Future Bitcoin Price Prediction from Expert Panel: Bitcoin could exceed $ 66,000 in 2021 and $ 400,000 in 2030
Bitcoin futures price forecasts by the panel of experts show: Bitcoin (BTC) could reach USD 66,000 by the end of this year and rise to over USD 400,000 by the end of 2030, according to the 42-year average price projections, collected by a comparison platform and a search engine information service. However, there are also some more pessimistic predictions, such as BTC dropping to $ 100.
Future forecast for Bitcoin from the expert panel: Bitcoin could exceed $ 66,000 in 2021 and $ 400,000 in 2030 cross
According to the latest cryptonew news, writers Madeleine Gracie and Tim Falk say they asked “advice from 42 crypto experts what is ready for this coin”. These include Coinmama CEO Sagi Bakshi, BitBull Capital CEO Sarah Bergstrand, Digital Capital Management CEO Ben Ritchie, CryptoCompare Director James Harris, CoinGecko co-founder Bobby Ong, Morgan Creek Digital General Partner Xavier Segura, law professor at the University of Liverpool Matthew Shillito and others .
In the opinion of these panelists, too, a medium-term price decline is possible. However, in December 2021, the BTC price will surpass its all-time high, most recently around USD 65,000, to reach USD 66,284.
In December 2025, the median price forecast suggests that BTC could rise to $ 318,417 – 61% higher than its December 2020 forecast, but 12% below the proposed level in April.
Justin Chuh, senior trader at Wave Financial, for example, said that BTC will trend higher, ending at $ 210,000 in 2025 and at $ 400,000 in 2030.
According to Chuh, “a halving of events and inflation over the course of 2025 and 2030 is likely to trigger larger price movements. The prices can be constantly determined by supply and demand, which are less accessible to a broader group of users. “
Similarly, ZebPay Co-CEO Avinash Shekhar argues that higher adoption rates will put pressure on prices:
“Currently, the general acceptance of Bitcoin contributes to a small percentage of the world’s population. The increasing adoption will have an impact on the popularity and usefulness of Bitcoin. It would be unfair to value Bitcoin against Fiat if this happens, and therefore Bitcoin will have intrinsic value of its own in the future. “
More than half of the panel, or 55%, said now is the time to buy BTC. 38% said hodl and only 7% said to sell.
In the Buy group is the University of Saskatchewan’s PhD student Ajay Shrestha who estimates that BTC will be worth $ 50,000 by the end of the year but will also grow to $ 300,000 by the end of 2030.
However, Senior Lecturer at Brighton Business School Paul Levy argues that there will be “a steady but not steep increase” over the next decade and that increase will not change significantly from BTC’s most recent ATH.
Meanwhile, an associate professor at the University of New South Wales, Elvira Sojli, says “sell”. She predicts that BTC will only be worth $ 100 by the end of 2030.
Bitcoin Futures Price Prediction From Expert Panel: How Low Can Bitcoin Go Before It Goes Up?
How far do they expect BTC to go down this cycle before the price begins to go up, Finder noted that the panel expects BTC to go all the way down to $ 25,112, which is the average forecast of 23 workshop attendees to answer this question.
Lee Smales, associate professor at the University of Western Australia and Sukhi Jutla, CEO of MarketOrders, predict that BTC will drop to $ 15,000 this year.
And while associate professor Jean-Philippe Vergne and Trade the Chain research analyst Nicholas Mancini are forecasting BTC at just $ 28,584 and $ 30,000, respectively, they also claim miners are leaving China. The states can prove advantages for this currency.
Factors that can cause the price of BTC to spike include limited supply, reliability, increasing corporate and service provider adoption, media hype, ease of use, and upcoming technological developments.
Factors that can hinder BTC include scalability issues, mining concerns as mining becomes more difficult over time, increasingly crowded market / market competition, increased regulation, lack of acceptance, disagreement in the community about changes and upgrades, and negative media reports .
Among other things, the report notes that 62% of panelists are upset that they don’t believe we are entering a bear market, 17% say we are, while 21% are unsure.
An equal number of panellists said BTC will not become the most popular currency in developing countries (33%), while another 21% said it will not, but belatedly, within the next decade. .
54% of the panel also estimated that hyperbitcoinization – the time when Bitcoin overtakes global finance – will happen by 2050, while 44% do not expect it to.
At 8:14 UTC, BTC is trading at $ 32,577. It increased 2% in one day and decreased nearly 4% in a week. It’s also decreased nearly 20% in a month while it increased 253% in a year.
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