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Experts split on Bitcoin’s $125K surge or $40K drop forecast

Experts split on Bitcoin’s $125K surge or $40K drop forecast

GrafaGrafa2024/10/25 10:37
By:Mahathir Bayena

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.

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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.

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