Although the price of bitcoin is expected to increase in 2023, the main digital asset is not expected to surpass $30,000 this year, according to cryptocurrency and fintech experts selected by the product comparison website finder.com.
The 56 experts who made up Finder’s panel of experts predict that bitcoin will reach its all-time high of $29,095 this year.
Another study on the future price of bitcoin was undertaken by Finder.com with the help of 56 industry professionals from the financial technology and cryptocurrency sectors.
According to finder.com’s most recent BTC predictions study, everyone agrees that bitcoin will reach its all-time high of $29,095 this year.
The top crypto asset is expected to conclude 2023 at about $26,844 per unit, though.
The developer and founder of Seasonal Tokens, Ruadhan O, predicts that the price of bitcoin will reach a zenith at $27,000 due to concerns about centralized institutions in the cryptocurrency sector.
According to about 21% of the panelists, institutional investors will switch from the cryptocurrency market to other asset classes this year.
Alexander Kuptsikevich, senior market analyst at Fxpro, and almost 65% of Finder’s experts think bitcoin is undervalued.
Currently, the panel projects that BTC will increase in value to $77,492 in 2025 and reach $188,451 per coin by 2030.
According to Finance Magnates’ chief analyst and editor Damian Chmiel, the price of one bitcoin will be about $70,000 by 2025.
The most recent Finder’s prognosis made by the assembled specialists differs significantly from the forecasts made in January 2022.
Around this time last year, Finder polled 33 experts in the fields of fintech and cryptocurrencies, and the group forecast that BTC will conclude 2022 at $94,000 per unit.
BTC entered 2023 at a price of $16,544 per unit on December 31, 2022.
When Finder’s experts met in October 2022, they had a completely new outlook and anticipated that BTC would end the year at $21,000 per unit.