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