A Finder panel, attended by 55 fintech and crypto experts, collects predictions for Bitcoin for December and 2023. The vast majority of experts are confident that Bitcoin will exceed $100,000 in the next decade.
55 experts shared their December price predictions for Bitcoin
According to Finder’s survey, experts expect the price of Bitcoin to grow 11% more than its current level. In such a case, the BTC price will close the year 2022 around $21.344. However, this estimate was different from the Finder panel before. At the panel in January 2022, experts said they saw BTC ending the year at $76,360. One of the conclusions we can draw from this is; Professionals lower the bar. However, they continue to maintain that Bitcoin will still see upward momentum towards the end of the year, hence the 11% forecast this time around.
Bitcoin 2025 and 2030 price predictions
In addition to 2022, the Finder panel collected price predictions from crypto experts over the years 2025 and 2030. These forecasts followed an upward trend, albeit below the previous expectations, in line with the panel’s bullish outlook. First, experts expect Bitcoin to trade at $79,000 in 2025. In April, that figure was $179,000. At the panel in July, they estimated $107,000. The 2030 projections extend to $270,000. To put this in perspective, the panel has previously said that BTC will hit $314,000 in July and $420,000 in April.
Despite changing price forecasts, the report shows that 77% of experts on the panel still view Bitcoin as a store of value. One of the attendees, EXMO CEO Serhii Zhdanov, says that the crypto winter is temporary:
Fundamentally nothing has changed for Bitcoin, this is a global capital crisis and Bitcoin will be hit in the short term but will recover; There won’t be many other financial assets.
But some experts are not so optimistic
Lee Smales, a professor of finance at the University of Western Australia, is not too optimistic about the price of BTC in 2022. Smales sees further declines in the stock market and Bitcoin by the end of 2022. He also says:
BTC will attract more bad reviews with its PoW model as the ‘merge’ works well.
On the other hand, Paul Levy, a senior lecturer at the University of Brighton, sees little change in Bitcoin price until December 2022. Despite this, he says, “it will likely experience steady growth in the long run.” The price target by 2025 is $60,000.
Is now the time to buy, sell or hold BTC?
Most experts are split between buying (46%) and holding (44%) BTC. Only 10% believe it’s time to sell Bitcoin.
As you follow on Kriptokoin.com, last week’s Finder panel was about XRP. Experts are generally of the opinion that the market will recover in the long term, although there is a downward trend in the short term.
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