Home Bitcoin News Bitcoin Price Predictions Soar: Experts Bullish on BTC’s Future

Bitcoin Price Predictions Soar: Experts Bullish on BTC’s Future

In a recent survey conducted by Finder, a consensus among 40 crypto founders, executives, and educators reveals a robust optimism surrounding Bitcoin’s future trajectory. Projections suggest a bullish outlook, with experts anticipating substantial value increases for the leading cryptocurrency by 2030.

The survey indicates a surge in bullish sentiment compared to previous assessments, with respondents projecting Bitcoin’s value to climb to $77,423 by the end of 2024, reaching $122,688 by 2025, and soaring to $366,935 by 2030. This notable uptick in optimism underscores the growing confidence within the crypto sector regarding Bitcoin’s long-term prospects.

Diverse perspectives among panelists highlight various factors contributing to this positive outlook. Kadan Stadelmann, CTO of Komodo, cites increasing interest from major companies and institutional investors, along with the approval of spot ETFs and the anticipated halving event, as key drivers for Bitcoin’s potential surge to $80,000 in 2024. Daniel Polotsky, founder and chairman of CoinFlip, identifies potential interest rate cuts by the Federal Reserve and geopolitical instability as additional catalysts for Bitcoin’s price increase.

However, skepticism persists among some experts, with concerns raised about Bitcoin’s status as a speculative bubble. John Hawkins of the University of Canberra warns of temporary gains from new spot ETFs, drawing parallels to past instances of market volatility.

Despite varying projections, the consensus points to a potential peak of $87,875 by the end of 2024, with some even suggesting highs of $200,000. Conversely, more conservative estimates predict values as low as $35,734, with potential drops to $20,000. Voices like Henry Robinson of Decimal Digital Currency and Shubham Munde of Market Research Future foresee a surge to around $115,000 to $120,000, driven by factors such as limited supply and increasing demand.

Opinions on the best course of action for Bitcoin investors diverge, with some advocating for purchasing at current prices while others advise caution. Jason Lau of OKX emphasizes the significance of ETF approval and growing adoption, foreseeing a bright long-term outlook. In contrast, Jeremy Cheah of Nottingham Trent University predicts a modest correction and advises restraint.

Over half of the panelists view Bitcoin’s current valuation as underpriced, presenting a favorable buying opportunity. Factors contributing to Bitcoin’s recent price increase include ETF approvals, halving anticipation, and growing institutional investment. Looking ahead, over 50% of experts believe the 2024 halving could trigger the next major crypto bull run, supported by regulatory approvals and evolving market narratives.

Opinions on the best course of action for Bitcoin investors are mixed. Jason Lau of OKX emphasizes the significance of ETF approval and growing adoption, suggesting a bright long-term outlook. In contrast, Jeremy Cheah of Nottingham Trent University advises caution, predicting a modest correction.

When assessing Bitcoin’s current valuation, over half of the panelists view it as underpriced, indicating a favorable buying opportunity. The panel also explores the factors behind Bitcoin’s recent price increase, attributing it to ETF approvals, halving anticipation, and growing institutional investment.

Looking forward, over 50% of experts believe the 2024 halving could trigger the next major crypto bull run, supported by a mix of regulatory approvals, macroeconomic factors, and evolving market narratives. Consensus on a new all-time high timeline settled around October 2024, with 78% expecting a new all-time high within 12 months.

Consensus among experts settles on a new all-time high timeline around October 2024, with 78% expecting Bitcoin to breach $69,000 again within 12 months.

Overall, Finder’s survey paints a predominantly optimistic picture of Bitcoin’s future, highlighting substantial growth potential supported by regulatory developments, market dynamics, and the cyclical nature of halving events.

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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