Following the new year, we don’t know what it has in store for Bitcoin. However, there has been little consensus among Bitcoin analysts in recent weeks, with research experts, billionaire investors, and cryptocurrency executives making drastically divergent predictions for what the future holds for Bitcoin.

Voorhees predicts $40,000 by June

Following an interview carried out by Bankless on January 2, the CEO and founder of the cryptocurrency exchange ShapeShift told the media that he had confidence in the future rebound of the price of Bitcoin and that he wouldn’t be surprised if the price reached $40,000 by the summer.

Voorhees emphasized that it would be a fantastic return if his prediction came true, because the price of Bitcoin would increase by 2.5X from its present level of $16,684. The CEO was not able to specify when the next bull run would occur, simply stating that it would occur anytime in the next six months to three years.

Rejecting the notion that it might take up to ten years for that to happen, he asserted that if such were to occur, it would mean that the entire project had definitely failed. In terms of what will happen with the cryptocurrency market this year, Voorhees mentioned that this year’s performance will be greatly influenced by the macro environment, interest rates, and tighter monetary circumstances. 

Additionally, he accepted that the perception of cryptocurrency by outsiders is simply trash, but predicted that those same pundits will be the ones caught unaware when the next rally occurs. According to Voorhees, “we are in the middle of a revolution right now,” regardless of whether the market is bullish or bearish. 

Tim Draper predicts $250,000 by April 2024

Following a recent Twitter post made on January 1 by Tim Draper, a billionaire investor in Bitcoin, Tim has remained steadfast in his prediction that the price of one Bitcoin will reach $250,000, as he took to Twitter to show that he even had the statement printed on a T-shirt. 

See t-shirt. $250k by 2022. My prediction was off by a bit. Hasn’t made it there…yet. Certainly before the halvening. #truebelievers #bitcoin #worldoftrust #freedom #hodl pic.twitter.com/jMLi8rraj8

— Tim Draper (@TimDraper) December 31, 2022

During a speech at his own university in San Mateo in April 2018, he delivered the audacious $250,000 Bitcoin price forecast and noted that he was researching something he tagged “the crystal ball”. He told his audience that the prediction would occur and be wonderful, but that people would think those who believe in the forecast are insane.

Admitting that his prediction of “250k by 2022” was a bit off in his latest tweet, Draper noted that he believes it will most certainly occur before the Bitcoin halving, which is anticipated to take place in April 2024, according to Coinmarketcap.

His bullish tweet was met with various reactions, with most doubting his prediction and others tweeting that he had high hopes. A user tweeted that she had “lost interest in the price of Bitcoin since Celsius Network stole the one Bitcoin” she had.

Mike McGlone predicts $100,000 by 2025

Mike McGlone, a senior commodity strategist at Bloomberg Intelligence who has previously expressed positivity about the future of Bitcoin, predicted in September that the cryptocurrency will only hit $100,000 by 2025. 

Mike, who previously stated that Bitcoin is on its way to achieving $100,000 by 2025 in an interview conducted in October 2020, also maintained his original assertion, claiming that reaching $100,000 is merely a “matter of time” during an interview with Kitco News a year later. Noting that the reason was that adoption and demand are still growing, but supply is continually going down.

Standard Chartered predicts $5,000 in 2023

 Standard Chartered, a banking organization with headquarters in the United Kingdom, predicted in December that Bitcoin may fall below $5,000 in 2023 as one of the potential financial-market surprises of the year.

Also on Dec. 5, CNBC reported that a rise in rates and a decline in tech stocks might speed up the decline of Bitcoin, resulting in more crypto failures and collapses as well as a decline in investor trust in digital assets. While some leaders in the cryptocurrency field have been bold enough to reveal their predictions for Bitcoin’s future, others have been more circumspect.