The first crypto coin which made people believe the blockchain technology in this digital world is bitcoin. Bitcoin is a trendy and popular term when it comes to crypto payments and crypto trading. Besides, Bitcoin is the most traded and prominent cryptocurrency on all the crypto exchange platforms. Bitcoin was first launched in January 2009 by Satoshi Nakamoto with the reward of 50 bitcoins.
At the beginning stage of the bitcoin launch, the price of a single bitcoin is less than $1. But most people refused to buy bitcoin. Because they don’t know it will boom the digital trading market and also they don’t have trust in BTC. but within a few years, the bitcoin price skyrocketed and many traders showed their interest in trading bitcoins on the crypto exchange platforms. On the flip side, many new crypto coins were introduced in the marketplace similar to bitcoin. But the truth is till now, bitcoin value is very high and popular when compared to other digital currencies in the crypto marketplace.
Understanding the Bitcoin Exchange scale for 2021 will empower you to design interests in bitcoins and concentrate on the most extreme benefits from them. According to recent stats, experts are spreading their thoughts on how bitcoins are going to end up in the future.
Many people offered positive estimates of the bitcoin conversion standard for 2018 like ensuring the future increment in the cost of BTC, expanding enthusiasm for mining, and the conceivable acknowledgement of graves in various nations.
Exciting Facts of Bitcoin
- The time required for a BTC miner to add a block is 9.5 minutes
- 200k BTC miners are currently working behind bitcoin
- As of now, a total of 21 million BTC are in existence and this count varies for every ten minutes.
- 144 blocks are mined every day
- More than 3-4 million bitcoins are lost in mining. That means it is locked in the blocks.
- BTC will be always Top in the market cap and trading volume
- It’s the only crypto coin that has the highest value in the crypto marketplace.
History of Bitcoin Price in the Marketplace
Bitcoin had a volatile trading history since its creation in 2009. The first bitcoin price hike occurred during 2013. In 2013, the price of one bitcoin was around $1,124 in November. Four years later, the price of bitcoin skyrocketed and reached greater heights in the crypto marketplace.
We could also say that 2017 was a memorable year for Bitcoins. Because some popular crypto exchanges have the price of a single bitcoin at approximately $20k in late 2017. However, prices fell suddenly in a few months. At the beginning of 2018, the price of BTC is around $3700 and at the end of the year, it is about $6k. After some impacts in BTC price, the price of BTC stood around $10k.
In 2020, bitcoin reached the highest value in the range of $24k in December. It is an increase of more than 200% from the start of 2020. It is not only the best year for bitcoins but also for the crypto industry. The crypto industry reached many people globally due to the impacts of bitcoin in the marketplace. In the third quarter of 2020, more than 18 million bitcoins are in circulation and the market cap of Bitcoin was approximately $200 billion.
In the above chart, we can see how the bitcoin price has risen after October 2020. In 2021, the price of bitcoin rose suddenly after the single tweet of Elon Musk. As previously said, at the end of December 2020, the price of a single bitcoin is around $24000. But it took less than a month for Bitcoin to smash its previous price record and reached more than $40k in the mid of January 2021. However, within a few days, it was at $30.5k. As of now, the Bitcoin price was around $58.5K but the price may increase or fall based on the market fluctuations.
Now, let us see…
Bitcoin Price Prediction For 2021
At the end of January 2021, Bitcoin had seen a strong bullish and the price of Bitcoin was around $30k. At the end of February, the value of BTC was $58k which indicated that the long-term momentum is very bullish.
(Source – capital .com)After a week, the Bitcoin price fluctuated -25% and reached the previous high of $42 and support. Then, Bitcoin has continuously posted bullish daily and breaks the $58k all-time high and reached $61.8k. In 2021, we can expect the crypto market to move forwards to the 50% extension level. The bitcoin price would change by around 30-35% from the current price level of around $58k.
Bitcoin price predictions in 2021 vary dramatically across the crypto markets. As we know, the crypto market is highly volatile. Especially when it comes to bitcoin, the price varies for every minute. We can not predict the BTC price for every minute. But we can predict the BTC price for a month. So here is the bitcoin price prediction table from March 2021 – December 2021. The below price prediction table includes beginning price, maximum price, average, and end of the month.
The above-mentioned values in the table are just a prediction of Bitcoin price in 2021. But the BTC price might vary based on the social impacts, economic impacts, and bitcoin trading in the exchange platforms.
Now, let us see…
Bitcoin Price Predictions of 2021-2022 From the Top Crypto Experts
Here we list some crypto experts bitcoin price predictions in 2021-2022
- Shervin Pishevar
Shervin Pishevar is one of the popular venture capitalists and angel investors who made investments in several companies like Airbnb, Uber, etc. He said that Bitcoin will reach $100K by the end of 2021 via Twitter. So after a December 2020 meeting with MicroStrategy CEO Michael Saylor, whose company invested more than $1 billion in Bitcoin in 2020. It’s no surprise that Shervin has become bullish on the Bitcoin marketplace.
- Thomas Fitzpatrick
Thomas Fitzpatrick is the global head of CitiFX Technicals. He predicted that the bitcoin price will rapidly increase and reach $318k by 2022. But later, his prediction report leaked on the internet in late 2020. So many people invested in bitcoin.
- Winklevoss Twins
Winklevoss twins are the famous Bitcoin billionaires who have said Bitcoin will reach a price of $500k by 2030. Tyler Winklevoss said that bitcoin is gold 2.0 and it will disrupt gold. Besides, he said that it could price one day at $500,000 of bitcoin. The bitcoin price prediction has been completely explained in an article by Tyler on their official website.
- Wences Casares
Wences Casares is the Founder & CEO of Xapo, a Bitcoin wallet startup, and the main member at PayPal. Weneces Casares has an interest in Bitcoin due to high financial volatility in his native currency, the Peso. He bought his first Bitcoins in 2011 and believed that Bitcoin will hit more than $1 million before 2027. Also, predicted that the milestone will be reached in 5-10 years.
- Jeremy Liew
Jeremy Liew is a partner at Lightspeed Venture Partners and the first investor in Snapchat. Jeremy’s other investments are Beme, the VarageSale, and LedgerX. So, his net worth is estimated at a worth of $2 billion. Jeremy Liew predicted that the Bitcoin price can reach $500k by 2030.
- Kay Van-Petersen
Kay Van-Petersen is an analyst at Saxo Bank and specialized in online trading & investment. Van-Petersen believes that Bitcoin will reach $100k by 2027, according to the CNBC news published in May 2017. He successfully predicted Bitcoin’s flow up to $2k by 2017. Petersen suggests that Bitcoin would account for 10% of the volume in the foreign exchange market.
- Tai Lopez
Tai Lopez is a well-known investor and online marketing expert. Lopez believes that if the millionaires 1% of the asset is invested into Bitcoin in the upcoming months. Then the price of Bitcoin will reach around $65,000.
- Mark Yusko
Mark Yusko is the popular & renowned billionaire investor and a founder of Morgan creek capital. He predicted that the Bitcoin price could range up to $400k in the future. With one bitcoin price ranging to more than $58k, he says that Bitcoin will be worth it over the long term for making profits.
- Tom Lee
Tom Lee is a Co-Founder and suggests bitcoin price is rising today due to the intrinsic increase in the value of cryptocurrencies. He predicted that the bitcoin price would reach more than $100k by the end of 2021.
- Ronnie Moas
Ronnie Moas is the founder of Standpoint Research and predicted that a single Bitcoin will reach a price of around $70k in the mid of 2021.
These are the top expert’s Bitcoin Price Predictions in 2021-2022.
Wrapping up
We hope you have gained knowledge about bitcoin price prediction 2021. This would be helpful for bitcoin traders and other individuals who are willing to invest in bitcoin. “But, all the above-mentioned prices of bitcoins are just predictions by the experts in the crypto community and not an exact price”.
These bitcoin price predictions may or may not happen. But these predictions are always helpful for crypto traders in making profits and for a better future. When you have an interest in investing your money in bitcoin, do market research on bitcoin and then invest your valuable money in the right way.
