BTC expected to reach $79,000 by 2025 (Finder)

• BTC will be worth $21,344 in December 2022 and $79,193 in 2025.

• 77% of panelists still view BTC as a store of value despite the market crash.

• 56% of panelists think BTC is undervalued.

Bitcoin (BTC) will be stable for the rest of the year, but 2025 could see the cryptocurrency reach new highs never seen before, according to Finder’s latest report on BTC price predictions.

Finder’s panel of 55 fintech and cryptocurrency experts believe BTC will be worth $21,344 by the end of 2022, before skyrocketing to $79,193 in 2025.

Justin Hartzman, CEO of CoinSmart Financial, thinks BTC will end the year with a value of just $17,000, but says it could hit $75,000 by 2025.

“Bitcoin is suffering due to external macro conditions. My price prediction for 2025 will depend on the aftermath of the halving. If macro conditions improve and the regulatory environment improves, then the price of BTC should be able to rally.”

The majority of the panel (53%), including Bitcoin Reserve CEO Nik Oraevsky, believe the price of bitcoin will continue to be correlated with high-growth tech stocks.

“BTC has a high beta compared to traditional markets. And traditional markets are in big trouble. It all depends on fiscal policy and Fed talk in the next quarter,” he said.

Despite the market downturn and bitcoin’s share falling below 40%, the majority of panelists (77%) still see bitcoin as a store of value.

Managing Director of Digital Capital Management, Ben Ritchie, noted that bitcoin has institutional demand as a store of value rather than as a currency.” He believes BTC will be worth $30,000 in December 2022 and $150,000 dollars in December 2025.

Delta by Nicolas Van Hoorde, CEO of eToro, still sees BTC as a store of value, but he says “bitcoin has proven to be a worse inflation escape” than he expected .

Despite conservative short-term price predictions, the majority of the panel (56%) believe that Bitcoin is currently undervalued.

FV Bank CEO Miles Paschini says “the fact is that [si] you believe in the principle of bitcoin as a unique and limited store of value, then its scarcity is not currently assessed.”

However, 19% of panelists, including Omnia Markets Founder and CEO Mitesh Shah, believe the price of BTC is overvalued. Mitesh Shah thinks BTC will end 2022 at $16,000 and warns that further declines are to be expected.

“While bitcoin has primarily been a store of value during times of uncertainty, the crypto market is heading into territory it’s never known. As global traders capitulate to their investments, bitcoin will experience new declines this year.

Meanwhile, Thomson Reuters technologist and forecaster Joseph Raczynski is among the remaining 25% who believe BTC is getting the price it deserves, pointing to its competition with Ethereum.

“BTC is almost being pulled and pushed by ETH now. People are finally recognizing that Ethereum is the true leader of the web, and BTC is being tossed about in its wake,” he said.

54% of Finder’s panel believe Ethereum will eventually overtake BTC in market capitalization, with more than a quarter (29%) believing this will happen as early as 2024. However, this is down from to July 2021, where 68% of panelists anticipated the flippenning event to occur at some point.

Lee Smales, a professor of finance at the University of Western Australia, thinks the price of BTC is overvalued and expects flippenning to happen as early as 2023. He is also among the 27% who think the engagement of bitcoin in favor of the proof-of-work model will slow significant progress in energy consumption of cryptocurrencies.

“The stock market will fall further before the end of 2022 and BTC will follow it down. BTC will attract more bad publicity to the PoW model now that ‘The Merge’ seems to have worked well.”

SEBA Bank Head of Research Yves Longchamp believes the flippening will happen in 2024 however he also believes that BTC is undervalued given its positioning as “digital gold” and that The Merge is a positive for the crypto industry.

“Bitcoin and Ethereum are not in competition, they have different value propositions,” he said.

Overall, 46% of panelists say it’s time to buy BTC, 44% advise to hold, and 10% think it’s time to sell.

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BTC expected to reach $79,000 by 2025 (Finder)

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