Experts split on Bitcoin’s $125K surge or $40K drop forecast
Bitcoin’s (CRYPTO:BTC) future remains a topic of debate among industry experts, with Finder’s latest survey highlighting varying projections for the digital asset’s price.
The October 2024 survey collected insights from 28 crypto specialists, showing a mix of optimism and caution regarding Bitcoin’s trajectory over the coming years.
On average, the panel expects Bitcoin (BTC) to reach $77,636 by the end of 2024.
However, this figure is a drop from the $87,169 predicted in a previous survey conducted in July.
Looking further ahead, experts foresee Bitcoin climbing to $113,364 by the end of 2025 and possibly hitting $282,238 by 2030.
Despite this optimistic outlook, opinions among experts are divided.
Some of the more bullish predictions see BTC trading at $125,000 by the close of 2024, while the most bearish forecast anticipates a drop to $40,000.
This divergence in views reflects uncertainty about Bitcoin’s market direction amid fluctuating sentiment and broader economic factors.
Finder’s survey also reveals that 61% of the panel currently views Bitcoin as a “buy,” suggesting confidence in its long-term potential.
Meanwhile, 32% recommend holding onto the asset, and just 7% believe now is the time to sell.
However, expectations around Bitcoin’s adoption for everyday use remain lukewarm.
A significant portion of the panel, around 32%, expressed doubts that Bitcoin will ever become a mainstream medium for transactions in developed nations like the U.S.
Others predict a gradual path, with 21% anticipating adoption by 2030 and 11% projecting 2036 or later.
At the time of reporting, the Bitcoin price was $67,654.53.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Peanut the Squirrel Token Sparks Controversy After Owner Launches Justice Coin
Will Bitcoin’s Correction Continue or is it a Good Time to Buy?
US stocks head into holiday week with history on their side
Let’s take a look at how US equities typically perform this time of year and what we might see in the coming days
Cardano implements first ZK smart contract
Share link:In this post: Cardano has deployed its first zero-knowledge smart contract on the mainnet through the use of the Halo 2 zkSNARKs. The technology allows for secure and private verification of computations with the help of the network without disclosing sensitive information. ADA recently crossed the $1 level and went as high as $1.15 before a 17% drop.