Cryptocurrency values have surged today, with Bitcoin trading above $30,000 for the first time. Over the last day, the world’s largest cryptocurrency market domination fell 0.09 percent to 45.84 percent. However, the token is down 34% this year and is trading well below its all-time high of $69,000 set in November 2021.
Near the $30,350 mark, there is immediate upside resistance. Near the $30,600 mark, the next major resistance is found. A decisive move above the $30,600 resistance level could signal a shift in trend.
Three-point price for BTC
As the biggest cryptocurrency by market cap tries to recapture the $30,000 level, the host of InvestAnswers sees three probable price points for Bitcoin (BTC) in 2030.
The analyst informs that his “bear case” for Bitcoin in 2030 is $576,000, a 1,886 percent increase from current pricing.
“So not bad from where we are today. That’s basically a 20x give or take, a couple of dollars, which is a huge return, but still, it is a moving target. Things change all the time. Adoption changes, networks changes, competition changes. Bear that in mind.”
Average “expected” Target
The crypto expert also considers the market capitalization of gold, predicting that Bitcoin might reach 40%, 60%, or 100% of the precious metal’s market capitalization by 2030, equating to $514,815, $785,955, and $1.30 million, respectively.
The analyst also provides a third Bitcoin price estimate, which he calculates by averaging a number of prominent models from Fidelity, ARK Invest, and others.
The host of the renowned YouTube channel comes up with a Bitcoin price forecast of $1.55 million in the year 2030 by merging some of the most well-known models in the field.
By adding all three price projections, the host comes up with an average “aim” for Bitcoin of $785,955, with $576,389 as the low end of the range and $1.55 million as the most optimistic forecast.