BTC Price Predictions: Will Bitcoin (BTC) recover this year? That’s a hard yes, according to an expert panel who are forecasting the cryptocurrency to hit US$90,000 in 2022.
According to the latest Bitcoin price prediction report from Finder.com, the panel predicted that the peak in 2022 would reach $93,717.
The panel in question was made up of fintech, cryptocurrency and NFT specialists. They also think BTC will end the year down at $76,360.
David Klinger, founder of Coteries Corporation, gave a forecast in line with the panel average. He expects BTC to peak at $100,000 in 2022 before ending the year at $70,000. Says Klinger, “As Bitcoin becomes more accessible through more established financial institutions and products like ETFs, it will continue to rally in the short to medium term.”
Vanessa Harris, Chief Product Officer at Permission, said that Bitcoin is best positioned to be the store of value many investors will seek to weather higher inflation. Her prediction is hitting the high notes – hitting $220,000 this year.
Daniel Polotsky, the founder of CoinFlip, believes that BTC will peak at a much lower price of $60,000. But it will always prove to be a popular hedge against inflation. “The global economy looks somewhat shaky, with inflation hitting 7% in the United States. It is possible that the asset bubble created by the Fed by keeping interest rates near 0% for more than a decade will ripple through Bitcoin.
BTC price predictions: Other stats
One in five panellists say increasing interest rates will drive BTC’s price down. However, 50% say it won’t. And, 31% say they’re unsure.
Gavin Smith, CEO of Panxora Group, believes that interest rate hikes will negatively impact the price of BTC. But any decline will be temporary. “The first half of 2022 will be dominated by concerns over higher interest rates impacting all risky assets including Bitcoin, we wouldn’t be surprised to see Bitcoin fall another 30% against As inflation continues to rise, we expect Bitcoin to decouple from other risky assets in the second half of 2022, leading to a rally to new highs towards the end of the year. .
BTC Price Predictions: 2025
The panel, on average, expects BTC to jump to $192,800 by the end of 2025. Then, it will skyrocket to over $406,400 by 2030.
Bilal Hammoud, the CEO of NDAX, expects a drop in the short term. This is due to interest rate increases. But he thinks BTC will rise to $250,000 by the end of 2025. And to $500,000 by the end of 2030. “Inflation is out of control, Bitcoin could temporarily drop as rates interest increases. In my opinion, the decline will be temporary.
John Hawkins, a Senior lecturer at the University of Canberra thinks BTC’s price will drop. This is following rate hikes. They will remain subdued for some time. “Bitcoin is a speculative bubble and higher interest rates leading to a revised attitude towards speculative investments generally may be what bursts it.”
The majority of panelists do not believe there is a bubble. Jonathan Zeppettini, Chief Operating Officer of Decred International, said that if there is an extended bear market, Bitcoin would be the coin to watch. “In any prolonged bear market, blue chips such as Bitcoin would be expected to perform best as money flows from more speculative assets into what is widely seen as a safe haven to wait out. of the storm.”
The overall sentiment according to 61% of panellists seems be that it’s the time to buy Bitcoin. 29% say HoDL. 10% say sell.
