CoinGecko’s Market Forecast: Consensus Average Price of $87,000 for Bitcoin after Halving
Bitcoin halving institution predicts average of $87,000
Bitcoin price prediction range
What is Bitcoin halving?
Bitcoin halving institution predicts average of $87,000
Cryptocurrency data platform CoinGecko
has compiled price predictions from various institutions for Bitcoin after its fourth halving.
In addition to the institutions shown in the figure below, CoinGecko’s data also includes predictions from independent research institution Finder, which surveyed 31 institutions.
The statistical results found that the minimum expected price for BTC in 2024 by various institutions is at least $80,000, with an average target price slightly above $87,000.
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Bitcoin price prediction
Bitcoin price prediction range
Among the institutions, 47% believe that the current price of Bitcoin is undervalued, with only 10% considering the price to be too high. The consensus average is $87,000, and Ark Investment predicts that Bitcoin will reach a minimum of $600,000 by 2030.
The detailed range of predictions by various institutions is as follows:
Bloomberg (Mike McGlone): $100,000 by 2026.
Bernstein (Gautam Chhugani): $150,000 by 2025.
BitQuant: $80,000 – $250,000 by the end of 2024.
Matrixport (Markus Thielen): $125,000 by the end of 2024.
ARK Invest: $600,000 – $1,500,000 by 2030.
Morgan Stanley (Denny Galindo): Uncertain, but a new bull market is expected after the fourth halving.
Ark Investment’s predictions have always been exaggerated. Initially, in early 2021, they predicted that Bitcoin would reach a range of $200,000 to $500,000 in the long term due to institutional cash reserves. Now, it seems that this number has doubled again.
(
[Chain News Analysis] Detailed Explanation of Ark Invest’s (ARK Investment) Big Ideas 2021: Bitcoin Becoming Corporate Cash
)
What is Bitcoin halving?
Ark Invest
Bernstein
CoinGecko
Matrixport
Further reading
Ranking of global Bitcoin ETF popularity, with Luxembourg and Singapore leading, China and the U.S. lagging behind
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