By reading the article “Bitcoin (BTC) Price Prediction” published in Adaas Investment Magazine, you will get acquainted with the predictions for Bitcoin price in general. This level of familiarity can be enough for you to invest in the cryptocurrency market.
On August 18, 2008, after Bitcoin.org was first registered, an anonymous person named Satoshi Nakamoto published an article on the website entitled “Bitcoin is a unique electronic monetary system.”
In the published article, Satoshi described how a decentralized electronic monetary system was developed by a network of computers, and on January 3, 2003, Satoshi mined the first bitcoin network block with a 50 bitcoin reward, which was the beginning of the bitcoin blockchain.
You must have heard the story of buying 2 pizzas and paying 10,000 bitcoins. The price of each bitcoin unit was valued at around $0.004, but after the increase in the popularity of this cryptocurrency, due to its practicality and flawless system, the price growth of this currency started, and the first all time high of bitcoin which was very important for the media happened in 2017 with $19,000 for each bitcoin.
After falling from $19,000 to $3,500 in 2020, many traders and investors saw the bitcoin market as a great investment opportunity, and after the addition of large investment companies such as GrayScale, Bitcoin price growth has been much faster than many experts predict, and the last ATH recorded until November 17, 2021, was the price level of $69,000.
As we all know, Bitcoin cryptocurrency is strongly ranked first in terms of market volume or market cap. Many experts are considering an uptrend for the price of Bitcoin, and reasons such as inflation in the US dollar and the increasing use of this cryptocurrency are their biggest arguments.
In the following, we have published the Bitcoin price analysis until 2025, stay tuned to Adaas Investment Magazine.
Many bitcoin analysts predict a rise in the price of this cryptocurrency in late 2021 and early 2022, following the pattern of price increases after one year since the last Halving.
Expected prices vary from $100,000 to $300,000 depending on various indicators. Many of you have followed the laser eye trend on social media. The wave of people who have chosen laser eyes for their profile picture is waiting for a $100,000 bitcoin. One of the most important people with laser eyes is the CEO of Micro Strategy, whose news of big purchases always creates a wave of positive expectations in the market.
Once the price of Bitcoin reaches $100,000 to $300,000, there is a big possibility of price correction, and for this correction, late 2022 to early 2023 can be a good opportunity for people who could not buy Bitcoin at reasonable prices.
Don’t forget that Bitcoin cryptocurrency is one of the best assets to replace Fiat currencies. For this reason, the Bitcoin price correction may bring the price of this asset back to the range of $50,000 to $60,000, but after the formation of the support level, the price of this cryptocurrency will continue its upward behavior.
At the end of 2023 and the beginning of 2024, right in block 840,000, the bitcoin miners’ reward will be reduced to 3.125, and the fourth Halving of this cryptocurrency will be recorded.
Due to the prevailing behavior in the financial markets, this news may not cause a jump in the price of Bitcoin at first, but one of the most important reasons for the continued upward trend of Bitcoin prices is the negative inflation caused by Halving.
2024 could be an important year for Bitcoin to return above the $100,000 price level, and if negative news from governments is not released and network performance is as flawless as ever, we can start a new uptrend again.
Following the theory we first explained to you, in 2025, a year after the last bitcoin halving, price growth for this cryptocurrency is expected to rise.
As in November 2021, after the latter Halving of bitcoin, the price has experienced a growth of about 400%, considering the supprot level of $100,000 for Bitcoin and a growth of about 4 times, it can be concluded that Bitcoin may be in 2025 Record the $400,000 price level as its ATH.
Also, on-chain data such as Halving, which reduces the supply of Bitcoin and thus negative inflation, along with the increase of active Bitcoin wallets, indicates the possibility of increasing the value and price of bitcoin.
In the future, due to the increasing use of digital platforms, the demand for secure and decentralized cryptocurrencies such as bitcoin will increase and could be a strong reason for the upward trend in bitcoin prices.
Also, if the correct rules on cryptocurrencies are increased, it can be hoped that with the increase of bitcoin ETFs, capital will enter the cryptocurrency market, especially the bitcoin market, from the parallel market and increase the price and consequently its market volume.
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