A survey reveals new price predictions for Bitcoin (BTC) from 2024 to 2030. 31 specialists and analysts in the crypto market participated in the survey, from late March to early April of this year.
Summary
Bitcoin price predictions: over $100,000 by the end of 2024
Finder conducted a survey involving 31 crypto market specialists and analysts, between late March and early April 2024, to discover Bitcoin price predictions for 2024 to 2030.
Among the participants, there were the senior market analyst of FxPro Alexander Kuptsikevich, the senior lecturer of Swinburne University of Technology, Dimitrios Salampasis, and the senior cryptocurrency and forex analyst of ForexTraders, Nick Ranga.
The survey results revealed that, on average, the forecast for the price of Bitcoin (BTC) by the end of 2024 will be $109,141. Furthermore, other average price forecasts suggest $150,996 by 2025, and $567,489 by 2030.
Specifically, the most bullish participants see BTC at $268,000 by the end of 2024, while the most bearish one sees it well below the current level ($20,000) by the end of the year.
Not only that, Finder also reveals that Pedro Febrero, VP of Web3 for RealFevr, believes that the price of BTC will reach $200,000 by the end of 2024, stating the following:
“The recent price movement of bitcoin shows the impact of newly launched Exchange-Traded Funds (ETFs). Now that a new ATH has been reached, I suspect that more buyers will pour into the market and push $BTC even higher.”
Even Nick Forster, co-founder of Lyra, is equally bullish and argues that BTC could close 2024 at $180,000, adding that factors such as the halving and the bitcoin ETF have caused a paradigm shift for investors. Here are his words:
“It seems irresponsible not to allocate 1% to 3% of a portfolio to cryptocurrencies through an ETF. We will continue to see fund managers doing this, even for risk-averse clients”.
Predictions for the price of Bitcoin (BTC) at $100K in 2024: what are the main factors?
In addition to the numbers, the survey also wanted to investigate the factors that will lead the price of BTC to be worth over 100K dollars.
42% of analysts stated that this will only happen if a greater amount of capital flows into bitcoin spot ETFs. For 35%, on the other hand, the triggering factor to raise the price of BTC to 6 figures is the increase in adoption by institutions.
Only 3% of analysts have attributed value to the halving of Bitcoin, as the main factor for the increase in BTC price.
Yet, speaking of the upcoming BTC halving, a new survey question reveals that 43% of respondents believe they will need to buy bitcoin after the event. On the other hand, 47% state, instead, that after the halving it is time to hodl.
Not only that, according to 30% of experts, BTC will reach its price peak due to the halving in the second half of 2024, while for 27% this peak will arrive in the second half of 2025.
Anyway, halving or not, for the majority of experts participating in the survey (57%) the current bullish trend of the crypto market will show its results until after 2025.
Coinbase France talks about the halving
Recently, even Coinbase France wanted to have its say about one of the most significant events in the crypto world: the Bitcoin halving.
Côme Prost-Boucle, Director of Coinbase France, specified how the halving creates a sense of digital scarcity in the cryptocurrency market.
For this very reason, the planned decrease in the supply of Bitcoin often generates expectations of a price increase, intended as appreciation of its value.
In this regard, Prost-Boucle warned that the halving itself does not determine the price of BTC, but it influences it along with other elements such as regulation, technological innovation, and the general market sentiment.
According to the Director of Coinbase France, the good thing is that during the halving period, the entire crypto sector experiences an increase in financial education and awareness of cryptocurrencies.
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