Leading economists and financial experts predict that Bitcoin (BTC), the world’s largest cryptocurrency, will experience significant price growth by 2025.
Respondents expect Bitcoin’s price to rise to an average price of more than $87,000 by 2025 and $220,000 by 2030, according to a report published Oct. 25 by Frank Corva for Finder.
Interestingly, these prices are lower than those resulting from a similar report in July, of around $100,000 and $289,000 respectively.
The financial experts surveyed forecast BTC at $30,463 by the end of 2023, which would result in losses of 11% from current prices at $34,260 on October 26.
The bullish outlook is driven by factors such as wider institutional adoption, technological advances and a growing understanding and recognition of digital assets in the traditional financial sector. Experts cite Bitcoin’s increasing mainstream integration and the advancement of network technology for their positive predictions, contributing to its wide adoption and greater market stability.
Bitcoin price predictions for 2023
Among the panel of financial specialists, 14 out of 30 believe that the lowest price that Bitcoin could reach by the end of 2023 is between $22,500 and $25,000, while 9 out of 30 believe that BTC could trade as low as $17,500 until the end of the year.
On the other hand, 13 out of 30 respondents do not believe Bitcoin will trade above the $30,000 mark as its highest price, while 7 out of 30 see the leading cryptocurrency breaking out and the psychological resistance of $35,000 for the rest of this time withhold year.
Nevertheless, almost half of the financial experts believe that Bitcoin is either trading at a discount (47%) or at its fair value (43%), while only 10% think that BTC may be overpriced at the time of publication.
Despite these differing views, the data suggests that the majority of experts are positive about Bitcoin’s growth in the longer term. According to Finder’s study, more than three-quarters of respondents believe now is the time to buy Bitcoin.
However, this optimism does not diminish ongoing concerns about Bitcoin’s structural weaknesses and macroeconomic challenges. Volatility, regulatory uncertainty, economic recessions, and underlying technological issues such as scalability are recognized barriers that could hinder Bitcoin’s growth trajectory.
“We live in highly unpredictable geopolitical and economic conditions where a recession is still a material risk, forecasting in the current macroeconomic landscape is a challenge, and anyone who pretends otherwise is probably hopelessly overconfident.”
– Pav Hundal, Chief Market Analyst at Swyftx
Bitcoin price predictions for 2025
The study highlights that Bitcoin’s future potential is considerable, and the experts mostly look at two relevant events: A mock Bitcoin ETF approval by the SEC and Bitcoin’s block subsidy halving by April 2024. Both events could lead to higher prices for BTC, according to Finder’s respondents.
However, not all panelists were so positive about the halving:
“The effect of Bitcoin’s halvings on the price has weakened over time for two reasons. One is that the supply of new Bitcoins to the market becomes smaller over time compared to the existing supply of Bitcoins, causing the influence of mining on the price to weaken. The other reason is that, when the market capitalization [of Bitcoin] reaches trillions of dollars, it is a significant fraction of the size of the world economy, limiting the scope for further growth.”
– Ruadhan O, creator of Seasonal Tokens
Interestingly, 4 out of 5 analysts believe that the spot Bitcoin ETF will be approved by the end of 2024. Moreover, 60% agree that this event will cause BTC price to rise by 2025, while 47% are highly optimistic, predicting that the leading cryptocurrency will break its current all-time high earlier than by the end of 2025 if it happens .
Finally, while the majority of experts believe in Bitcoin’s price escalation after 2025, the cryptocurrency’s inherent volatility must be remembered. As with all investments, potential investors are advised to do their research and exercise caution.
Disclaimer: The content on this website should not be considered investment advice. Investing is speculative. When you invest, your capital is at risk.
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