Bitcoin could reach the price of $14,000 by the end of the year, and $150,000 by 2025. This is what the participants of the panel organized by Finder, a company whose aim is to study savings or profit solutions.
The panel brought together 30 experts from the world of cryptocurrency, from university professors to CEOs of companies in the sector.
The forecasts drawn up in reality are the average of the opinions of those consulted.
Bitcoin price forecasts
According to James Putra, head of product at TradeStation Crypto, Bitcoin will reach $60,000 by the end of the year. His optimism is motivated by the fact that it is becoming increasingly easy to invest, even for the so-called “retail”.
Alongside other upward predictions, there are actually panel members who believe that Bitcoin could soon fall below $10,000.
This is the opinion of:
- Gavin Smith, managing partner at hedge fund Panxora DeFi;
- Desmond Marshall, managing director of Rouge International;
- Vishal Shah, CEO of Alpha5; Adel de Meyer, DAPS coin co-founder;
- John Hawkins, senior lecturer at the University of Canberra.
According to Vishal Shah, Bitcoin is underperforming and is not behaving like other assets.
“It’s in the same box as DXY when it comes to the confusions created by easy-money policies and its effect(s) on assets. In this instance, anyone that is still trumpeting this macro thesis should be worried, as it’s not playing out.”
Bitcoin around $150,000
The panel members also analyzed what the price of Bitcoin could be in 2025. The average response brings the value of BTC to $148,025, an increase of 3,000%!
In reality this data is “distorted” by one of the participants, who assumed a price of 2 million dollars. If we remove this value, the price of BTC would be 67.505 dollars.
Bilal Hammoud, CEO of NDAX Inc., assumed a value of $150,000 and so he explained his optimism:
“Major countries, banks and corporations are starting to invest heavily into Bitcoin as a safe haven and store of value. This trend will only accelerate in the next couple years as we approach the next halving. With only 3M liquid bitcoins, demand will continue to outperform supply and price will adjust accordingly”.
In fact, not all panel members are optimistic. For Paul Levy, of the University of Brighton, Bitcoin will be worth $15,000 in 5 years, he says:
“Bitcoin may well be the choice during troubled times, but it has yet to prove itself is a dependable investment for many people. Bitcoin is going to go up but not exponentially”.
Finally, John Hawkins, senior lecturer at the University of Canberra assumes that by 2025 Bitcoin will be worth only $100, in short, it will have lost 99% of its current value.
Adam Back the most optimistic of all
Bitcoin maximalist Adam Back (who is not on the panel), dispenses the most optimistic forecast of all: Bitcoin will touch the $50,000 within two years, even earlier. The market cap will reach the value of one trillion dollars.
Only a few months ago, Adam Back had assumed that in 2025 Bitcoin will be worth 300,000 dollars. It is however a downward forecast compared to other much more optimistic ones.
Conservative. I'd say #bitcoin likely sees $1trillion market cap within 2years, probably sooner. $1trillion is about BTC $50k. https://t.co/LJeq53DXgM
— Adam Back (@adam3us) October 5, 2020
In any case, it is the future that all hodlers hope for.
