Fun

Finder’s Experts Predict Bitcoin Will Peak at $94K This Year

News Feed - 2022-01-29 11:01:22

Finder"s Experts Predict Bitcoin Will Peak at $94K This Year


Finder’s panel of 33 fintech specialists has forecasted that the price of bitcoin will peak at about $94K before ending the year above $76K. In addition, the panel expects the price of the cryptocurrency to reach $192,800 in 2025 and $406,400 in 2030. Finder’s Experts Predict BTC Price for 2022, 2025, and 2030


Finder, a major product comparison website, published an updated bitcoin price prediction Wednesday for 2022 by “Finder’s panel of 33 fintech specialists.”


According to the panel’s BTC price forecasts: Bitcoin (BTC) is expected to peak at US$93,717 this year before dropping to $76,360 by the end of 2022 … This is roughly 60% higher than the price of bitcoin at the beginning of 2022.


The panel of specialists also predicted the price of bitcoin for 2025 and 2030. However, their most recent predictions are lower than their October forecasts. At the time of writing, the price of bitcoin is $36,311.13 based on data from Bitcoin.com Markets.


By the end of 2025, the panel believes that the price of bitcoin will reach $192,800, which is 7% lower than their October forecast.


As for the end of 2030, the panel expects the price of bitcoin to reach $406,400, which is 28% lower than their October forecast.


Finder explained: Potential interest rate hikes might be what’s leading the panel to be more conservative with their predictions compared to back in October.


While the Fed did not raise interest rates at its most recent meeting, the market expects the central bank to raise interest rates several times this year. Investment bank JPMorgan, for example, expects four rate hikes this year.


While several panelists said that “increasing interest rates will negatively impact the cryptocurrency market,” some believe that it is time to buy BTC, including Finder’s founder, Fred Schebesta.


He said: Cryptocurrencies are proving to be a staple competitor to the traditional financial infrastructure of the world, and many projects are now well beyond the theoretical realm of potential value and into reliable delivery.


“One powerfully unique aspect of the cryptocurrency landscape is that there are now a number of decentralized finance (defi) platforms that provide access to highly competitive funding, and these offerings are showing zero signs of slowing down,” he further opined.


Schebesta personally expects bitcoin’s price to surge to about $105K by the end of the year, he recently told Daily Mail Australia. Tags in this story bitcoin prediction, bitcoin price forecast, bitcoin price prediction, Finder, finder experts, finder specialist, Fred Schebesta


What do you think about the predictions by Finder’s experts? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Rebase Market Carnage: TIME Slips 61%, Wonderland Admin Allegedly Co-Founded Quadrigacx MARKETS AND PRICES | 2 days ago Rich Dad Poor Dad"s Robert Kiyosaki: Bitcoin Is Crashing, Will Buy When BTC Tests $20K MARKETS AND PRICES | 4 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleAmerican Express Sees Crypto as Asset Class — Says It’s Not a Near-Term Business Threat Next articleBelgian MP to Receive Entire Salary in Bitcoin — Says Crypto Adoption Will Be ‘Exponential’ Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItJoe Biden Claims Inflationary Pressure "Rests With the Federal Reserve," Praises the Fed"s "Extraordinary Support" 


On Wednesday, U.S. president Joe Biden explained that the country’s central bank was dealing with a large share of the inflationary pressures the American economy is dealing with today. Biden welcomes the possibility of tightening monetary easing and noted that ... read more.Indian Government Needs More Time to Finalize Crypto Bill: Report Bank of Russia Proposes Wide Ban on Cryptocurrency Use, Trade, Mining Indonesian Religious Organization Issues Decree Forbidding Use of Crypto by Country"s Muslim Population Bitcoin Price Slips Below $36K, BTC Dominance Increases, Billions Leave Crypto Economy

News Feed

Bitcoin Coinbase Premium Gap Remains In Positive  Zone — What This Means For Price
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
BRD Wallet and Unbound Security — Coinbase Acquires 2 Companies in Less Than a Week
BRD Wallet and Unbound Security — Coinbase Acquires 2 Companies in Less Than a Week The publicly-listed crypto-asset exchange Coinbase has announced the company has acquired the
SEC Chair Gensler Warns a Lot of Crypto Tokens Will Fail Following LUNA, UST Collapse
SEC Chair Gensler Warns a Lot of Crypto Tokens Will Fail Following LUNA, UST Collapse The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned th
Kazakhstan Auditors Go After Crypto Miners Accused of Exploiting Tax Benefits
Kazakhstan Auditors Go After Crypto Miners Accused of Exploiting Tax Benefits Authorities in Kazakhstan have found several businesses minting digital currencies that took advantage
Layerswap overrides website hack that drained $100K
Arijit Sarkar2 hours agoLayerswap overrides website hack that drained $100KAccording to Layerswap, domain registrar GoDaddy’s sluggish intervention allowed the hacker to retain longer control of the domain.660 Total vi
Bitcoin price retests $63K despite GBTC outflows dropping below $100M
William Suberg9 hours agoBitcoin price retests $63K despite GBTC outflows dropping below $100MBitcoin bulls fail to catch a break as BTC price weakness defies a slowdown in GBTC offloading.4143 Total views27 Total shares
Ezra Reguerra52 minutes agoBitcoin Ordinals creator proposes to change inscription numbering systemCasey Rodarmor, the creator of Bitcoin Ordinals, clarified that the inscription numbers would only be changed, not scrapp
Ukraine Targets Russian Politicians’ Crypto Wallets as Russian Banks Are Cut From SWIFT
Ukraine Targets Russian Politicians’ Crypto Wallets as Russian Banks Are Cut From SWIFT Ukraine is now trying to expose cryptocurrency wallets used by politicians in Moscow amid
Bitcoin whale 'FOMO' hits as BTC price coils below $67K liquidity zone
William Suberg3 hours agoBitcoin whale "FOMO" hits as BTC price coils below $67K liquidity zoneBitcoin bulls are closing in on ask liquidity, which, if taken, would overcome key resistance and unlock BTC price discovery.
Price analysis 8/9: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
Rakesh Upadhyay7 hours agoPrice analysis 8/9: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIBBuyers are struggling to build upon Bitcoin’s sharp recovery on Aug. 8, indicating that the bears remain active at higher
European Crypto Exchange Hacked for $5.4 Million in Bitcoin
European Crypto Exchange Hacked for $5.4 Million in BitcoinEterbase, a Slovak cryptocurrency exchange, revealed Thursday that it had been hacked for $5.4 million. Cyber-criminals br
Elon Musk Suspects Former FTX CEO Sam Bankman-Fried Donated Over $1 Billion to Support Democrats
Elon Musk Suspects Former FTX CEO Sam Bankman-Fried Donated Over $1 Billion to Support Democrats Tesla CEO and Twitter chief Elon Musk says that former FTX CEO Sam Bankman-Fried (S