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A panel of crypto experts has predicted that the price of bitcoin will reach $ 318,417 by December 2025. The most optimistic expert estimates that the price of the cryptocurrency will reach $ 160,000 by the end of the year. ‘year. Meanwhile, 54% of them believe hyperbitcoinization will happen by 2050.
Crypto Experts Share Bitcoin Price Prediction
Finder, a leading product comparison website, conducted a study to learn about the future of bitcoin as its popularity increases. “As cryptocurrency awareness continues to spread, all eyes are on the price of bitcoin. So we asked our panel of 42 cryptocurrency experts what the coin has in store, ”the company explained last week.
Panelists include crypto asset managers, crypto exchange executives and other service providers, crypto analysts, professors and lecturers at universities. Among the various topics discussed is the price of bitcoin at the end of the year and in a few years. Detailed Finder:
While there may be some price depreciation in the medium term, the panel predicts that by December 2025, the price of BTC will reach $ 318,417.
The company added: “That’s 61% more than the panel’s forecast at the end of 2025 in December 2020, but 12% lower than in April.”
Additionally, the “panelists predict that by December 2030, the price of bitcoin will reach $ 4,287,591 per BTC. However, the average is skewed by outliers – when we look at the median price prediction, the 2030 price prediction drops to $ 470,000, ”Finder wrote.
As for the price of bitcoin at the end of the year, the majority of panelists (61%) said bitcoin is currently undervalued and on average the panel expected the price of cryptocurrency to be at the end of 2021 reaches $ 66,284 per coin. .
Morpher CEO Martin Fröhler was the most bullish on the price of bitcoin on the panel. With a year-end forecast of $ 160,000 per BTC, he said:
Adoption by businesses and institutional investors, coupled with loose monetary policy and high asset inflation, will propel bitcoin to 6 digits before the end of this year. The next halving cycle will see the increased adoption of bitcoin as legal tender by developing countries, and until 2030, bitcoin will have replaced gold as a global reserve asset.
Wave Financial senior trader Justin Chuh gave a below-average price forecast of $ 56,000 for the end of the year. Nonetheless, he expressed confidence in bitcoin as a “safe and proven haven” for digital assets. The trader sees the price of bitcoin on an uptrend, predicting that BTC will end 2025 at $ 210,000 and 2030 at $ 400,000, with half events and inflation pushing the price higher. He said:
Halving events and inflation by 2025 and 2030 will likely trigger the biggest bullish moves. Prices are likely to be continuously determined by supply and demand, with less availability for a larger group of users.
However, not all panelists were so optimistic. University of Canberra lecturer John Hawkins was among the most bearish in the panel. His year-end prediction was $ 20,000 per bitcoin. The speaker also believes that countries adopting bitcoin will actually have a negative impact on its price.
The study also covers when experts believe hyperbitcoinization will occur. Finder found:
54% of the panel believe that hyperbitcoinization – the moment when bitcoin overtakes global finance – will happen by 2050. 29% believe it will happen as early as 2035 and a further 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, 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 hyperbitcoinization will occur? Let us know in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons
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