Here's what bitcoin futures could mean for the price of bitcoin (2024)

FAQs

Will Bitcoin futures affect price? ›

The price of Bitcoin traded on crypto exchanges is considered to be the BTC spot price. Front-month futures contracts typically trade higher than the current spot price, a condition known as contango. Contango represents market expectations that asset prices are headed higher in the near term.

By getting investors excited about the future of Bitcoin, she could attract more inflows to her ETF. If Wood is correct and Bitcoin does reach $3.8 million by 2030, an investment of $1,000 would be worth over $60,000.

Based on our analysis, Bitcoin's price could fall to a low of $38,000 or reach a high of $85,000 by the end of 2024. By the end of 2025, we expect BTC to have hit a new all-time high (ATH) around $102,000, then drop close to $65,000 by the end of the year—which will become positive support for the crypto's price.

Bitcoin and bitcoin futures can be highly volatile. Leverage created by futures contracts can significantly amplify both gains and losses. Futures contracts are standardized, time-limited contracts that convey the right to buy or sell the underlying asset at some point in the future.

Using futures to gain bitcoin exposure can lead to significant underperformance compared with holding bitcoin directly. This underperformance is often attributed to “contango,” which occurs when the price of futures contracts is higher than the current price of the underlying asset.

“Based on the current market trend, it is possible that bitcoin may reach up to $100,000 by the end of 2024 and could potentially surpass $200,000 by the end of 2025,” Collins said. Unfortunately, he said it's unlikely bitcoin's momentum in 2023 and 2024 will continue indefinitely.

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

It claims the value of Bitcoin will grow steadily to about $1 million per full Bitcoin by 2030.

Our digital assets research team outlines their assumptions for a scenario in which bitcoin could reach $2.9 million per coin by 2050, driven by its adoption as a global medium of exchange and a reserve asset.

Because Bitcoin is so powerful and has so much potential, Bitcoin's projected value and estimated growth could be astronomical. Speculation from crypto analysts and industry experts suggests that Bitcoin's long term value could reach over $100,000 to as much as one million dollars per BTC in the future.

Who owns the most Bitcoin? ›

So, who are the top holders of BTC? According to the Bitcoin research and analysis firm River Intelligence, Satoshi Nakamoto, the anonymous creator behind Bitcoin, is listed as the top BTC holder as of 2024. The company notes that Satoshi Nakamoto holds about 1.1m BTC tokens in about 22,000 different addresses.

“I could potentially see Bitcoin to become the 21st century gold” Crypto-currencies' market cap of more than one trillion us dollars makes them too important to ignore. Marion Laboure, Analyst at Deutsche Bank Research, tells us how the development of digital currencies will shape the future of payments.

If this pattern continues into 2030, the price could peak around 2029 or 2030, potentially aligning with Wood's price prediction. If Wood is correct and Bitcoin reaches $3.8 million, a $100 investment in Bitcoin today would be worth $5,510 in 2030. This translates to a compounded annual growth rate (CAGR) of over 95%.

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.

Sarathy concurs that there are risks involved with investing in these cryptocurrencies, including price volatility, cybersecurity concerns and a lack of regulations compared to traditional currency. Ultimately, it's up to each individual user how much risk they want to take.

How Do Futures Prices Affect Spot Prices? It's actually more the other way around: Spot prices influence futures prices. A futures contract price is commonly determined using the spot price of a commodity—as the starting point, at least.

Our most recent Bitcoin price forecast indicates that its value will increase by 13.42% and reach $76,251 by July 24, 2024. Our technical indicators signal about the Bullish Bullish 81% market sentiment on Bitcoin, while the Fear & Greed Index is displaying a score of 70 (Greed).

Stock index futures can be utilized to hedge the risk of the underlying asset and to predict the price movement of the stock market.

If a trader buys a futures contract and the price rises above the original contract price at expiration, there is a profit. However, the trader could also lose if the commodity's price was lower than the purchase price specified in the futures contract.