Bitcoin (BTC) Price Prediction 2024-2030: From $100k to $1 Million Per Coin?

Bitcoin [BTC] has been stuck in a boring price consolidation since March. However, most analysts and industry leaders remain bullish, especially from Q4 2024 to 2025.

Several analysts and industry leaders have made bold predictions for the future price of Bitcoin (BTC). While the world’s largest cryptocurrency has been stuck in a price consolidation since March, most remain bullish, especially from Q4 2024 to 2025.

Leading institutions like Standard Chartered predicted that the world’s largest digital asset could hit $150k by end-2024.

In a recent note to clients, Standard Chartered highlighted several drivers for its bullish BTC price target. The bank noted that BTC’s correlation with the S&P 500 had dropped to pre-2021 levels. This indicated that the cryptocurrency was less influenced by traditional markets.

Furthermore, the bank highlighted the Federal Reserve’s quantitative tightening measures, which could lead to capital outflows from traditional markets and into alternative assets like crypto.

“We think the Fed hiking cycle is fully priced in by now and that flows into crypto are likely to accelerate in H2, especially into BTC.”

Standard Chartered also noted that BTC’s realized price had dropped to $23,000, indicating a large unrealized gain for most holders. This could lead to selling pressure at higher price levels.

However, the bank remained bullish on BTC’s long-term prospects, predicting that the coin could hit $200K by the end of 2025.

“We think BTC is likely to continue rallying and might hit $200K by end-2025.”

Swan Bitcoin’s CEO Cory Klippsten made a BTC price target during a recent interview with Kitco News. He said,

“I think BTC price might be 100K flat by April 2025…By the end of 2025, we’ll probably have a round trip, and be back down to $125K.”

Moreover, the executive maintained that the largest digital asset could hit $1 million per coin by 2030, adding,

“We’ll have Bitcoin sats to dollar parity, which means $1 million per coin by 2030.”

Klippsten’s target was slightly different from Standard Chartered. The bank projected BTC could hit $200K by the end of 2025, unlike Klippsten’s conservative $125K target.

However, do the common BTC prediction models agree with this outlook?

What does Bitcoin power law model project?

The Bitcoin power law is one of the prediction models widely used by analysts. It attempts to gauge future price targets based on historical price action. It has three price bands: support, resistance, and median level.

In early 2024, the model projected a high of $300K, a low of $20K and a conservative target of $74K. In March, BTC hit a high of $73K, slightly shy of the median target of $74K.

The model targets for early 2025 are $420K, $40K, and $115K. So, Klippsten’s target was almost similar to the model’s median target. For the end of 2025, the median target was $150K and was way below the executives’ projections of $125K.

It’s worth noting that the power law model relies on past price patterns and may be invalidated by blackswan events.

In the meantime, BTC’s recent dump eased above $52K, the same support that stopped early August’s massive decline. According to BitMEX founder Arthur Hayes, a rebound might be likely based on a positive outlook from the macro front. He said,

“With Janet Yellen watching market and releasing a weekend statement, if stuff continues to puke next week $BTC *MIGHT* rise anticipating more dollar liquidity.”

However, the recovery must clear overhead resistances above $57K, the previous range lows at $60K, and another supply zone at $65K. At press time, BTC traded at $54.3K, about 26% down from its record high of $73.8K in March.

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