Finder analysts predict the growth of BTC to $270 000 by 2030

What’s new? Finder, an Australian-based financial services company, has conducted a survey among its experts to find out their expectations for the future price of bitcoin. According to experts, BTC will be trading at $21 344 by the end of 2022. As for the long-term outlook for the asset’s rate, analysts expect it to rise to $79 193 (up 313%) by 2025, and to $270 722 (up 1313%) by 2030. As of October 21, 10:30 UTC, BTC is trading at $18 989, having lost 0,89% in 24 hours, according to crypto exchange Binance.

Finder’s report

What else does the report say? Finder’s panel of fintech specialists believes that BTC will trade in a narrow price range in the coming months. They predict that it will end 2022 at around $21 344, a 12,5% increase over the current price.

Survey results in January, April, and July were more optimistic. At that time analysts believed that the rate of BTC will be $76 360, $65 185, and $25 473 by the end of the year, respectively. According to experts at Finder, even though the current predictions are lower than previous ones, they expect “a similar upward trajectory for the price of bitcoin, only starting from a lower base.”

77% of respondents believe bitcoin is a good store of value. Among them is Serhii Zhdanov, CEO of the EXMO crypto exchange. In his opinion, bitcoin could grow to $1 million by 2030. Zhdanov believes that nothing has changed fundamentally for the first cryptocurrency. The capitalization of the crypto market has declined, and bitcoin has suffered in the short term, but it will recover, while other financial assets will not, the entrepreneur added.

According to investor Veronica Mihai, bitcoin has attracted the attention of regulators because of its correlation with traditional financial markets, but if it decouples, the first cryptocurrency could become a store of value. Mihai predicts that bitcoin will be worth $10 300 by the end of the year.

Despite the bear market and ongoing economic turmoil, only 10% of survey participants believe that now is a good time for investors to sell their BTC. 46% believe that people should increase their position, while 44% advise HODLing the asset.

Respondents about ETH. The majority of experts surveyed said that changing the consensus algorithm of the Ethereum blockchain will favorably affect the price of the asset in the future. 23% believe that ETH will be able to overtake bitcoin in market capitalization in 2024, while 6% believe this will happen in 2023.

Pedro Febrero, vice president of Web 3.0 at the RealFevr marketplace, said that ETH will surpass bitcoin in market capitalization in 2025. Despite this, he expects BTC to remain a valuable asset, outperforming most alternative coins and non-crypto assets. According to Febrero, “the least volatility of all the cryptos could perhaps prove a reason for new players to buy into BTC.”

Bitcoin has a market capitalization of $364 billion and ETH is worth $156,5 billion, according to CoinMarketCap.

On October 10, analysts at Bloomberg pointed to a drop in the volatility of BTC to its low in 2 years, noting that the asset has been trading in the range of $20 000 for the last four months. Some experts, interviewed by the publication, indicated the narrowing of the Bollinger bandwidth indicator, they tend to consider it as a sign of the imminent intensifying fluctuations of BTC and a possible drop in its price. Analysts at Glassnode are of the same opinion, also pointing to a prolonged consolidation of the asset’s price.

Analytics firm Messari reported a drop in bitcoin volatility to a two-year low — the indicator is 18,83. Experts studied the 30-day volatility index (BVOL) of the asset, developed by the BitMEX crypto exchange, and also noted that the first cryptocurrency is currently trading in a narrow price range.

Experts at Arcane Research noted that the correlation of open interest in futures and perpetual contracts on bitcoin to its capitalization reached a new high. They also concluded that this may indicate a sharp increase in volatility in the near future.