Crypto News – According to Finder‘s most recent survey of 40 cryptocurrency innovators, executives, and academics, the future of Bitcoin is bright, with participants expecting a large increase in value by 2030.
Bitcoin Highest Price: In 12 Months, Crypto Industry Expects BTC to Break a Record
The panelists’ collective forecasts indicate that Bitcoin will continue to climb in value, reaching a peak of $77,423 by the end of 2024, $122,688 by 2025, and $366,935 by 2030. In comparison to previous surveys, these estimates show a significant increase in optimism, pointing to the sector’s increasing bullish outlook.
The average prediction is that Bitcoin will conclude 2024 at $77,423, while the panelists’ estimates varied greatly. While more conservative predictions suggest a potential fall from its present price of over $44,000, some predict a surge to over six figures within the year.
Participants’ Opinions on Price Differ
Specialists emphasize a number of significant elements that support their positive perspective. The possibility that Bitcoin will reach $80,000 in 2024 is attributed by Komodo’s CTO, Kadan Stadelmann, to three factors: growing interest from institutional investors and big businesses, the introduction of spot ETFs that will improve market accessibility, and the impending halving event that would lower Bitcoin’s new supply rate. Geopolitical unrest and potential Federal Reserve interest rate cuts are two further factors that may have accelerated the price of Bitcoin, according to CoinFlip chairman and creator Daniel Polotsky.
Some panelists, like John Hawkins of the University of Canberra, are sceptical despite the general bullish outlook. They see Bitcoin as a speculative bubble that may only see short-term gains from new spot ETFs.
If the new spot Bitcoin ETFs are popular, there could be temporary price increase. But in the medium to longer-term, I still regard Bitcoin as a speculative bubble…
And recall, in 2021, similar claims were made about the BTC futures ETFs as are now being made about BTC spot ETFs. Then the Bitcoin price went up for a while but later crashed.
Hawkins
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