Finder’s Experts Predict Bitcoin to Reach $29K in 2023, but Expect to Fall Below $13K – Markets & Prices Bitcoin News

Bitcoin’s price is set to rise in 2023, but crypto and fintech experts polled by product comparison web portal don’t believe the leading digital asset will break the $30,000 range this year. Finder’s panel of 56 experts gathered to make their bitcoin price forecast for 2023, and the panelists suggest that bitcoin will reach $29,095 this year.

Experts weigh in on Bitcoin’s Future Price: Will it hit six figures by 2030? produced another report with 56 experts from the cryptocurrency and fintech industry, which aims to predict the future price of bitcoin. Today, January 24, 2023, bitcoin (BTC) is trading at just under $23,000 per unit, the highest price since the FTX crash in November 2022. A recent BTC predictions report published by suggests that there is a consensus. bitcoin will reach $29,095 this year. However, the leading cryptocurrency is projected to end at around $26,844 per unit in 2023.

Furthermore, Finder’s panelists expect a deep drop to $13,067 per unit. Seasonal Tokens creator and founder Ruadhan O believes bitcoin will reach $27,000 per unit due to concerns about centralized entities in the crypto industry. “The price is low because possible imminent disasters are priced in,” Ruadhan O told the Finder researchers. “By the end of the year, market sentiment will change and once the fear subsides, the market will rediscover the scarcity of bitcoin.”

About 21% of panelists expect institutional investors to exit the cryptocurrency market for various asset classes this year. About 65% of Finder experts, including Fxpro’s chief market analyst Alexander Kuptsykevich, believe that bitcoin is undervalued. “The phase of the most active cryptocurrency sale is over. 2023 will be a year of cautious price recovery. However, the real FOMO market is unlikely to arrive until 2024-2025,” Kuptsikevic noted.

Finder’s Experts predict a decline in Bitcoin’s value, but see long-term growth potential

Finder’s reports that 16% of panelists believe that BTC is currently overvalued, but the vast majority of 56 panelists believe that bitcoin will be worth more after the next halving in 2024. The panel currently predicts that the value of BTC will increase to $77,492 in 2025. In 2030, bitcoin will be worth $188,451 per coin in the six-figure zone. Damian Chmiel, chief analyst and editor of Finance Magnates, predicts that in 2025, bitcoin will be worth about $70,000 per unit.

However, Chmiel insists that two things need to happen: for Wall Street excitement to return to cryptocurrencies and for the US Federal Reserve to end its current monetary tightening policy. “The first won’t happen without the second, and for now we just have to wait patiently,” Chmiel said. “In the long run, I believe bitcoin will be a popular choice among traders,” added the senior analyst at Finance Magnates.

The latest Finder’s forecast from gathered experts is completely different from the January 2022 predictions. Around the same time last year, Finder surveyed 33 cryptocurrency and fintech experts, and the group predicted that BTC would end 2022 at $94,000 per unit. On December 31, 2022, BTC ended the year at $16,544 per unit before entering 2023. Finder’s experts came together in October 2022 with a brand new forecast predicting that BTC will end 2022 at $21,000 per unit. It’s safe to say that Finder’s crypto and fintech experts are less optimistic about crypto winter and the current macroeconomic environment.

You can check out Finder’s bitcoin price forecast report in full here.

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What do you think about the experts’ predictions about the future price of bitcoin? Do you agree or disagree with the predicted peak and trough prices for 2023 and beyond? Share your thoughts and ideas in the comments below.

Jamie Redman

Jamie Redman is Head of News at News and a fintech journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for News about disruptive protocols emerging today.

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