$BTC #Prediction: Bitcoin Will Reach $150,000 in 2030
Bitcoin's returns from here won't resemble its past gains.
The supply cap of Bitcoin is a compelling trait.
Investors should be prepared for Bitcoin's price to remain volatile.
Motley Fool Issues Rare âAll Inâ Buy Alert
This top digital asset could be a big winner in the years ahead.
Bitcoin (BTC -0.58%) has been on a fantastic run over the past year and a half -- it's now up by 299% since the start of 2023. That growth has slowed a bit, as the price of the crypto is down 6% from its all-time high that was reached in March. The current price is roughly $69,400.
For those wondering if now is still a good time to buy the world's most valuable cryptocurrency, I think Bitcoin will reach $150,000 by 2030, delivering an annualized return of 14%.
Diminishing returns
It's important to recognize that Bitcoin's forward returns will likely be much less than its monumental rise to its current level. This asset isn't flying under the radar anymore. So, Bitcoin's appreciation will probably decelerate in the years ahead.
But some prominent figures in the business and investing worlds remain far more bullish than I do. Cathie Wood and her team at Ark Invest think Bitcoin's price could get to $3.8 million by 2030. And Jack Dorsey, the co-founder and CEO of Block, believes Bitcoin will hit $1 million by 2030.
In that context, my prediction of $150,000 by the end of the decade is a more tempered outlook, but it would be a gain that outperforms the S&P 500's average return. Historically, that broad index of 500 of the largest and most profitable U.S. businesses has produced annualized total returns of about 10%.
