Bitcoin had a rocky first half of the year, but experts still say it will eventually hit $100,000 — and that it’s more a matter of when, not if.

Despite the volatility and recent slumping price, many experts still say bitcoin is on its way to passing the $100,000 mark, though with varying opinions on exactly when that will happen. And a recent study by Deutsche Bank found that about a quarter of bitcoin investors believe bitcoin prices will be over $110,000 in five years.

The volatility is nothing new, and is a big reason experts say new crypto investors should be extremely cautious when allocating part of their portfolio to cryptocurrency. bitcoin has shown as steady a rise in value over the years as any other cryptocurrency on the market. 

It’s only reasonable for bitcoin investors to be curious about how high it can ultimately go. 

What Is Currently Causing Bitcoin’s Price Movement?

Crypto prices are still recovering from November’s crash. Though bitcoin is faring much than last month, prices remain low.

Previously a rising star of the crypto world, major crypto exchange FTX filed for bankruptcy on Nov. 11. Evidently, that’s had major ramifications on the crypto market. BlockFi, another major crypto exchange and lender, filed for bankruptcy a few weeks ago. Other crypto entities, including major lenders like Genesis Global Trading, are just trying to stay afloat and avoid bankruptcies of their own.

All of this commotion has made for a rocky end of the year for crypto. Bitcoin’s price has recovered a little but remains low, sitting well below $18,000, as of late Thursday afternoon.

While experts aren’t sure whether FTX’s implosion— and the subsequent fallout—is going to prolong crypto winter, it probably deepened the price lows we’ve now seen this year, according to Chris Kline, CRO and co-founder of Bitcoin IRA, a digital asset technology platform for individual retirement accounts.

Aside from the current crash, bitcoin’s shortcomings stem from poor macroeconomic conditions, which has soured market sentiment throughout the year.

The continuing war in Ukraine, shifting monetary US policy, inflation and U.S. dollar strength have kept the crypto market in a slump. Bitcoin is down nearly 80% in value from its all-time high in November 2021.

“Cryptos are weakening as risk appetite just left the building,” Edward Moya, a senior market analyst at Oanda, wrote on Market Pulse. ”We will be talking a lot about FTX for months to come but what will drive the cryptos is if Binance, Coinbase, Lbank, or Consbit have any liquidity crunches. A lot of bad news has been priced in so it might take another downfall of a major crypto company or a de-risking movement on Wall Street to take bitcoin below its recent low. “

Bitcoin has only been above $45,000 for a few short stretches over the past six months and hasn’t been above $50,000 since Dec. 25, 2021. Amid the ups and downs, bitcoin’s current price is a long way off from the latest all-time high it hit in November 2021 when it went over $68,000. But even with the recent decline in price, bitcoin is still more than twice as valuable as it was just a couple of years ago. For bitcoin, these kinds of ups and downs are nothing new.

One Week Ago (January 10) One Month Ago (December 18) 3 Months Ago (October 19)

$17,194.91 $16,806.49 $19,348.03

Bitcoin Price Prediction for 2025: As High As $100,000

Crypto experts say bitcoin can still climb to $100,000 or more like many experts predicted late last year — just on a slower timeline. 

“What I expect from bitcoin is volatility [in the] short-term and growth [in the] long-term,” says Kiana Danial, founder of Invest Diva and author of “Cryptocurrency Investing For Dummies.”

Investors should expect a “pretty sustainable” rise in bitcoin’s long-term value driven by organic market movement, with the $100,000 threshold by 2025, according to Timmer. “I remain bullish on bitcoin as an aspiring store of value in a world of ongoing financial repression,” he says. 

Bloomberg commodity strategist Mike McGlone expects the price of bitcoin could still hit $100,000 by 2025 once the bear market subsides and crypto prices recover again. A panel made up of more than 50 crypto experts by Finder also expects bitcoin to reach at least $100,000 by 2025. 

“It’s just a question of time. That’s purely measuring, supply by code is going down, demand and adoption are going up,” McGlone said during an interview with Kitco News in June. 

Bitcoin Price Prediction for 2030: From $150,000 to $12.5 Million

Many experts are hesitant to predict a number and a date, especially a full eight years into the future, but rather point to the trend of bitcoin increasing its value over time. 

Robert Breedlove, founder and CEO of digital assets marketing and consulting firm Parallax Digital, predicts bitcoin will be valued at $12.5 million by 2030 because inflationary pressures will drive interest in cryptocurrency, pushing the value of bitcoin up higher than previous projections estimated. Known as more of a philosopher type among crypto enthusiasts, Breedlove speaks often about the broader social implications of crypto as a form of more transparent, decentralized currency — but his price predictions haven’t exactly been spot-on. 

Ian Balina, founder of crypto research and media company Token Metrics, anticipates bitcoin can go up to $150,000, but the timeline is unclear. Balina says the release of new altcoins and hype about the metaverse will continue to drive the demand for crypto, and bitcoin will therefore bounce back eventually.

Big financial institutions have made their own predictions, as well, with JPMorgan predicting a long-term high of $150,000 and Bloomberg predicting it could hit $400,000 if the currency climbs at rates comparable to the past.