Bitcoin enthusiasts have many reasons to rejoice. Despite all the uproar around BTC due to the latest drop in its price, a survey conducted by Finder reinforces the optimism of crypto defenders. This careful investigation was carried out by 31 crypto and fintech experts.
Bitcoin at $122,000 this year? These experts say YES!
The experts interviewed by Finder see a bright future for Bitcoin. According to them, the queen crypto could reach $122,000 this year and fall to $151,000 by the end of 2025, almost triple its current level. Better still, some are even betting on Bitcoin reaching $567,000 by 2030! A resounding prediction to say the least which, if it comes true, will make many people happy among current owners.
The main driver of this expected surge would be the massive arrival of institutional capital on the crypto market. Indeed, as the survey points out, “the main catalyst for the current bull market has been the massive influx of institutional capital following the SEC's approval of the first bitcoin ETFs.” Thus, a now tenfold demand meets a capped supply, creating the ideal conditions for a surge in prices.
The encouraging prospects of the crypto queen
Besides the optimistic predictions for 2024, Cathie Wood, one of the female faces of the crypto world, gives even crazier predictions. She thinks Bitcoin will reach $1.5 million in 2030! Although it seems unrealistic, her arguments seem convincing and she is not alone in this case.
Yat Siu, the co-founder of Animoca Brands, has indeed affirmed that “Bitcoin could reach more than a million dollars over time”. Far from being just a store of value, BTC would, according to him, become one of the most important symbols of wealth in the future digital economy.
Faced with such optimistic projections, it is difficult not to be enthusiastic about the future of Bitcoin in 2024. However, an element of caution remains since 13% of experts believe that BTC could be overvalued. However, the majority (61%) still recommend purchasing before the next halving.
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