- PostedJuly 14, 2022
- Byalletec
Post Views: 104
PrevPrevious
NextNext
According to the latest crypto prediction report published by the product comparison platform finder.com, 77% of 53 fintech specialists polled in the report say cryptocurrency markets are officially in a “crypto winter.” The poll further explains that only 29% of the report’s participants believe the bear market will end in 2022. While bitcoin is expected to surpass $100K per coin by 2025, Finder’s experts think bitcoin will bottom out at $13,676 per unit, but also end 2022 at $25,473 per unit.
The panelists’ prediction is very much aligned with the 80% drop theory as BTC has lost more than 80% from the all-time price high during every major bear market. At the time of writing, BTC is down over 72% lower than the $69K all-time high (ATH) recorded on November 10, 2021.
Finder’s prediction report indicates BTC’s expected 2022 bottom value is a touch more than 80% lower than the ATH. However, Martin Froehler, the CEO of Morpher, has a different outlook, and he expects a much lower bottom price. Froehler told Finder’s researchers that BTC will likely drop to $12K per unit, before jumping back to $40K by the year’s end.
“It’s reasonable to expect to see more big projects fail in the next couple of months,” Froehler explains in the Finder’s prediction report. “Retail sentiment is at historic lows due to global economic uncertainty and inflation. Highly leveraged miners, who just had to digest the China exodus, will capitulate and increase the downside pressure even more. We will see even lower Bitcoin prices.”
Finder’s study further says that while only 29% of the panelists believe the crypto bear market will end this year, 46% think that the crypto winder will continue until 2023 and 24% believe it could last until 2024. Paul Levy, a senior lecturer at the University of Brighton, said he estimates the bear market will continue until 2023 and bitcoin will close the year at $15K per unit before bouncing back.
“Bitcoin will likely bounce back in 2023 which may actually lead to inflated expectations and further instability. Much of course depends on world events such as the war in Ukraine and its own ongoing impact on global confidence,” the University of Brighton senior lecturer noted.
According to the LUNA poll, Finder’s experts predicted LUNA (now luna classic) would be $143 before the end of the year. With luna classic (LUNC) trading for $0.00009522 per unit, the chances of it reaching $143 is arguably an impossible feat.
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 has crushed the strength of bitcoin… Further tightening and unwinding of bad crypto debts will create sobering times onwards, and investors should buckle up for more difficulty,” Lunde explained.
Last April, Finder’s BTC prediction report had shown panelists expected bitcoin to reach $179,280 by 2025 and $420,240 by 2030. Today, however, those predictions are much lower, as the fintech specialists from the latest report estimate BTC to be worth $106,757 by 2025 and $314,314 by 2030.
What do you think about the latest finder.com poll that attempts to predict bitcoin’s future value? Let us know your thoughts about this subject in the comments section below.
- Tags:crypto, crypto adoption, Crypto Mining, crypto news, Cryptocurrency
PrevPrevious
NextNext
Other Press Releases
GrowthZone AMS Releases 2022 Chamber of Commerce Industry Survey Results
January 29, 2022
GrowthZone, provider of member management software, has released its 2022 Chamber Industry Survey results. Topics covered in the survey include membership renewal and retention numbers; values and policies; current initiatives
Read More »
Tibbs Paving announces a new, emergency asphalt-repair service. Infrared Asphalt Repair technology is one part of a recent $1 million investment in equipment.
February 10, 2022
Tibbs Paving announces Infrared Asphalt Repair, a new service to make emergency asphalt repairs, even during the coldest months. According to the American Society of Civil Engineers’ 2017 Infrastructure Report
Read More »
How to Start a Cleaning Business: An Indepth Guide (6 Simple Steps)
July 19, 2022
The post How to Start a Cleaning Business: An Indepth Guide (6 Simple Steps) appeared first on DollarBreak. source
Read More »
Author Infomation
alletec
Featured Image
Recent Press Releases
The Appliance Tech Guide To Buying A New Home Appliance
March 8, 2024
Should You Consider Eating Protein Bars From Crickets?
February 27, 2024
Are Orthoptera Protein Bars Safe to Eat?
February 27, 2024
The Environmental Benefits of Orthoptera Protein Bars
February 24, 2024
The nutritional value of crickets compared to other common sources of protein
February 24, 2024
The Appliance Tech Guide To Buying A New Home Appliance
March 8, 2024
Should You Consider Eating Protein Bars From Crickets?
February 27, 2024
Are Orthoptera Protein Bars Safe to Eat?
February 27, 2024
The Environmental Benefits of Orthoptera Protein Bars
February 24, 2024
The nutritional value of crickets compared to other common sources of protein
February 24, 2024