How much will 1 BITCOIN be worth in next 5 Years? || Best Cryptocurrency to Buy in Future || Become Millionaire || Earn Money

How much will 1 BITCOIN be worth in next 5 Years?

The value of Bitcoin cannot be determined accurately, however there are certain factors that aid in forecasting Bitcoin’s value. When Bitcoin was released, it was supposed to be revolutionary and yes, it has lived up to it, but its journey has been marked with drastic ups and downs.

After achieving a record high price of more than $63,000 in April 2021, BTC has fallen by 24% to nearly $42,000 as of September 25, 2021. Nevertheless, the coming years will prove to be a turning point for cryptocurrencies. The adoption levels of Bitcoin are increasing, however Bitcoin needs several improvements such as scalability, security, energy efficiency and more. This will lead to mainstream adoption of Bitcoin, with open arms and a totally different reputation as a whole.

With only 21 Million BTC tokens as the maximum supply, the scarcity level plays another important role in Bitcoin’s worth. Companies such as Tesla have made huge investments in Bitcoin, boosting the development of the blockchain, institutions are placing greater faith in Bitcoin, this is slowly setting the direction for the cryptocurrency.

El Salvador is the first country to accept Bitcoin as legal tender where the cryptocurrency can be used for any transaction where the business can accept it. Bitcoin is expected to cross $500,000 USD within the next 10 years, and experts agree. Global cryptocurrency exchange Kraken and the Economist predict that Bitcoin’s price will hit a whopping $1.91 million USD by 2022, Satis estimates a price tag for Bitcoin of $96,000 USD by 2023, and Vision & sees Bitcoin hitting $65,000 USD by 2027.