Predictions for Bitcoin (BTC) Prices: Will Bitcoin (BTC) Recover This Year? According to an expert panel, the cryptocurrency will be worth $90,000 in 2022.
According to the newest Bitcoin Price Predictions Report from Finder.com, the top in 2022 is expected to be $93,717.
The panel in question was comprised of fintech, cryptocurrency, and NFT experts. They also believe BTC would end the year at a loss of $76,360.
Coteries Corporation founder David Klinger provided a projection that was in line with the panel average. He anticipates BTC to reach $100,000 in 2022 before falling to $70,000 at the end of the year. “As Bitcoin becomes more accessible through more established financial institutions and products such as ETFs,” says Klinger, “it will continue to climb in the short-to-medium term.”
According to Vanessa Harris, Chief Product Officer at Permission, Bitcoin is best positioned to be the store of wealth that many investors will look to in order to weather increased inflation. Her forecast is hitting the high notes, with a target of $220,000 this year.
BTC, according to CoinFlip founder Daniel Polotsky, will peak at a far lower price of $60,000. However, it will continue to be a popular inflation hedge. “The world economy appears to be in trouble, with inflation in the United States hitting 7%.” It is feasible that the asset bubble produced by the Fed’s policy of holding interest rates near zero for over a decade would spill over into Bitcoin.”
Other statistics on Bitcoin price predictions
One in every five panelists believes that rising interest rates will cause the price of bitcoin to fall. However, half of those polled believe it will not. In addition, 31% are undecided.
Interest rate hikes, according to Gavin Smith, CEO of Panxora Group, will have a detrimental influence on the price of Bitcoin. Any drop, though, will only be transitory. “The first half of 2022 will be dominated by fears about rising interest rates, which will affect all risk assets, including Bitcoin; we wouldn’t be surprised if Bitcoin fell another 30% from present levels.” As inflation continues to climb, we anticipate that Bitcoin will decouple from other risk assets in the second half of 2022, resulting in a rally to new highs by the end of the year.”
Bitcoin Price Predictions for 2025
BTC is expected to reach $192,800 by the end of 2025, according to the panel. Then, by 2030, it will have risen to more than $406,400.
NDAX CEO Bilal Hammoud predicts a short-term decrease. This is because to interest rate increases. However, he believes that BTC would reach $250,000 by the end of 2025. And, by the end of 2030, to $500,000. “Because inflation is out of control, Bitcoin may momentarily fall if interest rates rise.” In my perspective, the dip will be only transitory.”
According to John Hawkins, a Senior Lecturer at the University of Canberra, the price of BTC will fall. This is in response to rate increases. They will be subdued for a while. “Bitcoin is a speculative bubble, and higher interest rates, which lead to a rethinking of risky investments in general, may be what breaks it.”
The majority of panelists do not believe in a bubble. Decred International operations lead Jonathan Zeppettini believes that if there is a lengthy down market, Bitcoin will be the coin to monitor. “In any prolonged bear market, one would anticipate blue chips like Bitcoin to outperform, as money flows out of more speculative assets and into what is popularly viewed as a safe haven to ride out the storm.”
According to 61 percent of panelists, now is the time to purchase Bitcoin. HoDL is chosen by 29% of those polled. 10% of those polled believe it is best to sell.