Bitcoin has recently seen its best days yet, and even though it is no longer at its all-time high mark, it remains steadily on top. Besides, as more and more industries are starting to accept crypto, now is indeed a perfect moment to consider buying it. Still, potential owners’ concerns are understandable, given how expensive Bitcoin is. So, here is what you can expect from the most popular crypto two years from now.
Bitcoin as of now
Despite the somewhat disappointing dynamic over the past couple of weeks, Bitcoin remains the hottest cryptocurrency in the market. It has recently hit an all-time high and reached $60,000 but could not hold the price for long. Bitcoin is currently at roughly $57,000, and it is a great moment to give one of the Bitcoin casinos a try. Financial experts do not predict any major downfalls any time soon. In fact, they make a tentative prognosis that Bitcoin will set a new record and reach as much as $100,000 in the first quarter of 2022.
What is more, Bitcoin’s recent record-setting growth looks very inspiring. Unlike so many times before, the surge in price was not prompted by traders but happened organically. This means that current and would-be Bitcoin owners can sleep soundly knowing that even better days are yet to come. So if you’re still not on the Bitcoin ship, it might be an excellent opportunity to join in on the fun. Contrary to some critics’ concerns, the bubble is nowhere near bursting so far.
Bitcoin by 2023
That being said, the hopeful prognoses that Bitcoin might go all the way up to $1,000,000 in the upcoming years do not look realistic either. Such an immense surge has been predicted many times before, and the world is yet to see it. Based on analysts’ predictions, 2023 will not be the year. According to Previsioni Bitcoin, Bitcoin will mostly stay within the $60,000-$90,000 range two years from now. It will not go higher than $97,000 (for just one month in June 2023).
At the same time, Long Forecast, another platform that specializes in cryptocurrency predictions, projects that Bitcoin will reach and surpass $200,000 in 2023. Long Forecast also seems to believe that Bitcoin will maintain the $200,000+ mark almost throughout 2024, which is something every crypto owner would for sure appreciate.
And yet, the sizable difference in the prognoses from Previsioni Bitcoin versus Long Forecast shows that no one has any definitive knowledge when it comes to the Bitcoin dynamic in the upcoming years. Given how volatile the cryptocurrency market has been so far, there is nothing really surprising about this.
The bottom line: Is Bitcoin worth it based on the forecasts?
In the end, it does not matter if you have an optimistic or pessimistic view of Bitcoin’s growth rate in 2022-2023. Even the less hopeful forecast shows a significant surge compared to the recent spike (unprecedentedly high so far). Even if it does not climb all the way to $200,000, Bitcoin will continue to grow. So it might be a great time for an investment.
And it is not just Bitcoin. Polls show that various cryptocurrencies are now more popular than ever, including Ethereum and Bitcoin Cash. More than 40 percent of respondents admit that they would like to invest one-fourth of their retirement savings into crypto, and over 90 percent of people aged 30 and younger express interest in crypto in general. So if you are wary about the most hyped-up option or cannot afford Bitcoin, investing in another cryptocurrency might not be a bad idea. For example, Ethereum has been on the rise recently, and it is much more affordable than Bitcoin.