Will Bitcoin Reach 100k?

Will Bitcoin reach US$100,000 in the near future? Learn if experts predict a bullish future
Will Bitcoin Reach 100k?

One of the most popular virtual currencies of the world is Bitcoin which is usually the first headline maker in the cryptocurrency ecosystem and that is all due to rapid price change and movement in market. Most people believe that in the near future Bitcoin will hit US$100k with many more changes for the better in the cryptocurrency market as a whole.

This article analyzes factors behind this optimism and will uncover the possible impact on Bitcoin to a greater or lesser amount of the recent developments. Will Bitcoin reach US$100k? Take a look at the Bitcoin price prediction by experts and see what you think.

Overview of the Cryptocurrency: Bitcoin

Bitcoin stands as the initial and widely recognized decentralized digital currency, established in 2009 by an anonymous individual or collective under the pseudonym Satoshi Nakamoto. It facilitates safe transactions over the internet without the involvement of middlemen. These transactions are confirmed by nodes across the network and documented in a public, decentralized ledger known as a blockchain, protected by encryption and functioning on a network-to-network model.

New bitcoins are minted by a method known as mining, which involves utilizing computer resources to tackle intricate mathematical equations that produce new coins. These bitcoins are stored in online digital wallets and can be acquired, transferred, purchased, sold, and swapped on cryptocurrency markets. As of May 2024, just four addresses held more than 3.5% of the total Bitcoin supply, indicating a significant concentration of ownership.

The worth of Bitcoin has skyrocketed, reaching nearly US$65,000 in November 2021, only to drop below US$20,000 a year in the following year. Digital currencies such as Bitcoin are seen by many as a speculative bubble that has exploded and might never recover its earlier worth after dropping to a minimum of US$2,000 in May 2024.

History of Bitcoin Price Movements

Before knowing will Bitcoin reach 100k in future? Let us delve into the history of Bitcoin price movements. The price of Bitcoin has been very volatile since its inception. There have been rapid increases and steep decreases in the cost of the cryptocurrency. The beginning of Bitcoin’s history was between 2009 and 2011 when the BTC’s price was traded from zero up to US$0.30 by the end of 2010. The peak of the price was reached at US$0.95 in 2011.

At the beginning of the peak of 2012-2013, two major peaks can be shown in the table: US$100 in April and US$200 in October 2013. On November 29, the price reached US$1,242. It was the first time that the market valuation of the total stock of bitcoins approached US$1 billion. Due to several factors, such as acceptance and diversification, the first real-world BTC transaction took place when Laszlo Hanyecz bought two pizzas for BTC in May 2010.

Volatility, and a few market crashes occurred between 2014-2017. The price then dropped to around US$340-US$530, before a brief flash crash to US$110 in October off the back of the Silk Road seizure. Prices were mostly stable between 2015 and 2016 fluctuating between US$200 and US$500. But then in 2017, the price of Bitcoin went on a big run, crossing over US$1,290 in March and soaring past US$2,000 in May. It later broke US$8,000 in November and then fell to US$3,300 in December.

Price Fluctuations of The Pandemic & Recovery Period: 2020–2021 It has fallen by 50 percent at the beginning of 2020 during the pandemic. Again it increased back to US$10,944 in July and US$19,850 in November. Bitcoin in 2021 has broken to new all-time highs, pushing up through US$41,973 in January, over US$50,000 in February, and past US$64,800 in April. The most recent trend between 2001 and 2003 has been a big drop and the price went below US$30,000 in 2001 and below US$20,000 at the end 2002. Though by 2023 the price of bitcoin took a dramatic upswing, by year-end, it had risen to US$42,258.

Current Market Sentiment among Traders and Investors

In 2024, the current market sentiment of the Bitcoin trading and investing community is the sum of a few factors such as the investor psychology, the market conditions, and the regulations in this field. Changes in Bitcoin price positively visualize with investor sentiment and negative visualization by investor sentiment changes. This link between sentiment and future returns holds firm throughout the entire range of Bitcoin returns, including states of extremely negative or extremely positive Bitcoin price changes.

The emergence of trading in futures market which is based on Bitcoin pricing had actually resulted in a regime change in longrange behavior of the price time-series, making the price more volatile and more likely to experience regime shifts. This increased volatility is primarily due to the increased presence of institutional investors and the increased leverage offered by futures markets.

Furthermore, the aggregate momentum in other major cryptocurrencies, especially in top three, drives the price of Bitcoin, and including a control for this momentum makes the sentiment-return relation extremely robust. This points out that the dynamics of the larger cryptocurrency market should be taken into consideration when trying to analyze the price of Bitcoin.

As mentioned earlier, one important factor that influences Bitcoin prices is investor sentiment, and thus, it is critical for investors and traders to know their ways around the market. The sentiment of investors in Bitcoin, which can easily influence the price of the leading asset, is more likely determined by market conditions and regulatory developments.

Investor sentiment analysis will be essential for making smart decisions and gaining a better understanding as the market continues to develop and as the above landscape continues to evolve.

Will Bitcoin Reach US$100k?

The probability that Bitcoin is positioned to reach US$100k in the not-so-distant future is almost inevitable, as evaluated by many experts. The famous investment manager Timothy Peterson said that Bitcoin has experienced a 100% gain within the first 180 days of the year many times since 2015. This gives a very high probability that Bitcoin will hit or break US$100k by August.

For the first time since the year 2024, Bitcoin surpassed the US$73,000 mark on the second of March this year, sparking expectations of reaching US$100,000. This was driven by a surge in investor optimism following the launch of U.S. spot Bitcoin ETFs and significant investments from notable individuals, including the co-founder of Asana, Peter Thiel.

Moreover halving literally 50% the daily mining supply and also produced a supply shock scenario for continual increase of demand and prices. Adding to the excitement is increased interest and inflows from institutional players such as AllianceBernstein, which recently projected a new cycle high of $150k for Bitcoin in 2025, to other productive institutions.

With the halving event and the subsequent decrease in daily projected new supply of Bitcoins, and considering hedge funds and mutual funds are starting to get on board, it is highly probable that the price of the Bitcoin will soar over US$100k in the next 18 months.

Although the forecast is positive, it is worth noting that the cryptocurrency market is unpredictable and the historical data used cannot be accurate and the future results will be achieved in the same way. Always conduct your research and consider risk tolerance before making your investment decisions.

Expert Opinions

Expert opinions on Bitcoin price movements are overwhelmingly bullish, with many predicting that the cryptocurrency will reach US$100k by the end of 2024. Geoff Kendrick, head of crypto research at Standard Chartered Bank, believes that the BTC price will hit US$100k by the end of 2024.

Frank Holmes, executive chairman of HIVE Digital Technologies, predicts that Bitcoin could potentially double in value over the next 12 months to 4x, which would put the price at US$100k. Additionally, altFINS suggests that the Bitcoin price is in an uptrend, consolidating in a sideways channel between US$60,000 and US$72,000, and if the price breaks its previous all-time high of around US$73,000, it could reach US$100k in June.

The prediction from Nasdaq is also that Bitcoin will hit US$100k in 2024, following its impressive 2023 performance. Timothy Peterson, a notable investment manager, predicts that Bitcoin has a 50% chance of reaching US$100k by August based on historical performance. These predictions are fueled by the recent surge beyond US$73,000 in March 2024, which has sparked speculation about Bitcoin's trajectory toward US$100k.

The consensus among experts is that Bitcoin is poised for significant growth in the near future. The approval of the first spot Bitcoin ETFs and the upcoming halving event are expected to contribute to increased demand and higher prices.

Many experts believe that the cryptocurrency will continue to rise, with some predicting that it could reach as high as US$200,000 by the end of 2024. Overall, the expert opinions suggest that Bitcoin is likely to continue its upward trend and reach US$100k by the end of 2024.


The question “Will Bitcoin reach US$100k? is uncertain, but the predictions from experts and market trends suggest that it could indeed reach US$100k in the near future. The growing adoption of Bitcoin and increasing institutional investment, could lead to a significant price surge. While there are risks involved with investing in cryptocurrencies, the potential rewards are substantial.

As the market continues to evolve, it is crucial for investors to stay informed and adapt to changing market conditions. With the halving event on the horizon, the stage is set for a potentially historic price movement. Will Bitcoin reach US$100k? Only time will tell, but the signs are promising.


1. How high can Bitcoin realistically go?

Experts predict that Bitcoin could potentially double in value over the next 12 months driven by institutional investment, and market optimism.

2. Can Bitcoin go to zero?

Bitcoin's value going to zero is extremely unlikely due to its limited supply, robust blockchain infrastructure, and increasing demand as an alternative to fiat currencies. While it is theoretically possible, the likelihood is low, and the cryptocurrency has consistently recovered from past corrections, indicating its resilience and potential for long-term growth.

3. Is it safe to invest in Bitcoin?

Though investing in Bitcoin is profitable, it is also considered risky due to its extreme volatility, with prices potentially dropping quickly and taking years to regain previous highs.

4. Is Bitcoin future safe?

Bitcoin's future safety is uncertain due to various risks, including market volatility, regulatory challenges, and cybersecurity threats. However, the cryptocurrency's robust technology and continuous community efforts have made it a resilient system, with experts predicting a low likelihood of it becoming zero.

5. What is the biggest risk of Bitcoin?

The biggest risk of Bitcoin is the threat of government regulation, which could potentially ban the cryptocurrency, making it illegal to own or mine. This risk is significant because governments worldwide could restrict or prohibit the use of Bitcoin, which could significantly impact its value and adoption.

Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.

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