BTC Price Prediction: Will Bitcoin (BTC) Recover This Year? It’s a tough yes, according to an expert panel that is predicting the cryptocurrency to reach US$90,000 in 2022.
According to the latest Bitcoin Price Prediction Report from Finder.com, the panel has predicted that the peak will reach $93,717 in 2022.
The panel in question was made up of fintech, cryptocurrency and NFT experts. He also thinks that BTC will hit $76,360 by the end of the year.
David Klinger, founder of Coteries Corporation, gave a forecast in line with the panel average. He expects BTC to reach $100,000 in 2022 before the year ends at $70,000. “As bitcoin becomes more accessible through more established financial institutions and products such as ETFs, it will continue to rally in the short- to medium-term,” Klinger says.
Permission’s chief product officer Vanessa Harris said bitcoin is best positioned to be a store of value, something many investors will try to counter the high inflation. Her prediction is hitting the high notes — up to $220,000 this year.
CoinFlip founder Daniel Polotsky believes that BTC will peak at a very low price of $60,000. But it would still prove to be a popular hedge against inflation. “The global economy looks somewhat volatile, with inflation reaching 7% in the US. It is possible that the asset bubble created by the Fed by keeping interest rates near 0% for more than a decade could spread to bitcoin.”
BTC Price Prediction: Other Stats
One in five panelists say rising interest rates will push the price of BTC down. However, 50% say that will not happen. And, 31% say they are unsure.
Gavin Smith, CEO of Panxora Group, believes that a hike in interest rates will have a negative impact on the price of BTC. But any decline will be temporary. “While the first half of 2022 will be dominated by concerns over higher interest rates that will affect all risk assets, including bitcoin, we would not be surprised to see bitcoin fall another 30% from current levels. As inflation continues to rise. “We expect bitcoin to break away from other riskier assets in the second half of 2022, leading to a year-end rally to new highs.”
BTC Price Prediction: 2025
The panel expects BTC to reach $192,800 by the end of 2025 on average. Then, this will increase to over $406,400 by 2030.
NDX CEO Bilal Hammoud expects a short-term decline. This is due to the increase in interest rates. But he believes that BTC will rise to $250,000 by the end of 2025. and, up to $500,000 by the end of 2030. “Inflation is out of control, bitcoin may drop temporarily as interest rates rise. In my opinion this drop will be temporary.”
John Hawkins, a senior lecturer at the University of Canberra, thinks the BTC price will drop. It is following the rate hike. They will be in subjugation for some time. “Bitcoin is a speculative bubble and high interest rates lead to a modified approach to speculative investing that can generally see it burst.”
Most panelists don’t think there’s a bubble. Decred International Operations Lead Jonathan Zapatini says that if there was a prolonged bear market, bitcoin would be the coin to watch. “Blue chips like bitcoin would be expected to perform best in any long bear market, as money moves out of more speculative assets that are widely considered a safe haven to wait out the storm.”
The overall sentiment appears to be that it is time to buy bitcoin, according to 61% of panelists. Says 29% HODL. Say 10% sell.
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