There has been a survey among crypto experts about the price of Bitcoin. That prediction indicates that the currency will rise enormously.
Finder, which is a large and well-known product comparison website, has conducted a survey among crypto experts about the value of the coin. Almost all panelists are positive about the future of Bitcoin.
Bitcoin will rise
The panel has predicted that the price of Bitcoin will rise to $318,417 by December 2025. The panelists include crypto asset managers, executives of crypto exchanges and other service providers, crypto analysts, university professors and lecturers. Of the panel, 54% of them think that ‘hyperbitcoinization’ will take place in 2050. So we have to wait for that for a while.
Finder has it research As awareness of cryptocurrencies continues to spread, all eyes are on Bitcoin’s price. So they asked a panel of 42 cryptocurrency experts what the coin has in store.
While there may be a price drop in the medium term, the panel predicts that by December 2025 the price of the coin will rise to $318,417. The company added: “This is 61% higher than the panel’s forecast for the end of 2025 in December 2020, but 12% lower than that in April.”
Short-term
The question of what the price of the digital currency will do in the short term has also been asked. A 60% majority said Bitcoin is currently undervalued. The panel expects the price of the cryptocurrency to reach $66,284 per coin by the end of 2021. Opinions on this are divided within the panel.
Morpher CEO Martin Fröhler was the most optimistic about Bitcoin’s price on the panel. With a year-end forecast of $160,000 per Bitcoin. University of Canberra senior lecturer John Hawkins was one of the most bearish on the panel. His prediction for the end of the year was $20,000 per Bitcoin.
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