Bitcoin Price Prediction: Analyst Lowers Prediction
It’s always a great time to be alive when you’re predicting the future of bitcoin. Panelists from various industries and fields have again revised their predictions with us, but they still believe that this cryptocurrency will reach new highs by 2022. Cryptocurrencies are not for the faint of heart, but experts believe record highs are in store for us in 2022.
Bitcoin has seen a significant drop in value this week, with prices currently at about 50% of their all-time highs. However, it has recovered somewhat after hitting a low of $33K on Monday morning and is worth around $37K.
Related Post | Bitcoin Recovers From Seven Month Low Of $33K
Analysts are divided on whether or not to buy, sell and hold cryptocurrency. However, more than half believe that now is a good time for buyers, and only 45% disagree.
It’s interesting to see how different groups react when given an investment opportunity. In this case, 29% of those surveyed said they shouldn’t buy or sell, while 10% thought investors should sell.
Bitcoin Price Predictions
By the end of 2022, experts from the top 33 forecasting fintech Bitcoin price will hit an all-time high. The forecast is $93,717 – more than $20,000 higher than the current November record.
Bitcoin price managed to hold $37K. Source: Tradingview.com
The panel predicts that bitcoin will trade at $192,800 by the end of 2025 and rise to $406,400 by 2030. While these predictions may seem lofty goals at first glance, they are significantly less than what experts predicted in July 2021 when their latest forecast said bitcoin price could reach $265k and $706k respectively.
Fred Schebesta, co-founder of Finder.com, said;
“Cryptocurrencies are proving to be a major competitor to the world’s traditional financial infrastructure, and many projects are now well beyond the theoretical realm of potential value.”
Another statement from Dr. Iwa Salami, an associate professor of law at the University of East London, explains;
“The increased interest from private and institutional investors cannot be overlooked, and yes, while there are still huge regulatory gaps, the potential of this emerging industry to transform business and finance and facilitate financial inclusion should not be overlooked.” be overlooked or undermined.”
According to other survey respondents, the latest bear market perhaps not over yet, with economic uncertainty looming as an additional threat to the industry.
Lee Smales, an associate professor at the University of Western Australia, added;
“Bitcoin appears to be bracing itself for a major decline. We may be witnessing the end of one era and the beginning of another. A ‘double top’ appears to have formed, with prices losing all their gains from last year; However, I wouldn’t put money into this until more useful/efficient alternatives are available, because nothing lasts forever.”
Featured image from Pixabay, chart from TradingView.com