Bitcoin could set a new ATH at around $94K this year and reach more than $400K in 2030
The panel also predicted that the crypto will continue to soar higher and eventually hit $406,400 by the end of 2030.
Mon, 31 Jan 2022, 15:41 pm UTC
While Bitcoin has been struggling since the start of 2022, 33 fintech specialists from Finder remain bullish on the crypto’s price potential. In fact, they predict that BTC could rise to as high as $94,000 this year and will continue to do so until it reaches more than $400,000 by 2030.
On Wednesday, product comparison website Finder published an updated Bitcoin price prediction. “We also asked a panel of 33 industry experts in early January for their thoughts on how Bitcoin will perform over the next decade,” Finder wrote.
Despite Bitcoin trading below $40,000 at the moment, the panel believes that BTC is on track to set a new all-time high near $100,000 this year. While the crypto will retract after setting this new ATH, the panel expects Bitcoin to trade above $70,000 by the end of this year.
“Bitcoin (BTC) is expected to peak at US$93,717 this year before dropping to $76,360 by the end of 2022, according to Finder's panel of 33 fintech specialists,” the report stated. “This is roughly 60% higher than the price of Bitcoin at the beginning of 2022.”
In the latest update, the panel predicted that Bitcoin will continue to go higher and will trade at around $192,800 by the end of 2025. However, this is 7 percent lower than their October forecast of $206,351.
The panel also predicted that the crypto will continue to soar higher and eventually hit $406,400 by the end of 2030. Again, the latest BTC price prediction for 2030 is 28 percent lower than their October forecast of $567,472.
“Potential interest rate hikes might be what's leading the panel to be more conservative with their predictions compared to back in October,” Finder’s report explained. “Several panelists, including the Panxora Group CEO Gavin Smith who gave an end-of-2022 prediction of $70,000, think that increasing interest rates will negatively impact the cryptocurrency market.”
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