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According to the latest crypto-prediction report published by the product comparison platform finder.com, 77% of 53 fintech specialists surveyed say that the cryptocurrency markets are officially in a “crypto winter.” The survey further explains that only 29% of the report’s participants believe that the bear market will end in 2022. While bitcoin is expected to exceed $ 100,000 per coin by 2025, Finders experts believe that bitcoin will bottom out at $ 13,676 per unit, but also end in 2022 to $ 25,473 per unit.
Finder.com published a new forecast saying that bitcoin (BTC) will fall to $ 13,676 per unit this year, according to 53 surveyed fintech specialists. While the report notes that experts believe the bottom will be around $ 13,676 per BTC, they also expect the leading crypto asset to end the year at $ 25,473 per coin.
The panelists’ prediction is very much in line with the 80% fall theory as BTC has lost more than 80% from the highest price ever in all major bear markets. At the time of writing, BTC is down over 72% lower than the $ 69K all-time high (ATH) recorded on November 10, 2021.
In mid-June, Bitcoin.com News reported on what prices would look like if BTC and ETH followed the same bear market patterns as they did in previous years. The calculation shows that a deduction of 80% from BTC’s ATH in November 2021 will be approximately $ 13,800 per unit.
Finder’s prediction report indicates that BTC’s expected bottom value for 2022 is a touch more than 80% lower than ATH. However, Martin Froehler, CEO of Morpher, has a different view, and he expects a much lower base price. Froehler told Finders researchers that BTC is likely to fall to $ 12K per unit, before jumping back to $ 40K by the end of the year.
“It is reasonable to expect several major projects to fail over the next few months,” Froehler explains in Finder’s prediction report. “Retail sentiment is at an all-time low due to global economic uncertainty and inflation. Highly mortgaged miners, who only had to digest the China exodus, will capitulate and increase the downward pressure even more. We will see even lower Bitcoin prices. “
Finder’s study further states that while only 29% of panelists believe that the crypto bear market will end this year, 46% believe that the crypto polarizer will continue until 2023 and 24% believe it may last until 2024. Paul Levy, senior lecturer at the University of Brighton, said that he estimates that the bear market will continue until 2023, and bitcoin will end the year at $ 15,000 per unit before returning.
“Bitcoin is likely to bounce back in 2023, which may in fact lead to inflated expectations and further instability. Much depends, of course, on world events such as the war in Ukraine and its own ongoing impact on global confidence,” said a senior lecturer at the University of Brighton.
The product comparison platform finder.com has published a number of cryptocurrency prediction reports, and the forecasts are just guesswork and conjecture. For example, Finder’s researchers conducted an opinion poll on Terras LUNA just before the cryptocurrency’s passed away, and a large number of Finder’s experts had high hopes for the future value of the digital asset.
According to the LUNA survey, Finder’s experts predicted that LUNA (now luna classic) would be $ 143 before the end of the year. With luna classic (LUNC) trading at $ 0.00009522 per unit, the chance that it will reach $ 143 is without a doubt an impossible achievement.
In the latest bitcoin prediction report, Vetle Lunde, an Arcane Research analyst, said that bitcoin will bottom out at $ 13K per unit and end 2022 at $ 20K. “A myriad of negative forces have crushed the strength of bitcoin … Further tightening and liquidation of bad cryptocurrencies will create sober times ahead, and investors should brace for more difficulties,” Lunde explained.
In April last year, Finder’s BTC prediction report showed that panelists expected bitcoin to reach $ 179,280 by 2025 and $ 420,240 by 2030. Today, however, these predictions are much lower, as fintech specialists from the latest report estimate that BTC is worth $ 106,757 by 314,231 $ and $ 4. by 2030.
What do you think of the latest finder.com survey that attempts to predict the future value of bitcoin? Tell us your thoughts on this topic in the comments section below.
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