Bitcoin Price Prediction: Bitcoin (BTC) will trade flat for the rest of the year. But stop there. 2025 could see new peaks not reached before.
This is the opinion of a panel of industry experts that Finder has pulled together for its latest BTC price prediction report.
The panel, made up of 55 fintech and crypto experts, expects the price of BTC to reach $21,344 by the end of the year. This is before rising to $79,193 in 2025.
Bitcoin Price Prediction: Expert Opinion
Justin Hertzman is the CEO of CoinSmart. He believes that BTC will end in 2022 at just $17,000. But, he says, it could reach $75,000 by 2025.
“Bitcoin is suffering due to external macro conditions. My 2025 price prediction will depend on post halving. If macro conditions improve and regulatory environment improves, BTC price could rise.”
53% of the panel believe that the price of bitcoin will continue to imitate high growth tech stocks.
Nick Orewski is the CEO of Bitcoin Reserve. “BTC has a high beta with traditional markets. And traditional markets are in dire straits. All hanging on fiscal policy and the Fed’s coercion in the next quarter.”
While the broader market is down and bitcoin dominance has fallen below 40%, 77% of the panel still thinks bitcoin is a store of value.
Is the price of bitcoin down?
Ben Ritchie is the Managing Director of Digital Capital Management. He believes that there is institutional demand for bitcoin “as a store of value rather than a currency.” He believes that the price of BTC will be $30,000 by the end of the year, and it will reach $150,000 by the end of 2025.
Nicolas van Horde is the CEO at Delta by eToro. He still considers BTC to be a store of value. But he says “Bitcoin has proven less to survive inflation” than he originally thought.
Despite conservative short-term price predictions, 56% of panelists believe the BTC price is undervalued.
Miles Paschini is the CEO of FV Bank. “The fact is, if you believe in the value of bitcoin as a unique, limited supply store of value, its rarity is currently not worth the price,” he said.
Some 19% of experts believe that the price of BTC is too high. Mitesh Shah is the CEO of Omnia Markets. He believes bitcoin will end the year at $16,000 and says there are more to come.
“While bitcoin has primarily been a store of value during periods of uncertainty, the crypto market is moving in an area it has never experienced. There will be no new low level experience.”
Bitcoin Price Prediction: Competition from ETH
Joseph Razynski is a technologist and futurist at Thomson Reuters. They think bitcoin is worth enough. “BTC is now almost being pulled and pushed by ETH. People are finally recognizing that Ethereum is the real owner of the bunch, and BTC is being bounced in the wake of this.”
54% of the panel believe that ETH will eventually overtake Bitcoin by market cap. 29% say this will happen by 2024. However, this view is actually a drop from July 2021. At this time, 68% of panelists were expecting a “flipping” event to occur.
Lee Smalls is Professor of Finance at the University of Western Australia. He believes bitcoin is overbought, with Smalls hoping that the flip will happen in 2023. He also feels that BTC’s commitment to proof-of-work (PoW) will slow progress on crypto energy issues.
“The stock market will fall further before the end of 2022 and BTC will follow. BTC will now attract more bad publicity for the PoW model, as the ‘merge’ has worked well.”
Yves Longchamp is Head of Research at SEBA Bank. They think the flipping will happen in 2024. But, he says the price of bitcoin is given as “digital gold”.
“Bitcoin and Ethereum do not compete, they have different value propositions.”
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