A new study by the portal “Finder” has dealt in detail with Bitcoin’s price prospects for 2021 and beyond. Spoiler: It gets bullish.

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Bitcoin’s Way to Six-figure Prices

Participants of the expert panel included renowned experts such as John Hawkins, lecturer at the University of Canberra, Bobby Ong, co-founder of the crypto data portal CoinGecko, Celsius Network CEO Alex Mashinsky, Dr. Iwa Salami, expert in FinTech regulation from the University of East London or Forrest Przybysz, senior crypto investment analyst at Token Metrics. A total of 42 participants from the fields of technology, finance and science were surveyed.

Topics discussed included Bitcoin’s price predictions for 2025 and 2030, the question ” Is Bitcoin in a bear market?”or whether Bitcoin will one day replace fiat currencies like the dollar.

Allnodes CEO and founder Konstantin Boyko-Romanovsky, for example, is optimistic about the current state of the markets. He says:

“I don’t think BTC and the crypto market are entering a severe bear market.“

Finder co-founder Fred Schebesta sees it the same way and agrees:

“While we are currently bearish, announcements from major players could very quickly lead the market out of this bearish trend.“

Experts are becoming extremely optimistic about the question of how high the number 1 cryptocurrency by market capitalization will rise by 2025 and 2030, respectively. According to the panel’s forecast, the Bitcoin price will be $ 318,417 by December 2025! Some are even more optimistic, assuming that Bitcoin will be worth more than $ 4 million per coin by December 2030(exactly $ 4,287,591)! Justin Chuh, Senior Trader at Wave Financial, also explains how Bitcoin could rise to this extremely high valuation:

“The halving events and inflation on the way to 2025 and 2030 are likely to trigger the larger upward movements. Prices are likely to be continuously driven by supply and demand, less by availability for a larger group of users.“

But there are also divergent assessments: Elvira Sojli, for example, a professor at the University of New South Wales, expects BTC to crash brutally by 2030. She therefore predicts a Bitcoin price of only 100 dollars.

Forecast: Bitcoin to Dominate Finance in 2050

54% of survey participants also believe that Bitcoin (to buy from eToro or Libertex) will become the dominant force in global finance by 2050. However, 44% are convinced of the opposite and say that it will never happen. 33% are convinced that Bitcoin will become the preferred currency in developing countries within the next ten years. Amber CEO Aleks Svetski also assumes, referring to El Salvador’s Bitcoin law, that this momentum will continue to increase. These” broken nations “would see a rapid transformation as Bitcoin”undermines the nation-state model.”

You can read the entire Finder study here.