Will Bitcoin run out of coins?
Bitcoin's maximum total supply is limited to 21 million coins. There are roughly 19.7 million outstanding today. Because of halvings, the last bitcoin is projected to be mined in the year 2140. For investors, halvings, which occur every four years, have proven to be bullish.
There are expected to be 64 Bitcoin halvings before the 21 million cap is reached sometime around 2140, at which point halvings will cease and the blockchain will stop issuing new tokens. When that happens, Bitcoin miners will have to rely on transaction fees, their other revenue source besides mining rewards.
Only 21 million bitcoins can ever be mined — but projections say the last won't be mined until around 2140. A major constraint on how many bitcoins there are is the block reward halving process — and a halving event is expected in April 2024.
Limited Supply: Bitcoin has a maximum supply of 21 million coins, and as of March 2023, more than 19 million have been mined. Remaining bitcoins: There are approximately 2 million bitcoins left to be mined.
Bitcoin the Cryptocurrency
In 2024, the majority of bitcoins are still out in the wild, so to speak—but over time, and if they continue to be treated as a speculative investment and store of value, these large entities will likely keep growing their holdings.
The much-anticipated bitcoin halving event has come and gone, quietly marking a historic moment in the world of digital assets. On April 19, 2024, the block reward for bitcoin miners was reduced by half, from 6.25 BTC per mined block to 3.125 BTC per mined block. However, you wouldn't know it from the lack of fanfare.
Bitcoin (BTC) Price Prediction 2030
According to your price prediction input for Bitcoin, the value of BTC may increase by +5% and reach $ 86,830.70 by 2030.
Bitcoin's supply is capped at 21 million. The final halving will be in 2140. From then on, no new BTC will be minted. After the last bitcoin has been mined, miners will no longer receive bitcoin rewards for adding blocks to the blockchain.
Who owns the most Bitcoin in the world? The top Bitcoin holder is still believed to be Satoshi Nakamoto, the anonymous creator of Bitcoin, who reportedly holds around 1.1 million BTC across many wallets. Despite this large holding, the top 10 holders collectively only possess about 5.5% of the total Bitcoin supply.
As of March 2023, the top 1% of Bitcoin addresses hold over 90% of the total Bitcoin supply, according to Bitinfocharts.
Will Bitcoin lose value when all is mined?
When all bitcoin have been mined, miner revenue will depend entirely on transaction fees. The price and purchasing power of bitcoin will adjust to the lack of new supply. The scarcity of Bitcoin will make it more attractive to investors and users.
| Year | Minimum Price | Maximum Price |
|---|---|---|
| 2032 | $1,750,882.89 | $2,133,236.66 |
| 2033 | $2,476,675.31 | $3,009,208.05 |
| 2040 | $3,875,790.38 | $4,440,474.91 |
| 2050 | $4,645,814.37 | $5,107,829.17 |
How many people own 1 full Bitcoin? According to the blockchain analysis platform BitInfoCharts, more than 1 million wallet addresses hold at least 1 BTC.
Satoshi Nakamoto is the name used by the presumed pseudonymous person or persons who developed Bitcoin, authored the Bitcoin white paper, and created and deployed Bitcoin's original reference implementation.
Unlike traditional currencies that can be endlessly printed by central banks, Bitcoin operates on a fixed supply schedule. The total number of BTC ever to be in existence is capped at 21 million. This scarcity creates a sense of value and exclusivity, similar to precious metals like gold.
If Bitcoin continues this pattern into 2030, the price could peak around 2029 or 2030. If Wood is correct and Bitcoin reaches $3.8 million, if you invested $1,000 in Bitcoin now, it would be worth $54,280 in 2030. This would result in a compounded annual growth rate (CAGR) of nearly 95%.
In its 2023 Big Ideas report, Ark Invest laid out several price targets for Bitcoin. The report sees Bitcoin hitting price targets in 2030 of $257,500 in the bearish forecast, $682,000 in an average market and $1.48 million in a bullish market.
Fidelity Predicts: $1B per 1 BTC by 2038 — 2040
Jurrien Timmer, the Director of Global Macro at Fidelity Investments, thinks the value of a single Bitcoin could reach $1 billion by the year 2038 — very close to our Bitcoin price prediction 2040 target date. Timmer's demand model is rooted in Metcalfe's Law.
Bitcoin, it found, is likely to hit an average peak price of $87,875 in 2024, with some experts predicting it will climb as high as $200,000.
Analyst Price Predictions
Renowned bitcoin analyst PlanB predicts a potential all-time high of $524,000 for bitcoin in the next four years. Analysts at Blockware Solutions suggest that the 2024 bitcoin halving could propel the price to a staggering $400,000.
How much will 1 BTC cost in 2024?
Bitcoin BTC/USD price history up until Apr 24, 2024
Bitcoin (BTC) price again reached an all-time high in 2024, as values exceeded over 73,000 USD in March 2024.
The current price of 5000 Bitcoin in US Dollar is 333.11M USD. The price is calculated based on rates on 34 exchanges and is continuously updated every few seconds.
We predict that Bitcoin will hold an average price of $60,000 in 2024, thanks to the Halving event, and settle more in 2025 with an average of $65,000. In 2026, we see Bitcoin trading as high as $90,000 by the end of the year. By 2030, we predict that Bitcoin could reach a high of $160,000.
The BTC price may trade between $92,500 and $94,800 in 2025.
With its massive potential for growth and adoption, Bitcoin is expected to remain a major player in the cryptocurrency market for years to come. By 2050, our long-term Bitcoin price prediction estimates that the maximum price could reach up to $11,94,927.3.
