Bitcoin (BTC) ended the 2021 bull at $70,000, outpacing well-known analysts like PlanB or Willy Woo. A new survey by Finder sheds light on what dates experts are now waiting for.
Bitcoin is at $79,193 on this date
According to a Finder survey of cryptocurrency experts, Bitcoin will wait until 2025 for this target. Justin Hartzman, CEO of CoinSmart, predicts that BTC will end 2022 at just $17,000. However, it says it will skyrocket to $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 the regulatory environment improves, the BTC price could rise.
Meanwhile, 53% of experts think Bitcoin price will continue to imitate tech stocks. Nik Oraevsky, CEO of Bitcoin Reserve, says it depends on monetary policies:
BTC has high correlation with traditional markets. Traditional markets are in trouble right now. It all depends on fiscal policy and the Fed’s chatter in the coming quarter.
On the other hand, although Bitcoin’s dominance has dropped below 40%, 77% of experts still consider it a store of value. Ben Ritchie, Managing Director of Digital Capital Management, said that Bitcoin has “institutional demand as a store of value rather than a currency.” The market expert predicts that BTC will reach $30,000 by the end of the year. It expects a price of $150,000 by the end of 2025.
Similarly, Nicolas Van Hoorde, CEO of Delta eToro, still sees BTC as a store of value. However, “Bitcoin has proven to be less inflation-proof than originally thought,” he says.
Despite its more conservative short-term forecasts, BTC is still underpriced, according to 56% of experts. Miles Paschini, CEO of FV Bank, explains it succinctly:
If you believe in the idea that Bitcoin is a unique, finite store of value, the truth is, then its rarity isn’t currently priced in.
About 19% of experts say BTC is currently overpriced
Mitesh Shah, CEO of Omnia Markets, predicted that Bitcoin will end the year at $16,000. The expert says we will see further declines from current levels:
While Bitcoin is predominantly a store of value in times of uncertainty, the crypto market is heading into territory it has never experienced. Bitcoin will experience new lows this year as global investors surrender their investments.
“Bitcoin price will reach 100 thousand dollars in 2023”
This prediction came from popular crypto analyst Tone Vays. The technical analyst says that Bitcoin will reach $100,000 in 2023 and that stocks and crypto will experience a “bull market” as European money flies to the United States:
I’d be surprised if we don’t get closer to $100,000 next year. I think there will be a lot of speculative money flowing into the stock market and crypto markets.
Vays claims that the “flow of capital from Europe to the US” will trigger Bitcoin’s price rise. He also suggested that FOMO could motivate investors to buy more Bitcoin:
They missed their chance to catch the bottom in 2018. This now offers another chance… Investors will jump right in if they get an opportunity to buy Bitcoin again below $10,000.
Tone Vays, who you follow from Kriptokoin.com, talked about the possibility of a deep correction of Bitcoin before $ 150,000.
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