As the Bitcoin halving event is nearing, the crypto space is getting pumped up with enthusiasm. Very recently, Bitcoin hit the $10,000 mark, which filled the crypto space with frenzy. There are crypto analysts and enthusiasts who have been giving optimistic predictions since then. Fundstrat’s Tom Lee said that Bitcoin might reach $40,000 by the end of 2020. Tom Lee has been very vocal about his interest in Bitcoin always. He states that Bitcoin might give enormous returns post the halving event that is scheduled to be in May 2020.
Furthermore, Bitcoin is the only crypto that has received worldwide attention, awareness, and adoption. It has been accepted by organizations and payment gateways all across the world. Even new milestones are being achieved like Bitcoin hash rate reaching an all-time high of 62 quintillions per second.
Currently, Bitcoin (BTC) is trading at $8619 USD with a BTC price of 0.79% down today. The market cap of Bitcoin is USD 178,187,585,214 with 18,223,762 BTC circulating currently. The 24-hour price movement chart indicates that $45,928,009,445 worth of BTC was trading. The price peaked at $9,821.9500 in the last 24 hours while the lowest price was $9,493.6300 (Bitcoin price prediction today USD).
Bitcoin Price Prediction 2020: Will Bitcoin Go Up?
Bitcoin has been performing quite well and recently it has started with its bull run. This has taken the market by amazement. Now the traders and investors are in a state where they are trying to make optimum utilization of the bull run. The more the trading, the more the price. Moreover, as we know, Bitcoins are scarce in circulation, i.e. there can be only 21 million Bitcoins mined, out of which 17 million has been mined already, which means only 4 million to be mined, which will make its value more. Additionally, several countries like the U.S., Japan, and South Korea have shown extreme willingness to integrate Bitcoin and other cryptocurrencies into their financial systems by setting up regulated markets that might function freely and securely. By the end of the year 2020, the Bitcoin price will reach $23,499.
Bitcoin Price Prediction 2025
Bitcoin price prediction suggests that the Bitcoin price is up for a long-term 385.450281% in the BTC price value with a 5-year investment. This means that in 2025, the Bitcoin price is forecasted to stand at $ 50044.6.
Bitcoin might touch the $50k mark in the year 2025, which can take the crypto market to a whole different height altogether. As per the predictions and analysis, Bitcoin stays securely to number one position, without any close contender. Gradually, Bitcoin might be seen more as a store of value, along with it being an alternative currency. There are certain Bitcoin price prediction tools which help the experts come up with data. The fiat currencies might be replaced by Bitcoin, as predicted by crypto enthusiasts like John McAfee.
By 2025, Bitcoin might be used more often by more people, i.e, the real-time use case will be increased, which will make it even more powerful.
