The independent comparison platform Finder recently published an article about the Bitcoin market. The article reports the opinions of several crypto experts on bitcoin (BTC). He talks in particular about the predictions of these specialists on the future prices of the flagship crypto.
$270,000, or even $1 million by 2030!
Several crypto specialists have recently gave their opinions on the upcoming trend in the bitcoin (BTC) market. 77% of experts surveyed by Finder consider Bitcoin to remain a store of value, despite the bear market. That said, scholars have said that BTC could be worth $21,344 by the end of 2022. It is also possible that the crypto will succeed in “reach $24,013 in 2022“. However, specialists have predicted a low to $15,283 in the market before the end of the year.
The experts also stated that the value of BTC could increase to reach $79,193 by the year 2025. This value represents an increase of at least 310% compared to the current price of BTC which hovers around $19,150 . Furthermore, specialists interviewed by Finder believed that the crypto could to trade at $270,722 in 2030. This is a 1,313% upside from the current BTC price.
Meanwhile, Serhii Zhdanov, CEO of exchange EXMO, argued that BTC could trade at $25,000 before 2023. He added that crypto will hit $1 million in 2030. “Nothing has fundamentally changed for Bitcoin, it is a global capital crisis and Bitcoin is affected in the short term, but will recover; many other financial assets will not“, he underlined.
Is the flagship crypto overvalued or undervalued?
Finder reports that 19% of surveyed experts believed that BTC is overvalued. For 25% of specialists, the flagship crypto is trading at a fair price instead. But, 56% of experts speak of an undervaluation of bitcoin (BTC).
InvestDEFY Technologies Chief Strategy Officer Aaron Samsonoff is of the opinion that the crypto is undervalued. Moreover, he explained that it constitutes a hedge against the depreciation of currencies, and not against inflation.
However, for Jeremy Cheah, associate professor of decentralized finance at Nottingham Trent University, BTC is too expensive. “Bitcoin […] has become a common alternative investment and is therefore sensitive to major world events and macroeconomic conditions“.
The Finder platform survey suggests that most crypto experts believe in the strength of bitcoin (BTC). Moreover, the majority of experts surveyed believe that crypto is undervalued.
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