According to the latest crypto prediction report published by product comparison platform finder.com, 77% of the 53 fintech professionals polled in the report said the main cryptocurrency market awakening to the “crypto winter”. The poll further explains that only 29% of participants reported believing that the bear market will end in 2022. While bitcoin is expected to surpass $100k/coin by 2025, experts of Finder thinks bitcoin will bottom out at $13,676 per unit, but will also end in 2022 at $25,473 each.
Finder’s 53 Fintech Experts Try to Guess Bitcoin’s Future Value
Finder.com published a forecast that says bitcoin (BTC) will drop to $13,676 per unit this year, according to 53 fintech professionals surveyed. While the report notes that experts think the bottom will be around $13,676 per BTCthey also expect the top crypto asset to end the year at $25,473 per coin.
The panelists’ predictions were in good agreement with the 80% reduction theory as BTC has lost more than 80% of its all-time high in every major bear market. At the time of writing, BTC down more than 72% from the all-time high (ATH) of $69,000 recorded on November 10, 2021.
In mid-June, Bitcoin.com News reported on what the price would be if BTC and ETH follow the same bear market patterns as they did in previous years. The math shows 80% reduction from BTCATH of November 2021, will be around $13,800 per unit.
Finder’s prediction report says BTCThe expected bottom value in 2022 is 80% lower than the ATH. However, Martin Froehler, CEO of Morpher, has a different view and he expects a much lower bottom. Froehler told the Finder researchers that BTC will likely drop to $12k a piece, before rallying back to $40k by year’s end.
“It is reasonable to expect to see more major projects fail over the next few months,” explains Froehler in the Finder forecast report. “Retail sentiment is at an all-time low due to global economic uncertainty and inflation. The highly leveraged miners, who have barely weathered the Chinese exodus, will capitulate and increase the downward pressure further. We will see Bitcoin prices even lower.”
46% of Finder experts predict the bear market will continue into 2023
Finder research adds that while only 29% of panelists believe the crypto bear market will end this year, 46% think crypto advocates will continue until 2023 and 24% believe it can last until 2024. Paul Levy, senior lecturer at the University of Brighton, said he estimates the bear market will continue until 2023 and bitcoin will end the year in at $15k per unit before rising again.
“Bitcoin is likely to bounce back in 2023, which could really lead to heightened expectations and further uncertainty. Much depends, of course, on world events such as the war in Ukraine and its own ongoing impact on global confidence,” noted the University of Brighton senior lecturer.
Product comparison platform, finder.com, has published numerous cryptocurrency price prediction reports and the forecasts are just guesses and conjecture. For example, Finder researchers conducted a poll on Terra’s LUNA shortly before the crypto asset crash, and a large portion of Finder experts have high hopes for the future value of the asset. digital product.
According to a LUNA poll, Finder experts predict LUNA (now luna classic) to be $143 before the end of the year. With the luna classic (LUNC) trading at $0.00009522 per unit, the possibility of it reaching $143 is said to be an impossible feat.
In the latest bitcoin prediction report, Vetle Lunde, an analyst with Arcane Research, said that bitcoin will bottom out at $13,000 per unit and end 2022 at $20k. “Lots of negative forces have strangled bitcoin’s strength… Further tightening and unwinding of bad crypto debts will make a tougher time onward and investors should tighten their grips. to face more difficulty,” Lunde explains.
Last April, Finder’s BTC Prediction reports have shown panelists expect bitcoin to hit $179,280 by 2025 and $420,240 by 2030. Today, however, those predictions are much lower, as experts fintech from the latest report estimates BTC worth $106,757 in 2025 and $314,314 in 2030.
What do you think of the latest finder.com poll to predict the future value of bitcoin? Let us know your thoughts on this topic in the comments section below.
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