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Noted venture capitalist Tim Draper estimates a year-end 2025 price of $250,000 for Bitcoin. Standard Chartered projects a $200,000 Bitcoin price target in 2025.
But as its price undergoes a period of volatility, it's easy to forget that Bitcoin is still up more than 30% from the beginning of the year and more than 125% since August 2023.
This bold prediction was not fully realized, though Bitcoin did reach an all-time high of approximately $69,000 in Nov EXCLUSIVE: Tim Draper Predicts Bitcoin To Reach $120K By End Of 2024, $250K ...
By the end of the year, Bitcoin could hit a price of $100,000. ... Prediction: This Will Be Bitcoin's Next Big Move. Dominic Basulto, The Motley Fool. August 31, 2024 at 5:50 AM.
Wood has shared price targets for Bitcoin over the years, including a high of $3.8 million for BTC by the year 2030. ... return if Wood’s base or bullish predictions come true. Even the bearish ...
In February 2018, the price crashed after China imposed a complete ban on bitcoin trading. [38] The percentage of bitcoin trading in the Chinese renminbi fell from over 90% in September 2017 to less than 1% in June 2018. [39] During the same year, bitcoin prices were negatively affected by several hacks or thefts from cryptocurrency exchanges. [40]
Given these active price-boosting catalysts, Bitcoin's price can rise more than 50% over the next 16 months, reaching $100,000 or more. But always remember to take predictions with a grain of salt.
Bitcoin could still be on pace to hit $100,000 by the end of 2024. Here's why.