According to a recent report by Finder, 31 cryptocurrency and fintech experts were asked for their predictions on Bitcoin’s price, and the average forecast is that Bitcoin will reach $87,000 by 2025. The most interesting prediction is for 2025, as it coincides with the fourth halving event, and the experts believe it will be followed by a new bull run. The average prediction for the end of 2023 is just above $30,000, which is lower than the current price. However, it should be noted that not all of the experts were interviewed before the recent pump in price.
The average prediction for 2030 is nearly $290,000, but this is a long-term forecast with many unknown factors, including another halving in 2028. The forecast for 2025 is particularly interesting because all three previous halvings have been followed by a bull run in the following year.
Looking at previous halving cycles, Bitcoin’s third cycle reached a high almost 20 times higher than the previous cycle, while the ongoing cycle has reached a high about 3.5 times higher. Assuming a Bitcoin price of $87,000 in 2025 implies that the peak of the next cycle will be only 1.2 times higher than the peak of the current cycle.
The experts interviewed by Finder have varying opinions. Some predict a low price of $22,000 or even $15,000 for the end of 2023, while others believe it could rise to $45,000. The average prediction is around $30,000. However, these predictions were made before the recent pump in price and have already proven to be inaccurate.
Despite this uncertainty, 63% of respondents still believe that now is a good time to buy Bitcoin because they expect a new bull run to be triggered next year.
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