diff --git a/package/bitcoin/Config.in b/package/bitcoin/Config.in
index 66c8ebbfda..835961718c 100644
--- a/package/bitcoin/Config.in
+++ b/package/bitcoin/Config.in
@@ -16,7 +16,7 @@ config BR2_PACKAGE_BITCOIN
 	depends on BR2_INSTALL_LIBSTDCPP
 	depends on BR2_TOOLCHAIN_SUPPORTS_ALWAYS_LOCKFREE_ATOMIC_INTS # boost-thread, boost-filesystem
 	depends on BR2_PACKAGE_BITCOIN_ARCH_SUPPORTS
-	depends on BR2_TOOLCHAIN_GCC_AT_LEAST_11
+	depends on BR2_TOOLCHAIN_GCC_AT_LEAST_12
 	depends on BR2_TOOLCHAIN_HAS_THREADS # boost
 	depends on BR2_USE_WCHAR
 	select BR2_HOST_CMAKE_AT_LEAST_3_22
@@ -48,9 +48,9 @@ config BR2_PACKAGE_BITCOIN_WALLET
 
 endif
 
-comment "bitcoin needs a toolchain w/ C++, threads, wchar, gcc >= 11"
+comment "bitcoin needs a toolchain w/ C++, threads, wchar, gcc >= 12"
 	depends on BR2_PACKAGE_BITCOIN_ARCH_SUPPORTS
 	depends on BR2_TOOLCHAIN_SUPPORTS_ALWAYS_LOCKFREE_ATOMIC_INTS
 	depends on !BR2_INSTALL_LIBSTDCPP || \
 		!BR2_TOOLCHAIN_HAS_THREADS || !BR2_USE_WCHAR || \
-		!BR2_TOOLCHAIN_GCC_AT_LEAST_11
+		!BR2_TOOLCHAIN_GCC_AT_LEAST_12
diff --git a/package/bitcoin/bitcoin.hash b/package/bitcoin/bitcoin.hash
index 89fe6ce280..b1576d5e8a 100644
--- a/package/bitcoin/bitcoin.hash
+++ b/package/bitcoin/bitcoin.hash
@@ -1,7 +1,7 @@
-# Hash from: https://bitcoincore.org/bin/bitcoin-core-30.2/SHA256SUMS
+# Hash from: https://bitcoincore.org/bin/bitcoin-core-31.0/SHA256SUMS
 # After checking pgp signature from:
-# https://bitcoincore.org/bin/bitcoin-core-30.2/SHA256SUMS.asc
-sha256  6fd00b8c42883d5c963901ad4109a35be1e5ec5c2dc763018c166c21a06c84cb  bitcoin-30.2.tar.gz
+# https://bitcoincore.org/bin/bitcoin-core-31.0/SHA256SUMS.asc
+sha256  0ba0ef5eea3aefd96cc1774be274c3d594812cfac0988809d706738bb067b3e3  bitcoin-31.0.tar.gz
 
 # Hash for license file
 sha256  b028769f3852a9368ab10bd754ff01ebb741f84a2fa658c9aff82a631bc6ecfc  COPYING
diff --git a/package/bitcoin/bitcoin.mk b/package/bitcoin/bitcoin.mk
index 89dacaf9c7..d7019f2aa9 100644
--- a/package/bitcoin/bitcoin.mk
+++ b/package/bitcoin/bitcoin.mk
@@ -4,7 +4,7 @@
 #
 ################################################################################
 
-BITCOIN_VERSION = 30.2
+BITCOIN_VERSION = 31.0
 BITCOIN_SITE = https://bitcoincore.org/bin/bitcoin-core-$(BITCOIN_VERSION)
 BITCOIN_LICENSE = MIT
 BITCOIN_LICENSE_FILES = COPYING