Wrapped Bitcoin volume has increased a staggering 16.91% and prices are hovering around $30,677.88 but should you invest in 2023? Read on to find out detailed analysis and price predictions from 2023 to 2050.
Before understanding why and when you should invest in Wrapped Bitcoin, let’s take a step back to the fundamentals of the token. Wrapped Bitcoin was created in January 2019 by former leaders of the crypto industry – REN, BitGo, and Kyber as the first ERC-20 cryptocurrency backed with Bitcoin at a 1:1 ratio. This approach allows Bitcoin stans to participate in the Ethereum ecosystem.
The ERC-20 standardization allows users to trade on decentralized exchanges and use all decentralized finance (DeFi) applications that run on Ethereum blockchain. Wrapped Bitcoin ($WBTC) creates smart contracts for Bitcoin which allows the functions to take place without putting their money on Ethereum or any of its altcoins.
Is Wrapped Bitcoin a Good Investment?
Wrapped Bitcoin is quite popular in the present market which is evident from its 24-hour volume of $102,494,277. Moreover, $WBTC stands at rank 16 with a market cap of $4,818,772,059 and it plays a significant role in community building as higher the rank, the more trustworthy the token.
Now, whether it is a good investment or not, is a controversial discussion as the make or break factors include your research, understanding and risk appetite. Our predictions made below certainly show that $WBTC can be considered for investment but do not take our word as a replacement of professional financial advice.
Wrapped Bitcoin Price History
Since the initial launch of Wrapped Bitcoin in February 2019, the token has reached an all-time high of $67,540.31 with a lifetime low of $5,040.84. Such a massive difference has left many investors wondering whether to invest in $WBTC or not.
Below you can find a quarterly chart of Wrapped Bitcoin from 2019 to 2023 alongwith the past seven-day prices.
| Date | Min Price | Max Price |
| Apr 2019 | $4,080.86 | $6,929.85 |
| Aug 2019 | $8,270.07 | $40,826.50 |
| Dec 2019 | $6,501.66 | $7,665.77 |
| Jan 2020 | $6,958.03 | $12,083.96 |
| Apr 2020 | $6,225.18 | $9,422.91 |
| Aug 2020 | $10,771.15 | $12,838.17 |
| Dec 2020 | $17,624.47 | $29,209.37 |
| Jan 2021 | $28,788.14 | $41,804.18 |
| Apr 2021 | $47,368.67 | $64,796.43 |
| Aug 2021 | $37,535.67 | $50,496.48 |
| Dec 2021 | $45,592.50 | $57,507.76 |
| Jan 2022 | $33,243.83 | $47,758.84 |
| Apr 2022 | $37,621.91 | $47,197.24 |
| Aug 2022 | $19,543.41 | $25,054.73 |
| Dec 2022 | $16,337.34 | $18,251.54 |
| Jan 2023 | $16,471.78 | $23,854.15 |
| Apr 2023 | $27,076.74 | $31,129.71 |
Here is the performance of Wrapped Bitcoin in the past week:
| Date | Min Price | Max Price |
| June 27 | $30,176.58 | $30,803.27 |
| June 28 | $29,932.88 | $30,630.88 |
| June 29 | $30,055.06 | $30,741.93 |
| June 30 | $29,860.87 | $31,153.23 |
| July 1 | $30,279.39 | $30,587.47 |
| July 2 | $30,282.41 | $30,778.77 |
| July 3 | $30,599.64 | $30,775.88 |
Wrapped Bitcoin Price Prediction from 2023 to 2050
Before jumping into the detailed price predictions of Wrapped Bitcoin for coming times, here is a quick showdown:
| Year | Min Price | Avg Price | Max Price |
| 2023 | $22,681 | $29,684 | $33,356 |
| 2024 | $28,489 | $32,345 | $41,102 |
| 2025 | $24,933 | $28,950 | $35,868 |
| 2030 | $27,654 | $36,202 | $45,315 |
| 2035 | $26,482 | $30,466 | $35,937 |
| 2040 | $29,537 | $38,685 | $49,023 |
| 2045 | $35,862 | $39,630 | $52,654 |
| 2050 | $56,671 | $60,862 | $85,286 |
Wrapped Bitcoin Price Prediction 2023
Wrapped Bitcoin is predicted to reach a maximum high of $33,356 by the end of 2023 with a low of $22,681 as the token is presently in its best performance when compared to past year. Technical analysis reveals that $WBTC is presently having an Exponential Moving Average of 30652.03, indicating selling the token.
Such an indication with Relative Strength Index or RSI of 43.96 is often a sign of prices dropping slightly in coming times. However, it is not expected to stay stuck at low numbers, but traverse to the said highs while having an average trading value of $29,684.
Wrapped Bitcoin Price Prediction 2024
Wrapped Bitcoin prices for 2024 are predicted to reach a maximum high of $41,102 as the Bitcoin halving event is going to directly affect prices of $WBTC. In bearish trends, we might see a low of $28,489 which might not sustain long and show us average numbers around $32,345.
In previous halving events, Bitcoin prices have always surged, after the first one on November 28, 2012, prices rose from $13 to $805.43 within just one year. During the second time, on July 9 2016, each token jumped from $672 to $7,704 and the third one on May 11, 2020, it took prices from $9,840 to $58,877. Wrapped Bitcoin was influenced during the third halving, and we witnessed numbers jumping from $9,341 to $57,555 and similar expectations are kept for the fourth Bitcoin-halving expected to occur on April 26, 2024.
Wrapped Bitcoin Price Prediction 2025
By 2025, we might witness Wrapped Bitcoin treading back from past performance and predictions show a high and low of $35,868 and $24,933 respectively. Forecast also shows that the present damaged market sentiment will improve by the end of 2025, which might set new highs on the decentralized exchange but due to lack of hints in the present market, we cannot give any assurance.
The present day performance of $WBTC is also commendable as they are growing rapidly with time. Recently, the organization dropped the token’s stats for April and May 2023.
For a cryptocurrency having such numbers despite a high token value is certainly not common and only gives us more reasons to trust. As we discussed the after-effects of Bitcoin-halving which has shown powerful performance after a year, we might see this happen again around April 2025. However, do check out the whitepaper of Wrapped Bitcoin before investing or making such decisions.
Wrapped Bitcoin Price Prediction 2030
Forecast for Wrapped Bitcoin prices between 2025 and 2030 shows that we might witness a high of $45,315 with a low of $27,654. Being a volatile (finance) market, prices of cryptocurrency fluctuate massively in short periods. Such an incident might be clear to us in this short span of five years, and the organization includes further use cases. There was always a strong community of Bitcoin that $WBTC also enjoys and we expect it to grow alongside BTC.
Technical analysis also reveals that $WBTC has an Exponential Moving Average of 30660.22, a strong indication of buying. It can be said that due to strong moving average prices can reach our predicted high but cannot peg itself there. Overall, before the end of 2030, average prices are predicted to hover around $36,202.
Wrapped Bitcoin Price Prediction 2040
Wrapped Bitcoin price predictions between 2030 and 2040 show best outcomes for long-term investors who might enjoy the projected high of $49,023. With average trading prices around $38,685, there is also a chance of the token not meeting our expectations and reaching a low of $29,537.
Bitcoin is undoubtedly the face of all cryptocurrencies, and has helped transform the Web3 world. By 2040, we might see it doing so again with Wrapped Bitcoin as investors do not lose the value of investment while enjoying Ethereum-based applications and features. Since it provides the security and trust of Bitcoin in the functional and growing Ethereum ecosystem, there is a place to keep belief in Wrapped Bitcoin.
Wrapped Bitcoin Price Prediction 2050
Wrapped Bitcoin is predicted to overtake its present ATH ($67,540.31) by 2050 and reach a staggering value of $85,286. Bearish conditions can pull numbers at a minimum of $56,671 which is still going to be quite a rise from present day. Average trading price is forecasted to be almost twice its current price and reach $60,862.
The cryptocurrency is already partnered with some of the biggest names like HitBTC, Maker, Uniswap and many more. We expect that between 2040 and 2050, we will see a greater surge of interested partners and investors alike. Check out the partner list of Wrapped Bitcoin before making investment choices.
Should I Invest in Wrapped Bitcoin?
Wrapped Bitcoin is backed by the world’s largest cryptocurrency and investing in $WBTC can help you stay at par with Bitcoin and also enjoy ETH-based applications. So, if you have strong belief in Bitcoin, and wish to gain access to decentralized apps (dApps), $WBTC can be your go to choice.
Our predictions made above show a positive future for the token and even though it is backed by Bitcoin, prices can still alter our expectations. Invest in Wrapped Bitcoin only when you are well versed with the cryptocurrency and also have the risk appetite.
Realistic Wrapped Bitcoin Price Prediction
Price predictions of Wrapped Bitcoin in a realistic sense shows that in the long-run (2030 and later), we can see numbers rising. The token is already showing its best performance in the present time, and the Relative Strength Index is in the neutral zone with values at 37.49. It indicates that sudden changes might not come in recent times, and those looking for some stability in the cryptocurrency exchange can consider $WBTC as an option.
In a monthly-time frame, the Exponential Moving Average is valuing at 28570.54 which is a strong indication of buying $WBTC. So, long-term investors are going to make the most from the present prices. If you do not wish to make such commitments, we will suggest you to wait for prices to drop.
