A hard fork of the famous Bitcoin, Bitcoin Gold (BTG) was established in 2017 by Jack Lao, the creator of Lightning ASIC, who said that the main goal of the new cryptocurrency was to improve the initial protocol and act as a link between the fiat and digital currency worlds.
Bitcoin Gold (BTG) isn’t famous for huge price movements, but it is known for its solid technical base and innovative features. Although it has less mooning potential than other coins and tokens, Bitcoin Gold can still definitely be a profitable investment.
In this article, we will present our Bitcoin Gold price forecast for 2021 and beyond.
- Buy Crypto at The Best Rate
- Bitcoin Gold Overview
- Differences Between Bitcoin Gold and Bitcoin
- Bitcoin Gold Price Analysis
- Bitcoin Gold Technical Analysis
- Bitcoin Gold Price Prediction 2022
- BTG Price Forecast for December 2022
- Bitcoin Gold Price Prediction 2023
- Bitcoin Gold Price Prediction 2024
- Bitcoin Gold Price Prediction 2025
- Bitcoin Gold Price Prediction 2026
- Bitcoin Gold Price Prediction 2027
- Bitcoin Gold Price Prediction 2028
- Bitcoin Gold Price Prediction 2029
- Bitcoin Gold Price Prediction 2030
- Bitcoin Gold Price Prediction 2031
- How can I invest in Bitcoin Gold?
- Is BTG a good buy?
- Is Bitcoin Gold profitable?
Bitcoin Gold Overview
The main goal of Bitcoin Gold (BTG) is to provide miners with the opportunity to mine electronic currency using GPUs instead of ASICs. This method has certain benefits, including but not limited to:
- different graphic processing units being allowed to use;
- ASIC bypass;
- the range of users who can mine Bitcoin Gold (BTG) being way wider;
- decentralized mining of cryptocurrency;
- the decrease in the influence of large companies on BTG;
- stable prospects for Bitcoin Gold;
- wide capitalization of Bitcoin Gold.
When BTG hit the market in October 2017, it was worth over $400 — there was no ICO because BTG could only be mined and bought. The founders organized the pre-mining process, which raised concerns among the crypto community: it’s not clear how many BTG coins were mined by the team.
Differences Between Bitcoin Gold and Bitcoin
|Current / Total Supply||17M / 21M BTG||18.8M / 21M BTC|
|Launch date||12 Nov 2017||9 Jan 2009|
The main benefit of Bitcoin Gold is the change in the mining algorithm: instead of SHA-256, it uses Equihash. The latter allows users with ordinary personal computers (Windows 7 and newer, with 4GB RAM min.) to mine this cryptocurrency without overloading their devices.
Bitcoin Gold has a number of undeniable advantages listed below:
- the cryptocurrency has an increased degree of security;
- the algorithm allows ordinary users to have access to mining pools — only a PC is required;
- the BTG network features enhanced code to provide better overall performance.
There’s only one thing that the team needs to address: weak protection against duplication. For this reason, various services confuse Bitcoin Gold with Bitcoin; as a result, they prohibit certain operations.
As for BTG value, the cryptocurrency is mostly interesting for miners. Its value has seriously dropped during the last year, so it’s not the best option for investment and trading. BTG price today is $10,59, which is 40 times lower than when it was introduced.
Bitcoin Gold Price Analysis
As we can see on the chart, Bitcoin Gold price still hasn’t managed to retake its initial highs. When it had only entered the market back in November 2017, it briefly reached the $427 mark before dropping down to the $150 price level. BTG price then skyrocketed at the end of November 2017 and once again in December of the same year, but wasn’t able to survive the massive sell-off that followed.
After that, Bitcoin Gold (BTG) price has mostly stayed in the $8-15 range up until the crypto market boom of 2021: its price started rising in February and finally managed to cross the $100 mark again in April 2021. Since then, Bitcoin Gold price has dropped to the $60 level.
Now that we’ve taken a look at its price history, let’s move on to our Bitcoin Gold price prediction!
Bitcoin Gold Technical Analysis
What do traders think of BTG? Let’s see a Bitcoin Gold price prediction made by industry experts. Here’s a technical analysis from TradingView:
Bitcoin Gold Price Prediction 2022
According to the technical analysis of Bitcoin Gold prices expected in 2022, the minimum cost of Bitcoin Gold will be $14.29. The maximum level that the BTG price can reach is $16.07. The average trading price is expected around $15.63.
BTG Price Forecast for December 2022
Based on the price fluctuations of Bitcoin Gold at the beginning of 2022, crypto experts expect the average BTG rate of $15.63 in December 2022. Its minimum and maximum prices can be expected at $14.29 and at $16.07, respectively.
Bitcoin Gold Price Prediction 2023
After the analysis of the prices of Bitcoin Gold in previous years, it is assumed that in 2023, the minimum price of Bitcoin Gold will be around $22.37. The maximum expected BTG price may be around $26.59. On average, the trading price might be $23.15 in 2023.
Bitcoin Gold Price Prediction 2024
Based on the technical analysis by cryptocurrency experts regarding the prices of Bitcoin Gold, in 2024, BTG is expected to have the following minimum and maximum prices: about $32.06 and $38.60, respectively. The average expected trading cost is $32.99.
Bitcoin Gold Price Prediction 2025
The experts in the field of cryptocurrency have analyzed the prices of Bitcoin Gold and their fluctuations during the previous years. It is assumed that in 2025, the minimum BTG price might drop to $44.78, while its maximum can reach $55.46. On average, the trading cost will be around $46.10.
Bitcoin Gold Price Prediction 2026
Based on the analysis of the costs of Bitcoin Gold by crypto experts, the following maximum and minimum BTG prices are expected in 2026: $77.70 and $66.43. On average, it will be traded at $68.28.
Bitcoin Gold Price Prediction 2027
Crypto experts are constantly analyzing the fluctuations of Bitcoin Gold. Based on their predictions, the estimated average BTG price will be around $96.35. It might drop to a minimum of $92.94, but it still might reach $114.19 throughout 2027.
Bitcoin Gold Price Prediction 2028
Every year, cryptocurrency experts prepare forecasts for the price of Bitcoin Gold. It is estimated that BTG will be traded between $138.87 and $162.26 in 2028. Its average cost is expected at around $142.73 during the year.
Bitcoin Gold Price Prediction 2029
Cryptocurrency analysts are ready to announce their estimations of the Bitcoin Gold’s price. The year 2029 will be determined by the maximum BTG price of $233.38. However, its rate might drop to around $195.75. So, the expected average trading price is $201.46.
Bitcoin Gold Price Prediction 2030
After years of analysis of the Bitcoin Gold price, crypto experts are ready to provide their BTG cost estimation for 2030. It will be traded for at least $287.53, with the possible maximum peaks at $337.40. Therefore, on average, you can expect the BTG price to be around $295.59 in 2030.
Bitcoin Gold Price Prediction 2031
Cryptocurrency analysts are ready to announce their estimations of the Bitcoin Gold’s price. The year 2031 will be determined by the maximum BTG price of $506.84. However, its rate might drop to around $430.36. So, the expected average trading price is $442.19.
How can I invest in Bitcoin Gold?
You can buy Bitcoin Gold (BTG) on crypto exchanges like Binance or Changelly. If you want to invest in it and buy or sell Bitcoin Gold, you will need a secure and reliable crypto wallet that supports this cryptocurrency. Read more about digital wallets here.
Is BTG a good buy?
If you believe that it is the future, then you should definitely buy Bitcoin Gold. If you would like to make quick short-term profit, then it is probably not a worthwhile investment for you. On the other hand, if you are interested in making a long-term investment, then Bitcoin Gold can be a good addition to your portfolio.
Is Bitcoin Gold profitable?
Bitcoin Gold can be profitable, but it is unlikely to bring you a 1000% profit like some smaller altcoins – judging by its price movements during the early 2021 crypto boom, it doesn’t have much potential in terms of explosive growth. However, Bitcoin Gold has a very solid technical foundation and a passionate community, so it definitely has the potential to become a profitable investment.