According to , Bitcoin (BTC) is expected to reach its highest price by 2025. Finder’s latest Bitcoin price prediction report.
Finder’s panel of 31 crypto and fintech experts predicts, on average, that BTC will end the year at around $30,000, before skyrocketing to $87,000 by the end of 2025. .
Futurist Joseph Radzinski believes Bitcoin will be worth $29,000 by the end of 2023, but he points out that it will reach $80,000 by the end of 2025.[e]At the moment, everything is covered by the SEC BTC ETF. According to Radzinski, if a spot BTC ETF is approved, the price of BTC could double.
Radzinski is part of the majority (60%) of panelists who believe BTC prices will rise significantly if the SEC approves a spot BTC ETF, with 47% believing BTC will reach an all-time high within a year of approval. It states that it will be updated.
A majority of panelists (60%) believe the SEC will approve a spot BTC ETF in 2024. A fifth (20%) of the panel believe it will be approved by the end of the year, while 10% said it will not be approved until 2025. After that, 7% are not sure and 3% think it will not be approved at all.
Mitesh Shah, founder and CEO of Omnia Markets, expects Bitcoin to reach $35,000 by the end of the year and $105,000 by the end of the year. He is among the 20% who think a BTC ETF will be approved by the end of the year.
“There is a growing consensus that the SEC will eventually approve a Bitcoin ETF, making BlackRock’s application the frontrunner. Approval of a Bitcoin ETF would open the floodgates to institutional investors. , the announcement of such an approval is likely to result in an immediate spike in Bitcoin prices.
Damien Schmiel, senior analyst and editor at Finance Magnates, believes BTC will end at $30,000 in 2023 and $50,000 in 2025. In addition to expecting the creation of a BTC ETF in 2024, Chmiel also believes that the upcoming halving event will have a positive impact on the price of BTC.
57% of Finder’s panel expects BTC prices to rise modestly in the months leading up to the halving event, while 30% expect a significant price increase. On the other hand, 10% think the BTC price will go down, and 3% think the price will stay the same.
“Next year’s halving could be the event that shifts the balance of power in Bitcoin’s favor. I believe we will reach that goal,” Schmiel said.
Almost a quarter (23%) of the panel believe Bitcoin will reach all-time highs as early as six months after the halving event. Half of the panel (53%) also predict a new peak for BTC, but argue that it will not be reached until at least a year from now. However, one-fifth (20%) think it is unlikely to reach new all-time highs, and 7% say prices are likely to remain the same or even fall.
Pedro Febrero, VP of RealFevr at Web3, is among the 10% who believe BTC will hit new highs three months after the halving, and halving events are usually followed by a mini-bull market. I claim that.
Seasonal Token creator Ruadan Oh believes BTC will reach $30,000 by the end of the year and $125,000 by 2025. He agrees that BTC could reach a new peak after the halving event, but thinks it’s unlikely to happen at least a year from now:
“The impact of the Bitcoin halving on price has weakened over time for two reasons. One is that the supply of new Bitcoin to the market is increasing over time compared to the existing supply of Bitcoin. has declined over time and is causing the impact that mining has on the market.”Prices will weaken. ”
However, Desmond Marshall, managing director of Rouge International and Rouge Ventures, has a somewhat bearish view on BTC’s long-term future. Marshall predicts a price of $35,000 at the end of 2025, and is part of the 20% who don’t think Bitcoin will hit a new all-time high after the halving.
“The travesty of infighting between the US government, Gary Gensler, and various regulatory agencies is creating active distrust among the public. Rumors of a coming recession may give crypto a bit of a boost. “No, but the uncertainty about whether it will be regulated could cause prices to fall further.”
“BTC remains the most powerful of all cryptocurrencies, so I don’t think the decline will be as severe as other tokens. Due to the halving schedule, its volume should increase a bit, but human sentiment towards US policy Interventions will prevent flights to the moon.”
66% of the entire Finder panel believes now is the time to buy BTC, with 24% holding and 10% selling.
