Bitcoin’s price at $80,000 by end of 2021?
Bitcoin’s price at $80,000 by end of 2021?
Bitcoin

Bitcoin’s price at $80,000 by end of 2021?

By Vincenzo Cacioppoli - 20 Oct 2021

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Australian comparative website Finder.com has carried out a survey interviewing 50 fintech specialists, on the prediction of Bitcoin’s price between now and the end of 2021.

The survey

Participants included the CEO of Bitcoin Reserve Nik Oraevsky, the head of Exante Data in Asia Pacific Grant Wilson and finance professor from Creighton University Robert Johnson

The survey was held at the end of September and asked for a future forecast on the price of Bitcoin between now and 2021, 2025 and 2030. 

Bitcoin's price
ETF on Bitcoin

Bitcoin predictions for the end of 2021

According to the majority of respondents, the Bitcoin price will exceed $80,000 by the end of the year and then stabilize at around $70,000.

The survey was also done in December 2020 and July 2021. In the first case, the forecast for Bitcoin was $51,000 by the end of 2021. In July, a valuation of $66,000 was mentioned.

Bitcoin’s price in 2025 and 2030

Experts interviewed by finder.com predicted that Bitcoin will be worth around $250,000 by 2025 and an astronomical $5 million by 2030

For 46%, the time has come to buy BTC, while the same percentage believe it is time to keep it in their wallets. Only 8% of the sample felt that the time had come to sell.

Another very topical subject at the moment is Bitcoin ETFs. According to the survey, 60% would be in favour of issuing such an instrument, while 22% were against it, and 18% were still uncertain about the matter.

The reasons that will drive Bitcoin’s growth

One of the survey participants, CEO and director of Gryphon Digital Mining Rob Chang, predicts that BTC will peak at $111,000 this year, explaining his prediction by the growing adoption of Bitcoin.

“I believe we are in the opening stages of rapid bitcoin adoption that will spread past El Salvador and Twitter and into more traditional areas. As this occurs, the general public will be increasingly exposed to bitcoin. This shift from obscurity into the mainstream will catapult bitcoin prices higher for the next few years”.

According to other experts, an important driver that could push up Bitcoin’s price could be the approval of an ETF on Bitcoin in recent days.

Vincenzo Cacioppoli

Vincenzo was born in Genova but lived most of his life in Milan. He has a degree in political science. He is a journalist, blogger, writer, and marketing and digital advertising expert. After a long experience in traditional marketing, he started working with the web and digital advertising in 2011, creating a company called Le enfants. Passionate about the web and innovation, in 2018 he started exploring the topics related to blockchain technology and cryptocurrencies. Independent cryptocurrency trader since March 2018, he now collaborates with companies in the sector as a content marketing specialist. In his blog. mediateccando.blogspot.com, he has long been primarily focused on blockchain, which he considers to be the greatest technological innovation after the Internet. His first book about blockchain and fintech is scheduled for release in November.

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