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Bitcoin (BTC) price prediction October 2024
Industry specialists give their predictions for the price of bitcoin through 2030.
Key Insights
- 2024 price forecast: The average year-end prediction for bitcoin is $77,636.
- Peak and trough predictions: The end of 2024 could be rocky, with the average high prediction for BTC being $86,386, while the average low point is forecast at just $46,456.
- Late-2024 bull run: 68% of the panel think it’s likely BTC will see a bull run before the year is out.
- Long-term projections: The panel see BTC reaching new heights and being worth $113,364 by 2025 and $282,238 by 2030.
- Election influence: One major theme from the report is how much the US presidential election, and the economic policies of each candidate, will impact the value of bitcoin in the short term.
- Panel consensus on bitcoin being a value: Now is the time to buy, with 61% of panelists saying now is a good time to buy bitcoin.
Finder analyzes expert predictions each quarter. We conducted our most recent survey in October 2024, in which our panel of 28 crypto industry specialists shared their thoughts on how bitcoin will perform through 2030.
All prices mentioned in this report are denominated in US dollars.
On average, our panelists think bitcoin (BTC) will be worth $77,636 by the end of 2024, down from $87,169 as they predicted in our July report.
Looking further ahead, they see the price of BTC rising to $113,364 by year-end 2025 and $282,238 by the close of 2030.
Bitcoin price predictions for 2024, 2025 and 2030
Bitcoin’s price is expected to rise to $77,636 by year-end 2024, according to the average prediction from Finder’s panelists.
Our most bullish panelists see BTC trading at $125,000 by the end of 2024, while our most bearish panelist sees it dropping well below where it is now, reaching $40,000 by the end of the year.
Our panelists also predict BTC will hit $113,364 by 2025 and $282,238 by 2030. The panel is more bearish than last quarter when their long-term prediction for 2025 came in at $127,494 and $383,514 for 2030.
Ronen Cojocaru, CEO of 8081 Inc., is a bullish panel member and expects BTC to close out 2024 at $125,000, laying out why he expects BTC to close out the year so strong.
“First, when the economy is shaky or inflation is high, many people see bitcoin as a safe place to store value, similar to gold.”
“Second, more big companies and even governments are showing interest in bitcoin, which makes the market more stable and mature. That also includes investing in BTC ETF, which is a one-to-one buying BTC.”
“Third, bitcoin has a limited supply, and regular “halving” events reduce how much new bitcoin is created, which can push up its value over time. Lastly, bitcoin’s price often moves in cycles, with big ups and downs, so its current price reflects that natural market behavior.”
Joseph Raczynski, a Futurist at JT Consulting, is similarly bullish but thinks BTC’s price will be heavily dependent on the outcome of the US election:
In the short term, bitcoin is tied directly to the US presidential election. A Trump win means huge gains. Harris has been far more veiled with her stance on crypto, leading many to think she’ll toe the Biden line of aggressive regulations and actions against the industry, ultimately putting downward pressure on bitcoin.
At the other end of the spectrum is John Hawkins, senior lecturer at the University of Canberra, with a prediction of $40,000. Hawkins, like Raczynski, sees the election playing a pivotal role in the price of bitcoin in the short term.
A Trump win would probably lead to a short-term surge in the bitcoin price. But current opinion polls have Harris with a very small lead in the key battleground states. In the medium term, nothing has happened to change my view that bitcoin is a speculative bubble. While promoters like to claim bitcoin is going mainstream, the proportion of US adults holding it continues to fall from its lockdown peak.
How high and low will BTC go in 2024?
The average peak price our panelists predict bitcoin will hit at some point in 2024 is $86,386, with some predicting it will climb as high as $125,000.
The average lowest price our panelists predict bitcoin will hit at some point in 2024 is $46,456, with some predicting it will fall as low as $20,000.
Pav Hundal, lead market analyst at Swyftx, believes we’ll see BTC reach $110,000 at some point in 2024 based on options data.
Options data can help provide some insights on what the market expects. These traders and investors are gearing up for some ambitious prices for bitcoin in 2024. These sophisticated investors are putting their money where their mouth is, currently anticipating six-figure bitcoin prices in 2024.
Ben Ritchie, the Managing Director of Alpha Node Global, is also quite bullish, as he thinks we’ll see BTC crest $100,000 on the back of the election cycle.
Bitcoin has historically performed well following US elections, regardless of the winning party. Stats show that bitcoin increased by approximately 4,268% in the 400 days following the past three elections (2012, 2016 and 2020), though the returns have diminished with each cycle.
Ajay Shrestha, a professor at Vancouver Island University, is similarly bullish and also sees BTC hitting $100,000 at its peak in 2024, based on a multitude of factors that occurred this year.
Predictions are based on historical trends, adoption growth and upcoming halving events. Bitcoin is highly volatile, so estimates reflect potential long-term growth despite short-term uncertainty.
Like many of our other panelists, Rouge International & Rouge Ventures’s MD Desmond Marshall sees the election having a major impact on BTC’s short-term valuation, predicting the highest it will go is $65,000. However, Marshall sees a potential scenario where no matter who wins, it could be a boon for bitcoin.
US presidential elections are in November. If Trump wins, he is pro crypto, and along with his new World Liberty Financial and his new token coins, will lead to a surge in this sector. If Harris wins, the stock market may drop into freefall, spiking a rush for safe havens like gold and bitcoin.
Chief market analyst at FxPro, Alexander Kuptsikevich, sees the price of BTC reaching a low of around $48,879 but expects the market to turn around with a high-end prediction of $81,000.
After peaking in March, we have seen a multi-month bearish corridor. Now, as we enter the strongest seasonal period of the year (through February), bitcoin is attempting to break through resistance. Success promises a renewal of historic highs and room for further growth.
Is now the time to buy, sell or hold BTC?
The majority of our panel say now is a good time to buy BTC.
To be exact, 61% think bitcoin is a buy at its current price, while 32% believe it’s a good time to hold the asset. Just 7% think it’s time to sell.
Gracy Chen, the CEO of Bitget, believes it’s time to buy BTC.
Technical indicators — such as the resistance level around $70,000 and trading volume — suggest that if momentum holds, bitcoin could surpass this price. Growing institutional interest and evolving regulations will likely play crucial roles in driving or limiting bitcoin’s price in the near term.
Damian Chmiel, a senior analyst at Finance Magnates, is also in the buy camp, believing that monetary policy over the next 12 months could fuel growth.
I don’t expect any fireworks on the BTC chart this year, with a maximum return to March’s all-time high. Next year, however, I anticipate that when the Fed and other central banks kick-start the monetary easing at full speed, bitcoin will have the conditions for growth once again. The beginning of the new year should also mark the start of the “halving cycle,” a period in which BTC typically sees gains.
Karlo Bujas, a graduate trading analyst for Wirex, sees BTC as a hold for various reasons:
What is keeping the price of BTC from rocketing at the moment are uncertainties about the conflict in the Middle East, AI sector performance and generally broader usage in developed countries like the US. We are seeing more and more institutional acceptance of BTC as a currency for payment, in cases like donations for presidential campaigns or as a security for investment, including the launch of BTC and ETH ETFs this year.
Lee Smales, a professor of finance at the University of Western Australia, is one of our few “sell” panelists, saying, “US Presidential election and Fed monetary policy will lead to more volatility and ultimately lower prices.
Is bitcoin (BTC) overpriced, priced fairly or underpriced?
Not surprisingly, a similar percentage of panel members who said BTC was a buy (61%) also say that bitcoin is currently selling at a discount (57%).
The remaining cohort is also split in alliance with their answers on whether now is the time to hold or sell, with 36% saying BTC is priced fairly and 7% saying it’s overpriced.
Josh Fraser, cofounder of Origin Protocol, says that BTC is currently underpriced and poised to rally.
Bitcoin has consolidated around previous all-time highs, similarly to what happened in December 2020 when bitcoin was at $20K. As the Fed cuts rates and institutional adoption continues, I see bitcoin nearing the six-figure mark by the end of the year. While this may seem overly optimistic, we’ve seen bitcoin appreciate over 75% in Q4 in previous bull markets.
Ben Waterman, the founder of Strabo, believes BTC is currently fairly priced and sees its growth slowing going forward.
Slower than historical growth due to market saturation — most of the people who want to own cryptocurrency now do. It is partially regulated (introduction of ETF, etc.), and now progress will be much slower.
How likely is it BTC will go through another bull run before the end of the year?
BTC’s price recently shot up on the news that the Federal Reserve cut the interest rate, and the majority of our panel (68%) think it’s likely BTC will go through another bull run before the end of the year. A quarter thinks that BTC is unlikely to see a run before the end of the year, with the remaining 7% undecided.
The Halving happened. But where was the upswing?
We are living in a post-halving world, but 2024 didn’t see the wild upswings in BTC’s price that many were expecting to see immediately. For Miles Paschini, the CEO of FV Bank, this expectation was misplaced, saying that “BTC usually moves up nine to 12 months following a halving — we are still in the post-halving early cycle.
ChainMyne CEO Kimberly Rosales Orbegoso also said it’s early for us to look at the halving cycle. She thinks the upswing may have already been priced in or could be delayed:
Right now, the uncertain economy, with inflation and recession fears, is making investors cautious. On top of that, regulatory uncertainty, especially in the US, is causing hesitation. Plus, since the halving was widely anticipated, it may already be priced in. Some analysts also think the real price impact from halving often comes with a delay, so the upswing could still happen later.
Daniel Keller, the CEO of InFlux Technologies, also provides a list of reasons why the halving event hasn’t yet produced the results of the previous cycles:
The lack of a significant upswing in bitcoin’s price post-halving, as seen in previous cycles, can be attributed to several factors. While the bitcoin ETFs have brought institutional interest, their initial impact may have been slower than anticipated, as regulatory uncertainties and investor caution dampened immediate enthusiasm. Additionally, broader market conditions, including global economic instability, inflation and higher interest rates, have affected risk appetite across all asset classes, including cryptocurrencies. Lastly, as the market matures, bitcoin’s price may react more gradually, with long-term institutional accumulation potentially creating a delayed but sustained upward trend instead of a rapid spike.
When will the US see broad BTC adoption?
When asked when they see BTC being broadly used in a developed nation (eg in the US as a means for the majority of the population to buy everyday products), and the majority don’t see it happening anytime soon, if at all.
Close to a third (32%) said it will never happen, 21% think 2030 and 11% say 2036 or later.
How will the approval of bitcoin ETF options impact BTC’s price?
An overwhelming majority of the panel (82%) think the BTC ETF will positively impact the price of bitcoin, with 11% saying it will have no impact.
Do you have any concerns regarding the security of BTC ETFs?
Over half of our panel has at least some concerns over the security of BTC ETFs, with 46% saying they have minor concerns and 11% having significant concerns.
Sitaram Kakarlamudi, the cofounder & CEO of Avici, has minor concerns, saying that “Bitcoin is supposed to be non-custodial, with most ETFs still stored centrally like banks and Coinbase. Although they are very regulated, there’s always a systemic risk of bank liquidity issues (like SVB bank) that might be a slight concern.
Dre Villeroy, the CEO of Beyorch, is one of those with significant concerns over the potential for market manipulation:
Well, the main concern would be market manipulation, as ETFs and options allow big players to short BTC at any time while holding large amounts, which could lead to centralization of BTC (meaning there’s a majority controller).
Ryan Gorman, a partner at BABs, shares Villeroy’s level of concern, but his focus is more on how the risk will be spread out in these ETFs.
When the vast majority of assets held in spot bitcoin ETFs are custodied by one party (Coinbase Custody), there is significant counterparty risk that simply doesn’t exist elsewhere. Traditional asset managers often spread risk across multiple custodians, including BNY Mellon, Fidelity, State Street, etc., and for such a significant portion of institutional bitcoins to be parked in one spot is a significant red flag.
Meet the panel
Ajay Shrestha
Ajay Shrestha
Prediction
$42,000Buy/sell/hold
Holdback_handPredictions are based on historical trends, adoption growth, and upcoming halving events. Bitcoin is highly volatile, so estimates reflect potential long-term growth despite short-term uncertainty. Bitcoin's current price reflects a balance between its established status as a digital asset and ongoing market volatility. It appears fairly valued based on current adoption and investor interest. While the price can fluctuate, it aligns with its perceived long-term potential.
Alexander Kuptsikevich
Alexander Kuptsikevich
Prediction
$80,000Buy/sell/hold
Buyshopping_basketAfter peaking in March, we have seen a multi-month bearish corridor. Now, as we enter the seasonally strongest period of the year (through February), Bitcoin is attempting to break through resistance. Success promises a renewal of historic highs and room for further growth.
Ben Ritchie
Ben Ritchie
Prediction
$85,000Buy/sell/hold
Buyshopping_basketBitcoin has historically performed well following U.S. elections, regardless of the winning party. Stats show that Bitcoin increased by approximately 4,268% in the 400 days following the past three elections (2012, 2016, and 2020), though the returns have diminished with each cycle.
Ben Waterman
Ben Waterman
Prediction
$75,000Buy/sell/hold
Holdback_handSlower than historical growth due to market saturation - most of the people who want to own cryptocurrency now do. It is partially regulated (introduction of ETF etc) and now progress will be much slower.
Gracy Chen
Gracy Chen
Prediction
$84,000Buy/sell/hold
Buyshopping_basketMy outlook on Bitcoin's current price and future trends is shaped by several key factors, including shifts in Federal Reserve policy and broader market sentiment. The Fed's recent 50-basis point rate cut has boosted liquidity, sparking investor interest in risk assets like Bitcoin. Additionally, technical indicators–such as the resistance level around $70,000 and trading volume–suggest that if momentum holds, Bitcoin could surpass this price. Growing institutional interest and evolving regulations will likely play crucial roles in driving or limiting Bitcoin's price in the near term.
Henry Robinson
Henry Robinson
Prediction
$85,000Buy/sell/hold
Buyshopping_basketDID NOT PROVIDE A QUOTE
Jeremy Britton
Jeremy Britton
Prediction
$97,000Buy/sell/hold
Buyshopping_basketThose who wish to find fair value can look at the S2F (stock to flow) model. It's possible to compare Bitcoin to gold, silver and other scarce commodities, and surprisingly accurate. .
Jeremy Eng-Tuck Cheah
Jeremy Eng-Tuck Cheah
Prediction
$N/ABuy/sell/hold
Holdback_handDID NOT PROVIDE A QUOTE
John Hawkins
John Hawkins
Prediction
$40,000Buy/sell/hold
SellsellA Trump win would probably lead to a short-term surge in the Bitcoin price. But current opinion polls have Harris with a very small lead in the key battleground states. In the medium term, nothing has happened to change my view that Bitcoin is a speculative bubble. While promoters like to claim Bitcoin is going mainstream, the proportion of US adults holding it continues to fall from its lockdown peak.
Johnny Gabriele
Johnny Gabriele
Prediction
$90,000Buy/sell/hold
Buyshopping_basketRegulatory easing, global money supply increasing, and increased onchain activity will lead to a higher prices.
Desmond Marshall
Desmond Marshall
Prediction
$65,000Buy/sell/hold
Buyshopping_basketUS president elections are in Nov. If Trump wins, he is pro crypto, and with his new World Liberty Financial and his new token coins, hence there will be a surge in this sector. If Harris wins, the stock market may drop into freefall, spiking a rush for safe havens like gold and bitcoin.
Josh Fraser
Josh Fraser
Prediction
$92,000Buy/sell/hold
Buyshopping_basketBitcoin has consolidated around previous all-time highs, similarly to what happened in December 2020 when Bitcoin was at $20k. As the fed cuts rates and institutional adoption continues, I see Bitcoin nearing the six-figure mark by the end of the year. While this may seem overly optimistic, we've seen Bitcoin appreciate over 75% in Q4 in previous bull markets.
Lee Smales
Lee Smales
Prediction
$40,000Buy/sell/hold
SellsellUS Presidential election and Fed monetary policy will lead to more volatility and ultimately lower prices.
Pedro Febrero
Pedro Febrero
Prediction
$90,000Buy/sell/hold
Holdback_handDID NOT PROVIDE A QUOTE
Ronen Cojocaru
Ronen Cojocaru
Prediction
$125,000Buy/sell/hold
Buyshopping_basket
Ruslan Lienkha
Ruslan Lienkha
Prediction
$80,000Buy/sell/hold
Buyshopping_basketWith halving, historically high mining difficulty, rate cuts, growing adoption, and increasing political support, it's hard to envision what more Bitcoin would need to reach a new all-time high by the end of this year.
Simon Peters
Simon Peters
Prediction
$N/ABuy/sell/hold
Buyshopping_basketDID NOT PROVIDE A QUOTE
Miles Paschini
Miles Paschini
Prediction
$76,000Buy/sell/hold
Holdback_handWe are in the beginning cycle of institutional adoption, in late 2024 and early 2025 RIA will begin recommending allocations of portfolios to BTC. We are in times of uncertainty with elections, wars and a stressed economy, this will cause people to move to hedges against the dollar, mainly gold and bitcoin. Interest rates will likely continue to go down, inciting a move from stable returns to more risk assets.
Diego Apaza
Diego Apaza
Prediction
$75,000Buy/sell/hold
Holdback_handBased on the current yearly growth
Joseph Raczynski
Joseph Raczynski
Prediction
$100,000Buy/sell/hold
Buyshopping_basketIn the short term, Bitcoin is tied directly to the US presidential election. A Trump win means huge gains. Harris has been far more veiled with her stance on crypto, leading many to think she'll tow the Biden line of aggressive regulations and actions against the industry, ultimately putting downward pressure on Bitcoin.
Damian Chmiel
Damian Chmiel
Prediction
$70,000Buy/sell/hold
Buyshopping_basket
Daniel Keller
Daniel Keller
Prediction
$80,000Buy/sell/hold
Buyshopping_basketMy Bitcoin price predictions consider several factors. The 2024 Bitcoin halving reducing supply, leading to higher prices. Increased institutional interest, including bank adoption. Additionally, a favourable regulatory environment if Trump is elected, particularly if pro-business policies are enacted as well as a Bitcoin reserve in the US, could support broader cryptocurrency adoption. Lastly, macroeconomic trends, such as inflation and currency fluctuations, may further strengthen Bitcoin's position as a hedge against traditional financial risks.
Dre Villeroy
Dre Villeroy
Prediction
$70,000Buy/sell/hold
Holdback_handThere's no secret given Bitcoins history that its value increases over time. I see no sign in change and reasonably predict it will continue to increase. With out taking into account of election influence, I doubt prices will fall drastically, but see it's near future increasing so slightly.
Karlo Bujas
Karlo Bujas
Prediction
$75,000Buy/sell/hold
Holdback_handWith the US presidential elections being very close, and the effects the results could have on BTC and crypto in general, we are seeing high volatility of BTC price. In the case Donald Trump wins the elections, I think it is reasonable BTC could go upwards of $75,000, maybe even $100,000 price. If not, we can assume Kamala Harris would not stray away from the current administration's approach to crypto. We have seen more then few times this year that the BTC price and cryptos in general are highly correlated with the US economy, so in my opinion, if we expect the US economy to be healthy and growing, we can expect the same for BTC. Currently, we are seeing a drop in inflation and unemployment. Furthermore, there are further rate cuts expected by the FED, which could boost BTCs price even more. What is keeping the price of BTC from rocketing at the moment is uncertainties about the conflict in middle east, AI sector performance, and generally broader usage in developed countries like the US. We are seeing more and more institutional exceptment of BTC as a currency for payment, in cases like donations for presidental campaigns, or as a security for investment, including the launch of BTC and ETH ETFs this year.
Kimberly Rosales Orbegoso
Kimberly Rosales Orbegoso
Prediction
$40,000Buy/sell/hold
Holdback_handMy Bitcoin price predictions are based on a mix of looking at past trends, keeping up with tech upgrades, and getting a feel for market sentiment. I also take Bitcoin's core value into account and listen to what experts are saying. Right now, I think Bitcoin is a bit overpriced after the recent surge, but I see a lot of long-term potential. With the halving event coming up, I'm leaning towards a 'hold' or even a 'buy' for those in it for the long haul. Just remember, crypto can be unpredictable, so only invest what you're comfortable losing
Pav Hundal
Pav Hundal
Prediction
$90,000Buy/sell/hold
Buyshopping_basketOptions data can help provide some insights on what the market expects. These traders and investors are gearing up for some ambitious prices for Bitcoin in 2024. These sophisticated investors are putting their money where their mouth is, currently anticipating six figure Bitcoin prices in 2024.
Ryan Gorman
Ryan Gorman
Prediction
$80,000Buy/sell/hold
Buyshopping_basketBased on current demand and supply, BTC is fairly priced. However, as demand ramps up through the end of the year, buying pressure is likely to outstrip selling momentum and lead BTC higher.
Sitaram Kakarlamudi
Sitaram Kakarlamudi
Prediction
$87,000Buy/sell/hold
Buyshopping_basketAverage percentage in increase after halving is around 4525.63% (considering last 3 halving, 9900% , 2876% , 700%) Fed has started cutting interest rate and there is more demand from institutions for the first time directly through Bitcoin Spot ETFS (Previous futures ETF didn't have direct affect on the price)
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