BTC will reach $79,193 by 2025
Bitcoin Price Prediction: Bitcoin (BTC) will trade flat for the rest of the year. But hang in there. 2025 may see new peaks not reached before.
This is the opinion of a panel of industry experts, pulled together by Finder for their latest BTC price prediction report.
The panel, which consists of 55 fintech and crypto specialists, feels that BTC will be worth $21,344 by the end of the year. This is before it skyrockets to $79,193 in 2025.
Bitcoin Price Prediction: Expert Opinion
Justin Hartzman is the CEO of CoinSmart. He believes BTC will end 2022 at just $17,000. But, he says, that could reach $75,000 by 2025.
“Bitcoin is suffering due to external macro conditions. My price prediction for 2025 will depend on the aftermath of the halving. If macro conditions improve and the regulatory environment improves, BTC price should be able to rise.”
53% of the panel believe Bitcoin’s price will continue to mimic high-growth tech stocks.
Nik Oraevsky is the CEO of Bitcoin Reserve. “BTC has high beta with traditional markets. And traditional markets are in deep trouble. It all depends on fiscal policy and chatter from the Fed next quarter.”
While there has been a broader market decline and Bitcoin dominance has fallen below 40%, 77% of the panel still believe Bitcoin is a store of value.
Is Bitcoin Underpriced?
Ben Ritchie is CEO of Digital Capital Management. He believes that Bitcoin has “institutional demand as a store of value rather than a currency.” He believes BTC will be priced at $30,000 by the end of the year, and it will reach $150,000 by the end of 2025.
Nicolas Van Hoorde is CEO of Delta by eToro. He still considers BTC a store of value. But he says, “Bitcoin has turned out to be less of an escape for inflation” than he originally thought.
Despite the conservative short-term price predictions, 56% of panelists believe BTC is underpriced.
Miles Paschini is CEO of FV Bank. He said, “The fact remains, if you believe in the premise of Bitcoin as a unique, finite supply store of value, then rarity is currently priced in.”
About 19% of experts believe that BTC is overpriced. Mitesh Shah is the CEO of Omnia Markets. He feels Bitcoin will end the year at $16,000 and says there are more downsides to come.
“While Bitcoin has primarily been a store of value during periods of uncertainty, the crypto market is entering unprecedented territory. As global traders capitulate their investments, Bitcoin will experience new lows not reached this year.”
Bitcoin Price Prediction: Competition from ETH
Joseph Raczynski is a technologist and futurist at Thomson Reuters. He feels that Bitcoin is reasonably priced. “BTC is almost being pulled and pushed by ETH now. People are finally recognizing that Ethereum is the real boss of the bunch and BTC is being bounced around in its wake.
54% of the panel believe ETH will eventually overtake Bitcoin by market cap. 29% say it will happen as soon as 2024. However, this view is actually a drop from July 2021. At this point, 68% of panelists expected the “spinning” event to occur.
Lee Smales is Professor of Finance at the University of Western Australia. He believes Bitcoin is overpriced, Smales expects the reversal to happen in 2023. He also feels that BTC’s commitment to proof-of-work (PoW) will slow progress on crypto-energy issues.
“The stock market will fall further before the end of 2022 and BTC will follow it down. BTC will attract more bad publicity to the PoW model now that the ‘merger’ seems to have worked well.”
Yves Longchamp is Head of Research at SEBA Bank. He feels the turnaround will happen in 2024. But he says Bitcoin is underpriced, given its position as “digital gold.”
“Bitcoin and Ethereum are not competing, they have different value propositions.”
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