According to the latest crypto prediction report published by the product comparison platform finder.com, 77% of 53 fintech specialists polled in the report say cryptocurrency markets are officially in a “crypto winter.” The poll further explains that only 29% of the report’s participants believe the bear market will end in 2022. While bitcoin is expected to surpass $100K per coin by 2025, Finder’s experts think bitcoin will bottom out at $13,676 per unit, but also end 2022 at $25,473 per unit.
Finder’s 53 Fintech Specialists Attempt to Guess Bitcoin’s Future Value
Finder.com has published a new forecast predicting that bitcoin (BTC), will plummet to $13,676 per unit in the coming year according to 53 fintech professionals surveyed. Although experts expect bitcoin to drop to around $13,676 per BTC at the lowest, the top crypto asset will end this year at $25.473.
The panelists’ prediction is very much aligned with the 80% drop theory as BTC has lost more than 80% from the all-time price high during every major bear market. BTC’s current price is 72% below the $69K all time high (ATH), which was recorded November 10, 2021.
Bitcoin.com News in mid-June reported what prices might look like if BTC/ETH had the same bear markets patterns as previous years. The math shows that an 80% drawdown from BTC’s ATH in November 2021, would be roughly $13,800 per unit.
Finder’s prediction report indicates BTC’s expected 2022 bottom value is a touch more than 80% lower than the ATH. Morpher CEO Martin Froehler has a different view and expects a lower price. Froehler told Finder’s researchers that BTC will likely drop to $12K per unit, before jumping back to $40K by the year’s end.
“It’s reasonable to expect to see more big projects fail in the next couple of months,” Froehler explains in the Finder’s prediction report. “Retail sentiment is at historic lows due to global economic uncertainty and inflation. Highly leveraged miners who have just digested the China exodus will give in and raise the downside pressure. We will see even lower Bitcoin prices.”
46% of Finder’s Experts Expect the Bear Market to Continue Into 2023
Finder’s study further says that while only 29% of the panelists believe the crypto bear market will end this year, 46% think that the crypto winder will continue until 2023 and 24% believe it could last until 2024. Paul Levy from the University of Brighton is a senior lecturer and he believes that bitcoin will remain in the bear market until 2023. Bitcoin will then rebound by closing the year at $15K per unit.
“Bitcoin will likely bounce back in 2023 which may actually lead to inflated expectations and further instability. Much of course depends on world events such as the war in Ukraine and its own ongoing impact on global confidence,” the University of Brighton senior lecturer noted.
Finder.com is a product comparison site. It has published numerous forecasts for crypto prices. These are only guesses. For instance, Finder’s researchers conducted a poll on Terra’s LUNA just before the crypto asset’s demise, and a great portion of Finder’s experts had high hopes for the digital asset’s future value.
According to the LUNA poll, Finder’s experts predicted LUNA (now luna classic) would be $143 before the end of the year. The odds of luna classic (LUNC), trading at $0.00009522/unit, is almost impossible.
Vetle, an Arcane Research analyst and bitcoin forecaster, stated in the most recent bitcoin prediction report that bitcoin will reach $13K per unit at its bottom, with $20K at the end of 2022. “A myriad of negative forces has crushed the strength of bitcoin… Further tightening and unwinding of bad crypto debts will create sobering times onwards, and investors should buckle up for more difficulty,” Lunde explained.
Last April, Finder’s BTC prediction report had shown panelists expected bitcoin to reach $179,280 by 2025 and $420,240 by 2030. However, today’s predictions are lower as fintech experts from the most recent report predict that BTC will be worth $106,757 in 2025, and $314.314 by 2030.
What do you think about the latest finder.com poll that attempts to predict bitcoin’s future value? Comment below to share your views.
Images CreditsShutterstock. Pixabay. Wiki Commons
DisclaimerThis information is provided for educational purposes only. It does not constitute an offer, solicitation, or recommendation of any company, products or services. Bitcoin.com doesn’t offer investment, tax or legal advice. The author and the company are not responsible for any loss or damage caused or alleged caused by the content or use of any goods, services, or information mentioned in the article.