The price of bitcoin is expected to rise in 2023, but crypto and fintech experts chosen by product comparison website finder.com do not believe the leading digital asset will exceed the $30,000 range this year. Finder’s panel of 56 specialists gathered to give their bitcoin price forecast for 2023, with the panelists suggesting bitcoin will top out at $29,095 this year.
Experts weigh in on Bitcoin’s future price: Will it hit six-digit prices by 2030?
Finder.com has made another report which aims to predict the future price of bitcoin with 56 experts from the cryptocurrency and financial technology industry. Today, January 24, 2023, Bitcoin (BTC) is changing hands for just under $23,000 a unit, and it’s the highest price since FTX crashed in November 2022. The latest BTC The predictions report published by finder.com indicates that the consensus is that Bitcoin will peak at $29,095 this year. However, the leading crypto asset is also anticipated to end 2023 at approximately $26,844 per unit.
Additionally, Finder panelists expect a deep drop to as low as $13,067 per unit. Ruadhan O, the creator and founder of Seasonal Tokens, believes that Bitcoin will top out at $27,000 per unit due to concerns surrounding centralized entities within the cryptocurrency industry. “The price is low because possible imminent catastrophes are being discounted,” Ruadhan O told Finder researchers. “By the end of the year, market sentiment will have changed, and once the fear is gone, the market will rediscover the scarcity of bitcoin.”
About 21% of the panelists expect institutional investors to abandon the crypto market for different asset classes this year. Approximately 65% of Finder experts, including Alexander Kuptsikevich, the senior market analyst at Fxpro, believe that Bitcoin is priced low. “The phase of the most active cryptocurrency liquidation has ended. 2023 will be a year of careful price recovery. However, a real FOMO market is unlikely to arrive until 2024-2025,” Kuptsikevich commented.
Finder experts predict a drop in Bitcoin’s value, but see long-term growth potential
Finder says that 16% of panelists believe BTC it is currently overvalued, but a large majority of the 56 panelists believe that bitcoin’s value will be much higher after the next halving in 2024. The panel currently predicts BTCBitcoin’s value will rise to $77,492 in 2025, and by 2030 Bitcoin will be in the six-digit zone at $188,451 per coin. Damian Chmiel, a senior analyst and editor at Finance Magnates, predicts that Bitcoin will cost around $70,000 per unit by 2025.
However, Chmiel insists that two things must happen: the return of Wall Street enthusiasm towards crypto assets and the suspension of the current tightening policy by the US Federal Reserve. “The former will not happen without the latter, and for now we have to wait patiently,” Chmiel explained. “In the long term, however, I think Bitcoin will become a popular choice among traders,” added the senior analyst at Finance Magnates.
Finder’s latest forecast from the assembled experts is very different from the January 2022 predictions. Last year, around this time, Finder surveyed 33 crypto and fintech specialists and the group predicted BTC it would end 2022 at $94,000 per unit. On December 31, 2022, BTC ended the year at $16,544 per unit before entering 2023. Finder experts met in October 2022, with a whole new perspective that predicted BTC it would end 2022 at $21,000 per unit. It’s safe to say that Finder’s crypto and fintech specialists are much less optimistic during the crypto winter and current macroeconomic conditions.
You can check out Finder’s bitcoin price prediction report in its entirety here.
What do you think of the experts’ predictions about the future price of bitcoin? Do you agree or disagree with the projected maximum and minimum prices for 2023 and beyond? Share your thoughts and opinions in the comments below.
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