Compared to more well-established asset classes, the price of bitcoin is even harder to forecast and more vulnerable to market forces. However, we still made the decision to consult some experts for their best projections for 2022.
Cryptocurrencies and the stock market have both experienced a terrible first half of 2022. In a period of a weakening economy, higher inflation, and rising interest rates, investors have shied away from risky investments. According to a Deutsche Bank research, bitcoin might return to $28,000 by the end of the year given that Wall Street is now in a bear market and experts anticipate it to continue for a few more months. However, according to a 53-expert panel cited by Finder, the price of bitcoin will at least $25000.
The lowest price of the year for bitcoin hasn't been reached yet, according to one expert. Given that it has a history of correcting up to 85% during previous bear markets, crypto market researcher Wendy O anticipates a collapse in bitcoin to as low as $10,000. According to O, the largest cryptocurrency reached its all-time peak in November 2021 at about $68,000, thus an 85% correction would bring it down to about $10,000.
But it won't be a straightforward shot down. O's technical analysis indicates that bitcoin has multiple resistance levels, so before it bottoms out this year, we'll probably see a wild upward reversal.
After falling from its most recent all-time high in November, the price of bitcoin was simple to anticipate at $100,000 late last year. The prediction game has become even more difficult after bitcoin's significant decline.
As of November 2021, Kate Waltman, a certified public accountant specializing in cryptocurrency with a base in New York, predicted that bitcoin would reach $100,000 in Q1 2022 or earlier.
However, analysts currently believe that bitcoin will fall far short of the $100,000 threshold in 2023. According to Jurrien Timmer, head of global macro at Fidelity Investments, it is more probable that bitcoin will be in the $40,000–$50,000 area in the upcoming year.
I know how much bitcoin is worth and how much it will be worth in the future, he claims. Bitcoin will appear much better at $30,000 than at $70,000 if the demand model predicts that its intrinsic value will be $50,000 today and $100,000 in two years.
According to a poll of almost 4,400 Americans conducted by intelligence firm Morning Consult, cryptocurrency investors anticipate bitcoin will rebound to about $38,000 by the beginning of 2023. Similarly, Chris Brendler, senior research analyst at D.A. Davidson, believes that by the end of this year and by the end of 2023, bitcoin will be valued at least $38,000 and $50,000, respectively.
A $100,000 price prediction for bitcoin in 2025
Bitcoin can still increase to $100,000 or more, as many experts projected in the latter part of last year, according to crypto experts, albeit more slowly.
According to Kiana Danial, founder of Invest Diva and author of "Cryptocurrency Investing For Dummies," "What I foresee from bitcoin is volatility [in the] short-term and growth [in the] long-term."
According to Timmer, investors can anticipate a "pretty sustainable" increase in bitcoin's long-term value driven by natural market growth, with the $100,000 mark being reached by 2025. In a world with ongoing financial repression, he says, "I remain bullish on bitcoin as an aspirational store of value."
Bitcoin is expected to cost $100,000 in 2025.
According to cryptocurrency specialists, Bitcoin can yet rise to $100,000 or more, but more slowly than many experts predicted in the latter half of last year.
Cryptocurrency investing for Dummies author and founder of Invest Diva Kiana Danial predicts that bitcoin will experience short-term volatility and long-term growth.
Timmer asserts that investors can expect bitcoin's long-term value to rise at a "highly sustainable" rate due to market expansion, with the $100,000 threshold being attained by 2025. He claims: "I remain positive on bitcoin as an aspirational store of value in a world with increasing banking limitations."
Although the timetable is uncertain, Token Metrics founder Ian Balina believes bitcoin may reach a price of $150,000. According to Balina, the introduction of fresh altcoins and the buzz around the metaverse will continue to fuel demand for cryptocurrencies, which will eventually cause bitcoin to recover.
Large financial institutions have also issued their own forecasts, with JPMorgan projecting a long-term high of $150,000 and Bloomberg forecasting it may reach $400,000 if the currency appreciates at rates similar to earlier peaks.