Bitcoin (BTC) price prediction 2024
A panel of industry specialists give us their predictions on the price of Bitcoin in 2024.
Finder analyses expert price predictions each quarter. We conducted our most recent survey in January 2024 in which our panel of 40 crypto industry specialists shared their thoughts on how Bitcoin would perform through 2030.
All prices mentioned in this report are denominated in US dollars.
On average, our panel thinks Bitcoin (BTC) will be worth US$77,423 by 2024 before rising to US$122,688 by 2025 and then US$366,935 by 2030.
Bitcoin price predictions for 2024, 2025 and 2030
Bitcoin's price is expected to rise to US$77,423 by year-end 2024, according to the average prediction from Finder's panellists.
Our more bullish panelists see BTC trading for well over six figures in 2024, while our more bearish panelists see it trading lower than it is now (around US$40,000 at the time of writing) by the end of the year.
This price prediction was down significantly from US$38,488, the average prediction for Bitcoin's price by the end of 2023 from our July 2023 survey.
Our panellists also predict BTC will hit US$122,688 by 2025 and US$366,935 by 2030. They were more bullish than in our most recent survey from October 2023 and in our survey from this time last year. In neither our October 2023 nor January 2023 surveys did our panelists think BTC's price would crack US$100,000 by 2025 or US$300,000 by 2030.
"Bitcoin's potential to reach $80,000 in 2024 can be attributed to several factors," says Kadan Stadelmann, CTO of Komodo. "First, major companies and institutional investors [are] showing growing interest [in bitcoin, which] is likely to drive demand. Second, the approval of spot ETFs mak[es] [price exposure to bitcoin] more accessible than [it was in] previous market cycles. Lastly, and most importantly, the 2024 halving will reduce the newly issued supply from 6.25 BTC per block to 3.125 BTC, creating a scarcity that tends to increase its value."
Daniel Polotsky, founder and chairman of CoinFlip, also added that the US Federal Reserve (The Fed) may cut interest rates starting in 2024, which could lead to liquidity flowing into bitcoin. He believes that rate cuts coupled with global political instability, spot bitcoin ETFs and the halving could lead to a notable rise in bitcoin's price.
"While the absolute top of the bull market, estimated between $150,000 to $250,000, may be on the horizon for 2025, some of the events above will create sustainable long-term value for bitcoin as well," says Polotsky. "Only seasoned traders should try to time this cycle, and the best move for the majority of the population is likely to hold for the long term."
But not all of our panellists were so bullish.
John Hawkins, Senior Lecturer at the University of Canberra, believes bitcoin is still little more than a speculative bubble.
"If the new spot Bitcoin ETFs are popular, there could be temporary price increase. But in the medium to longer-term, I still regard Bitcoin as a speculative bubble," explains Hawkins. "And recall, in 2021, similar claims were made about the BTC futures ETFs as are now being made about BTC spot ETFs. Then the Bitcoin price went up for a while but later crashed."
How high and low will BTC go in 2024?
The average peak price our panellists predict Bitcoin will hit by year-end 2024 is US$87,875, with some predicting it will climb as high as US$200,000.
The average lowest price our panellists predict Bitcoin will hit by year-end 2024 is US$35,734, with some predicting it will fall as low as US$20,000.
Henry Robinson, co-founder of Decimal Digital Currency, believes we'll see BTC reach US$120,000 before 2024 is out.
"Bitcoin's price today is driven by a tug of war between long and short leveraged traders, and all this chop is hiding the reality of there not being all that much supply available," explains Robinson. "There will be a moment in which the entire market realizes this simultaneously, and Bitcoin will violently blast upwards in search of a price that fulfills the demand. Macro forces (ETFs, dovish Fed, increasing adoption) are adding fuel to this rocket every day."
Shubham Munde, Senior Market Research Analyst at Market Research Future, is also quite bullish, as he thinks we'll see BTC at US$115,000 at some point in 2024.
"[The] BTC boost can be attributed to the limited supply, market demand, inflation in USD, institutional adoption, and speculation and sentiment," says Munde. "The rise in BTC's price will [attract] more buyers [and] further boost the [price of] BTC."
Lex Sokolin, managing partner at Generative Ventures, is a bit less bullish but still thinks we'll see BTC hit US$90,000 at its peak in 2024.
"We have cleared many of the major hurdles holding the industry back," claims Sokolin. "[And] the developments built in the bear markets are coming online."
Nick Ranga, Senior Cryptocurrency and Forex Analyst at ForexTraders.com, was one of our few panelists who thinks we'll see BTC head below US$30,000 in 2024. Judging by his comments, though, it seems it would quickly rebound if it does drop that low.
"There will, of course, be downs as well as ups," explains Ranga, "but if the current all-time high is breached convincingly, then $80K looks likely, and $100K is not outside the realm of possibility."
Jonathan Habadou Solomon, cofounder and co-CEO at A.R.I.A. Algorithmic Ratings & Investment Analysis, also believes BTC investors should prepare for volatility, as he believes BTC's price could drop as low as US$30,000.
"Key events like the spot ETF and the halving seem to be already priced in," says Solomon. "Additionally, Bitcoin's correlation with traditional markets, which I believe are currently overvalued, could lead to a challenging year in 2024. While I foresee the possibility of a new ATH (all-time high) around $80,000 in 2024, I don't anticipate it reaching $100,000 within the year, and investors should expect some volatility along the way."
Is now the time to buy, sell or hold Bitcoin (BTC)?
The majority of our panelists believe it's a good time to buy BTC.
To be exact, 57.5% think Bitcoin is a buy at its current price, while 37.5% believe it's a good time to hold the asset. Only 5% think it's time to sell.
Jason Lau, Chief Innovation Officer at OKX, believes it's time to buy BTC.
"Bitcoin continues on its 15-year trajectory of ever-increasing adoption and accessibility," begins Lau. "With the approval of the ETF, we now have cleared a major hurdle from the SEC and major financial institutions. The increased access for retail investors, coupled with alignment from financial institutions to adopt and promote bitcoin is going to kick off a new wave of inflows over time. While short-term volatility is expected as firms and hot money reposition, the longer-term prospects are bright."
Josh Fraser, cofounder of Origin Protocol, also thinks it's time to buy, as he believes quantitative easing (QE) from The Fed is coming.
"In order to see a full-blown bull market, we'll likely need some form of QE," explains Fraser. "It's likely we'll see QE by the end of 2024, although it's likely the ramifications of this won't take full effect until early 2025."
Joseph Raczynski, futurist at Joe Technologist, Consulting & Media, says it's time to hold BTC.
"Regulator approval of the BTC ETF by the SEC was huge," shares Raczynski. "It stamps Bitcoin as now generally acceptable. Tens of millions of people and institutions have access to Bitcoin as an asset class."
Jeremy Cheah, Associate Professor of Decentralised Finance at Nottingham Trent University, is one of our few panelists who thinks it's time to sell your BTC.
"As economic growth slows down plus the effect of approval of ETFs subsiding, there will be a modest correction to the price," says Cheah.
Is bitcoin (BTC) overpriced, priced fairly or underpriced?
Over half (54%) of our panelists feel that bitcoin is currently selling at a discount.
33% feel that bitcoin is currently priced fairly, and 13% say it's overpriced.
Mitesh Shah, founder and CEO of Omnia Markets, Inc., thinks BTC is underpriced.
"Bitcoin is well-positioned to grow this year following the spot ETF approvals and the halving, expected to take place in April," explains Shah. "The ETF approval now opens the doors to the enormous TradFi wealth to enter the market, while the halving is expected to build upon this momentum throughout the year as the next Bull run, which I believe will lead to a new ATH."
Ben Ritchie, Managing Director at Digital Capital Management Pty Ltd, also believes BTC is underpriced, though he's anticipating a potential drop in its price in the short term.
"We anticipate Bitcoin will experience a pullback in price as Bitcoin ETFs gain market traction before surging forward in 2024 to meet resistance levels of [the] previous all-time high of $69K in Q4," says Ritchie.
Miles Paschini, CEO at FV Bank, thinks BTC is priced fairly as the market adapts to institutions coming in.
"BTC is going through an institutional transformation where old holders/traders will be happy to exit, and new holders/traders will be taking future positions," says Paschini. "With the new ETPs (the spot bitcoin ETFs) in the market, it is likely a new base of investors with a longer-term view will come into the market as the dynamics of institutional investment and access to consumer products takes place."
Julian Hosp, CEO of Cake Group, believes BTC is currently overpriced.
"[The] ETF was overhyped," he explains.
Why did bitcoin's price increase over the past few months?
The majority of our panelists believe that the spot bitcoin ETF approvals, anticipation of the halving and growing institutional investment were the primary drivers of the upward momentum in bitcoin's price during the past few months.
"The current market momentum [came from anticipation of] the approval of the BTC ETFs and inflows of institutional money in such products," says Raul Calvo, cofounder at Diva Staking.
Vetle Lunde, Senior Analyst at K33 Research, has a similar perspective.
"The run-up towards the ETF approval has been very heated," shares Lunde, who adds that "the halving, easing macro conditions and enhanced access through ETFs are fundamentally positive price forces for the year as a whole."
Will the bitcoin halving trigger a crypto bull run in 2024?
While over 50% of our panelists believe that the halving will trigger the next crypto bull run, many feel it will be a mix of factors that will catalyze a crypto bull market.
Akash Mahendra, Head of Developer Relations at Haven1, believes that the "halving narrative" will be important but that the approval of spot bitcoin ETFs will also play a role.
"Easy access for retail and institutional investment due to ETFs [will] accelerate demand [for bitcoin]," says Mahendra, who adds that "major players now recognize crypto as a proper asset."
Martin Frohler, CEO of Morpher, also believes the halving will play a role in kickstarting a crypto bull market, though he notes some other important variables, as well.
"2024 is an election year in the US, and about 21 percent of the US debt needs to roll into new contracts at much higher interest rates," explains Frohler. "That pretty much guarantees rate cuts and/or stimulus, which is always good for hard assets like BTC. On top of that, we have ETFs [and] fair value accounting contributing to a perfect bullish storm for BTC."
Gracy Chen, Managing Director at Bitget, highlights that non-Bitcoin narratives also drive crypto markets.
"The arrival of a general bull market is usually accompanied by a new narrative that guides market growth," shares Chen. "Similar to the ICO trend in 2017, DeFi in 2020, and GameFi in 2021, it is anticipated that this year's bull market will also be led by new narratives, such as the BTC ecosystem, DePIN, L2, and L3 tracks."
Sergey Golubev, project manager at Crynet Marketing Solutions, believes that issues in traditional finance will also contribute to a crypto bull market.
"Crisis in state and corporate finance will bring investors to crypto and digital assets," claims Golubev.
How long after the halving will it take for BTC to reach a new all-time high?
Just under half of our panelists (47%) believe BTC will reach a new all-time high six months after the halving.
About one-fifth (18%) think BTC will reach a new all-time high 12 months after the halving.
Samy Ben Bahmed, manager at Sastanaqqam, says BTC will reach a new all-time high six months after the halving.
"My predictions are based on historical trends," says Ben Bahmed, highlighting the fact that BTC made an all-time high just over six months after the previous halving.
Carlo Di Clemente, COO at GroveX Pty Ltd, is in the camp that believes we'll see an all-time high for BTC 12 months after the halving.
"The Bitcoin halving event in 2024 combined with the approval and launch of a Bitcoin ETF could set a positive stage for 2024 and beyond," says Di Clemente, "assuming no major unexpected global events or regulatory changes [occur]."
Meet the panel
Finder surveyed 31 fintech specialists in January 2024. Panellists are able to answer as many or as few questions as they like, meaning the number of responses received varies by question. 30 panellists gave their price prediction for BTC by year-end 2023, 2025 and 2030. Panellists may own some cryptocurrencies, including BTC. All prices are listed in USD per BTC.
Changes to methodology: In 2021, this research was conducted using the simple mean of all answers supplied to Finder. From 2022, we switched to using the truncated mean, with the top and bottom 10% of responses removed in order to attain a more consistent result. Any 2021 results quoted in this analysis have also been re-calculated using the truncated mean.
More guides on Finder
How to buy Bitcoin tokens, BRC-20s and Ordinals Inscriptions
Bitcoin tokens are set to become one of the biggest cryptocurrency trends of 2023 – here's how to get started investing in them.
How to gift Bitcoin: 5 ways compared
Buying Bitcoin as a gift for someone has never been easier. Here’s how to do it safely and stress-free.
How to mine Bitcoin (BTC)
Is Bitcoin mining still a profitable venture? In this article we explain the basics, outline the steps involved and discuss the costs to consider.
How to buy large amounts of Bitcoin
Want to buy a large amount of bitcoin? This guide takes a look at the easiest and cheapest ways to spend big on cryptocurrency.
Bitcoin vs Ethereum
What exactly is the difference between Bitcoin and Ethereum? A beginner's guide to Bitcoin vs Ethereum.
5 ways to sell your Bitcoin (BTC) in 2024
Need ways to sell your Bitcoin? Here are different methods you can 'cash out' your Bitcoin (BTC) holdings.
How to buy Bitcoin with PayPal
Want to buy Bitcoin or any other cryptocurrency with PayPal but don’t know how? Find all the information you need in this handy guide.
11 crypto scams to avoid
A round-up of the most common crypto scams and how to detect and avoid them.
Ask an Expert