It is difficult to make long-term predictions, but it is possible to guess what Bitcoin will be worth in a decade’s time. In other words, what will be the price of a single coin in 2023? We’ve compiled some scenarios and analyzed the potential of different cryptocurrencies. Read the guide on Bitcoin taxes from Koinly. Nevertheless, you should keep in mind that this is a rough estimate and many variables can affect it. Nevertheless, we can assume that there will be some positive trends and a price rise of Bitcoin in the next decade.
Some prominent investors predict that the price of Bitcoin will hit $12.5 million by 2023. Parallax Digital’s CEO, Robert Breedlove, has a higher price prediction. The current price of Bitcoin is around $625 and could hit $12.5 million by 2023. This figure is largely influenced by high inflation, which may encourage investors to search for a safer haven in digital currencies. If this happens, Bitcoin’s value will stabilize as more companies adopt it.
The prediction chart below provides an outline of the minimum and maximum price predictions for BTC. The lowest and highest BTC values are highlighted in orange. The predictions are based on market technical analysis and the future price of BTC is likely to rise above $58,000 in 2022. However, this forecast should not be acted upon prematurely. You should keep in mind that cryptocurrencies are still a relatively new market and have yet to be adopted by mainstream investors. If you’re not sure how Bitcoin is going to develop, make sure you stay tuned and keep an eye on it.