- The average estimate for Bitcoin’s (BTC) peak price in 2023 by Finder remains consistent with previous estimates, but the year-end estimate has increased by 9% to reach $38,000.
- In a forward-looking panel, an average Bitcoin price prediction of over $100,000 by the end of 2025 and over $280,000 by the end of 2030 is projected.
- Alex Svanevik, CEO of Nansen, predicts that Bitcoin will be valued at $115,000 by the end of 2025 and $260,000 by 2030.
In a recently published report, experts in the cryptocurrency sector have revealed their price predictions for Bitcoin along with their reasons.
Bitcoin Price Predictions from Experts
The average estimate for Bitcoin’s (BTC) peak price in 2023 by Finder remains consistent with previous estimates, but the year-end estimate has increased by 9% to reach $38,000. Joe Raczynski predicts that Bitcoin will end around $40,000 in 2023, slightly higher than the average estimate, due to growing institutional interest and the potential approval of a spot Bitcoin ETF leading to significant investments.
Martin Froehler, CEO of Morpher, believes that Bitcoin is currently undervalued and attributes the year-end estimate of $40,000 to the expected Bitcoin Halving event and ongoing interest rates. Froehler anticipates a significant price increase following the reduction in macroeconomic challenges and the halving event.
In a forward-looking perspective, the panel projects an average Bitcoin price of over $100,000 by the end of 2025 and over $280,000 by the end of 2030. Alex Svanevik, CEO of Nansen, predicts that Bitcoin will be valued at $115,000 by the end of 2025 and $260,000 by 2030, citing high inflation and distrust in institutions as contributing factors.
Ben Ritchie, Managing Director of Digital Capital Management, with a more bullish view, predicts that BTC will be valued at $150,000 in 2025 and $375,000 in 2030. Ritchie focuses on highlighting the versatility of Bitcoin’s usage, stating:
“The usefulness of Bitcoin extends beyond its function as a currency, encompassing the necessary data storage for issuing smart contract tokens and non-fungible tokens. Additionally, its robust security features contribute to investors’ confidence in the security of their Bitcoin assets.”
Experts Expressing Negative Views
Not all panelists share the same level of negative outlook. Kate Baucherel, a digital strategist from Galia Digital, predicts that Bitcoin will remain at its current price level of $30,000 by the end of 2023 and reach $55,000 by 2025. Jeremy Cheah, an assistant professor of decentralized finance at Nottingham Trent University, predicts a more modest estimate of $45,000 per BTC in 2025, pointing to potential lawsuits and tighter market regulations affecting the market.
John Hawkins, a senior lecturer at Canberra University, holds a more negative view, predicting that Bitcoin will only be valued at $20,000 by the end of 2023 and drop to $100 by 2030. Hawkins sees Bitcoin as a speculative bubble and believes that the future lies in central bank digital currencies (CBDCs) rather than decentralized cryptocurrencies like Bitcoin.
In terms of investment strategies, the majority of panelists (59%) recommend buying Bitcoin, 33% recommend holding, and only 7% recommend selling.
