Compilation of the best books about cryptocurrency: navigating the world of digital assets

Volatility. It’s a word that many people still associate with bitcoin, and rightly so. Since its launch in 2009, the cryptocurrency has gone from being an experiment for enthusiasts to one of the most talked-about financial instruments in the world. Now we are in 2024, and whether to buy bitcoin is even more relevant. What to expect from the course and what will the prospects be? This is what we are going to find out.

What Bitcoin is and why it has become popular

Bitcoin in 2024 is not just a digital currency, but a symbol of change in the global financial system. It was created in 2009 by a developer known by the pseudonym Satoshi Nakamoto. Bitcoin’s goal was to create a decentralised currency outside the control of banks and states. The main characteristic of Bitcoin remains its limited issuance: only 21 million coins.

Investing in cryptocurrencies has gained popularity due to several key factors. First, Bitcoin has shown impressive value growth. For example, in 2017, the price per coin rose to $20,000, and in 2021, it surpassed the $60,000 mark. This growth has led to strong interest from private and institutional investors. Second, the periodic halving (reduction of the reward for mining every four years) helped reduce supply in the market, which also supported price growth.

Bitcoin exchange rate and forecast for 2024

The bitcoin exchange rate is one of the main indicators attracting investors’ attention. Another halving is expected in 2024, which could have a positive impact on the exchange rate. Historically, each halving has been followed by a subsequent appreciation, as the supply of bitcoins decreases and demand remains stable or increases.

Bitcoin forecasts for 2024 look optimistic. Many analysts believe that the price could reach new heights, especially with the possibility of a bitcoin-ETF (exchange-traded fund) being approved. This decision will open access to cryptocurrency to a wide range of investors, including pension funds and other financial institutions. Economic instability also plays in bitcoin’s favour: with the loss of confidence in traditional currencies, many are turning to cryptocurrencies as an alternative.

It is worth remembering the volatility of the market. In 2021, bitcoin hit record highs, only to be followed by a fall. In 2024, the situation may repeat itself, so it is important to carefully assess the risks and not invest everything in cryptocurrencies.

Whether Bitcoin is worth investing in 2024

It all depends on your objectives and your appetite for risk. Bitcoin could become attractive to investors in 2024, given the upcoming halving and growing interest from large funds. These factors could increase the value of the cryptocurrency, making it a favourable option for those seeking long-term investments.

Remember: investing in cryptocurrencies always involves risk. Rate volatility and potential regulatory changes can cause significant price fluctuations. It is important to bear in mind that cryptocurrency is a high-risk asset, and investing in bitcoin requires being prepared for potential losses.

For those willing to take risks in exchange for potentially high returns, buying bitcoin in 2024 could be a great decision. And those who prefer a stable investment should consider less volatile instruments.

Bitcoin or other cryptocurrencies?

The question worries many potential investors. Unlike projects such as Ethereum or Solana, bitcoin remains primarily a means of preserving value. Its role is often compared to digital gold, while other cryptocurrencies serve as platforms for creating decentralised applications and smart contracts.

Bitcoin in 2024 appeals to conservative investors because of its simplicity and reliability. Ethereum, for example, is actively developing a smart contract ecosystem, making it a more innovative but also riskier asset. Solana has high transaction speeds, but faces decentralisation and sustainability issues.

Bitcoin’s main advantages are

• A time-tested network;
• limited supply;
• digital gold status.

In 2024, bitcoin remains the preferred choice for those looking for a safe asset to invest in for the long term.

How to make money with bitcoin and how it is taxed in Russia

In 2024, cryptocurrency is back in the news. One of the ways to make money is trading. Speculative trading on cryptocurrency exchanges makes money from exchange rate fluctuations, but it requires knowledge and skills. Another method is holding, which involves buying bitcoin and holding it for the long term in anticipation of a price rise. This method proved profitable for many investors who bought bitcoin in 2017-2018.

Another option is mining. Although mining is becoming less and less accessible due to the increasing complexity of the network, many enthusiasts continue to mine cryptocurrencies, especially in countries with cheap energy resources.

Cryptocurrency taxation in Russia

An important point that cannot be ignored. According to the legislation, all income from cryptocurrency transactions must be declared. Taxation includes the payment of income tax at the rate of 13%. Failure to comply with tax obligations can result in fines and penalties, so it is important to keep up to date with current regulations and consult with lawyers.

Bitcoin wallets for beginners

It is important for beginners to understand what a bitcoin wallet is and how to choose the best option.

There are three main types of bitcoin wallets:

• Software-based. These are applications for smartphones or computers that allow you to easily manage your funds;
• Hardware wallets such as Ledger and Trezor. They provide a high level of security, as keys are stored offline, minimising the risk of hacker attacks;
• Online. Convenient for quick access, but less secure.

For beginners, it is important to choose the type of wallet that meets your needs: if security comes first – hardware wallet, if convenience – software or online.

Future prospects and forecasts for Bitcoin

Bitcoin’s prospects in the coming years look promising. The forecast for 2024 shows that the cryptocurrency is likely to continue to grow thanks to another halving and increased institutional interest. Keep in mind that volatility and regulatory changes can disrupt the market at any time.

Investing in bitcoin 2024 remains a risky but attractive option for those looking to diversify their portfolio and are willing to accept volatility. It may be a good time to start studying the cryptocurrency market in more detail and be prepared for new opportunities.

Bitcoin remains a key benchmark for the entire cryptocurrency market. Its dynamics set the tone for both altcoins and the overall perception of digital assets among investors.

The forecast for the price of Bitcoin is of interest not only to traders but also to large corporations, analysts, and governments. The capital distribution, regulatory approaches, and market participants’ behavior depend on the price of the first cryptocurrency. Understanding what influences the coin’s value allows for building a well-thought-out investment strategy both in the short and long term.

Key factors influencing the price: is it worth investing in Bitcoin?

Before considering scenarios, it is important to understand the forces shaping the current price and movement of the asset:

• demand and supply levels, capped at 21 million coins;
• mining speed and profitability;
• halving regularity and impact;
• institutional purchases and movements on the balances of large funds;
• regulation in different countries and new laws;
• geopolitical stability and inflation expectations regarding fiat currencies.

The combination of these parameters affects long-term prospects. Forecasting the Bitcoin price is impossible without analyzing macro factors and network activity.

Forecast evaluation for tomorrow and short-term fluctuations

Analyzing BTC behavior within a day is based on technical indicators, trading volumes, resistance and support levels. The market in the short term may react to news, statements from major players, and US economic statistics. Therefore, the Bitcoin price forecast for tomorrow is conditional: its task is to show the zone of probable deviation, not an exact value.

Short-term jumps are often used by speculators, but for an investor, sustainable growth is more important. The levels of $63,000–$68,000 remain critical when assessing the current range in 2025.

Bitcoin price forecast for 2025: scenarios and expectations

By 2025, interest in BTC has intensified due to halving. Historically, halving the miners’ reward by half has led to price growth in the following months.

A significant catalyst has been the influx of institutional capital. Corporations and funds continue to increase their share of Bitcoin in their assets, forming a stable demand. Analysts note two possible scenarios:

• with moderate interest growth — a range of $80,000–$100,000;
• with increased institutional demand — up to $120,000–$150,000.

The preliminary analysis for 2025 is based on the assumption of further spread of digital assets as a means of savings and inflation hedging.

Long-term Bitcoin price forecast for 2030

In the next five years, demand will depend on global regulation, further integration into payment systems, and the level of digitalization of the economy.

The number of coins is limited, and interest from emerging markets is growing. Major players view Bitcoin as a digital counterpart to gold. Scenarios for 2030:

• with stable development — $180,000–$250,000;
• with fiat digitalization and inclusion of BTC in reserve assets — $300,000 and above.

The projected scenario often includes expectations of transitioning to new financial models, where cryptocurrency can take its place alongside government assets.

Bitcoin prospects until 2050: fiction or strategy?

Forecasting for such a distant period requires abstraction from current market realities. However, with limited supply, growing demand, and global instability, a scenario is possible where BTC becomes a global payment and savings instrument. Estimates for 2050 vary:

• from $500,000 to $1,000,000 per coin with full inclusion in international reserves;
• with mass adoption in transactions — up to $3,000,000 and higher.
  

The Bitcoin price forecast for 2050 is based not only on the economy but also on the transformation of the monetary system itself. The main condition remains the preservation of the network’s decentralized nature and support from users.

Expert opinions: consensus and disagreements

Analysts differ in their assessments, but most recognize the asset’s potential in the long term. Below are summarized positions:

• Fidelity — sees Bitcoin as an alternative to gold, with a perspective of $1 million in the 2040s;
• ARK Invest — anticipates growth above $1.5 million by 2030;
• Bloomberg — estimates potential within $500,000 with mass recognition;
• Goldman Sachs — points to the possibility of Bitcoin becoming part of Central Bank reserves;
• JP Morgan — forecasts the use of BTC as a hedge in stock market instability.

Expert opinions vary in numbers but converge on one point — cryptocurrency #1 cannot be ignored anymore!

Main risks in investing

It is impossible to consider investments without assessing potential threats. The cryptocurrency market is subject to risks related to unpredictable regulatory changes, possible mining bans, or the introduction of strict taxation.

Technical failures, hard forks, loss of access to assets due to storage errors, and high short-term volatility also have a significant impact. Against the backdrop of declining liquidity, market manipulations may intensify.

Therefore, the Bitcoin price forecast should be based not only on positive expectations but also take into account the likelihood of sharp reversals and instability.

How is the long-term forecast scenario for BTC formed?

Forecasting requires a comprehensive approach based on a multitude of interconnected factors. Experts analyze the behavior of major investors, track asset movements on the blockchain, evaluate hash rate and mining difficulty, and also consider the approaching halving and market reaction to it.

Only by combining these parameters can a well-founded long-term Bitcoin price forecast be formulated, capable of adapting investment strategies to global trends.

Institutional interest and regulation

In recent years, the participation of major players has become a determining factor. ETFs based on BTC, investments from funds, acceptance in payment by major companies — all strengthen the foundation. At the same time, regulatory attention is increasing. The US, Europe, Asia — are developing their approaches to classification, taxation, and control.

Institutional interest enhances trust but makes the market more sensitive to legislative changes. Harmonious regulation is one of the conditions for stable growth.

Conclusion

The future of the first cryptocurrency remains a subject of discussion. The Bitcoin price forecast depends on dozens of variables, including technological changes, economic policies, and social trends.

However, one thing remains unchanged: the demand for digital currency, limited supply, and the pursuit of financial freedom. For some, BTC is a speculative asset, for others, a savings instrument for decades. What it will become tomorrow and in 10 years depends not only on analysts but also on those who believe in its power!