2022-04-24 15:55:00
Bitcoin News: Experts Reveal What BTC Will Be Worth This Year — and Big Threat for the Future
Dozens of experts believe Bitcoin will be worth hundreds of thousands of dollars by 2030 — but one warns the world's biggest cryptocurrency will shrink to just $100.
According to Finder, the specialists are also especially bullish in the long term — and believe BTC will be worth $179,280
by 2025, and $420,240
by 2030.
Morpher CEO Martin Fröhler said he
was bullish on this year's prospects — adding "
political uncertainty, inflation, and an ever increasing desire to own non-government controlled assets will propel Bitcoin to new all-time highs."
But CoinJar's CEO Asher Tan was more cautious — and believes "
macroeconomic headwinds" will leave BTC bouncing around
between $30,000 and $60,000 for most of 2022.
And in another sign that bullish sentiment has cooled in recent months, the average end-of-year forecast of $65,185 for Bitcoin is about
15% lower than what was predicted back in January.
Explaining why Bitcoin's days as the world's biggest cryptocurrency may be numbered, Thomson Reuters technologist Joseph Raczynski said:
"Bitcoin is a one trick pony. For now it really only serves as another currency, akin to a dollar, euro, or pound. Other blockchains that serve a multitude of purposes will likely have a chance to take the throne."Some of those polled believe Bitcoin's price could
suffer hugely if it is superseded by a rival cryptocurrency.
University of Canberra senior lecturer John Hawkins believes Ethereum will become the top dog in the years ahead — and as a result, BTC will plummet to $5,000 in 2025 and
just $100 in 2030. He said:
"As well as private crypto being replaced by CBDCs, and a general collapse of the speculative bubble, I think Bitcoin will lose out to Ethereum which has a stronger use case, especially if Ethereum ever converts to PoS and so becomes more environmentally responsible."
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