Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: RSRS on July 15, 2021, 11:45:12 AM
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By the end of this year, bitcoin (BTC) may hit the USD 66,000 level, as well as rise above USD 400,000 by the end of 2030, according to the median price prediction by 42 industry players, surveyed by a comparison platform and information service Finder. Though there are some more pessimistic outlooks, such as BTC dropping to USD 100.
Authors Madeleine Gracie and Tim Falk said that they asked a "panel of 42 cryptocurrency experts what’s in store for the coin." It includes Coinmama CEO Sagi Bakshi, BitBull Capital CEO Sarah Bergstrand, Digital Capital Management Managing Director Ben Ritchie, CryptoCompare Director James Harris, CoinGecko Co-founder Bobby Ong, Morgan Creek Digital General Partner Xavier Segura, Lecturer in Law at University of Liverpool Matthew Shillito, and others.
According to these panellists, some medium-term drop in price may happen. Still, by December of 2021, the price of BTC will have surpassed its latest all-time high (ATH) of around USD 65,000 and will have hit USD 66,284.
By December 2025 the median price prediction shows that BTC might go up to USD 318,417 — 61% higher than their prediction made in December 2020, but 12% lower than that made in April.
Justin Chuh, Senior Trader at Wave Financial, for example, said that BTC will be on an upward trend, ending 2025 at USD 210,000 and 2030 at USD 400,000.
Per Chuh, "halving events and inflation along the way to 2025 and 2030 will likely trigger the larger upside moves. Prices are likely to be continuously driven by supply and demand, less availability for a wider group of users."
Similarly, ZebPay Co-CEO, Avinash Shekhar, argued that higher adoption rate will put upward pressure on the price, stating that:
"Presently, the overall acceptance of Bitcoin contributes to a small percent of the world population. The growing acceptance will impact the popularity and the utility of bitcoin. It'll be unfair to price bitcoin against fiat when that happens and hence, bitcoin will have its own intrinsic value in the future."
Sourch (https://cryptonews.net/en/news/bitcoin/1067365/)