A comparison site that has a presence in 83 countries, finder.com, recently released its quarterly report predicting the price of bitcoin in 2021, and the panelists are very optimistic about the future value of bitcoin. A number of experts, including 35 financial technology specialists, believe that bitcoin will pass the $100,000 mark this year.
A first quarter forecast study shows that experts believe the price of bitcoin will reach the six figures this year.
Bitcoin advocates and crypto currency enthusiasts believe that the crypto currency economy will continue to flourish beyond 2021, which concludes the first quarter. On Monday, comparison site finder.com published another predictive report estimating the value of today’s major crypto assets in terms of market capitalization. BTC has had an impressive run in 2021. Finder asked 35 experts for their opinions on where the stock should be this year and when the rally might end.
Finder spoke with Samantha Yap, Founder and CEO of YAP Global, Tony Guoga, CEO of Cypherpunk Holdings Inc, Sagi Bakshi, CEO of Coinmama, Lex Sokolin, Chief Economist of Consensys, Vladislav Ginzburg, CEO of Blockparty and many other crypto industry leaders.
Of the 35 panelists, almost half (48.48%) said it was a good time to buy BTC. 39.39% of participants said to wait, while 12.12% said it would be better to sell.
During this quarterly meeting, Martin Fröhler, CEO of Morpher, and Julian Hosp, CEO and Director of Cake Pte Ltd, gave the highest predictions for BTC made by Finder. Management estimates that the price of bitcoin (BTC) could reach $250,000 or $200,000 and attributes its bullish strength to BTC’s parity with gold.
Bitcoin is the ultimate long-term store of value and will gradually replace gold and bonds in that role, Freler said after sharing this prediction.
Meanwhile, he received an above-average year-end forecast of $150,000 after two high forecasts from Protocol of Origin co-founder Josh Frazier. According to Fraser, it all comes down to supply and demand, noting that demand will only increase while supply decreases.
A third think the bull market will end in the fourth quarter, nearly a third think it will end in the third quarter.
Another prediction, under $100,000, comes from Rouge International’s executive director, Desmond Marshall. According to the executive director of Rouge, the shortage will push BTC up to a point where people will hoard gold and limit normal trading because people will refuse to sell.
Marshall’s year-end forecast on finder.com is $65,000 per unit. Moreover, more than a third (36.36%) of those surveyed believe that the bull market for BTC will last until the fourth quarter of 2021. Almost a third (30.30%) say it will only last until the third quarter of this year.
Participants in the Finder survey think a major hack could happen in 2021, with 26% thinking this is very likely. In addition, 32% of the 35 panelists think a large company like PayPal or Tesla could leave the market. So far, optimistic developments in this area have driven up the price of BTC. This trend will continue to drive bitcoin, according to Simon Trimborn, associate professor at the City University of Hong Kong, in a study.
Developments such as Coinbase’s listing and corporate investment in bitcoin have the potential to push prices higher, Trimborn writes.
Bitcoin is considered undervalued and could reach $1 million by 2025
Although bitcoin (BTC) has risen steadily over the past six months, about 51.52% of respondents believe that BTC is still undervalued. 24% say they think bitcoin is overvalued, and about the same number of panelists think it is currently quite expensive. Sarah Bergstrand, CEO of Bitbull Capital, said BTC will one day be worth $1 million per coin. She says 2025 may be too far away to predict such a price, but she thinks it could come true.
She is not alone in making this prediction, as noted in the Finder report.
Two panelists agreed with Bergstrand’s prediction, as Coinmama CEO Sagi Bakshi and LMAX Group crypto-currency strategist Joel Krueger also predicted that the price of BTC would reach $1 million by 2025.
The only question to ask in terms of long-term valuation is whether you think bitcoin will still be around in 2025. If the answer to this question is yes, then the economy supports a much higher estimate. It’s as simple as that, Krueger said.
At the end of Finder’s report, the study shows what the panelists think about who owns the most BTC.
Institutional investors currently have the smallest market share (25.07%), the report said. Small investors (28.23%) and whales (46.70%) follow, according to the panel average. Finders’ training with 35 high-tech professionals can be read in full here.
What do you think of Finder’s research and panelists’ predictions for the price of bitcoin in 2021? Let us know what you think in the comments below.
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$1 million, $100,000, $200,000, $250,000, bitcoin, bitcoin (BTC), bitcoin predictions, Desmond Marshall, Finder Report, Finder Poll, Joel Kruger, Josh Frazier, Julian Hospice, Martin Froehler, Sagi Bakshi, Sarah Bergstrand, Simon Trimborn
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