After a promising start to the year, Bitcoin’s (BTC) price has fluctuated between $27,000 and $31,000 over the past month, generating intense discussion among crypto enthusiasts.
As the market approaches a critical juncture, a number of experts have been consulted for their opinions on the situation.
According to a Finder study, 32 fintech and crypto experts were asked to predict the price of BTC at the end of the year, indicating that the asset is expected to perform favorably.
According to the results revealed with Finbold, the experts predict that Bitcoin’s price will rise throughout the remainder of the year, although it will not approach its all-time high of over $69,000. In fact, according to a survey of finance experts, Bitcoin could reach its zenith in 2023 at $35,459.
In addition, the experts surveyed have made a number of noteworthy predictions regarding Bitcoin’s future performance. They forecast that the price of Bitcoin will reach $99,781 by 2025 and $297,848 by 2030, representing a 29% and 58% increase, respectively, over the predictions made by the panelists in January 2023.
According to the results of a recent study, experts anticipate that the price of Bitcoin will continue to soar in the near and medium future.
According to the polled panelists, the highest price of Bitcoin will be about $42,225 in 2023, with some experts predicting that it might even exceed $50,000. However, some of the experts on the panel believe that Bitcoin’s price could drop to $15,000 or even lower by the end of 2023, putting the average price at $17,026.
Damian Chmiel, senior analyst, and editor at Finance Magnates, opines that a Bitcoin price increase is highly probable in the short to medium term.
“An increase to $50,000 seems less like a bold forecast and more like a formality,” Chmiel said. The current financial crisis has shown that Bitcoin may be a refuge during times of instability. The sooner this is grasped by a greater number of individuals, the sooner we will see higher values on the BTC chart.”
Director of Digital Capital Management AU Ben Ritchie stated: “Depending on market reactions to the government’s response to current global challenges, Bitcoin’s value could fall as low as $12,000 or rise as high as $48,000.”
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