Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. NOTE : Spam and/or promotional messages and comments containing links will be removed.Comments that are written in all caps and contain excessive use of symbols will be removed. Include punctuation and upper and lower cases. Racism, sexism and other forms of discrimination will not be tolerated. Avoid profanity, slander or personal attacks directed at an author or another user. Even negative opinions can be framed positively and diplomatically. Only post material that’s relevant to the topic being discussed.īe respectful. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: It also dropped nearly 20% in a month, while it's up 253% in a year.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. It's up 2% in a day and down nearly 4% in a week. University of Western Australia associate professor Lee Smales and MarketOrders Chief Operating Officer Sukhi Jutla predict BTC to drop to USD 15,000 within the year.Īnd while UCL School of Management associate professor Jean-Philippe Vergne and Trade the Chain research analyst Nicholas Mancini predict BTC to go as low as USD 28,584 and USD 30,000, respectively, they also stated that the miner exodus from China could prove beneficial for the coin.Īmong the factors that could drive BTC's price up are its limited supply, credibility, increasing acceptance by businesses and service provider, media hype, ease of access, and upcoming technological developments.įactors that could hold BTC back include scalability issues, mining concerns as mining becomes more difficult with time, market competition/increasingly crowded market, increased regulation, lack of adoption, community disagreements about changes and upgrades, and negative media stories.Īmong other findings, the report noted that 62% of the panellists sad that they don't think we are entering a bear market, 17% said that we are, while 21% are unsure.Īn equal number of panellists said that BTC will and that it will not become the most common form of currency in developing nations (33%), while another 21% said that it will, but much later down the line, not within the next decade.ĥ4% of the panel also estimates that hyperbitcoinization - the moment that Bitcoin overtakes global finance - will happen by 2050, while 44% don't expect it to ever occur.Īt 8:14 UTC, BTC is trading at USD 32,577. Prices are likely to be continuously driven by supply and demand, less availability for a wider group of users."Īs to how low they expect BTC to fall in this cycle before prices start to increase, Finder found that the panel expects BTC to drop as low as USD 25,112, which is an average of forecasts from 23 panellists who answered this question. Per Chuh, "halving events and inflation along the way to 20 will likely trigger the larger upside moves. Justin Chuh, Senior Trader at Wave Financial, for example, said that BTC will be on an upward trend, ending 2025 at USD 210,0 at USD 400,000.
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Still, by December of 2021, the price of BTC will have surpassed its latest all-time high (ATH) of around USD 65,000 and will have hit USD 66,284.īy December 2025 the median price prediction shows that BTC might go up to USD 318,417 - 61% higher than their prediction made in December 2020, but 12% lower than that made in April. Source: Adobe/STEKLO_KRDĪuthors Madeleine Gracie and Tim Falk said that they asked a "panel of 42 cryptocurrency experts what’s in store for the coin." It includes Coinmama CEO Sagi Bakshi, BitBull Capital CEO Sarah Bergstrand, Digital Capital Management Managing Director Ben Ritchie, CryptoCompare Director James Harris, CoinGecko Co-founder Bobby Ong, Morgan Creek Digital General Partner Xavier Segura, Lecturer in Law at University of Liverpool Matthew Shillito, and others.Īccording to these panellists, some medium-term drop in price may happen. Though there are some more pessimistic outlooks, such as BTC dropping to USD 100. By the end of this year, bitcoin (BTC) may hit the USD 66,000 level, as well as rise above USD 400,000 by the end of 2030, according to the median price prediction by 42 industry players, surveyed by a comparison platform and information service Finder.