Bitcoin's path to six-figure prices
Participants of the expert panel included renowned experts such as John Hawkins, lecturer at the University of Canberra, Bobby Ong, co-founder of crypto data portal CoinGecko, Celsius Network CEO Alex Mashinsky, Dr. Iwa Salami, FinTech regulation expert from the University of East London or Forrest Przybysz, senior crypto investment analyst at Token Metrics. In total, 42 participants from the fields of technology, finance and academia were interviewed."I don't think BTC and the crypto market are entering a severe bear market."
Finder co-founder Fred Schebesta takes a similar view and concurs:
"While we are bearish at the moment, announcements from major players could take the market out of this bear trend very quickly."
The experts become extremely optimistic about how high the number one cryptocurrency by market capitalisation will rise by 2025 and 2030 respectively. According to the panel's forecast, the bitcoin price will be $318,417 by December 2025! Some are even more optimistic, predicting that Bitcoin will be worth more than four million dollars per coin by December 2030 (and $4,287,591 to be exact)! Justin Chuh, Senior Trader at Wave Financial, also explains how Bitcoin could rise to this extremely high valuation:
"The bisection events and inflation on the way to 2025 and 2030 will likely trigger the bigger upside moves. Prices will likely be continuously driven by supply and demand, rather than availability to a wider group of users."
But there are also dissenting assessments: Elvira Sojli, for example, a professor at the University of New South Wales, expects a brutal crash for BTC by 2030. She therefore predicts a Bitcoin price of just 100 dollars.
Forecast: Bitcoin will dominate finance in 2050
54% of the participants in the survey also believe that Bitcoin (to buy at eToro or Libertex) will become the dominant force in global finance by 2050. However, 44% are convinced of the opposite and say it will never happen. 33% are convinced that Bitcoin will become the preferred currency in developing countries within the next ten years. Amber CEO Aleks Svetski, referring to El Salvador's Bitcoin law, also believes that this momentum will continue to grow. For these "broken nations", a rapid transformation would occur as Bitcoin "undermines the nation-state model".
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