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downloadAustralian comparative website Finder.com has carried out a survey interviewing 50 fintech specialists, on the prediction of Bitcoin’s price between now and the end of 2021.
The survey
Participants included the CEO of Bitcoin Reserve Nik Oraevsky, the head of Exante Data in Asia Pacific Grant Wilson and finance professor from Creighton University Robert Johnson
The survey was held at the end of September and asked for a future forecast on the price of Bitcoin between now and 2021, 2025 and 2030.
Bitcoin predictions for the end of 2021
According to the majority of respondents, the Bitcoin price will exceed $80,000 by the end of the year and then stabilize at around $70,000.
The survey was also done in December 2020 and July 2021. In the first case, the forecast for Bitcoin was $51,000 by the end of 2021. In July, a valuation of $66,000 was mentioned.
Bitcoin’s price in 2025 and 2030
Experts interviewed by finder.com predicted that Bitcoin will be worth around $250,000 by 2025 and an astronomical $5 million by 2030.
For 46%, the time has come to buy BTC, while the same percentage believe it is time to keep it in their wallets. Only 8% of the sample felt that the time had come to sell.
Another very topical subject at the moment is Bitcoin ETFs. According to the survey, 60% would be in favour of issuing such an instrument, while 22% were against it, and 18% were still uncertain about the matter.
The reasons that will drive Bitcoin’s growth
One of the survey participants, CEO and director of Gryphon Digital Mining Rob Chang, predicts that BTC will peak at $111,000 this year, explaining his prediction by the growing adoption of Bitcoin.
“I believe we are in the opening stages of rapid bitcoin adoption that will spread past El Salvador and Twitter and into more traditional areas. As this occurs, the general public will be increasingly exposed to bitcoin. This shift from obscurity into the mainstream will catapult bitcoin prices higher for the next few years”.
According to other experts, an important driver that could push up Bitcoin’s price could be the approval of an ETF on Bitcoin in recent days.