Bitcoin 2024 Forecast: Experts Split on $125K Bullish or $40K Bearish BTC Outlook
Bitcoin’s future value remains a hot topic, with Finder’s latest survey reflecting expert opinions on its trajectory. While BTC is expected to hit $77,636 by the end of 2024, long-term projections predict growth to $113,364 by 2025 and $282,238 by 2030. Despite this cautious optimism, opinions are divided, especially concerning bitcoin’s mainstream adoption for everyday transactions.
Bitcoin’s Future: Mixed Forecasts and Slow Adoption Prospects
Comparison platform Finder’s October 2024 survey offers a detailed outlook on bitcoin’s projected value over the next several years, incorporating expert insights from 28 crypto specialists.
“On average, our panelists think bitcoin (BTC) will be worth $77,636 by the end of 2024, down from $87,169 as they predicted in our July report. Looking further ahead, they see the price of BTC rising to $113,364 by year-end 2025 and $282,238 by the close of 2030,” the company detailed.
These numbers suggest cautious optimism for bitcoin’s growth over the next decade. However, the panelists express a range of views about BTC’s future. Finder explained:
Our most bullish panelists see BTC trading at $125,000 by the end of 2024, while our most bearish panelist sees it dropping well below where it is now, reaching $40,000 by the end of the year.
Despite these fluctuations, a majority of the panel believes now is a good time to invest in BTC. Finder noted:
To be exact, 61% think bitcoin is a buy at its current price, while 32% believe it’s a good time to hold the asset. Just 7% think it’s time to sell.
This reflects confidence in BTC’s potential, even amid short-term volatility. As for the broader adoption of bitcoin, the panel is less hopeful. When asked when they expect BTC to be widely used in a developed nation like the U.S. for everyday purchases, most experts don’t foresee this happening anytime soon. “Close to a third (32%) said it will never happen, 21% think 2030 and 11% say 2036 or later,” Finder described.
