temporary price increase. But in the medium to longer-term, I still regard Bitcoin as a speculative bubble," explains Hawkins. "And recall, in 2021, similar claims were made about the BTC futures ETFs as are now being made about BTC spot ETFs. Then the Bitcoin price went up for a while but later crashed."

How high and low will BTC go in 2024?

The average peak price our panellists predict Bitcoin will hit by year-end 2024 is US$87,875, with some predicting it will climb as high as US$200,000.

The average lowest price our panellists predict Bitcoin will hit by year-end 2024 is US$35,734, with some predicting it will fall as low as US$20,000.

Henry Robinson, co-founder of Decimal Digital Currency, believes we'll see BTC reach US$120,000 before 2024 is out.

"Bitcoin's price today is driven by a tug of war between long and short leveraged traders, and all this chop is hiding the reality of there not being all that much supply available," explains Robinson. "There will be a moment in which the entire market realizes this simultaneously, and Bitcoin will violently blast upwards in search of a price that fulfills the demand. Macro forces (ETFs, dovish Fed, increasing adoption) are adding fuel to this rocket every day."

Shubham Munde, Senior Market Research Analyst at Market Research Future, is also quite bullish, as he thinks we'll see BTC at US$115,000 at some point in 2024.

"[The] BTC boost can be attributed to the limited supply, market demand, inflation in USD, institutional adoption, and speculation and sentiment," says Munde. "The rise in BTC's price will [attract] more buyers [and] further boost the [price of] BTC."

Lex Sokolin, managing partner at Generative Ventures, is a bit less bullish but still thinks we'll see BTC hit US$90,000 at its peak in 2024.

"We have cleared many of the major hurdles holding the industry back," claims Sokolin. "[And] the developments built in the bear markets are coming online."

Nick Ranga, Senior Cryptocurrency and Forex Analyst at ForexTraders.com, was one of our few panelists who thinks we'll see BTC head below US$30,000 in 2024. Judging by his comments, though, it seems it would quickly rebound if it does drop that low.

"There will, of course, be downs as well as ups," explains Ranga, "but if the current all-time high is breached convincingly, then $80K looks likely, and $100K is not outside the realm of possibility."

Jonathan Habadou Solomon, cofounder and co-CEO at A.R.I.A. Algorithmic Ratings & Investment Analysis, also believes BTC investors should prepare for volatility, as he believes BTC's price could drop as low as US$30,000.

"Key events like the spot ETF and the halving seem to be already priced in," says Solomon. "Additionally, Bitcoin's correlation with traditional markets, which I believe are currently overvalued, could lead to a challenging year in 2024. While I foresee the possibility of a new ATH (all-time high) around $80,000 in 2024, I don't anticipate it reaching $100,000 within the year, and investors should expect some volatility along the way."

Is now the time to buy, sell or hold BTC?

The majority of our panelists believe it's a good time to buy BTC.

To be exact, 57.5% think Bitcoin is a buy at its current price, while 37.5% believe it's a good time to hold the asset. Only 5% think it's time to sell.

Jason Lau, Chief Innovation Officer at OKX, believes it's time to buy BTC.

"Bitcoin continues on its 15-year trajectory of ever-increasing adoption and accessibility," begins Lau. "With the approval of the ETF, we now have cleared a major hurdle from the SEC and major financial institutions. The increased access for retail investors, coupled with alignment from financial institutions to adopt and promote bitcoin is going to kick off a new wave of inflows over time. While short-term volatility is expected as firms and hot money reposition, the longer-term prospects are bright."

Josh Fraser, cofounder of Origin Protocol, also thinks it's time to buy, as he believes quantitative easing (QE) from The Fed is coming.

"In order to see a full-blown bull market, we'll likely need some form of QE," explains Fraser. "It's likely we'll see QE by the end of 2024, although it's likely the ramifications of this won't take full effect until early 2025."

Joseph Raczynski, futurist at Joe Technologist, Consulting & Media, says it's time to hold BTC.

"Regulator approval of the BTC ETF by the SEC was huge," shares Raczynski. "It stamps Bitcoin as now generally acceptable. Tens of millions of people and institutions have access to Bitcoin as an asset class."

Jeremy Cheah, Associate Professor of Decentralised Finance at Nottingham Trent University, is one of our few panelists who thinks it's time to sell your BTC.

"As economic growth slows down plus the effect of approval of ETFs subsiding, there will be a modest correction to the price," says Cheah.

Is bitcoin (BTC) overpriced, priced fairly or underpriced?

Over half (54%) of our panelists feel that bitcoin is currently selling at a discount.

33% feel that bitcoin is currently priced fairly, and 13% say it's overpriced.

Mitesh Shah, founder and CEO of Omnia Markets, Inc., thinks BTC is underpriced.

"Bitcoin is well-positioned to grow this year following the spot ETF approvals and the halving, expected to take place in April," explains Shah. "The ETF approval now opens the doors to the enormous TradFi wealth to enter the market, while the halving is expected to build upon this momentum throughout the year as the next Bull run, which I believe will lead to a new ATH."

Ben Ritchie, Managing Director at Digital Capital Management Pty Ltd, also believes BTC is underpriced, though he's anticipating a potential drop in its price in the short term.

"We anticipate Bitcoin will experience a pullback in price as Bitcoin ETFs gain market traction before surging forward in 2024 to meet resistance levels of [the] previous all-time high of $69K in Q4," says Ritchie.

Miles Paschini, CEO at FV Bank, thinks BTC is priced fairly as the market adapts to institutions coming in.

"BTC is going through an institutional transformation where old holders/traders will be happy to exit, and new holders/traders will be taking future positions," says Paschini. "With the new ETPs (the spot bitcoin ETFs) in the market, it is likely a new base of investors with a longer-term view will come into the market as the dynamics of institutional investment and access to consumer products takes place."

Julian Hosp, CEO of Cake Group, believes BTC is currently overpriced.

"[The] ETF was overhyped," he explains.

Why did bitcoin's price increase over the past few months?

The majority of our panelists believe that the spot bitcoin ETF approvals, anticipation of the halving and growing institutional investment were the primary drivers of the upward momentum in bitcoin's price during the past few months.

"The current market momentum [came from anticipation of] the approval of the BTC ETFs and inflows of institutional money in such products," says Raul Calvo, cofounder at Diva Staking.

Vetle Lunde, Senior Analyst at K33 Research, has a similar perspective.

"The run-up towards the ETF approval has been very heated," shares Lunde, who adds that "the halving, easing macro conditions and enhanced access through ETFs are fundamentally positive price forces for the year as a whole."

Will the bitcoin halving trigger a crypto bull run in 2024?

While over 50% of our panelists believe that the halving will trigger the next crypto bull run, many feel it will be a mix of factors that will catalyze a crypto bull market.

Akash Mahendra, Head of Developer Relations at Haven1, believes that the "halving narrative" will be important but that the approval of spot bitcoin ETFs will also play a role.

"Easy access for retail and institutional investment due to ETFs [will] accelerate demand [for bitcoin]," says Mahendra, who adds that "major players now recognize crypto as a proper asset."

Martin Frohler, CEO of Morpher, also believes the halving will play a role in kickstarting a crypto bull market, though he notes some other important variables, as well.

"2024 is an election year in the US, and about 21 percent of the US debt needs to roll into new contracts at much higher interest rates," explains Frohler. "That pretty much guarantees rate cuts and/or stimulus, which is always good for hard assets like BTC. On top of that, we have ETFs [and] fair value accounting contributing to a perfect bullish storm for BTC."

Gracy Chen, Managing Director at Bitget, highlights that non-Bitcoin narratives also drive crypto markets.

"The arrival of a general bull market is usually accompanied by a new narrative that guides market growth," shares Chen. "Similar to the ICO trend in 2017, DeFi in 2020, and GameFi in 2021, it is anticipated that this year's bull market will also be led by new narratives, such as the BTC ecosystem, DePIN, L2, and L3 tracks."

Sergey Golubev, project manager at Crynet Marketing Solutions, believes that issues in traditional finance will also contribute to a crypto bull market.

"Crisis in state and corporate finance will bring investors to crypto and digital assets," claims Golubev.

How long after the halving will it take for BTC to reach a new all-time high?

Just under half of our panelists (47%) believe BTC will reach a new all-time high six months after the halving.

About one-fifth (18%) think BTC will reach a new all-time high 12 months after the halving.

Samy Ben Bahmed, manager at Sastanaqqam, says BTC will reach a new all-time high six months after the halving.

"My predictions are based on historical trends," says Ben Bahmed, highlighting the fact that BTC made an all-time high just over six months after the previous halving.

Carlo Di Clemente, COO at GroveX Pty Ltd, is in the camp that believes we'll see an all-time high for BTC 12 months after the halving.

"The Bitcoin halving event in 2024 combined with the approval and launch of a Bitcoin ETF could set a positive stage for 2024 and beyond," says Di Clemente, "assuming no major unexpected global events or regulatory changes [occur]."

Meet the panel

Methodology

Finder surveyed 40 fintech specialists in January 2024. Panellists are able to answer as many or as few questions as they like, meaning the number of responses received varies by question. 38 panellists gave their price prediction for BTC by year-end 2024 and 2025 while 37 gave price predictions for year-end 2030. Panellists may own some cryptocurrencies, including BTC. All prices are listed in USD per BTC.

Changes to methodology: In 2021, this research was conducted using the simple mean of all answers supplied to Finder. From 2022, we switched to using the truncated mean, with the top and bottom 10% of responses removed in order to attain a more consistent result. Any 2021 results quoted in this analysis have also been re-calculated using the truncated mean.

• Bitcoin (BTC) price prediction 2023

  Finder analyses expert price predictions each quarter. We conducted our most recent survey in October 2023 in which our panel of 31 crypto industry specialists shared their thoughts on how Bitcoin would perform through 2030.

  All prices mentioned in this report are denominated in US dollars.

  On average, our panel thinks Bitcoin (BTC) will be worth US$30,463 by 2023 before rising to US$87,125 by 2025 and then US$220,708 by 2030.

  Bitcoin price predictions for 2023, 2025 and 2030

  Bitcoin's price is expected to rise to US$30,463 by year-end 2023, according to the average prediction from Finder's panellists.

  This price prediction was down significantly from US$38,488, the average prediction for Bitcoin's price by the end of 2023 from our July 2023 survey.

  The panellists also predict BTC will hit US$87,125 by 2025 and US$220,708 by 2030. Both of these predictions are notably lower than our panellists' average predictions in our July 2023 survey, which were US$100,293 by 2025 and US$289,159 by 2030.

  • October price predictions
  • Historical price predictions

  "My prediction for 2025 sees Bitcoin's price 10x at least from this current price," Matiu Rudolph, COO of Layer One X, says. "My 31 Dec 2023 Bitcoin price prediction is similar (but slightly lower) to today's price as liquidity and activity in the market is very low. My 31 Dec 2025 prediction is high because history has shown within its 4-year cycle that Bitcoin normally reaches its peak price approx 18 months after its halving."

  Manraj Chandok, trader at Wirex, also believes we won't see much change in Bitcoin's price until the halving, which is when the block subsidy reward – the amount of Bitcoin awarded to miners – is cut in half. This is expected to occur in April 2024.

  "Heading into the close of 2023, BTC is expected to maintain its current range," Chandok says. "In 2024, the Bitcoin halving event is on the horizon, which is anticipated to reignite interest in the cryptocurrency space, especially BTC."

  Pav Hundal, lead market analyst at Swyftx, sees eye to eye with Rudolph and Chandok regarding the halving and he expands on why the halving is significant:

  "Historically, Bitcoin halvings have followed a predictable 3-stage pattern," Hundal says. "We've always seen a surge in price momentum in the months up to a halving followed by a classic 'sell the news' event once it actually takes place. The third and final stage is a price advancement into the next bull run. In our industry, we lean on the Bitcoin halving as a beacon to navigate what we can anticipate. While we have no idea what the market conditions from a geopolitical or economic perspective will be in 2024, we know that Bitcoin will become more scarce."

  However, not all of our panellists were as bullish on the halving.

  "The effects of Bitcoin's halvings on the price have gotten weaker over time for 2 reasons," Ruadhan O, creator of Seasonal Tokens, says. "One is that the supply of new Bitcoins to the market is getting smaller over time in comparison to the existing supply of Bitcoins, causing the influence of mining on the price to weaken. The other reason is that, when the market cap [of Bitcoin] reaches trillions of dollars, it's a significant fraction of the size of the world economy, limiting the room for further growth."

  And some of our panellists were downright bearish on Bitcoin.

  "It has shown itself to be too volatile to be a store of value," John Hawkins, senior lecturer at the University of Canberra, says. "Its price fell heavily in 2022 showing it was no inflation hedge."

  How high and low will BTC go in 2023?

  The average peak price our panellists predict Bitcoin will hit by year-end 2023 is US$32,442, with some predicting it will climb as high as US$45,000.

  The average lowest price our panellists predict Bitcoin will hit by year-end 2023 is US$22,622, with some predicting it will fall as low as US$15,000.

  "There are a few indicators we can use to gauge the next few months," Pedro Febrero, VP of Web3 at RealFevr, says. "Bitcoin is reaching the halving [and] BRC20s and Ordinals will most likely [cause] BTC fees [to] increase."

  Damian Chmiel, senior analyst and editor at Finance Magnates, predicts BTC will only go as high as $30,000 before the year ends.

  "By the end of the current year, the price of Bitcoin is likely to consolidate," Chmiel says. "In my opinion, it won't rise above US$30,000. The cryptocurrency is currently hindered by the monetary policies of major central banks and a strong US dollar."

  Our more bearish panellists are looking at Bitcoin's price through the lens of technical analysis.

  "If you look at the weekly timeframe there is a head and shoulders pattern forming," Elliot Dixon, COO at Renegade, says. "The duplication of that takes you to around the US$18,000 mark. If you also look at the daily timeframe you can see that we have just taken out the last high around US$28,174. Now that liquidity has been taken, I believe the next direction of the market will be down towards the next draw on liquidity."

  Alexander Kuptsikevich, senior market analyst at FxPro, is also bearish, as he sees Bitcoin peaking at just US$28,000 before year-end.

  "It went below the 200-day moving average, making it a resistance," Kuptsikevich says.

  Is now the time to buy, sell or hold Bitcoin (BTC)?

  The majority of our panellists believe it's a good time to buy BTC.

  To be exact, 66% of them think Bitcoin is a buy at its current price, while 24% believe it's a good time to hold the asset and 10% think it's time to sell.

  Josh Fraser, co-founder of Origin Protocol, is one of our panellists who sees Bitcoin as a buy right now.

  "Many investors are predicting the markets will flip bullish at some point in 2024," Fraser says. "Quantitative easing, the Bitcoin halving, and [spot] Bitcoin ETF approval are all on the radar for Q1/Q2 2024. As we approach the end of 2023, these macro factors will be just around the corner."

  Ben Ritchie, managing director at Digital Capital Management Pty Ltd, thinks that Bitcoin is a buy despite the challenges presented by a strong US dollar.

  "A robust US dollar, as indicated by the Dollar Strength Index (DXY), presents a significant challenge for Bitcoin," Ritchie says. "This is because when the dollar is strong, investors tend to become more cautious and hesitant to take risks, which can affect Bitcoin's performance in the short term."

  "However, there are still reasons to be optimistic about Bitcoin's prospects for the rest of 2023. Factors like the potential launch of Spot Exchange-Traded Funds (ETFs) and increasing interest from institutional investors could drive its price higher, possibly reaching around $36,000."

  Paul Levy, senior lecturer at the University of Brighton, feels it's time to follow in the footsteps of the hardcore HODLers out there – to hold the asset and remain patient.

  "Bitcoin demonstrates continued resilience, a propensity to bounce back consistently," Levy says. "[It']s still underpinned by the patience of longer term investors."

  Tristan Thoma, director of government and payments at AlphaPoint, also believes Bitcoin is currently worth holding, especially since greater adoption may be just around the corner.

  "More countries will legalise use of BTC for payments and tender in coming years," Thoma says. "As legal/regulatory frameworks mature and include BTC, it will increase global penetration and use, thereby increasing the value."

  John Hawkins doesn't agree with Thoma and believes it's time to sell your Bitcoin.

  "15 years on, Bitcoin has clearly failed in its original mission to become a widely used payments instrument," Hawkins says.

  Is Bitcoin currently overpriced, underpriced or fairly priced?

  Almost half of our panellists feel that Bitcoin is currently selling at a discount.

  That is, 47% feel that Bitcoin is currently underpriced.

  43% feel that Bitcoin is currently priced fairly and 10% say it's overpriced.

  "BTC is currently underpriced due to pressure and uncertainty in TradFi," Ruslan Lienkha, chief of markets at YouHodler, says. "The macroeconomic background doesn't allow crypto to realize its full growth potential. So, [my] forecast is 'restrained price increase' until the end of the year."

  Jeremy Britton, CFO at Boston Trading.co, also believes that Bitcoin is underpriced.

  "Current long-term Bitcoin holdings are at record highs," Britton says. "There is very little BTC available on exchanges or hot wallets. When major institutions such as Blackrock, ARK, Wisdom Tree and Fidelity want BTC [for their potential ETFs], they will have to bid prices very high to convince long-term HODLers to crack open their cold wallets."

  Ryan Grace, head of tastycrypto, thinks the current rate for Bitcoin is fair.

  "I think BTC is fairly priced given the macro headwinds," Grace says. "In the face of higher rates and US dollar strength, BTC has been one of the best performing assets year-to-date. Should we see a more stimulative monetary policy environment in the future, BTC should respond positively."

  Nick Ranga, senior cryptocurrency and forex analyst at ForexTraders.com, also thinks Bitcoin is priced fairly.

  "Historically, Bitcoin has been priced at around 50% of the previous all-time high going into halving events," Ranga says. "We look to be on track to be in that same ballpark going into 2024."

  If G7 countries go into a recession, what impact might this have on the price of Bitcoin?

  2 in 5 panellists – 40% – feel that if G7 countries go into a recession, Bitcoin's price would only experience a moderately negative impact.

  27% believe that a recession would have no impact on Bitcoin's price, as the risk of recession is already priced in, while 20% believe that a recession would have a moderately positive impact on the price of Bitcoin.

  "We live in highly unpredictable geopolitical and economic conditions where a recession is still a material risk," Hundal says, "forecasting in the current macroeconomic landscape is a challenge and anyone who pretends otherwise is likely hopelessly overconfident."

  While Rudolph didn't comment on whether or not he thinks a recession is imminent, he believes that one would have a moderately negative impact on Bitcoin's price.

  "I don't see major directional movement coming by the end of the year unless we see a recession prior to Dec 2023," Rudolph says.

  Desmond Marshall, MD at Rouge International & Rouge Ventures, believes that if we do move into a recession, it might not be such a bad thing for Bitcoin – that is, as long as regulatory uncertainty around Bitcoin doesn't get in the way.

  "Rumours of a coming recession may boost crypto a bit," Marshall says. "But the vagueness around regulat[ion] may cause a further dip in the price. BTC is still the strongest crypto of all, so I don't think it will dip as hard as other tokens."

  Will a spot BTC ETF be approved?

  4 out of 5 of our panellists believe the US Securities and Exchange Commission (SEC) will approve a spot Bitcoin ETF – an ETF in which Bitcoin itself is held as the underlying asset – either this year or next.

  While only 20% believe a spot Bitcoin ETF will be approved within the year, 60% say it's likely to happen in 2024. An additional 10% think the ETF will be approved by 2025 or later.

  When asked if the SEC should approve a spot Bitcoin ETF, 87% said "Yes", while 7% were unsure and 7% said no.

  • ETF will be approved
  • ETF should be approved

  "A BTC spot ETF is inevitable," Martin Froehler, CEO of Morpher, says. He also believes that the ETF along with "fading macro headwinds" will be a boon for the price of Bitcoin.

  Other panellists feel that a spot Bitcoin ETF coming to market – whether this year or next – will boost Bitcoin's price.

  "The approval of a spot BTC ETF could pave the way for substantial structural buying from major asset allocators such as pension funds," Chandok says. "This would likely exert upward pressure on BTC's price."

  How much would Bitcoin's price increase in the wake of a spot Bitcoin ETF coming to market? Joseph Raczynski, futurist at Joe Technologist, Consulting & Media, thinks the jump would be considerable and that we'll have to wait just a bit longer for it.

  "If it (a spot Bitcoin ETF) were to be approved, [Bitcoin] could double in price," Raczynski says. "That (the approval) will most likely happen in 2024."

  Meet the panel

  Methodology

  Finder surveyed 31 fintech specialists in October 2023. Panellists are able to answer as many or as few questions as they like, meaning the number of responses received varies by question. 30 panellists gave their price prediction for BTC by year-end 2023, 2025 and 2030. Panellists may own some cryptocurrencies, including BTC. All prices are listed in USD per BTC.

  Changes to methodology: In 2021, this research was conducted using the simple mean of all answers supplied to Finder. From 2022, we switched to using the truncated mean, with the top and bottom 10% of responses removed in order to attain a more consistent result. Any 2021 results quoted in this analysis have also been re-calculated using the truncated mean.