Australian comparison website Finder.com surveyed 50 fintech experts to predict Bitcoin price from now to the end of 2021.
Participants included Nik Oraevsky, CEO of Bitcoin Reserve, Grant Wilson, Head of Exante Data, Asia Pacific Region, and Robert Johnson, Professor of Finance at Creighton University.
The survey was conducted at the end of September and required future predictions for the Bitcoin price from now to 2021, 2025 and 2030.
Bitcoin ETF Bitcoin Prediction for Late 2021
Most of the interviewees believe that by the end of the year, the price of Bitcoin will stabilize at $70,000 after it crosses $80,000.
The survey was also conducted in December 2020 and July 2021. In the first case, the estimated value of Bitcoin by the end of 2021 is 51,000 USD. In July, the valuation was reported to be $66,000.
Bitcoin price in 2025 and 2030
Experts interviewed by finder.com predict that Bitcoin will be worth around $250,000 by 2025 and an astronomical $5 million by 2030.
46% of people think now is the time to buy BTC, while the same percentage think it’s time to put them in their wallets. Only 8% of samples think the point of sale has come.
Another very popular topic right now is Bitcoin ETFs. According to the survey, 60% of people are in favor of issuing such a tool, 22% are against it and 18% are still unsure about the issue.
Reasons driving Bitcoin’s growth
One of the survey participants, Rob Chang, CEO and Director of Gryphon Digital Mining, explained his predictions for Bitcoin’s growing adoption, predicting that BTC will hit a high of $111,000 this year.
“I believe we are on the verge of rapid adoption of Bitcoin. Bitcoin will outperform El Salvador and Twitter into a more traditional arena. If this happens, the public will be increasingly exposed to Bitcoin. I’ve never heard of such a change. The mainstream will drive the price of Bitcoin over the next few years.”
According to other experts, an important driver for the Bitcoin price may be the recent approval of the Bitcoin ETF.
Will Bitcoin Price Reach $80,000 by the End of 2021? It first appeared in Cryptonomist.
Information Source: 0x information compiled from CRYPTONOMIST. Copyright belongs to the author Vincenzo Cacioppoli and may not be reproduced without permission.