Will Bitcoin Price Recover This Year? The answer is “yes, clearly”, according to several experts who predict a price of 90,000 dollars during 2022.
According to the new Bitcoin price prediction report from Finder.com, a panel of experts has predicted a high of $93,717 for the year 2022.
The panel of experts in question was made up of specialists in fintechs, cryptocurrencies and NFTs. They also believe that BTC will end the year at $76,360.
David Klinger, founder of Coteries Corporation, presented 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. According to Mr. Klinger; “As Bitcoin becomes more accessible through more established financial institutions and products such as ETFs, it will continue to strengthen in the short to medium term.”
Vanessa Harris, Chief Product Officer at Permission, on the other hand, said that Bitcoin is best positioned to be the store of value that many investors seek in order to weather higher inflation. She predicts that BTC will reach highs of up to $220,000 this year.
For his part, Daniel Polotsky, the founder of CoinFlip, believes that BTC will peak at a much more modest price of $60,000. That said, according to him, the asset will still 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 that the Federal Reserve has created by keeping interest rates near 0% for more than a decade will ripple through Bitcoin.”
Some additional statistics
One in five panelists say that rising interest rates will lower the price of BTC. However, 50% say it won’t, while 31% say they’re not sure.
Gavin Smith, CEO of Panxora Group, believes that interest rate hikes will negatively impact the price of Bitcoin. However, any dip will be temporary: “The first half of 2022 will be dominated by concerns over rising interest rates, which will impact all risk assets, including Bitcoin. We wouldn’t be surprised to see BTC drop another 30% from its current level. Knowing that 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 around the end of the month. year.”
Bitcoin Predictions for 2025
On average, the panel expects BTC to reach $192,800 by the end of 2025. Also according to them, the price will then skyrocket to over $406,400 in 2030.
Bilal Hammoud, CEO of NDAX, expects a short-term drop due to rising interest rates. However, he thinks BTC will hit $250,000 by the end of 2025 and then $500,000 by the end of 2030. “Inflation is out of control, Bitcoin could temporarily drop due to rising rates of interest. In my view, this decline will be temporary.”
Finally, John Hawkins, a senior lecturer at the University of Canberra, thinks the price of BTC will come down, again on the back of rate hikes, although they will remain subdued for some time. “Bitcoin is a speculative bubble and higher interest rates, leading to a new attitude towards speculative investing in general, could burst that bubble.”
However, the majority of panelists do not believe there is a bubble. Jonathan Zeppettini, Chief Operating Officer of Decred International, says that in the event of a prolonged bear market, Bitcoin would be the cryptocurrency to watch. “In any prolonged bear market, one would expect safe havens like BTC to perform the best as money leaves more speculative assets for what is widely seen as a safe haven awaiting the downturn. end of the storm.”
The general sentiment, according to 61% of the panelists, seems to point towards the idea that now is the time to buy Bitcoin. 29% say to keep assets for hodling, and 10% say to sell.
All information on our website is published in good faith and for general information purposes only. Any action taken by the reader based on information found on our website is entirely at their own risk.