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Bitcoin (BTC) price prediction 2019

A comprehensive guide to the factors that could influence bitcoin’s value in the short, medium and long term.

The world’s best-known and most widely traded cryptocurrency, bitcoin (BTC) made worldwide headlines in 2017 when it experienced phenomenal growth. Now, as awareness of cryptocurrencies continues to spread, traders and HODLers alike are hungry for accurate forecasts of where bitcoin’s price is headed in the weeks, months and years ahead.

However, there are myriad factors that can influence the price of bitcoin, so let’s take a closer look at what those factors are and what they could mean for bitcoin’s value in the future.

Learn more Where to buy bitcoin (BTC)

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Quick facts

Bitcoin

Coin namebitcoin
SymbolBTC
Algorithm typeSHA-256
MineableYes
Launch date9 January 2009

Bitcoin price prediction

If you’ve followed any of the media coverage surrounding the price of bitcoin in recent months, you’ll probably be well aware that cryptocurrencies are highly volatile. The price of bitcoin is influenced by a variety of factors and can rise or fall sharply in a short space of time, so you’ll need to carefully consider all the issues that could potentially lead to growth or decline in the currency’s value.

If you’re thinking of buying bitcoin, make sure you consider the following:

What could drive bitcoin’s growth?

  • Limited supply. The total supply of bitcoin is limited to 21 million, and at the time of writing (26/02/2018) there were already 16,886,712 BTC in circulation. This is an important factor to consider when determining the supply/demand equation and the influence it could have on price.
  • Prestige and credibility. Mention the word “cryptocurrency” and the first word that comes to many minds will be bitcoin. Launched in 2009, bitcoin has been around a long time (in crypto terms) and is the most widely recognised digital currency.
  • Media hype. If bitcoin goes on another price surge like it did in 2017, expect it to be extensively covered in the media. Positive media coverage can potentially lead to increased demand for a particular currency.
  • Ease of access. As the most popular cryptocurrency (in terms of trading volume) in the world, bitcoin can be traded on cryptocurrency exchanges all over the world. This makes it easy to access and also increases its credibility.
  • Increasing acceptance. If the number of businesses and service providers that accept bitcoin as payment increases, this could increase demand for the currency. Increased interest from institutional investors, as hedge funds and other financial services providers start offering bitcoin trading options, could also drive up demand.
  • Upcoming tech developments. There is a range of upcoming tech upgrades and proposals designed to overcome bitcoin’s scalability issues. The first of those was the introduction of SegWit, designed to improve transaction times and lower fees, while the second will be the rollout of the Lightning Network, a relay network that aims to further reduce fees and speed up transaction times. If successful, this could vastly improve bitcoin’s functionality.

What could hold bitcoin back?

  • Scalability problems. Bitcoin has been criticised for its increasingly slow transaction times and high transaction fees. These are major factors that could influence demand for the currency. However, if these problems can be overcome, demand for bitcoin could potentially increase.
  • Mining concerns. As bitcoin mining becomes increasingly difficult and expensive, this could see some miners switch their attention to other, more profitable coins.
  • Market competition. The cryptocurrency market is becoming increasingly crowded as a wide variety of altcoins compete for market share. While many of those coins aren’t necessarily direct competitors for bitcoin, they could still detract from bitcoin’s overall market dominance.
  • Threat of increased regulation. Cryptocurrency is still in its infancy and there are regular media reports of governments around the world introducing tighter legislation targeting digital currencies. These announcements can have an impact on the price of bitcoin – for example, bitcoin’s value dropped almost 20% in January 2018 amidst rumours of a Chinese government crackdown on cryptocurrencies.
  • Negative news. While positive media stories can potentially drive values up, negative media stories, such as those reporting bitcoin bubbles, can also have an effect on prices.
  • Lack of cryptocurrency adoption. Cryptocurrencies are yet to achieve widespread adoption. While there are plenty of projects working on bringing cryptos to the mainstream, a lack of acceptance of digital currencies across the board could potentially affect values.
  • Community disagreements. The governance of bitcoin can also influence its price. For example, disagreements about changes or upgrades to bitcoin’s underlying technology can cause infighting, potentially leading to hard forks like the one that created Bitcoin Cash (BCH) in August 2017.

Where to buy bitcoin

Name Product Deposit methods Fiat Currencies Supported Cryptocurrencies
Cryptocurrency
Bank transfer (SEPA)
SWIFT
Wire transfer
Faster Payments Service
GBP, EUR, USD, CAD, SGD, AUD, JPY, MXN
BTC, ETH, BCH, XRP, LTC, EOS, XLM, USDT, ADA, XMR, TRX and 50+ more
BC Bitcoin is a UK-based cryptocurrency brokerage that buys and sells more than 100 different cryptocurrencies.
Electronic Funds Transfer
Bank transfer (SEPA)
Wire transfer
USD, EUR, GBP, JPY, CAD
BTC, ETH, XRP, BCH, EOS, LTC, ADA, XLM, DASH, XMR, USDT, ETC, QTUM, ZEC, REP, DOGE, GNO, MLN, ATOM, XTZ, SC
Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.

UK residents: In addition to normal crypto trading, Kraken offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Credit card
Debit card
PayPal
Wire transfer
Local Online Banking
EUR, GBP, NZD, USD, AUD, CAD, HKD, SGD, CHF, NOK, ZAR, JPY, SEK, CNH, TRY, RUB, HUF, MXN, PLN
BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM, EOS, NEO, TRX, ZEC, BNB, XTZ
Disclaimer: Highly volatile investment product. Your capital is at risk. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Copy the trades of leading cryptocurrency investors on this unique social investment platform.
Bank transfer
Credit card
GBP
BTC
Buy bitcoin via online bank transfer or credit card with this UK exchange.
Cryptocurrency
BTC, XRP, USDT, ETH, NEB, XVG, TRX, NEBL, ETH, NEO, FUN, ETC, BCC, POE, DASH, ELF, & 80+ more
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

UK residents: In addition to normal crypto trading, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Bank transfer
Credit card
Debit card
GBP, EUR
BTC, ETH, LTC, XRP
Buy and sell bitcoin in GBP or EUR with credit card, debit card and bank transfer payment options.
Credit card
Debit card
AUD, USD, EUR, GBP, CAD, CNY & 50+ more
BTC, ETH, XRP, BCH, EOS, LTC, XLM, ETC, ZEC, ZRX, REP, BAT, LINK, DAI, USDC
Get US$10 in free bitcoin when you buy US$100 or more of any crypto. T&Cs apply.
Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Binance Jersey Cryptocurrency Exchange
Bank transfer
Cryptocurrency
EUR, GBP
BTC, ETH
Use your GBP or EUR to buy bitcoin and Ethereum through a platform launched by Binance.
Credit card
Wire transfer
USD, EUR
BTC, ETH
A global exchange where users buy and sell cryptocurrency in exchange for USD or EUR.
Bank transfer
Credit card
Cryptocurrency
Debit card
Neteller
Bank transfer (SEPA)
SOFORT
EUR, GBP, CHF, USD
BTC, LTC, ETH, DASH, XRP, BCH, KMD, MIOTA, EOS, PAN, OMG, REP, XLM, ZRX, XEM, ZEC, XTZ
A European exchange which enables users to pay in EUR, GBP, CHF and USD through a variety of payment platforms.
Bank transfer
NZD, GBP
BTC, ETH
A cryptocurrency savings platform where users can deposit regular bank payments between 10 - 2,000 GBP to save BTC, ETH or XEM.
Cash
Credit card
Debit card
Bank transfer (SEPA)
USD, EUR
BTC, ETH, ETC, BCH, LTC, ADA, QTUM, XRP
Buy coins like Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash with credit card.
Credit card
Debit card
OKPAY
PayPal
SOFORT
EUR, USD, CHF, GBP
BTC
Buy bitcoin through PayPal on one of the oldest virtual currency exchanges in the business.
Cryptopay Cryptocurrency Platform
Credit card
Cryptocurrency
Debit card
Bank transfer (SEPA)
GBP, EUR, USD
BTC, LTC, XRP, ETH
Buy crypto with GBP, EUR or USD on Cryptopay, a platform with its own crypto prepaid debit card.
Stellarport Exchange
Cryptocurrency
-
XLM, BTC, BCH, USDT, OMG, ZRX, KIN, MOBI & more
Stellarport taps into the Stellar Decentralised Exchange to provide buyers and sellers with access to XLM and various other cryptocurrencies.
Coinbase Pro
Bank transfer (ACH)
Bank transfer (SEPA)
Wire transfer
USD, EUR, GBP
BTC, BCH, ETH, LTC, ETC, ZRX, BAT
Formerly known as GDAX, Coinbase Pro is a US-based exchange which offers fiat currency payment options, including wire transfer, ACH bank transfer and SEPA.
Bitstamp Cryptocurrency Exchange
Credit card
Cryptocurrency
Debit card
Bank transfer (SEPA)
Wire transfer
USD, EUR
BTC, BCH, LTC, ETH, XRP
A global cryptocurrency exchange that facilitates crypto to fiat transactions, where you can use EUR or USD to buy bitcoin and popular altcoins.
Bittrex Digital Currency Exchange
Cryptocurrency
Wire transfer
USD
BTC, ETH, BOXX, XVG, SC, XRP, DOGE, STRAT, XMR, ADA, OMG, ETC, BCC, XLM, DGB, UKG, & 128+ more
Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
Poloniex Digital Asset Exchange
Cryptocurrency
-
BTC, ETH, XRP, DOGE, XLM, ETC, STRAT, LTC, SC, DGB, BCH, LSK, XMR, LOOM, BAT & 50 more
Trade various coins through a global crypto to crypto exchange based in the US.
Gemini Cryptocurrency Exchange
Cryptocurrency
Wire transfer
Bank transfer (USA only)
USD
BTC, ETH, BCH, LTC, ZEC
Trade bitcoin, Ethereum and more at a US-based exchange where payments can be made in USD.
Exmo Cryptocurrency Exchange
Credit card
Cryptocurrency
Debit card
Payeer
Perfect Money
Bank transfer (SEPA)
Wire transfer
USD, EUR, RUB, PLN, UAH
BTC, BCH, ETH, ETC, XRP, KICK, DASH, WAVES, ZEC, XMR, LTC, DOGE, USDT, ADA, INK
A UK-based cryptocurrency platform that provides buyers with a wide variety of payment options.
YoBit Cryptocurrency Exchange
AdvCash
Cryptocurrency
Payeer
Perfect Money
USD, RUB
BTC, BTG, DASH, ETH, LTC, DOGE, WAVES, LSK, BCC, TRX, ABYSS, PAC, ZEC, XVG, EOS, ETC, & 404+ more
Pay in USD, RUB or trade crypto to crypto at this Russian-based cryptocurrency exchange with hundreds of coins listed.
Cryptocurrency
-
BTC, BCH, XMR, DAG, ETH, XRP, EOS, LTC, ADA, TRX, NEO, ONT, STEEM, BTM, BCD, ZINC, VET, OLT, USDT, BSV, & 134+ more
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
HADAX (Huobi Autonomous Digital Asset eXchange)
Cryptocurrency
-
BTC, ETH, 18T, BUT, LXT, CDC, UUU, AAC, CNN, UIP, UC, GSC, IIC, MEX, EGCC, SHE
Owned by the team behind Huobi.pro, HADAX lets users vote for cryptocurrencies it should list.
Livecoin Cryptocurrency Exchange
Cryptocurrency
Payeer
Perfect Money
Qiwi
USD, EUR, RUB
BTC, BCH, ETH, LSK, LTC, XMR, XEM, DASH, BCC, CLOAK, EMC, NEO, TIME, SHIFT, STRAT, & 146+ more
Trade at an exchange that has an extensive offering over 160 coins and numerous fiat and altcoin currency pairs.
BitBay Cryptocurrency Exchange
Cryptocurrency
Express Polish Post Office 24/7
Express Zabka Market
Wire transfer
USD, EUR, PLN
BTC, BCC, BTG, LTC, ETH, LSK, GAME, DASH, KZC, XRP, XIN,ZEC,XMR
This Polish-based exchange offers a variety of accessible payment methods, including Express Polish Post Office 24/7 service and Express DotPay.
Mercatox Cryptocurrency Exchange
Cryptocurrency
Payeer
Perfect Money
Yandex Money
USD, EUR, RUB
BTC, ETH, DCN, BCH, NIO, TRX, DASH, COB, DOGE, PRIX, DSR, XCPO, LTC, XRB, VERI, LOC, & 84+ more
Supporting over 100 coins, you can exchange a variety of cryptocurrency pairs on this peer-to-peer platform.
CryptoBridge Cryptocurrency Exchange
Cryptocurrency
-
BTC, BCH, RVN, LTC, ALQO, LCC, ECA, SMART, POLIS, BCO, COLX, IC, XP, BWK, HTML, QBIC, & over 44+ more
Offering over 80 cryptocurrency pairings, CryptoBridge is a decentralised exchange that supports the trading of popular altcoins.
Altcoin.io Decentralised Exchange
Cryptocurrency
-
*Note that while the platform is under development, it is expected to support BTC, ETH, REP, ANT, BAT, EOS, SALT, CVC, DNT, SNT & 20+ more
Launching in 2018, Altcoin.io is a decentralised peer-to-peer cryptocurrency exchange powered by atomic swaps. Sign up now for early access.
CoinMate Bitcoin Exchange
Cryptocurrency
MoneyPolo
Bank transfer (SEPA)
SOFORT
EUR, PLN, CZK
BTC, BCH, LTC, XRP
Trade fiat currencies and cryptocurrency at this European-based exchange with options to pay through domestic bank wire, SEPA and SOFORT.
Bleutrade Cryptocurrency Exchange
Cryptocurrency
-
BTC, BTG, DASH, ZET, XVP, XPM, WDC, VTC, VRC, UNO, TROLL, START, SLR, SLG, RDD, & 32+ more
Trade an array of cryptocurrencies through this globally accessible exchange based in Brazil.
Credit card
Cryptocurrency
USD
BTC, BCH, MIOTA, XVG, NEO, ADA, XRP, TRX, ONT, ZIL, GAS, LTC, ZRX, QTUM, ETH, ETC, VET, ICX & 300+ more
CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Credit card
Debit card
USD, EUR
BTC, BCH, ETH, XMR, ZEC, DASH, XRP, ETC, LTC, DOGE, XLM,1ST, ADX, AMP, ANT, BAT, & 75+ more
Access competitive crypto-to-crypto exchange rates for more than 35 cryptocurrencies on this global exchange.
Cryptonit Cryptocurrency Exchange
Advance Cash
Wire transfer
EUR, USD
BTC, ETH, ETC, ZEC
Cryptonit is a secure platform for trading fiat currency for bitcoin, Litecoin, Peercoin and other cryptocurrencies which can be delivered to your digital wallet of choice.
Cash
Credit card
Cryptocurrency
Debit card
Flexepin
iDEAL
Neosurf
Neteller
PayPal
Perfect Money
SWIFT
Western Union
AUD, USD, EUR, GBP, CAD, CNY & 50+ more
BTC
Connect with bitcoin buyers and sellers through this peer-to-peer marketplace that accepts cash, credit and more than 300 other payment methods.
Bitit Cryptocurrency Marketplace
Cashlib
Credit card
Debit card
Neosurf
USD, EUR, GBP, JPY, CNY, KRW, AUD, CAD, DKK, NOK, SEK, TRY, HKD, SGD
BTC, ETH, XRP, DASH, LTC, BCH, ETC, OMG, ZRX, CVC, BNT
Buy cryptocurrency with cash or credit card and get express delivery in as little as 10 minutes.
Cubits Bitcoin Exchange
Credit card
Debit card
Bank transfer (SEPA)
SOFORT
SWIFT
AUD, USD, EUR, SEK, HUF, JPY, GBP, NOK, HRK, CAD, CNY, CHF, CZK, RSD, TRY, BRL, DKK, PLN, RUB, ARS
BTC
Offering payment options such as credit card, SEPA and SWIFT, you can purchase bitcoin from this European-based exchange with an array of fiat currencies.
XBrick Cryptocurrency Exchange
Cryptocurrency
-
BTC, USDT, ETH, EOS, AE, BTO, BTS, CAN, HLC, SEER, XAS
Recently launched in Australia in late 2017, XBrick now offers its services globally and users can download its mobile trading platform to buy and sell cryptocurrencies.
Orderbook Exchange & ICO Platform
Cryptocurrency
Wire transfer
USD
TAAS, GNO, ANT, 1ST, HKN, BBT, WRC, AMM, OROC, CHSB, GLBX, BENJA
Orderbook is a decentralised cryptocurrency exchange and ICO platform where users can trade Ethereum-based ICO tokens.
Bithumb Cryptocurrency Exchange
Cryptocurrency
Wire transfer
KRW
BTC, BTG, BCH, DASH, ETC, LTC, EOS, XRP, ETH, QTUM, TRX, ICX, VET, XMR, ZEC, MITH, WAVES, WTC, ITC, LINK
A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies.
BigONE Cryptocurrency Exchange
Cryptocurrency
-
BTC, ETH, EOS, USDT, ADX, AE, AIT, ATN, ATT, BAT, BCDN, BIG, BTO, CANDY, CDT, CHAT, AT, CPS & over 60+ more
A crypto-to-crypto exchange listing over 100 pairings and low trading fees.
OKEx Cryptocurrency Exchange
Bank transfer
Cryptocurrency
WeChat
USD, CNY
BTC, ETH, LTC, EOS, TRX, ETC, BCH, TRUE, XRP, ABT, HSR, MITH, BTM, AUTO, IOST, & over 119+ more
Listing over 100 cryptocurrencies, OKEx offers its users a variety of payment methods and coins to choose from.
ShapeShift Cryptocurrency Exchange
Cryptocurrency
-
BTC, BCH, BTG, ETH, ETC, FUN, 1ST, ANT, BAT, BNT, BLK, CVC, CLAM, DASH, DCR, DGB, DNT, GAME & 29+ more
Quickly swap between more than 40 cryptocurrency assets or use your credit card to instantly buy bitcoin.
Wall of Coins
Cash
USD, AUD, GPB, CAD
BTC, DASH
Buy bitcoin and DASH through this peer-to-peer cash only cryptocurrency exchange based in the US.

Compare up to 4 providers

What’s coming up in bitcoin’s roadmap

Bitcoin is an open-source project and, as such, doesn’t have an official roadmap. However, there are a few key challenges and developments coming up for bitcoin in the months ahead, headlined by attempts to solve the scalability problem. Following the cancelled SegWit2x upgrade of November 2017, followed by the bitcoin SegWit2x (B2X) hard fork, there are several proposals for solving bitcoin’s increasing transaction times and fees.

One of the most important is the Lightning Network. Currently in the testing stage, the Lightning Network is designed to solve bitcoin’s problems of slow transaction speeds and high fees. A payment network layered on top of the bitcoin blockchain, Lightning Network could potentially have a big influence on the usability of bitcoin, but the exact effects it will have remain to be seen.

Bitcoin’s competition

The cryptocurrency sphere is crowded and becoming increasingly competitive all the time. If you’re thinking of buying bitcoin, it’s important to be aware of the influences (both positive and negative) that the actions of competitors could have on the price of bitcoin. Some of the main competitors to consider include:

  • Ethereum (ETH). Launched in 2014, Ethereum is a decentralised platform where developers can build and deploy applications. Ether is used to pay transaction fees and services, and at the time of writing (26/02/2018) was the second largest cryptocurrency by market capitalisation.
  • Ripple (XRP). Ripple offers both a payment network (RippleNet) and a cryptocurrency (XRP), and it aims to allow banks and payment providers to send fast and secure transactions around the world. It’s one of the top five cryptocurrencies in terms of market capitalisation, and you can find out more about how it stacks up in our bitcoin vs Ripple comparison.
  • Bitcoin Cash (BCH). Created in August 2017 following a hard fork of bitcoin, BCH is designed to offer faster and cheaper transactions than BTC. It has since cemented its place as one of the top 10 currencies by market capitalisation.
  • Dash (DASH). Built with a focus on fast and anonymous transactions, Dash is widely traded on a variety of cryptocurrency exchanges.
  • Litecoin (LTC). Commonly referred to as “the silver to bitcoin’s gold”, Litecoin was founded in 2011 and designed to provide faster transactions than bitcoin. It’s also one of the top 10 cryptocurrencies by market capitalisation at the time of writing.

Beyond 2019: What does the future hold for bitcoin?

Cryptocurrencies are highly speculative, so any predictions of bitcoin’s future value should always be taken with a very large grain of salt. That said, traders and crypto enthusiasts all around the world will be watching what happens to bitcoin with a high level of interest.

As the best-known and most popular (in terms of trading volume) of all cryptocurrencies, bitcoin has the enviable position of being the digital currency with the most credibility and widespread recognition. If cryptocurrencies can continue their push into the mainstream, bitcoin is well placed to take advantage of any increased consumer demand.

However, it does face a few key threats. The biggest of those currently is the problem of scalability, which is one key area where some competing cryptocurrencies are well ahead of bitcoin. The threat of increased regulation of cryptocurrency markets by governments around the world should also not be underestimated, as legal and tax changes could have a significant impact on bitcoin’s value.

The next 12 months promise to be a fascinating period as bitcoin, and the cryptocurrency market as a whole, continues to mature.

Bottom line

If you’re considering buying bitcoin (BTC), the most important points to remember are to do your research and to familiarise yourself with all the risks involved. Though this digital currency has delivered substantial returns to its early adopters, that’s no guarantee of future growth.

If cryptocurrencies can continue their push into the mainstream and achieve widespread acceptance, not only among consumers but also from governments around the world, this could mean good things for bitcoin. And if the scalability issues facing the bitcoin blockchain can be successfully overcome, there seems to be potential for future growth. As an example, in January 2018, hedge fund sentiment on bitcoin went bullish for the first time since the Commodity Futures Trading Commission (CFTC) began publishing reports on bitcoin positions.

However, don’t forget that the cryptocurrency sphere is increasingly crowded, and bitcoin is sure to face plenty of threats to its title as the world’s number-one cryptocurrency from a host of well-organised and professionally backed competitors. Watch this space to see how it all unfolds.


Images: Shutterstock

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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