A team of crypto experts predicts that by December 2025, the price of Bitcoin will rise to $318,417. The most optimistic experts believe that by the end of this year, the price of cryptocurrencies will reach $160,000. At the same time, 54% of people believe that super-bitcoinization will happen in 2050.
Crypto experts share bitcoin price predictions
Finder, a major product comparison site, conducted a study to understand Bitcoin’s future prospects as its popularity grows. “As the awareness of cryptocurrency continues to spread, everyone’s eyes are focused on the price of Bitcoin. Therefore, we asked a panel of 42 cryptocurrency experts what is the storage space for this coin,” the The company elaborated last week.
Panel members include crypto asset managers, executives from crypto exchanges and other service providers, crypto analysts, professors, and university lecturers. Among the various topics discussed, what will the price of Bitcoin be at the end of this year and a few years from now. Detailed description of the finder:
Although there may be some depreciation in the medium-term price, the team predicts that by December 2025, the price of BTC will rise to $318,417.
The company added: “This is 61% higher than the panel’s forecast for the end of 2025 in December 2020, but 12% lower than April.”
In addition, “The panel members predict that by December 2030, the price of Bitcoin will be as high as $4,287,591 per Bitcoin. However, the average is affected by outliers-when we look at the median price forecast, the price forecast for 2030 Down to $470,000,” Finder wrote.
As for the price of Bitcoin at the end of the year, most panel members (61%) said that Bitcoin is currently undervalued, and the panel on average predicts that the price of cryptocurrency will reach $66,284 per coin by the end of 2021.
Martin Fröhler, the CEO of Morpher, is the most optimistic person in the group. He believes that the year-end forecast for each BTC is $160,000:
The adoption of corporate and institutional investors, coupled with loose monetary policy and high asset inflation, will push Bitcoin to 6 digits by the end of this year. In the next halving cycle, developing countries will use bitcoin more as legal tender. By 2030, bitcoin will replace gold as a global reserve asset.
Wave Financial senior trader Justin Chuh gave a price forecast at the end of the year of 56,000 US dollars, which is below average. Nonetheless, he expressed confidence in Bitcoin as the “tested safe haven” for digital assets. Traders believe that the price of Bitcoin is on an upward trend, predicting that BTC will be $210,000 at the end of 2025 and $400,000 at the end of 2030. The event halving and inflation will drive the price up. He says:
Between 2025 and 2030, halving events and inflation may trigger a greater upward trend. Prices may continue to be driven by supply and demand, while availability for wider user groups is lower.
However, not everyone on the panel is so optimistic. John Hawkins, a senior lecturer at the University of Canberra, is one of the most pessimistic in the group. His year-end forecast is $20,000 per bitcoin. The lecturer also believes that countries that adopt Bitcoin will actually have a negative impact on its price.
The study also covers when experts believe that hyper-bitcoinization will occur. The discoverer found:
54% of the panel of experts believe that super-bitcoinization—the moment when Bitcoin surpasses global finance—will happen in 2050. 29% think it will happen in 2035, and another 20% think it will happen in 2040.
Panel members include members from Galia Digital, Allnodes, Wave Financial, Morpher, Cryptocompare, Coinsmart, Banz Capital, Arcane Crypto, Rouge International and Rouge Ventures, Celsius Network, Coingecko, Coinflip, Token Metrics, Thomson Reuters, Finder, Morgan Creek Digital, Zebpay, Amber, Decred, UCL, University of New South Wales, City University of Hong Kong and University of Western Australia.
What do you think the price of Bitcoin will be in 2025, and when do you think super Bitcoinization will happen? Let us know in the comments section below.
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