Bitcoin’s price is set to rise in 2023, but crypto and fintech experts selected by product comparison web portal finder.com do not believe the major digital asset will break the $30,000 mark this year. Finder’s panel of 56 experts convened to make bitcoin price predictions for 2023, and panelists suggest bitcoin will peak at $29,095 this year.
Experts weigh in on Bitcoin’s future price; will it reach six figures by 2030?
Finder.com conducted anotherreportaimed at predicting the future price of bitcoin with 56 experts originating from the cryptocurrency and financial technology industry. Today, January 24, 2023,Bitcoin (BTC)is trading at just under $23,000 per unit, the highest price since the collapse of the FTX in November 2022. The latestBTCforecast report from finder.com shows a consensus that bitcoin will peak at $29,095 this year. However, the leading crypto asset is also projected to end 2023 at roughly $26,844 per unit.
Additionally, Finder panelists predict a deep plunge to as low as $13,067 per unit, according to Ruadhan O, creator and founder of Seasonal Tokens, due to concerns surrounding centralized entities within the crypto industry. We believe Bitcoin will peak at $27,000 per unit.” The low price is due to the fact that a possible and imminent catastrophe has been factored in.” Ruadhan O told Finder researchers.” By the end of the year, market sentiment will change and the market will rediscover the scarcity of bitcoin after the fear has passed.”
About 21% of panelists expect institutional investors to leave the crypto market for different asset classes this year; about 65% of Finder experts, including Alexander Kuptsikevich, senior market analyst at Fxpro, believe bitcoin is undervalued We believe it is undervalued.” The most active cryptocurrency selling phase is over; 2023 will be a year of cautious price recovery. But the real FOMO market is not likely to come until 2024-2025,” Kuptsikevich remarks.
Finder’s expert predicts a dip in bitcoin value, but sees long-term growth potential
According to Finder’s, 16% of panelists believethat BTCis currently overvalued, but the majority of the 56 panelists believe that bitcoin will be worth much more after the next half-life in 2024. The panel currently predictsthat the value of BTCwill rise to $77,492 in 2025, and by 2030 bitcoin will be in the six-figure zone at $188,451 per coin. senior analyst and editor at Finance Magnates Damian Chmiel predicts that bitcoins will be around $70,000 per coin in 2025.
However, Chmiel argues that two things need to happen: a return of Wall Street excitement about crypto assets and the U.S. Federal Reserve suspending its current tight monetary policy.” The former will not happen without a latte.