How Many Bitcoin $BTC To Be a Millionaire by 2030? (2024)

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  • Jonathan
  • December 1, 2023
  • 10 mins read

How Many Bitcoin $BTC To Be a Millionaire by 2030? (1)

In this article:

Is cryptocurrency here to stay or is it a passing fad?

With the next BTC halving expected to come in April 2024, the block rewards will fall from 6.25 BTC to 3.125 BTC. Traditionally, this means volatility, and optimistically, new ATH’s for BTC.

How Many Bitcoin $BTC To Be a Millionaire by 2030? (2)

Regardless, we still have a long way to go as we continue to range indecisively on whether or not we are in a bull or bear market. With that in mind, many of us are hoping we can create generational wealth within the next few years with cryptocurrency. That begs the question, is it possible for BTC to hit 1 million by 2030, or if so, how much BTC would we need to be millionaires.

Am I the only one that just sees another influencer pumping her bags when Cathie Woods predicts BTC between $650k-$1.5 million by 2027?

I mean, if we stick to the 4 year cycles that would put us smack in the middle of the next bear market. pic.twitter.com/8JHkVGHknM

— DKING 👑 (@DKINGNFT) July 14, 2023
How Many Bitcoin $BTC To Be a Millionaire by 2030? (3)

Largely this is a very controversial topic, with several influencers or whales for or against this statement.

For example, some even value BTC at $10,000,000!

I post "absurd" $10,000,000+ predictions for #Bitcoin to help others realize that it is absurd to price #BTC in terms of $ at all.

Call it clickbait, sure… but most will not understand #Bitcoin is more valuable than $ until they try to price #BTC in USD and realize they can't.

— Luke Broyles (@luke_broyles) July 18, 2023

Others such as Standard Chartered, predict $120,000 by 2024.

Of course, many of the statements can be considered contradictory, misleading, or inaccurate. Here’s my thoughts on what BTC will be valued at by 2030.

A Primer on Valuing $BTC

Here’s my theory. There are many traditional and tangible methods of valuing cryptocurrency. For example, TradeFi valuation methods (that actually apply), veTokenomics, FDV and so on and so forth.

I believe that cryptocurrency is valued highly if enough people agree that it is valuable. It’s a game of supply and demand, and economics. Traditionally, public companies in the stock market are valued by their P/E ratio, their revenue per quarter, or their market capitalization.

In crypto, it’s a different ball game. Most crypto products are pre-revenue, meaning their valuation falls on intangible benefits, and not so much on tangible benefits. That means we can’t compare it the same way we value Web 2 companies.

For example, have we ever tried to value an NFT, say for example Azuki.

Many of us would think long and hard, trying to justify why it is priced as such. Eventually, hardcore believers come to the basis of community benefits, and most importantly, airdrops.

Apart from that though, there isn’t really much rationale behind holding one of these coveted blue-chip NFTs. The price of the NFT is therefore determined by supply and demand, and the “intrinsic” value of the NFT. This was evident when Azuki Elementals crashed the entire collection to a lower price due to poor execution of the mint.

The same can be said for BTC. While it remains one of the more stable cryptocurrency blue-chips, its price-action is largely dependent on market demand, and not any traditional methods of valuation.

A More Complex View on Pricing

There have been many predictions such as Plan B which predicted $100K BTC, but ultimately failed. However, this model could still be valid for the next halving . Despite the price surge in 2023, long-term investors have refrained from selling.

However, the profits of short-term holders do suggest a risk of further correction.

If we follow the stock-to-flow model based on BTC halving cycles, BTC could see significant price appreciation after the next halving in April 2024.

How Many Bitcoin $BTC To Be a Millionaire by 2030? (4)

Source: Jesse Myers

Myers, a Standard MBA graduate and fund manager suggests that “it takes longer than four years for the changed stock-to-flow reality of each halving to be fully digested by the world”

That being said, what if we were to form another approach to valuing bitcoin instead of supply side valuation (Stock-To-Flow model)?

Let’s look at demand side valuation, in other words, adoption of the asset.

Modern network effect theories suggest adoption is created by unique value propositions. For example, we use social media such as Twitter, Instagram, or LinkedIn because they provide a value proposition of communicating and sharing content.

Similarly, BTC was created to provide alternative modes of payments as its basis. Overtime, it has evolved to other use cases such as NFTs. This is similar to other features of social media that have developed over time.

How Many Bitcoin $BTC To Be a Millionaire by 2030? (5)

Source: Fidelity Investments & World Bank

Adoption curves are a strong indication of demand and vary significantly per industry. BTC currently follows a curve quite similar to internet industries.

How Many Bitcoin $BTC To Be a Millionaire by 2030? (6)

Source: World Bank

For example, if we take a look at an analysis by Fidelity Investments, we can note that BTC addresses vs. cellphones have very similar trends, and this is a useful proxy because of Metcalfe’s Law.

Metcalfe’s law, which was proposed in 1980, states that the financial value or influence of a telecommunications network is proportional to the square of the number of connected users.

That means we could see adoption similar to cell phones, and from there we can extrapolate out a price relationship.

If we hypothesize it out even further, modeling the price of BTC as a monetary asset through market forces, we could see any of the following scenarios, weighing in competition.

How Many Bitcoin $BTC To Be a Millionaire by 2030? (7)
How Many Bitcoin $BTC To Be a Millionaire by 2030? (8)

Chart of BTCDOMUSDT (1 Week Timeframe)

I’m predicting that BTC will have a monopoly in the long term as most alt-coins die off (BTC has always had stable and significant price action), and coupled with decreasing supply and increasing demand in the long term, we will see a supply shock.

Therefore, we can predict prices to be around pM valuation, if we put all cryptocurrencies on a supply demand axis to predict competition and price.

Closing Thoughts

I am personally not a huge fan of price prediction. Cryptocurrency is a very volatile asset and unlike stocks, often does not have rationale behind price movements apart from market sentiment.

However, based on all of this analysis, I believe that $100K BTC is definitely possible, which means you would need about 10 BTC to be a millionaire by 2030. My thesis can be broken down into these parts:

  • We still have 2 more halvings before 2030 (The halving was initially designed as a countermeasure to inflation. However, it now acts as a speculation event since price will increase even if demand is the same, due to increased difficulty to increase supply (mining rate))
  • Digital assets generally appreciate overtime. However, due to psychological acceleration in society today, I believe digital assets will follow a path of innovation theory. In other words, faster technological adoption and higher prices
  • BTC is a fundamental currency that drives economies and trades in less-developed countries.
How Many Bitcoin $BTC To Be a Millionaire by 2030? (9)

These are just my thoughts. It is always good to make your own judgment call before investing for the short term or long term.

[Editor’s Note: This article does not represent financial advice. Please do your research before investing.]

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How Many Bitcoin $BTC To Be a Millionaire by 2030? (2024)

FAQs

How much will $1 Bitcoin be worth in 2030? ›

Bitcoin's Price History

Notably, Cathie Wood, CEO of Ark Invest, predicted that bitcoin could reach an astounding $1.48 million by 2030. Obviously, the world's oldest cryptocurrency has come a long way since its first recorded price of less than a cent.

How much Bitcoin to become a millionaire? ›

So, 10 times from those levels would mean that Bitcoin could go as high as $350,000, Saylor said. If this is the case, you would need to own 2.86 BTC to become a millionaire. It would cost around $190,000 today.

How much would 1 Bitcoin be worth in 5 years? ›

Bitcoin (BTC) Price Prediction 2030
YearPrice
2025$ 68,969.21
2026$ 72,417.67
2027$ 76,038.55
2030$ 88,024.13
1 more row

How much will 1 Bitcoin be worth in 2050? ›

Bitcoin Overview
YearMinimum PriceAverage Price
2032$1,556,210.36$1,611,674.82
2033$2,330,561.92$2,411,145.86
2040$3,255,046.46$3,568,496.11
2050$4,557,065.25$4,725,845.37
8 more rows

How much will 1 Bitcoin be worth in 2040? ›

By 2040, the maximum price of the BTC Coin is projected to be around $5,69,240.60. Our average price forecast for Bitcoin is $5,57,632.74 in 2040. Conversely, if the market turns bearish, the minimum price level of BTC Coin could fall down to $5,42,838.40 by 2040.

What will Bitcoin be worth in 20 years? ›

Fidelity Predicts: $1B per 1 BTC by 2038 — 2040

Jurrien Timmer, the Director of Global Macro at Fidelity Investments, thinks the value of a single Bitcoin could reach $1 billion by the year 2038 — very close to our Bitcoin price prediction 2040 target date.

How long will it take for Bitcoin to reach $1 million? ›

Known for her innovative investment approach, Cathie Wood predicts Bitcoin will surpass $1 million sooner than her previous estimate of 2030.

How many millionaires hold Bitcoin? ›

With that in mind, the actual numbers behind the Bitcoin distribution are still surprising: 46.8 million wallet addresses have more than $1. 10,000 wallets have more than $10 million in Bitcoin. 100,000 wallets have more than $1 million.

What will Bitcoin be worth in 10 years? ›

Cathie Wood, the founder, chief executive officer, and chief investment officer of ARK Invest, believes that Bitcoin could be worth $1 million per coin before 2030, as adoption by institutional investors increases.

How much will $1 Bitcoin be worth in 2025? ›

BTC Price Prediction 2024-2030
YearMinimum Price / Maximum Price
2024$72,000 to $78,000
2025$95,000 to $105,000
5 days ago

What is the 10 year average for Bitcoin? ›

Average returns
PeriodAverage annualised returnTotal return
Last year112.5%112.5%
Last 5 years64.5%1,104.4%
Last 10 years67.6%17,355.7%

What will Bitcoin price be in 2030 2040? ›

Summary
YearPredicted PriceFactors
2030$1.5 millionIncreased adoption, scarcity (Stock-to-Flow model), macroeconomic factors
2040Multi-million dollarsDecreasing inflation rate, increasing scarcity
2050Multi-million dollarsGlobal economic shifts, Bitcoin's supply and demand dynamics
1 more row

How much will 1 Bitcoin be worth in 2030? ›

Bitcoin's price prediction for the next decade has become a hot topic, fueled recently by Jack Dorsey's bold statement that bitcoin can reach $1 million dollars by 2030.

What is the BTC prediction for 2035? ›

According to PricePrediction, the average Bitcoin value could be $387,000. According to CoinPriceForecast, Bitcoin price will hit $90000 by the end of 2026. Bitcoin will rise to $100000 within the year of 2028, $120000 in 2029, $140000 in 2030, $150000 in 2031, and $200000 in 2035.

How much will 1 ethereum be worth in 2030? ›

By the end of 2030, the predicted Ethereum price could soar to a peak of $26,575.21. The current price of 1 Ethereum is $ 2,945.50003921.

How much will Bitcoin be in the next 10 years? ›

Highlights and Key Points
YearMinimum priceAverage price
2024$35,521$77,932
2025$62,382$91,203
2026$81,502$118,571
2027$151,109$161,025
1 more row
5 days ago

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