A panel of crypto experts has predicted that the price of Bitcoin will soar to $ 318,417 by December 2025. The most optimistic expert believes that the price of the cryptocurrency will reach $ 160,000 by the end of the year. Meanwhile, 54% of them believe that hyperbitcoinization will happen by 2050.
Crypto Experts Share Bitcoin Price Prediction
Finder, a major product comparison website, did a study to find out the future prospects of Bitcoin as it grew in popularity. “As awareness of cryptocurrencies spreads, all eyes are on the price of Bitcoin. So we asked our panel of 42 cryptocurrency experts what was in store for the coin, ”the company said last week.
Panelists include crypto asset managers, executives from crypto exchanges and other service providers, crypto analysts, professors and lecturers at universities. Among the various topics discussed was what the price of Bitcoin will be at the end of the year and in a few years. Viewfinder detailed:
Although there may be some price decline in the medium term, the panel predicts that the price of BTC will rise to $ 318,417 by December 2025.
The company added, “This is 61% higher than the panel’s forecast for the end of 2025 in December 2020, but 12% lower than in April.”
Additionally, the panelists predict that Bitcoin price will soar to a whopping $ 4,287,591 per BTC by December 2030. However, the average is skewed by outliers – if we look at the median price prediction, the price prediction for 2030 drops to $ 470,000, ”wrote Finder.
As for the price of Bitcoin at the end of the year, the majority of panelists (61%) said that Bitcoin is currently undervalued and the panel, on average, expected the price of the cryptocurrency to reach $ 66,284 per coin by the end of 2021.
Morpher’s CEO Martin Fröhler was the most optimistic about the Bitcoin price on the panel. With a year-end forecast of $ 160,000 per BTC, he said:
Acceptance by companies and institutional investors, coupled with loose monetary policy and high asset inflation, will push Bitcoin to 6-digit values this year. In the next halving cycle, Bitcoin will increasingly be adopted as legal tender by developing countries, and by 2030, Bitcoin will replace gold as a global reserve asset.
Wave Financial senior trader Justin Chuh gave a below-average price forecast of $ 56,000 for the year-end. Nonetheless, he expressed his confidence in Bitcoin as the “proven safe haven” of digital assets. The trader sees the price of Bitcoin on an uptrend and predicts that BTC will end at $ 210,000 in 2025 and at $ 400,000 in 2030, with events halving and inflation driving the price higher. He said:
Halving events and inflation en route to 2025 and 2030 is likely to trigger the bigger up moves. Prices are likely to be continuously driven by supply and demand, less availability for a wider group of users.
However, not everyone on the panel was so optimistic. The University of Canberra’s senior lecturer, John Hawkins, was one of the most pessimistic on the jury. His year-end forecast was $ 20,000 per bitcoin. The lecturer also believes that countries adopting Bitcoin will actually have a negative impact on the price.
The study also covers when the experts believe hyperbitcoinization will occur. Finder found:
54% of the panel believe that hyperbitcoinization – the moment when bitcoin overtakes global finance – will occur by 2050. 29% believe this will happen as early as 2035, and another 20% by 2040.
The panel includes representatives 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, the University of New South Wales, the City University of Hong Kong and the University of Western Australia.
What do you think the price of Bitcoin will be in 2025 and when do you think hyperbitcoinization will take place? Let us know in the comment section below.
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