Positive forecasts for bitcoin price

As usual, Finder asked 31 cryptocurrency and fintech specialists for their bitcoin price predictions and averaged them. 

The result, reported in the latest Bitcoin Price Predictions report, is that on average, the experts polled by Finder predict that Bitcoin will reach $87,000 by 2025. 

Bitcoin price predictions

There are actually three predictions (2023, 2025 and 2030), but the most interesting one concerns 2025. In fact, next year will see the fourth halving, and in fact, on average, Finder’s 31 experts predict that it will be followed by a new bull run. 

In particular, as far as 2023 is concerned, the average predicts a close of the year just above $30,000, which is less than the current level. 

It should be noted, however, that not all of the 31 specialists were interviewed prior to the recent Pumo, so it is possible that some predictions were made when the BTC price was well below $30,000. 

For example, in July, when Finder conducted its latest survey, the average forecast for the end of the year was around $38,000. 

On the other hand, the average forecast for 2030 is almost 290,000, but it must be remembered that there will be a further halving in 2028, so this is a long-term forecast with many unknowns. 

The forecast for 2025 is therefore the most interesting, partly because all three halves that have occurred so far have been followed by a bull run in the following year.

The next halving

Using the three halving highs as a reference, we have the following sequence: $1,100 at the end of 2013, $20,000 at the end of 2017 and $70,000 at the end of 2021. 

Thus, Bitcoin’s third cycle, which began with the second halving in July 2016, culminated in a high that was almost 20 times higher than the previous cycle. 

The most recent cycle, which is still ongoing, had a high that was about 3.5 times higher than the high of the previous cycle. 

Assuming a Bitcoin price of $87,000 in 2025 also means assuming that the peak of the next cycle, which will begin with the April halving, will be only 1.2 times higher than the peak of the previous cycle. 

Paradoxically, this is in some ways a conservative forecast, so much so that many of those who think there will be a new bull run after the next halving assume much higher figures. 

However, this is not a prediction of the high it might reach during the next bull run, but of the price it might have at the end of 2025, when the bull run might already have begun to reverse.

The forecast for 2023

It should be noted that the experts interviewed by Finder are far from unanimous. 

For the end of 2023, for example, some predict a price as low as $22,000 or even $15,00, i.e. the bottom of last year’s bear market. 

Others, however, go as far as predicting that the price could rise to $45,000 by the end of the year, with the average being around $30,000. 

However, this is a decidedly pessimistic sample, as only 7 of the 31 experts surveyed, most of whom were interviewed before the last pump, thought that the peak in 2023 would be above $35,000, which is what has happened in the last few days. 

On the contrary, 13 of the respondents were convinced that the price in the last three months of the year would not exceed $30,000 and 6 that it would not exceed $32,500. 

We can already see that these predictions, made just a few weeks ago, have already proved wrong, either because they were too optimistic or because they were too pessimistic. 

Despite this, 63% of respondents still said that they thought this was a good time to buy bitcoin, probably because they believed that a new bull run would be triggered by next year.