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BTC, ETH Predicted to End 2022 Above These Prices as Researchers Envisage 29% Recovery

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u.today 20 July 2022 14:52, UTC
  
Reading time: ~2 m

As reported by Colin Wu, "A quarterly survey by a panel of 53 industry experts conducted by Finder in July [said] that by the end of 2022, Bitcoin is expected to be priced at $25,473 and Ethereum at $1,711. Only 29% see a recovery from the bear market this year."

A quarterly survey by a panel of 53 industry experts conducted by Finder in July that by the end of 2022, bitcoin is expected to be priced at $25,473 and ethereum at $1,711. Only 29% see a recovery from the bear market this year. https://t.co/Fsk1NAivfw

— Wu Blockchain (@WuBlockchain) July 20, 2022

It is worthwhile to note that Bitcoin currently trades near $24,000, just a few steps away from the predicted price.

In recently published predictions by finder.com, the site's researchers polled 53 fintech specialists to forecast the future price of Bitcoin and Ethereum. According to the panel, BTC will be valued at $25,473 by the end of 2022 before increasing to $106,757 by 2025.

At its highest, the panel forecasts BTC reaching $35,484 in 2022 and to bottom out to around $13,676 at some point this year. The prediction of $106,757 by 2025 would mean around a 420% increase, and the 2030 prediction of $314,314 would mark an increase of about 1,420% from present prices.

On the other hand, the finders' panel predicts that Ethereum (ETH) will cost $1,711 by the end of 2022 before increasing to $5,739 by the end of 2025. The panel thinks that ETH will peak at $2,673 in 2022, but it also predicts that it will bottom out this year at $675. The panel predicts Ethereum might be worth $14,412 in 2030.

Joseph Raczynski, a technologist and futurist for Thomson Reuters, predict that ETH might close in 2022 for $2,000 based on its utility.

Bitcoin and Ethereum rally

For the first time in more than a month, Bitcoin crossed the $23,000 mark as a recovery in cryptocurrencies was sparked by expectations of a Federal Reserve rate move that would be less draconian than anticipated.

On July 20, the lead cryptocurrency soared to a high of $24,084, rising 7.15% in the last 24 hours and trading at levels not seen since mid-June. Data from CoinMarketCap shows that it most recently traded for $23,883.

At the time of publication, Ethereum was up roughly 2.55% to trade at $1,607, and other cryptocurrencies were also up. The second largest token has increased by 57.29% over the previous week on the back of anticipation for "The Merge," which is now anticipated to be finished by September 19.


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