Finders panel of 33 fintech specialists has forecasted that the price of bitcoin will peak at about $94K before ending the year above $76K. In addition, the panel expects the price of the cryptocurrency to reach $192,800 in 2025 and $406,400 in 2030.
Finder, a major product comparison website, published an updated bitcoin price prediction Wednesday for 2022 by Finders panel of 33 fintech specialists.
According to the panels BTC price forecasts:
Bitcoin (BTC) is expected to peak at US$93,717 this year before dropping to $76,360 by the end of 2022 This is roughly 60% higher than the price of bitcoin at the beginning of 2022.
The panel of specialists also predicted the price of bitcoin for 2025 and 2030. However, their most recent predictions are lower than their October forecasts. At the time of writing, the price of bitcoin is $36,311.13 based on data from Bitcoin.com Markets.
By the end of 2025, the panel believes that the price of bitcoin will reach $192,800, which is 7% lower than their October forecast.
As for the end of 2030, the panel expects the price of bitcoin to reach $406,400, which is 28% lower than their October forecast.
Finder explained:
Potential interest rate hikes might be whats leading the panel to be more conservative with their predictions compared to back in October.
While the Fed did not raise interest rates at its most recent meeting, the market expects the central bank to raise interest rates several times this year. Investment bank JPMorgan, for example, expects four rate hikes this year.
While several panelists said that increasing interest rates will negatively impact the cryptocurrency market, some believe that it is time to buy BTC, including Finders founder, Fred Schebesta.
He said:
Cryptocurrencies are proving to be a staple competitor to the traditional financial infrastructure of the world, and many projects are now well beyond the theoretical realm of potential value and into reliable delivery.
One powerfully unique aspect of the cryptocurrency landscape is that there are now a number of decentralized finance (defi) platforms that provide access to highly competitive funding, and these offerings are showing zero signs of slowing down, he further opined.
Schebesta personally expects bitcoins price to surge to about $105K by the end of the year, he recently told Daily Mail Australia.
What do you think about the predictions by Finders experts? Let us know in the comments section below.
A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.
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