Bitcoin’s future value remains a topic of great interest, as reflected in Finder’s latest survey capturing expert opinions on its trajectory. The survey predicts that BTC will reach $77,636 by the end of 2024, with long-term projections indicating growth to $113,364 by 2025 and $282,238 by 2030. Despite this cautious optimism, opinions are divided, particularly regarding the mainstream adoption of bitcoin for everyday transactions.
Bitcoin’s Future: Varied Predictions and Slow Prospects for Adoption
Finder’s survey, conducted in October 2024, provides a comprehensive outlook on the projected value of bitcoin over the coming years. The survey incorporates insights from 28 cryptocurrency specialists.
“On average, our panelists anticipate that bitcoin (BTC) will have a value of $77,636 by the end of 2024, slightly lower than the $87,169 predicted in our July report. Looking further ahead, they expect the price of BTC to rise to $113,364 by the end of 2025 and $282,238 by the close of 2030,” the company explained.
These figures indicate a cautious optimism regarding bitcoin’s growth over the next decade. However, the panelists hold diverse views regarding BTC’s future. Finder elaborated:
“Our most optimistic panelists foresee BTC trading at $125,000 by the end of 2024, while our most pessimistic panelist believes it will drop significantly below its current value, reaching $40,000 by year-end.”
Despite these fluctuations, the majority of the panelists believe that now is a favorable time to invest in BTC. Finder stated:
“Specifically, 61% believe that bitcoin is a worthwhile investment at its current price, while 32% believe it is a good time to hold the asset. Only 7% believe it is time to sell.”
This reflects a confidence in BTC’s potential, even amidst short-term volatility. However, when it comes to the wider adoption of bitcoin, the panelists are less optimistic. When asked about their expectations for BTC to be widely used for everyday purchases in developed nations like the U.S., most experts do not foresee this happening in the near future. Finder described the responses:
“Nearly one-third (32%) stated that it will never happen, 21% believe it will occur by 2030, and 11% predict 2036 or later.”
