“A major product comparison website, Finder, published the predicted price of Bitcoin for 2022. According to a panel of 33 fintech specialists Bitcoin will peak at a price of $93,717 in 2022 and would end the year around $76K. The panel also predicted that Bitcoin will reach a price of $192,800 in 2025 and $406,400 in the year 2030.”
With the mass adoption of cryptocurrencies, the negative narrative about the blockchain technology and its use cases have begun to change resulting in positive predictions regarding the price of Bitcoin by many corporations and experts. Finder is one of the major product comparison websites and houses various fintech specialists. A panel of such 33 specialists has come up with a prediction for the price of Bitcoin this year and as per their prediction, Bitcoin will peak around a staggering 94K this year before dropping to around 76K by the end of the year.
The panel also made the prediction regarding the price of Bitcoin in the future and suggested that it would reach $192,800 in 2025 and $406,400 in 2030. The panel earlier in October 2021 made a similar prediction regarding the price of Bitcoin but their current predictions are 7% and 28% lower for 2025 and 2030 respectively. These new conservative predictions are a result of potential interest rate hikes by the Feds to curb inflation.
Though many experts believe that the interest rate hikes will negatively impact the crypto industry, a larger group is of the opinion that it is the right time to buy the Bitcoin and other cryptocurrencies at the discounted prices.
Disclaimer: The article should not be considered as any financial advice. It is advisable to conduct thorough research before investing.
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