Finder’s latest survey of 40 crypto founders, executives, and educators reveals a bullish outlook on Bitcoin, predicting its value will increase significantly through 2030. Consensus among the panel suggests a positive trajectory for Bitcoin, predicting its value to rise to $77,423 by the end of the year. These forecasts are markedly more optimistic compared to past surveys. , indicating growing bullish sentiment within the industry.
According to the average forecast, Bitcoin is expected to reach $77,423 by the end of 2024, with predictions varying widely among panelists. Some expect it to soar to more than six digits by the end of the year, but more conservative estimates suggest it could fall from its current price of about $44,000.
Experts highlight several key factors that support the optimistic outlook. Kadan Stadelman, CTO of Commodo, said Bitcoin could reach $80,000 in 2024 due to increased interest from major corporations and institutional investors, and the approval of spot ETFs to the market. This is due to increased access and the expected halving event, which will reduce the rate of new supply of Bitcoin. CoinFlip founder and chairman Daniel Polotsky points to potential interest rate cuts by the Federal Reserve and geopolitical instability as further drivers of Bitcoin price growth.
Despite the overall bullish sentiment, some panellists, such as John Hawkins of the University of Canberra, remained skeptical and warned that Bitcoin could only see temporary gains from the new spot ETF. I see it as a speculative bubble.
“If the new spot Bitcoin ETF is popular, it could temporarily increase the price. But in the medium to long term, I still think Bitcoin is a speculative bubble…
And recall that in 2021, similar claims were made for BTC Futures ETFs that are currently being made for BTC Spot ETFs. After that, the price of Bitcoin briefly rose, but then crashed. ”
The committee predicts that Bitcoin’s price could peak at $87,875 by the end of 2024, with some pegging the potential high at $200,000. Conversely, the lowest forecast value is $35,734, with a drop expected to be as low as $20,000. However, voices like Decimal Digital Currency’s Henry Robinson and Market Research Future’s Shubham Munde predict that prices will soar to around $115,000 to $120,000 due to factors such as limited supply and increased demand. ing.
Opinions are divided on the best course of action for Bitcoin investors, with the majority supporting buying Bitcoin at its current price. OKX’s Jason Lau highlights the importance of ETF approval and increased adoption, suggesting a positive long-term outlook for Bitcoin.
“Over time, increased access to retail investors and collaboration with financial institutions to adopt and promote Bitcoin will begin a new wave of inflows.
Short-term volatility is expected as companies and hot money reposition, but the long-term outlook is positive. ”
In contrast, Nottingham Trent University’s Jeremy Chia predicts a modest correction and advises caution.
When assessing Bitcoin’s current valuation, more than half of the panelists view Bitcoin as undervalued, indicating a favorable buying opportunity. The panel also examined the factors behind Bitcoin’s recent price rise, attributing it to ETF approvals, halving expectations, and increased institutional investment. Looking ahead, over 50% of experts believe the 2024 halving could trigger the next big crypto bull market, supported by a combination of regulatory approvals, macroeconomic factors, and an evolving market narrative. I think it’s sexual.
The consensus on the timeline for a new all-time high has settled around October 2024. Only 5% of respondents believe that Bitcoin will not be able to break above $69,000 again. 78% expect stocks to reach new all-time highs within 12 months.
Clearly, Finder’s panel is largely optimistic about Bitcoin’s future, predicting significant growth through 2030. Opinions vary on the timing and extent of this growth, but the consensus leans toward a bullish outlook, supported by regulatory trends, market dynamics, and cyclical nature. Bitcoin halving event.
At the time of writing, Bitcoin ranks first in terms of market capitalization, and the BTC price is Up 4.26% Over the past 24 hours. The market capitalization of BTC is $877.34 billion The trading volume for 24 hours is $25.27 billion. Learn more about BTC ›
BTCUSD Chart by TradingView
At the time of writing, the value of the global virtual currency market is 1.71 trillion dollars in 24 hour volume $56.89 billion. Bitcoin dominance is currently 51.36%. Learn more >