Bitcoin Price Predictions for 2024 from Crypto Big Names, Hit or Miss?

As 2024 comes to a close, so does the timeline of various bitcoin (BTC) price predictions from big names and companies in the crypto industry. While new reports appear with price forecasts and expectations for 2025, it is essential to examine how well previous predictions have performed.

Several pundits and market analysts expected BTC to rally well above $100,000 by the end of the year, while others underestimated the potential effect of the ongoing bull season and predicted that the leading cryptocurrency would remain below the 100,000 dollars. Regardless, BTC hit a new high of $108,200 about a week ago and was trading at $98,000 at press time.

Experts’ BTC Predictions for 2024

Some crypto executives were off the mark with their predictions, while others narrowly missed the mark.

In October 2023, Arthur Hayes, the co-founder of crypto exchange and derivatives trading platform BitMEX and founder of the Maelstrom Fund family office, predicted that BTC would end 2024 around $70,000 based on various economic factors . He also claimed that BTC would be worth between $750,000 and $1 million by 2026 as financial assets experience an unprecedented boom.

Hayes’ prediction fell short as BTC has traded above $100,000 in recent weeks. It remains to be seen whether the 2026 forecast will come true, though that would be unlikely because the offseason is expected to begin that year.

Hit or Miss?

Several industry experts changed their predictions as they monitored the dynamics of the Bitcoin market in this bullish season.

One such analyst is Robert Kiyosaki, author of the bestseller Rich Dad, Poor Dad. He initially predicted that BTC would be worth $300,000 by the end of 2024, but eventually changed his prediction to $105,000 in August 2025. Fortunately, his prediction came a little closer to the current price of bitcoin.

Another financial executive is venture capitalist Tim Draper, who predicted that BTC would be worth $250,000 by the end of the year in April, but backtracked and changed his prediction to $120,000. BTC has yet to break above $110,000.

Additionally, Mike Novogratz, CEO of crypto investment firm Galaxy Digital, predicted in 2021 that BTC would rise to $500,000 by 2024. However, in March 2024, the prominent Bitcoin advocate adjusted his forecast year-end to $100,000.

Meanwhile, the crypto industry expects heavier predictions about the future price of bitcoin. Cathie Wood, founder and CEO of asset manager Ark Invest, says BTC will be worth $500,000 by 2026 and $1 million by 2030. On the other hand, Michael Saylor, founder and executive chairman of the firm d ‘business intelligence and largest corporate BTC holder. , MicroStrategy, sees BTC at $13 million by 2045.

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