On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
A panel of crypto experts has predicted that the price of bitcoin will rise to $318,417 by December 2025. The most bullish expert believes that the price of the cryptocurrency will reach $160,000 by the end of the year. Meanwhile, 54% of them think that hyperbitcoinization will happen by 2050.
Crypto Experts Share Bitcoin Price Prediction
Finder, a major product comparison website, has conducted a study to find out the future outlook of bitcoin as its popularity grows. “As awareness of cryptocurrencies continues to spread, all eyes are on bitcoin’s price. So we asked our panel of 42 cryptocurrency experts what’s in store for the coin,” the company detailed last week.
The panelists include crypto asset managers, executives of crypto exchanges and other service providers, crypto analysts, professors, and lecturers at universities. Among various topics discussed was what the price of bitcoin will be at the end of the year and a few years from now. Finder detailed:
While there may be some medium term price depreciation, the panel predicts that by December 2025, the price of BTC will go up to $318,417.
The company added, “This is 61% higher than the panel’s end-of-2025 prediction in December 2020, but 12% lower than that in April.”
Furthermore, the “Panelists predict that by December 2030, the price of bitcoin will go up to a whopping $4,287,591 per BTC. However, the average is skewed by outliers – when we look at the median price prediction, the 2030 price forecast comes down to $470,000,” Finder wrote.
As for what the price of bitcoin will be at the end of the year, the majority of panelists (61%) said bitcoin is currently undervalued and on average the panel expected the price of the cryptocurrency at the end of 2021 to reach $66,284 per coin.
Morpher CEO Martin Fröhler was the most bullish about the price of bitcoin on the panel. With a year-end prediction of $160,000 per BTC, he opined:
Adoption by corporations and institutional investors paired with a loose monetary policy and high asset inflation will propel bitcoin to 6 figures before the end of this year. The next halving cycle will see increased adoption of bitcoin as a legal tender by developing countries, and until 2030, bitcoin will have replaced gold as a global reserve asset.
Wave Financial senior trader Justin Chuh gave a lower-than-average price prediction of $56,000 for the year end. Nonetheless, he expressed confidence in bitcoin as the “tried-and-true safe haven” of digital assets. The trader sees the price of bitcoin on an upward trend, predicting that BTC will end 2025 at $210,000 and 2030 at $400,000, with halving events and inflation pushing the price upward. He said:
Halving events and inflation along the way to 2025 and 2030 will likely trigger the larger upside moves. Prices are likely to be continuously driven by supply and demand, less availability for a wider group of users.
However, not everyone on the panel was as bullish. University of Canberra’s senior lecturer, John Hawkins, was among the most bearish on the panel. His year-end prediction was $20,000 per bitcoin. The lecturer also believes that countries adopting bitcoin will actually have a negative impact on its price.
The study also covers when the experts think hyperbitcoinization will happen. Finder found:
54% of the panel thinks hyperbitcoinization – the moment that bitcoin overtakes global finance – will happen by 2050. 29% think it will happen as soon as 2035 and an additional 20% by 2040.
The panel includes representatives from Galia Digital, Allnodes, Wave Financial, Morpher, Cryptocompare, Coinsmart, Banz Capital, Arcane Crypto, Rouge International and Rouge Ventures, Celsius Network, Coingecko, Coinflip, Token Metrics, Thomson Reuters, Finder, Morgan Creek Digital, Zebpay, Amber, Decred, UCL, the University of New South Wales, City University of Hong Kong, and the University of Western Australia.
What do you think the price of bitcoin will be in 2025 and when do you think hyperbitcoinization will happen? Let us know in the comments section below.
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