Bitcoin Gold (BTG) Price Prediction for 2024 - 2030

Currently, there are thousands of cryptocurrencies in the market. Many of these digital coins are forks from major cryptocurrencies. That’s the case with Bitcoin Gold, which forked from Bitcoin in 2017. The purpose of the fork was somehow controversial since it aimed at making Bitcoin decentralized again.

But how can one make Bitcoin decentralized if this coin is not linked to any government or central bank? Isn’t it already decentralized? And how has the new cryptocurrency, Bitcoin Gold, performed over the years? What are its projections? Let us discuss it in our current Bitcoin Gold price prediction for the next few years.

Bitcoin Gold (BTG): Overview

Bitcoin Gold (BTG) forked from the Bitcoin (BTC) blockchain on October 24, 2017. A cryptocurrency hard fork can occur for many reasons, such as upgrades to the code, disagreements among developers, and more. However, in the case of Bitcoin Gold, the fork took place to “make Bitcoin decentralized again,” as stated by the developers.

To many, this reason for the fork was somehow redundant. After all, Bitcoin is already decentralized since its community controls it. Moreover, it is not linked to any government, central bank, or other institution. So, what type of decentralization were the Bitcoin Gold developers referring to?

The Bitcoin Gold’s developers were concerned about the mining process. They did not regard the issuance of Bitcoin as a problem. However, in their view, Bitcoin mining became problematic with the considerable utilization of ASIC miners. Accordingly, the few people that operated ASIC miners were increasingly controlling the hash power of the Bitcoin network.

Therefore, the fork was proposed to make Bitcoin Gold ASIC-resistant by moving to the Equihash consensus algorithm. In this way, the developers claim, the mining hash power goes back to all the community members. Moreover, Bitcoin Gold was planned to be more user-friendly and open for experimentation and development.

Bitcoin Gold Current Market Status

At the time of writing, Bitcoin Gold trades at $17 per coin. As per CoinMarketCap, it ranks as the #147 most valuable cryptocurrency by market capitalization. The maximum supply of this cryptocurrency is 21 million BTG coins, of which over 17.5 million are already in circulation. The current market capitalization of Bitcoin Gold is slightly over $321 million.

Bitcoin Gold Price Analysis

Bitcoin Gold was launched a couple of months before the beginning of the bullish crypto run of 2017-2018. It hit the public market with an initial price of $143 on October 24, 2017. However, the day before, it was sold privately at its all-time high price of $539.72. The BTG price quickly dropped, reaching $115.82 on October 27. However, the price skyrocketed on November 10, when BTC traded at $427.14. Although the price quickly dropped again, it slowly climbed to $453.45 on December 19. The BTG price began dropping and ended 2017 at $272.9.

The BTG price reached $330.13 on January 12, 2018. It was the highest price of 2018. Bitcoin Gold lost so much value during 2018 that it ended that year at $13.55. In 2019, this cryptocurrency showed some humble recovery, reaching $31.39 on June 24. But it ultimately ended 2019 at $5.2989. On January 14, 2020, the BTG price climbed to $15.04. However, this coin’s price did not cross the $15 mark throughout 2020. The BTG set its all-time low on November 23 at $2.54. It ended that year at $8.4982.

2021 was significantly better for Bitcoin Gold. The BTG price increased steadily, reaching $124.27 by April 10. The price climbed to $140.3 on May 5. However, this coin could not remain at that price level and fell to $34.18 by June 21. For the remainder of the year, the BTG price fluctuated roughly between $40 and $80, ending 2021 at $41.35. This coin’s price has shown a downtrend since the first days of 2022. At the time of writing, Bitcoin Gold trades at $28.47 per coin.

Bitcoin Gold Price Predictions by Experts

Bitcoin Gold had an impressive debut in the crypto market. However, this coin’s performance has deteriorated over the years. What can we expect for the future? Will the current price downtrend continue? Or will Bitcoin Gold regain value? Let us discuss in our BTG price prediction summarizing various forecasts from prominent crypto experts.

BTG Price Prediction 2024

According to Coin Price Forecast, the BTG price will be $50.53 by the end of 2024. For its part, Trading Beasts predict the BTG price will fluctuate between $48.650 and $71.544. Crypto News Z pictures a more optimistic scenario, with a maximum price of $89.47.

BTG Price Prediction 2025

The Coin Price Forecast’s prediction for 2025 is bullish. Accordingly, this coin’s price will increase +118% by the end of 2025, trading at $62.63. There will be a price drop in the second half of 2024, but BTG will recover quickly. CryptoNewsZ predicts the BTG price will fluctuate between $70 and $90 by the end of 2025. For 2026, Coin Price Forecast predicts a price of $72.73 by the end of the year, whereas CryptoNewsZ predicts a maximum of $92.

BTG Price Prediction 2030

A few Bitcoin Gold predictions are available because of the difficulty of producing long-term price predictions for cryptocurrencies. The most prominent is by Coin Price Forecast, which puts the BTG price by the middle of 2030 at $112. Accordingly, this price would increase to $117.60 by the end of 2030. Compared to this coin’s current price, the increment is +310%.

Bitcoin Gold Price Prediction

FAQ

Will BTG Go Up?

According to most price predictions, Bitcoin Gold will increase its value in the coming years.

What Hashing Algorithm Does Bitcoin Gold Use?

Bitcoin Gold uses the Equihash algorithm, a proof-of-work (PoW) consensus mechanism.

Where Can I Buy Bitcoin Gold?

Several crypto exchanges list Bitcoin Gold for trading. You can purchase it from major exchanges using fiat money. But if you prefer to buy Bitcoin Gold with cryptocurrency, LetsExchange.io is the best option. Our platform allows you to trade more than 4,000 digital coins and tokens for BTG coins. You do not need to register or complete KYC procedures.

Disclaimer

Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.

Stay tuned for further updates, crypto guides, and market insights from LetsExchange. You can also follow us on Twitter, Facebook, Reddit, Instagram, LinkedIn, Medium, Quora, Telegram, Steemit, and Bitcointalk for first-hand information from our team.