Several crypto experts have made their predictions about the future of the cryptocurrency market. Some of them were accurate and some were not. But the question is, what is your price prediction for Bitcoin in 13 months? This is a simple question with a big impact on the value of Bitcoin. In this article, I will discuss some of the key factors to consider in making a price prediction. Let’s start by looking at the fundamentals of bitcoin.
The price of Bitcoin reached its all-time high in November last year, but since then it has fallen dramatically. The price is only a few hundred dollars away from its prediction model, which was made by a Dutch crypto analyst using a pseudonym. This analyst believes that bitcoin will reach $43,000 by the end of September. Currently, it is trading around $43,150. The cryptocurrency has a devoted following on social media, with more than half a million followers on Twitter. His model predicts that the price of bitcoin will rise significantly due to its decreasing supply and inbuilt scarcity.
Experts predict that Bitcoin will hit $100,000 by 2022. Then, the price of Bitcoin will rise to $256,117 by 2025 and $1,010,923 by 2030. Barron’s recently reported that bitcoin-backed mortgages are about to hit the market. Home buyers will be able to use the currency as collateral to get a mortgage. As the world continues to learn about the power of decentralized financial technologies, the future of Bitcoin is bright.