The boldest Bitcoin price predictions. Who and when forecasted the highest BTC price?

Bitcoin was launched in 2009 as a decentralized peer-to-peer cryptocurrency. Since then, many coins have joined the crypto space. But Bitcoin stays the major coin based on the market capitalization, price, trading volumes, and trust of users.

Speculations about the BTC Price

Bitcoin started its way as a coin that was used by a limited number of users, the first of whom was Satoshi Nakamoto. It was worth nothing, literally.

Since then, Bitcoin has managed to surge to its all-time high of over $60,000 and drop below $20,000 just within less than one year.

The question of whether Bitcoin is going to keep its leadership position stays open. For now, many specialists and amateurs speculate on whether the main cryptocurrency manages to withstand the development of eco-friendly projects that don’t rely on mining, whether scalability issues aren’t going to send the BTC blockchain to the bottom, and so on. Meanwhile, Bitcoin is surprisingly stable in matters of leadership.

Moreover, some specialists forecast that Bitcoin will have a great future and its price will soar to the sky.

Forecasts That Failed

2022 was a difficult year for all crypto projects including Bitcoin. The year is over now, and the market is showing slow recovery signs. And now, we can tell that some pessimistic forecasts about BTC were not right.

So, Carol Alexander, a Sussex University professor will be known as the one who didn’t trust in BTC to such an extent that she forecasted it to drop below $10,000.

And not only her. Many specialists forecasted such a low drop. A veteran investor Mark Mobius used to say the same but he was mistaken.

But now, when we see that Bitcoin survived and is already recovering, let’s have a look at the most optimistic forecasts.

Tim Draper Tells BTC Will Climb to $250,000

Tim Draper, a keen Bitcoin supporter and a billionaire venture capitalist, predicted BTC would climb to $250,000 by the end of 2022. Now, he is extending this timeframe to mid-2023.

The father of all coins would need to have a 1,400% rally to reach that mark but many people believe it is possible.

Moreover, the venture capitalist believes that this is not the limit, and the bull run will continue throughout 2024.

Why?

In 2024, the next Bitcoin halving will occur, and this event is historically known for pushing the price of the main crypto up.

Carol Alexander Claims the BTC Price Will Climb to $50,000

Do you remember Carol Alexander? Yep, the one who claimed that BTC would drop to $10,000 in 2022. Her forecast was not correct but what about 2023?

She believes that in 2023, the BTC price will climb to the value of $50,000. Of course, it cannot be compared to the assessments of Tim Draper but at least she believes in some positive moments for the main crypto.

But she believes it will happen because of the controlled bull run. Whales who control over 14% of the total Bitcoin supply will step up for a more stable market. So, there won’t be any price surges like it was before but instead, we will observe controlled price growth.

What’s Next?

Many specialists believe, and we agree with them, that even though the market is recovering from major crashes, it is still far until the real bull run starts. A long side movement of prices is expected, and some more turbulence is not excluded.

However, we are already observing the signs of recovery, and we hope that the forecast by Tim Draper is the correct one.

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