Poll: Bitcoin will reach $65,000 by the end of the year, but will yield to Ethereum in terms of profitability

Poll Bitcoin will reach $65,000 by the end of the year, but will yield to Ethereum in terms of profitability

Poll: Bitcoin will reach $65,000 by the end of the year, but will yield to Ethereum in terms of profitability

By the end of 2022, the price of bitcoin will be $65,185. Such a forecast was given by fintech experts interviewed Finder.

Experts predicted further growth in digital gold quotes. According to them, on December 31, 2025, Bitcoin will cost $179,280, and at the end of 2030 – $420,240.

Data: Finder.

Just over two-thirds of the group members believe that now is the time to buy the first cryptocurrency. Only 9% were in favor of exiting the asset.

Data: Finder.

One of those who hold the latter opinion, University of Canberra lecturer John Hawkins, stated:

“In addition to replacing private CBDC cryptocurrencies and the general collapse of the speculative bubble, I think that Bitcoin will lose to Ethereum, which has stronger use cases, especially if the network moves to proof-of-stake and become more environmentally friendly.

Half of the experts believe that eventually bitcoin will be displaced from the position of the most popular cryptocurrency by a more advanced blockchain. 38% are sure that digital gold will stay on the throne.

“Ethereum could outperform BTC in terms of market cap. Solana becomes the main hub for on-chain derivatives. Bitcoin is not a technology-enhancing blockchain at all. It’s just a cryptocurrency if you look at it,” Tykhe Block Ventures co-founder Ganesh Kompella said.

The assets mentioned by the expert made up the top three most profitable coins in 2022, according to the group’s expectations.

Also See: Experts Predicted A Decrease In The Profitability Of Mining

Experts were asked to name the top five most effective cryptocurrencies. 87% of respondents included Ethereum in it. Bitcoin was in second place – 71%, in third – Solana with 55%. Rounding out the top 5 are Avalanche and Terra with 31% and 30%, respectively.

Data: Finder.

At the time of writing, digital gold is trading at around $38,500. updating the local minimum.

Recall, co-founder of the BitMEX exchange Arthur Hayes named the likely fall of digital gold to $30,000 by the end of the second quarter of 2022 due to the decline in the Nasdaq index.

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