“Amidst increasing institutional interest and growing acceptance, finance experts predict an optimistic future for Bitcoin as they foresee its price soaring in 2025, potentially reaching unprecedented heights.”
Leading economists and financial experts predict that Bitcoin (BTC), the world’s largest cryptocurrency, will experience substantial price growth by 2025. Respondents expect Bitcoin’s price to surge to an average price of more than $87,000 by 2025 and $220,000 by 2030. Interestingly, these prices are lower than the ones that resulted from a similar report in July, of around $100,000 and $289,000, respectively.
The bullish outlook is driven by factors such as wider institutional adoption, technological advancements, and a growing understanding and recognition of digital assets in the traditional financial sector. Experts cite Bitcoin’s increasing mainstream integration and advancing network technology for their positive forecasts, contributing to its wide adoption and greater market stability.
Among the panel of financial specialists, 14 out of 30 believe the lowest price Bitcoin can reach by the end of 2023 is between $22,500 and $25,000, while 9 out of 30 believe BTC could trade as low as $17,500 until the year-end. On the other hand, 13 out of 30 respondents don’t believe Bitcoin will be trading above the $30,000 mark as its highest price, while 7 out of 30 see the leading cryptocurrency breaking out and holding from the $35,000 psychological resistance for the rest of this year.
Despite these differing views, the data suggests that the majority of experts are bullish on Bitcoin’s longer-term growth. According to Finder’s study, over three-quarters of respondents believe it is now time to buy Bitcoin. However, this optimism doesn’t diminish the ongoing concerns around Bitcoin’s structural weaknesses and macroeconomic challenges. Volatility, regulatory uncertainty, economic recessions, and underlying technological issues like scalability are acknowledged barriers that can hamper Bitcoin’s growth trajectory.
The study underlines that Bitcoin’s future potential is substantial, and the experts are mostly looking toward two relevant events: a spot Bitcoin ETF approval by the SEC and Bitcoin’s block subsidy halving by April 2024. Both events could bring higher prices for BTC, according to Finder’s respondents. However, some panelists expressed a more cautious view on the halving, citing the diminishing effects on price and the potential limitations as the market cap of Bitcoin grows.
Interestingly, 4 out of 5 analysts believe the spot Bitcoin ETF will be approved by the end of 2024. Additionally, 60% agree that this event would make BTC price increase by 2025, while 47% are highly optimistic, foreseeing the leading cryptocurrency to break its current all-time high sooner than by the end of 2025 if this happens.
In conclusion, while the majority of experts believe in Bitcoin’s price escalation towards 2025, the cryptocurrency’s inherent volatility must be remembered. As with all investments, potential investors are advised to do their research and exercise caution.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.