Bitcoin and Ethereum Price Predictions
Our Bitcoin price predictions for 2024 and the years ahead can be found below. We have also outlined our price predictions for Ethereum. These price forecasts or price targets represent our best-educated estimates based on the data and models that we have analyzed. In the past, we have made incredibly accurate bitcoin price predictions. Let’s see if that trend can continue.
Bitcoin and other cryptocurrencies have been the best investment of our generation. Investing early in cryptocurrency has minted a significant number of new multi-millionaires in the past 10 years. Bitcoin is still in the early innings and there is plenty of upside ahead in our view.
At Nicoya Research, we first recommended buying cryptocurrency to our subscribers when the Bitcoin price was just $100 and Ethereum price was under $10. We also generated incredible returns investing in select altcoins and taking our profits off the table following huge price advances. In 2023, we recommended investing in cryptocurrencies running artificial intelligence (AI) agents and cryptos that can be used to access computing resources online. We also have a bullish outlook on cryptocurrency projects focused on interoperability and tokenizing real-world assets. Bitcoin will remain our largest position, but we are always seeking alpha with smaller-cap names that fly under the radar of most investors.
Can the Bitcoin Price Continue Higher?
All key data points are suggesting that adoption is increasing rapidly. In every year other than one, 2015, Bitcoin has made a higher low. The market capitalization has grown every year. Institutional investors are now buying and the approval of a spot Bitcoin ETF now seems likely. Blackrock, Vanguard and other top asset managers with a combined $18 TRILLION in assets under management have submitted applications for spot Bitcoin ETFs. If just 5% of those assets go into Bitcoin, it would be roughly double the current market cap. With the largest percentage of Bitcoin ever in the hands of long-term holders, the perfect storm of strongly increasing demand and very little supply available on exchanges to trade should push the price explosively higher.
Every fundamental indicator of Bitcoin: usage, wallets, block size, transaction size, number of transactions, hash rate, are all rising and making new highs. All indicators of the network value are rising.
With a strictly limited supply of 21 million and rapidly growing demand, the price has the potential to climb much higher. If just 10% of the investing public were to buy bitcoin, there would be a massive inflow of funds and new demand to push prices to new highs.
The next Bitcoin halving occurs in April of 2024 and the Bitcoin price often rises ahead of this date in anticipation of the halving. The price then tends to rise very strongly in the 12 months after the halving. So, we think Bitcoin likely bottomed in late 2022/early 2023 and is now headed much higher throughout 2024 and 2025.
Here at Nicoya Research, our Bitcoin price predictions have been incredibly accurate over the past several years. Here is what we expect from the prices of Bitcoin and Ethereum over the next few years.
Bitcoin Price Prediction / Forecast
2024 Bitcoin Price Prediction: $120,000
2025 Bitcoin Price Prediction: $250,000
Ethereum Price Prediction / Forecast
2024 Ethereum Price Prediction: $5,000
2025 Ethereum Price Prediction: $7,500
We don’t have a crystal ball and these are just our best estimates of the future prices of Bitcoin and Ethereum based on due diligence and research. But it gives some indication of just how high prices could climb in the years ahead and the potential returns for investors willing to take the risk on this emerging asset class.
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