In recent days, the valuation of bitcoin (BTC) has been losing momentum. This trend does not offend the optimism of analysts, however, about the prospects of the flagship crypto in the short term.
BTC, between $38,000 and $42,000 by the end of 2023
The crypto queen is currently worth around $29,900. Indeed, the price of bitcoin is experiencing a slight decline from the $30,000 it reached a few weeks ago. This does not prevent the crypto data provider Finder from foreseeing a further rise in the price of the asset.
Finder formed this opinion based onan investigation conducted with 29 specialists in the American crypto industry. For 43% of them, the upside potential of bitcoin is undervalued.
At the same time, 36% of experts surveyed believe that bitcoin’s growth opportunities are fairly assessed. The remaining 21% of experts believe that bitcoin will not rise too much because its explosion prospects are overvalued.
By compiling their different opinions, Finder concludes that bitcoin will increase in price by the end of the year. If this projection materializes, the price of bitcoin would be between $38,000 and $42,000.
According to the experts surveyed, this price could reach an average valuation of around $100,000 by 2025. Eventually worth more than $280,000 by the end of the decade. An optimism based on the distrust of users with regard to the traditional financial system, reinforced by the apprehension of galloping inflation.
Based on these arguments, 59% of experts recommend that investors buy bitcoin (BTC). A call supported by several studies according to which the flagship crypto would be an excellent hedge against inflation.
Receive a digest of news in the world of cryptocurrencies by subscribing to our new service of daily and weekly so you don’t miss any of the essential Tremplin.io!
