Forecast by Experts at Finder Suggests Bitcoin Could Ascend to $87,000 by 2025, Stabilizing at $30,000 by Year’s End

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Bitcoin, distinguished as the preeminent digital asset by market capitalization, has garnered significant notice in the sphere of virtual currencies. Its resilience and dominant market position are evident. Presently, its valuation stands marginally below the $34,000 level. A recent prognostication document issued by Finder.com illuminates forthcoming trends, as interpreted by professionals in the field.

Thirty-One Financial Technology and Cryptocurrency Authorities Offer Projections on Bitcoin’s Price Evolution

The study, titled “Bitcoin to Ascend to $87,000 by 2025,” furnishes a comprehensive analysis of the likely future price movements of Bitcoin. This study amalgamates the viewpoints of 31 specialized panelists from the industry. Within this framework, discussions occur about the likelihood of an approval for a spot Bitcoin exchange-traded fund (ETF). Notably, 47% of the panelists opine that such a regulatory sanction could propel Bitcoin to hitherto unachieved price levels. Additionally, close to 60% of respondents expect an approval of a spot Bitcoin ETF by the year 2024.

Besides projecting a valuation of $87,125 for Bitcoin in 2025, Finder’s experts also forecast that BTC will reach $220,708 by the year 2030.

The general agreement among the polled experts indicates that Bitcoin will end the year 2023 at a price of $30,000 per unit. They expect it to exceed its previous peak of $69,000, reaching a value of $87,000 by 2025. Mitesh Shah, founder of Omnia Markets, speculates that BTC will terminate the current year at $35,000, and ascend to $105,000 by 2025. Shah is among the 20% of respondents who predict a spot Bitcoin ETF will be approved this year. “The increasing likelihood of the SEC granting approval for a Bitcoin ETF, with Blackrock’s application appearing most promising, is becoming more apparent,” Shah remarked.

Further Remarks by Omnia’s CEO:

Any approval of a Bitcoin ETF is likely to serve as a catalyst for institutional investments. The proclamation of such an approval would almost certainly induce an immediate surge in the price of Bitcoin.

Significantly, Finder’s experts identify the impending 2024 Bitcoin halving event as a pivotal milestone in Bitcoin’s history. Fifty-seven percent expect a modest price increase leading up to the event, aligning with historical data that usually indicates price gains following previous halvings. This is attributed to the reduced rate of new Bitcoin issuance. Damian Chmiel, senior analyst and editor at Finance Magnates, projects that Bitcoin will stabilize at $30,000 this year and advance to $50,000 by 2025.

Chmiel articulates, “The forthcoming halving could serve as a catalyst, shifting the power dynamics in Bitcoin’s favor. I continue to maintain that the digital currency will ultimately establish new peak values and breach the six-figure threshold.” While 57% anticipate moderate growth leading up to the halving, 30% expect a more pronounced ascent, and 3% predict no change in price before the event occurs. The report further examines Bitcoin’s global ramifications, emphasizing its leadership role and its bearing on the wider financial ecosystem.

Desmond Marshall, managing director at Rouge International and Rouge Ventures, harbors a less sanguine perspective than many of his peers. He attributes his pessimistic outlook to intensified regulatory scrutiny from SEC chairman Gary Gensler and “unsubstantiated recessionary whispers.” He envisages Bitcoin’s valuation to be $35,000 by 2025, reflecting its price behavior over the past week.

Marshall opines, “Bitcoin remains the most robust cryptocurrency, so any downward movement will likely be less severe compared to other digital tokens. While the halving event could offer some uplift, the potentially restrictive U.S. policies could hamper significant upward trajectories.”

In a departure from earlier forecasts, the current report from Finder assumes a more restrained outlook than those released last year, which had predicted six-figure valuations for Bitcoin. In summary, 66% of Finder’s panel of 31 financial technology and cryptocurrency experts think that now is an opportune moment to buy Bitcoin, whereas 24% suggest holding existing investments. About 10% of the experts advise selling Bitcoin at this time.

What are your impressions of Finder’s most recent Bitcoin price prediction report? We invite you to share your viewpoints and analyses on this topic in the comment section below.

Frequently Asked Questions (FAQs) about Bitcoin price forecast

More about Bitcoin price forecast

• Finder’s Original Bitcoin Price Prediction Report
• Bitcoin Exchange-Traded Funds (ETFs) Explained
• Bitcoin Halving Events: An Overview
• SEC and Cryptocurrency Regulations
• Historical Bitcoin Price Data
• Blackrock’s Involvement in Crypto
• Financial Market Trends
• Understanding Cryptocurrency Valuations
• Overview of U.S. Financial Regulations