Bitcoin price predictions: experts summary

Here are some expert price predictions for Bitcoin. Please be advised: this is real hopium.

Individual experts:

Adam Back - CEO Blockstream

Adam back, stated in August that Bitcoin could hit $100,000 before the 2024 halving. Robert Kiyosaki - Author and investor, Bitcoin could hit $100,000 before 2024 halving depending on the US and World economy. Robert recently said Bitcoin could even soar to $1 million if the world economy crashed.

Cathie Wood - CEO of global asset manager ARK Investment Management

Estimates Bitcoin could be $1 million by 2030 back in June 2023. “Bitcoin is a hedge against inflation” – a view shared by many other experts.

Mike Novogratz - CEO of crypto investment firm Galaxy Digital

Said Bitcoin would undoubtedly reach $500,000 in the next five years or so due to its adoption pace and unique features, such as being “tailor-made to being an anti-inflation store of value.”

Tom Lee - Fundstrat Global Advisors co-founder.

He believes that Bitcoin is heading toward $180,000 by the end of 2024, particularly if the US Securities and Exchange Commission (SEC) approves a spot Bitcoin exchange-traded fund (ETF).

Arthur Hayes - Co-founder of crypto exchange BitMEX.

He sees $70,000, slightly above Bitcoin’s all-time high (ATH) of $69,045 from November 2021 by the end of 2024. Michael Saylor - Former CEO of Microstrategy, predicts that Bitcoin will be over $1 million dollars within the next 10 years.

Companies:

Pantera Capital

One of the leading names in crypto asset management, highlighted its bullish outlook for 2024 and projected that Bitcoin could rise to around $148,000 in its next four-year halving cycle if past trends hold. SeekingAlpha, Investment Research Group, states that Bitcoin is undervalued at $30k and expects it to reach $44k in 2024 and hit a new all-time high in 2025 as it moves above $100k.

Standard Chartered

One of the leading international banks in the United Kingdom that offers Bitcoin and crypto custody in the European Union through its subsidiary, Zodia Custody, has recently boosted its original $100,000 end-2024 forecast for Bitcoin to $120,000.

Lastly, a report conducted by a panel of industry specials including 29 individuals also provided their thoughts on the future price of the digital asset.

Here is a brief summary of their combined estimates:

End of 2023 - BTC's price is expected to rise between $38,488 to $41,752 as an average by year-end 2023.

End of 2025 - BTC price expected to reach $100,293 (average) by 2025.

End of 2030 - BTC price expected north of $289,159 with high end estimates around $1 million.

Sources: https://www.finder.com/bitcoin-price-prediction-2023 https://finbold.com/10-expert-bitcoin-price-predictions-for-2024/

Disclaimer: This is not a financial advice. I do not promote the use of any of these apps. Always DYOR.

While commenting, please respect other's opinion (and mine)!

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^{Note: I am not a native English speaker, if you find any mistake please point them out in the comments so I can correct them!}