Bitcoin Halving: Institution Predicts Average of $87,000
Bitcoin Price Predictions
What is Bitcoin Halving?
Bitcoin Halving: Institution Predicts Average of $87,000
Cryptocurrency data platform CoinGecko has compiled price predictions from various institutions for Bitcoin after its fourth halving.
In addition to the institutions shown in the figure below, CoinGecko’s data also includes predictions from independent research institution Finder, covering a total of 31 institutions.
The statistics show that the projected price for BTC in 2024 is at least $80,000, with an average target price slightly above $87,000.
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Bitcoin Price Predictions
Bitcoin Price Prediction Range
Among these institutions, 47% believe that the current price of Bitcoin is undervalued, while only 10% believe it is overpriced. The consensus average is $87,000, with ARK Invest predicting that Bitcoin will reach a minimum of $600,000 by 2030.
The detailed range of predictions from various institutions is as follows:
Bloomberg (Mike McGlone): Bitcoin will reach $100,000 by 2026.
Bernstein (Gautam Chhugani): Bitcoin will reach $150,000 by 2025.
BitQuant: Bitcoin will reach $80,000 – $250,000 by the end of 2024.
Matrixport (Markus Thielen): Bitcoin will reach $125,000 by the end of 2024.
ARK Invest: Bitcoin will reach $600,000 – $1,500,000 by 2030.
ARK Invest’s prediction, as always, is exaggerated. Initially, in early 2021, they predicted that Bitcoin would reach a range of $200,000 to $500,000 in the long term due to institutional cash reserves. Now, it seems that this number has doubled once again.
【Chain News Analysis】Interpreting ARK Investment’s Big Ideas 2021: Bitcoin as Corporate Cash
What is Bitcoin Halving?
Ark Invest
Bernstein
CoinGecko
Matrixport
Further Reading
Global Ranking of Bitcoin ETF Popularity: Luxembourg and Singapore at the Top, China and the US Falling Behind
Is There Still Hope for the GameFi Market? CoinGecko: 3 out of 4 Web3 Games Have Failed.