Bitcoin’s popular digital currency value is reaching new highs daily, as many bullish investors bet on the cryptocurrency becoming a mainstream asset. Despite its rising popularity, it remains as volatile as any other cryptocurrency. As a result, it is logical to ponder if Bitcoin a good investment in 2023. If you’ve wondered if is Bitcoin a good investment, you’ve come to the correct spot.
In this article, we will look at BTC price prediction over the years and determine whether is Bitcoin a good investment or not.
Is Bitcoin a Good Investment?
Bitcoin is a friendly cryptocurrency that is the most decentralised cryptocurrency on the market today. Bitcoin gold is also gaining popularity as it is immutable and has a fixed supply. In other words, governments have no authority over how Bitcoin works or how to use it. Because Bitcoin’s value is not dependent on any individual or organisation, it is resistant to manipulation and fraud.
Furthermore, with only 21 million Bitcoins in circulation, contrasted to fiat currencies, which can be inflated at whim by central banks and governments, Bitcoin symbolises a different sort of monetary independence. It is society’s closest approximation to digital gold. Even with these solid foundations, is Bitcoin a good investment?
Aside from its use as a currency and potential as a store of wealth, Bitcoin is one of the few cryptocurrencies that is gaining traction among institutional investors. Stating Bitcoin is one of the top cryptocurrencies with the potential to become fully popular, implying a long-term value increase.
Experts BTC Price Prediction over years-
Before purchasing a cryptocurrency, it is critical to understand its price history, helping you predict where it might go in the future. Bitcoin was developed in 2008, although it was made public in 2009. It was worth $0.0008 in July 2010 after trading at zero for most of 2009. It had climbed to $0.08 by August 2010. Things then stalled until April 2013, when it reached $250 for the first time in history.
However, Bitcoin first gained international attention in December 2017, reaching an all-time high of $20,000. While there was a downturn in 2018, Bitcoin resumed positive momentum in 2020 and set an all-time high of $69,000 in November 2021. While Bitcoin might enter another bear market in 2022, anyone who purchased in the early 2010s is still in the black by hundreds of percentage points. Those who invested $1000 in Bitcoin in 2010 are now multi-millionaires.
BTC Price Prediction:
Price Prediction in the Year 2022
Every cryptocurrency expert has their analysis or projection for the Bitcoin price. Despite the recent volatility and price drop, many remain optimistic that Bitcoin will reach US$ 100,000. Some sites anticipate that Bitcoin will continue at US$ 42,664 in 2022, while others disagree, predicting that Bitcoin will end this year at US$ 43,011. Meanwhile, according to the current Bitcoin price, Bitcoin might reach over US$ 37,450 by the end of the year.
Price Prediction in the Year 2023
In 2022, the price of Bitcoin (BTC) will surpass $70,000 and remain stable. The lowest Bitcoin price will remain at US$ 65,000 this year. Meanwhile, researchers predicted that the most excellent Bitcoin price prediction is surpassing $72,000 in 2023.
Price Prediction in the Year 2024
Bitcoin will begin its journey in 2024 with an average price of USD 78,000. In 2024, the highest exchange value of BTC would be roughly USD 85,000. The cost of Bitcoin and other cryptocurrencies might rise dramatically compared to the previous year in 2024.
Price Prediction in the Year 2025
In 2025, the BTC Price Prediction is assumed to skyrocket. Bitcoin trade at an average price of US$ 124,520.58, with a maximum price of US$ 137,071.13.
Price Prediction in the Year 2026
In 2026 Bitcoin is expected to reach a high of US$ 214,232.74 and a low of US$ 181,308.21 in 2026, with an average price of US$ 186,289.04. Meanwhile, Ambcrypto sees more significant potential in Bitcoin and predicts that the price of Bitcoin will conclude at an average of US$ 274,279.582.
Price Prediction in the Year 2027
Bitcoin appears to have a perfect future, as it will begin the year with an average value of US$ 280,279.966; conclude 2027 with an average of US$ 369,103.045, a minimum and high of US$ 343,265.831 and US$ 394,940.257.