The summary of this Bitcoin Gold price prediction tells us that the opinion of respected crypto experts and technical-based analysis combined predict that Bitcoin Gold has the potential to reach anywhere between $339 to over $375 between now and the year 2025. To avoid missing out on potential upcoming price surges in the cryptocurrency market, check out our easy-to-follow article on how to buy Bitcoin Gold.
“DeFi boom is a very near equivalent of an apocalyptic event for the traditional financial institutions.”― Mohith Agadi
News about Bitcoin Gold
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Whether it’s Ethereum or Bitcoin, even the most powerful cryptocurrencies have their flaws. This can often result in a hard fork that sees an attempt to better a digital asset and fix ongoing issues. This happened to both Ethereum and Bitcoin. The latter saw a hard fork that resulted in Bitcoin Gold.
A fork often divides crypto communities. But in the first few months of 2021 alone, Bitcoin Gold surged from $8.37 to over $46, making some investors returns of over 450%. This lead to increased demand for an accurate Bitcoin Gold price prediction for the coming five years.
Naturally, this has thrown this innovative digital asset into the spotlight. But the price surge left many wondering if they had missed the boat on Bitcoin Gold and whether investing now was a good idea. I was one of those people until I began to use a range of factors to research the future price such as the following:
- Price history
- The latest legislation
- Prediction strategies
- Expert analysis of Bitcoin Gold price predictions
By analyzing all of these factors, I was able to find out that there’s never a bad time to invest in Bitcoin Gold, and I’m not alone. For example, statistics from the leading trading platform of eToro tell us that sales have skyrocketed in the past few months.
But what does the future hold for investors who get on board early enough? Will it rise once again? Our Bitcoin Gold price prediction aims to answer all. But first, let’s start with just what it is and how it works.
What is Bitcoin Gold?
Bitcoin Gold can trace its roots back to late 2017 when it was formed from a fork of the original open-source Bitcoin network. At the time, it was one of the biggest and most widely talked about forked of Bitcoin.
However, whilst most hard forks take place due to things like developer conflict, differences of goals, or allowing a cryptocurrency to scale as it grows, Bitcoin Gold was different. Oddly similar to Donald Trump’s campaign slogan, the stated purpose of the Bitcoin Gold hard fork was to “make bitcoin decentralized again”, with reliance thereon the original cryptocurrency of Bitcoin.
“Online identity and reputation will be decentralized. We will own the data that belongs to us.”– William Mougayar
But isn’t Bitcoin already decentralized? I hear you ask. The answer is yes, the original Bitcoin is not linked with any central bank, a particular country, or government body. However, the decentralization question posed by Bitcoin Gold wasn’t related to central issuance. Instead, it was related to the mining process of Bitcoin on the BTG blockchain.
Rather than disproportionally favoring major mining operations as is common with Bitcoin, Bitcoin Gold adopted a new algorithm for the mining process which was a proof-of-work algorithm called Equihash-BTG. But how does it compare to the original Bitcoin overall? Let’s look at some pros and cons of the Bitcoin Gold coin.
Pros and cons of Bitcoin Gold
Like any cryptocurrency, Bitcoin Gold has its fair share of incredible pros and limiting cons. We always aim for transparency in our articles. So in this section, we’re going to cover some of the most important pros and cons of Bitcoin Gold.
|Pros of Bitcoin Gold||Cons of Bitcoin Gold|
|✔️ Through the decentralizing effect of GPU mining, people won’t need extremely expensive equipment to mine BTC.||❌ The BTG development team is controversial, to say the least.|
|✔️ Bitcoin is becoming more mainstream, with more firms adopting its use for transactions.|
Bitcoin Gold coin FAQ
Do you still have questions about Bitcoin Gold? Rest assured, before we get into the future of this price prediction and the forecast bitcoin gold price, next we’ll cover some frequently asked questions about Bitcoin Gold to give you a better understanding of the original digital asset and its possibly profitable price potential.
What’s the difference between Bitcoin and Bitcoin Gold coin?
Like Bitcoin, BTG is a decentralized cryptocurrency. However, the mining process is also decentralized, whereas the mining process of the original Bitcoin isn’t.
Who uses Bitcoin Gold?
Bitcoin Gold is used by people who wish to maintain the attractive decentralized aspect that Bitcoin holds as a significant selling point, but wishes to take advantage of the equally decentralized mining processes that don’t disproportionately favor specific mining operations.
How does Bitcoin Gold gain value?
Like most cryptocurrencies, the value of Bitcoin Gold is largely driven by speculation in its current state. As more people discover the wide range of its uses, its value grows. Due to its numerous advantages, support for Bitcoin Gold is only expected to grow as cryptocurrencies become a more widely accepted alternative to fiat currencies. When it does, the value will likely grow in sync.
Can Bitcoin Gold reach $1,000 in the next five years?
Due to its attractive decentralized features, BTG has secured many loyal users in its short history. If it continues to do so, it would not be impossible for it to reach $1,000 one day, but this forecast bitcoin gold price would be a long-term thing and would likely take more than five years in the future.
Where do people buy, sell, and trade Bitcoin Gold?
You can buy, sell, and trade Bitcoin Gold from various crypto platforms. If you are a new investor, then we suggest using eToro. It’s safe, regulated, and beginner-friendly. The eToro interface is very simple to use, and it has an array of trading tools to allow you to trade safely.
Bitcoin Gold Price History
Historical data shows that, upon its release, Bitcoin Gold hit the market with a value of just over $500 per 1 Bitcoin Gold. The same month, it hit its profitable all-time high of $539.72 on 23 October 2017 thanks to its many notable features over conventional Bitcoin mining being noticed by Bitcoin miners. With a similarly short timeframe, the market watched the Bitcoin Gold price fall to under $200 before recovering to an average price of $509 in the same year.
Early 2018 saw a drastic BTG price drop as fell to below $100 per 1 Bitcoin Gold and then suffered in the subsequent bear market which saw the Bitcoin Gold price fall further. These enormous price drops were largely the result of constant malware attacks on the ecosystem of BTG.
In March of 2020, as the outbreak of the coronavirus pandemic spread around the world, many people decided to sell Bitcoin Gold and the market watched the price of 1 Bitcoin Gold fall to its all-time low with the bitcoin gold price equal to $4.25 along with many other crypto assets. But things were to dramatically improve for the coin price in 2021. At the start of the year, the coin price was around $8. By May of 2021, the price had surged to $168.19 per BTG.
Naturally, Bitcoin Gold was affected by the crypto crash. After another BTG price fall, the Bitcoin Gold price today is $44. Bitcoin Gold (BTG) remains a long way off its price at its launch in the year 2017, but it certainly has the potential to reach such levels again. But do the experts agree on this BTG forecast?
Expert analysis of the Bitcoin Gold price predictions
One of the best tools we can use to try and determine the potential future price of Bitcoin Gold is a worthwhile investment is to analyze the opinions of various crypto experts. As we move further into our BTG price prediction, let’s delve into four estimated growth outlooks for various industry experts and analysts.
Cryptoground is overwhelmingly bullish on the Bitcoin Gold price prediction. Based on the performance of BTG coins themselves and Bitcoin Gold continuing with being a unique model that retains a solid support base, they believe the price of Bitcoin Gold has the potential to reach exchange rates of $339 by the year 2025.
WalletInvestor uses an algorithm-based forecast in an attempt to predict the future price of cryptocurrencies. When it comes to the price of Bitcoin Gold, they are also bullish. Over the long term, WalletInvestor predicts that the price could reach somewhere around $115 by the end of the year and $384 by the end of 2025.
DigitalCoinPrice is fairly bullish on its BTG price prediction and expects the price of Bitcoin Gold to gradually increase over the long term. DigitalCoinPrice predicts Bitcoin Gold to rise to $68.86 by the end of 2021, $97.32 by the end of 2023, and finally reach an expected maximum price of $140.12 by 2025.
A rather bearish expert analysis on Bitcoin Gold is LongForecast. They predict the price of Bitcoin Gold in 2021 to potentially drop to $45.45 by the end of the year. In the following three years, they expect the price to rise to $49.36 by the end of 2023, and eventually, they expect a Bitcoin Gold price drop to $21.46 per coin by the year 2025.
So from over $100 in the short term to up to almost $400 in the long term, the overall expert analysis on the future price of Bitcoin Gold is overwhelmingly bullish with some potentially lucrative returns in store for investors. But what does the technical analysis tell us about the price potential of this innovative digital asset?
Technical analysis of the Bitcoin Gold price potential
Now we move onto technical analysis to try and predict the future price of Bitcoin Gold. This section will utilize powerful tools like the Japanese candlestick, chart patterns, and trading indicators. As well as giving traders the upper hand in day trading, they can enable us to discover long-term price predictions based on pure technicals when we assess longer time frames.
Bitcoin Gold Price Prediction 2021 – 2022
Since the beginning of 2021, the price of Bitcoin Gold skyrocketed by 452% from $8.37 to over $46. It’s predicted that the Bitcoin Gold price will rise an additional 90% in the second half of 2021 and it’s then expected to close the year at $87.78. A year-to-year change of +949%.
Bitcoin Gold Price Prediction 2022 – 2023
After starting the year at $87.78, it’s predicted that the price of Bitcoin Gold will rise to $127.28 per coin in the first half of 2022, it’s then expected to gain $38.18 and finish the year at $165.46, which is a +258% gain on the current price.
Bitcoin Gold Price Prediction 2023 – 2024
After starting 2023 at $165.46, the price of Bitcoin Gold is expected to rise to a figure of $180.16 midway through the year before going on the rise again and ending the year at $212.59 at an overall annual increase of 360% from the current price.
Bitcoin Gold Price Prediction 2024 – 2025
After starting 2024 at $212.59, the price of Bitcoin Gold is expected to rise to $224.45 halfway through the year. The second half of 2024 is expected to see the price of Bitcoin Gold end the year at an even higher price than the first half of 2024 at $250.63. That’s an overall annual increase of 442% on the current price.
In conclusion to this Bitcoin Gold prediction, Bitcoin Gold has serious potential when it comes to mining. Its decentralized mining is its main selling point and allows a way to mine BTC without the bias of certain mining companies that comes with centralized mining. Expert analysis and technical analysis agree in their Bitcoin Gold predictions that the price of BTG could rise significantly in the near future making it a possible profitable investment.
Whilst many people can see the significant potential in Bitcoin Gold as a profitable investment, there is a significant number of people who are wondering where to invest in this innovative investment for the long term. The answer lies in a reputable and well-established trading exchange with access to vital trading tools like eToro.
Where to buy Bitcoin Gold
Bitcoin Gold is available to buy and trade on eToro alongside 18 other digital coins from Ethereum to Bitcoin Cash. This is a well-established, highly regulated, and secure platform that has the potential to revolutionize your crypto trading.
“Since we’re all rich with bitcoins … we ought to put some of this unearned wealth to good use.”Hal Finney
What’s more, is that eToro allows you to access their incredible array of trading tools such as the Stop Loss, Take Profit, and built-in charting software that all let you maximize your potential profits whilst ensuring safe trading practices that protect your hard-earned funds. Also, eToro offers Leverage Trading on Bitcoin Gold. This allows you to multiply small amounts to become large powerful positions that drive massive profits.
Overall, the financial situation, risk tolerance, and investment strategy of each person vary. Bitcoin Gold is inherently volatile and the price can rise or drop at a moment’s notice, this brings advantages as it does risks. Both of which are important to understand and weigh against your own investment goals and needs. Only invest money you can afford to lose and balance out the risky nature of crypto investment by building a diversified portfolio.
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Disclaimer – This Bitcoin Gold price prediction and historical data is for informational purposes only and is not investment advice. The trading of Bitcoin Gold and other alternative cryptocurrencies has potential rewards and can be a good investment, and it also has potential risks involved and a Bitcoin Gold crash is not impossible. Trading may not be suitable for all people. Anyone wishing to invest should seek his or her own independent financial or professional advice and do their own research on the crypto market before making investment decisions to buy Bitcoin Gold or other digital assets.