The crypto market looks bullish today as tokens trade in the green. BTC is trying to keep up its upward trajectory by 3.1% trading around $38K, ETH is trading up by 6.2%. The outlook is predicted to be positive as most tokens on the chart are regaining losses today.
The price of bitcoin is expected to peak at over $94K before completing the year at $76K, according to Finder’s panel of 33 fintech experts. Furthermore, the panel predicts that the cryptocurrency’s price will reach $192,800 in 2025 and $406,400 in 2030.
The panel’s BTC price predictions are as follows:
“Bitcoin (BTC) is expected to peak at US$93,717 this year before dropping to $76,360 by the end of 2022 … This is roughly 60% higher than the price of bitcoin at the beginning of 2022.”
The panel of experts also forecasted bitcoin prices for 2025 and 2030. However, their most current expectations are lower than those made in October. The panel predicts that the price of bitcoin will reach $192,800 by the end of 2025, down 7% from their October projection.
The panel predicts that the price of bitcoin will reach $406,400 by the end of 2030, which is a 28 percent decrease from their October projection.
“Potential interest rate hikes might be what’s leading the panel to be more conservative with their predictions compared to back in October,” Finder explains.
While several panelists feel that rising interest rates would severely affect the cryptocurrency market, others, including Finder’s CEO Fred Schebesta, believe that now is the time to acquire BTC.
Also Read: Bitcoin(BTC) To Hit $40K-$41K in Next Few Weeks, Is It The Right Time to Buy?
Cryptocurrencies are proving to be a formidable challenger to the world’s existing financial infrastructure, and many projects have progressed well beyond the theoretical realm of potential value and are now delivering on time.
According to Schebesta, who spoke to the Daily Mail Australia recently, bitcoin’s price will rise to around $105K by the end of the year.
Source: https://coinpedia.org/bitcoin/bitcoin-price-to-hit-93717-in-2022-followed-by-20-drop-by-year-end/