The cryptocurrency market has crashed a stunning $3.61 trillion achievement, motivated by former U.S. President Donald Trump’s vocal support for Bitcoin. For the first time ever, BTC exited $100,000, peaking at $102,700 late Wednesday night. This upswing shows a steady journey from under $70,000 just weeks ago, fueled by Trump’s election win and his promises of crypto-friendly policies. As Bitcoin gains momentum, the big questions loom: What comes after $100k? Could $610k really be within reach by 2030? Let’s break it down.
BREAKING: #BITCOIN HITS $100,000 FOR FIRST TIME EVER!https://t.co/XwdsvLUycN
— Bitcoin Magazine (@BitcoinMagazine) December 5, 2024
Bitcoin Price Today: Setting the Stage
1 BTC is going for $102,959, up 6.35% in just 24 hours, as of writing. Its market cap stands tall at $2.03 trillion, with daily trading volume cruising at $126.1 billion. With 19,790,568 coins in circulation, BTC continues to prove its growing impact. Earlier today, it reached an all-time high of $103,022—a far cry from its $0.05 price back in July 2010.
Alt text: BTC/USD price chart today showing BTC price at over $100k. Source: TradingView
Short-Term Outlook: 2024–2027
The bullish run of 2024 shows no signs of slowing down. Optimism about lower U.S. interest rates has kept Bitcoin price climbing. Analysts predict prices could hit $110,000 at the high end or dip to $81,000 on the low side.
Trump’s re-election has sparked global Bitcoin adoption, with countries like the U.S., China, and El Salvador holding a combined 470,000 BTC in their reserves. This institutional confidence is shaping the market.
As adoption grows in places like Argentina, Singapore, Vietnam, and the UAE, 2025 could bring even more upward momentum. Analysts expect prices between $85,000 and $169,046, with a mid of $127,023. By 2026, the range could expand to $111,156–$192,907, with prices averaging $152,031. By 2027, Bitcoin price might stabilize at $138,697–$239,558, at $189,127 midway.
Long-Term Run: 2028–2030
The next Bitcoin halving in 2028 is likely to fuel another rally. Analysts project prices between $174,662 and $347,782, with $261,222 as the average.
By 2029, global adoption could push Bitcoin’s value even higher, with estimates ranging from $201,355 to $459,368. The average price might sit around $330,361.
As 2030 approaches, Bitcoin price could hit a new all-time high. Projections suggest a range of $238,152 to $610,646, with an average of $424,399. Blockware Solutions sees Bitcoin price potentially reaching $400,000, while financial educator Robert Kiyosaki predicts it will surpass $100,000 before 2025.
Here’s What Experts Are Saying
Adam Back supports predictions of Bitcoin’s continued rise, citing strong long-term momentum. Coinfomania’s analysis aligns, forecasting a 2024 high of $110,000, driven by robust investor optimism.
The $100k milestone cements Bitcoin’s importance in global finance. Institutional backing, country-level adoption, and upcoming halving cycles signal the potential for sustained growth. That said, the road ahead isn’t without bumps. Market swings, economic shifts, and regulatory decisions will continue to shape Bitcoin’s path.
The post Bitcoin Price Prediction 2024–2030: Bitcoin Hits $100k—Could $610k Be Next? appeared first on Coinfomania.
