Bitcoin price will rise to $318,417 by December 2025, reach $160,000 by the end of year

By Selena On Jul 19, 2021

Despite the Bitcoin market falling into the doldrums, many are still optimistic that the price will move higher in the near term, namely to $318,417 by December 2025.

Crypto experts predict Bitcoin price rising to $318,417 by December 2025

This is the result of research from Finder, a major product comparison website, on Bitcoin’s popularity and future prospects. With 42 cryptocurrency experts as well as historical data and information, the majority of panelists (61%) say Bitcoin is currently undervalued and on average the panel expects Bitcoin to end 2021 at $66,284. This is 28% higher than the panel’s end-of-2021 prediction back in December 2020, but 30% lower than the end-of-2021 prediction in April of this year.

41 out of 42 respondents answered this question | Source: Finder

Bitcoin has roughly halved in value from its all-time high earlier this year, currently hovering around $30,000. Yet despite recent news of Bitcoin entering a “death cross”, whereby BTC’s 50-day trend line fell below the 200-day moving average, the market is not moving toward a bear market, according to the majority (62%) of panelists. However, 17% say we are, and the remaining 21% are uncertain.

42 out of 42 respondents answered this question | Source: Finder

The market is simply experiencing a retail flush, rather than heading toward a bear market. This raises the question, how low will BTC go in this cycle? Overall, some think BTC will drop to $25,112, the median forecast from the 23 participants who responded.

23 out of 42 respondents answered this question. Mean is the average of the 23 predictions from the panel

As AZCoin News reported, negative news around China’s ban spooked the market and forced institutional buyers back into their holes. This in combination with sentiment finding a bottom, along with price, means that Bitcoin should be heading to greener pastures now that we have news of big buyers looking at crypto again.

While there may be some bearishness in the medium term, the panel predicts that by December 2025, the BTC price will rise to $318,417. This is 61% higher than the panel’s end-of-2025 prediction in December 2020, but 12% lower than that in April.

Morpher CEO Martin Fröhler was the most bullish about BTC on the panel. With a year-end prediction of $160,000, he stated:

“Adoption by corporations and institutional investors paired with a loose monetary policy and high asset inflation will propel BTC to 6 figures before the end of this year. The next halving cycle will see increased adoption of BTC as a legal tender by developing countries, and until 2030, Bitcoin will have replaced gold as a global reserve asset.”

However, higher rates of cryptocurrency adoption will put upward pressure on Bitcoin’s price.

According to the survey, Bitcoin maybe is on an upward trend, predicting BTC will end 2025 at $210,000 and 2030 at $400,000, with halving events and inflation taking prices upward.

Source: Finder’s Cryptocurrency Predictions Report

Finally, on the question people are most concerned about, is Bitcoin replacing fiat currency. Then 54% of the panel thinks hyperbitcoinisation – the moment that Bitcoin overtakes global finance – will happen by 2050. 29% think it will happen as soon as 2035 and an additional 20% by 2040. Meanwhile, one panelist (2%) thinks it will happen but on a much longer timeline and 44% of panelists don’t expect hyperbitcoinisation to ever occur.

Furthermore, it is also important to pay attention to the actions of possible competitors on the Bitcoin price. Some of the main competitors to consider include Ethereum, XRP, Bitcoin Cash, Dash, and Litecoin.

Read more: