The Australian financial services company – Finder – conducted two surveys among its high-profile specialists to determine their expectations of bitcoin’s future price.
The experts predicted that the leading digital asset will trade at approximately $21,300 by the end of the year. They are quite bullish on the long-term valuation, expecting it to surge to nearly $80,000 by 2025 and around $270,000 by 2030.
Finder Sees BTC Rallying Towards $300K
The firm’s panel of fintech specialists does not think BTC will experience considerable price swings in the following months, predicting it will close the year at approximately $21,300. Still, compared to current valuations, this represents an 11% increase.
“The panel’s end-of-2022 prediction of $21,344 in October sits lower than the $25,473 prediction in July as well as the $65,185 prediction back in April 2022 and $76,360 in January 2022.
However, while the current predictions are lower than previous reports, the panel still expects a similar upward trajectory for the price of Bitcoin, only starting from a lower base,” Finder stated.
The firm’s experts are much more bullish on bitcoin’s long-term price. In their view, it might surge to $79,193 by 2025 and skyrocket to $270,722 by 2030. It is worth mentioning that Finder’s 2021 survey estimated an even brighter future for the asset:
“One year ago, the panel predicted BTC closing out 2025 at around $206,351 and 2030 at $567,472 – a far cry from the predictions of roughly $79,193 and $270,722 in the October 2022 report.”
77% of the respondents still believe bitcoin serves as a store of value. Among those is Serhii Zhdanov – CEO of EXMO – who is optimistic it could hit $1,000,000 by 2030.
“Nothing fundamentally has changed for Bitcoin, it’s a global capital crisis, and Bitcoin is affected in the short term but will recover; a lot of other financial assets will not,” he added.
According to angel investor – Veronica Mihai – BTC could head north only if it decouples from traditional stock markets. She argued that until then, it will stay in the spotlight of global regulators.
Despite the bear market and the ongoing economic turbulence, only 10% of the panelists think now is an appropriate time for investors to sell their BTC holdings. 46% believe people should increase their exposure, while 44% advised them to HODL.
Could Ethereum Surpass Bitcoin?
A considerable chunk of the polled experts said “The Merge” will be highly beneficial for ETH’s price advancement in the future. 54% think the blockchain protocol could even overtake bitcoin’s market capitalization sometime in the future. Only 6%, though, see this happening next year.
Pedro Febrero – VP of Web3 at RealFevr – predicted that ether will surpass its rival in 2025. Nonetheless, he expects BTC to remain a valuable asset, outperforming most alternative coins:
“Bitcoin is still the largest cryptocurrency, with the largest market cap and price. Therefore, even though it most likely will lose dominance versus other cryptos, it will still overperform most non-crypto assets. Having the least volatility of all the cryptos could perhaps prove a reason for new players to buy into BTC.”
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