{"id":16854,"date":"2023-01-25T02:43:31","date_gmt":"2023-01-25T02:43:31","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/finders-experts-predict-bitcoin-to-peak-at-29k-in-2023-but-forecast-a-low-of-13k-markets-and-prices-bitcoin-news\/"},"modified":"2023-01-25T02:43:31","modified_gmt":"2023-01-25T02:43:31","slug":"finders-experts-predict-bitcoin-to-peak-at-29k-in-2023-but-forecast-a-low-of-13k-markets-and-prices-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/finders-experts-predict-bitcoin-to-peak-at-29k-in-2023-but-forecast-a-low-of-13k-markets-and-prices-bitcoin-news\/","title":{"rendered":"Finder\u2019s Experts Predict Bitcoin to Peak at $29K in 2023, But Forecast a Low of $13K\u00a0 \u2013 Markets and Prices Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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The price of bitcoin is set to rise in 2023, but crypto and fintech experts chosen by the product comparison web portal finder.com do not believe the leading digital asset will break the $30,000 range this year. Finder\u2019s panel of 56 specialists convened to give their 2023 bitcoin price forecast, and the panelists suggest bitcoin will peak at $29,095 this year.<\/strong><\/p>\n

Experts Weigh in on Bitcoin\u2019s Future Price: Will it Reach Six-Digit Prices by 2030?<\/h2>\n

Finder.com has conducted another report<\/a> that aims to predict bitcoin\u2019s future price with 56 experts stemming from the cryptocurrency and financial technology industry. Today, on Jan. 24, 2023, bitcoin (BTC)<\/a> is exchanging hands for just under $23,000 per unit, and it\u2019s the highest price since FTX collapsed in Nov. 2022. The latest BTC<\/a> predictions report published by finder.com indicates that the consensus is bitcoin will peak at $29,095 this year. However, the leading crypto asset is also predicted to end 2023 at roughly $26,844 per unit.<\/p>\n

Furthermore, the Finder\u2019s panelists expect a deep plunge down to a low of $13,067 per unit. Ruadhan O, the creator and founder of Seasonal Tokens, believes bitcoin will peak at $27,000 per unit because of the worries surrounding centralized entities within the crypto industry. \u201cThe price is low because possible imminent catastrophes are being priced in,\u201d Ruadhan O told Finder\u2019s researchers. \u201cBy the end of the year, market sentiment will have changed, and after the fear goes away, the market will rediscover the scarcity of bitcoin.\u201d<\/p>\n

Around 21% of the panelists expect institutional investors to leave the crypto market for different asset classes this year. Roughly 65% of Finder\u2019s experts, including Alexander Kuptsikevich, the senior market analyst at Fxpro, believe bitcoin is underpriced. \u201cThe phase of the most active cryptocurrency sell-off is over. 2023 will be a year of careful price recovery. However, a real FOMO market is unlikely to come until 2024-2025,\u201d Kuptsikevich remarked.<\/p>\n

Finder\u2019s Experts Predict Dip in Bitcoin\u2019s Value, But See Potential for Long-Term Growth<\/h2>\n

Finder\u2019s says 16% of the panelists believe BTC<\/a> is currently overvalued, but a large majority of the 56 panelists believe bitcoin\u2019s value will be much higher after the next halving in 2024. The panel currently predicts BTC<\/a>\u2019s value will rise to $77,492 in 2025, and by 2030, bitcoin will be in the six-digit zone at $188,451 per coin. Damian Chmiel, the senior analyst and editor at Finance Magnates, predicts bitcoin will be around $70,000 per unit in 2025.<\/p>\n

Chmiel insists, however, that two things need to happen: the return of Wall Street excitement toward crypto assets and the U.S. Federal Reserve<\/a> discontinuing the current monetary tightening policy. \u201cThe former will not happen without the latter, and we are left to wait patiently for now,\u201d Chmiel detailed. \u201cIn the long term, however, I believe bitcoin will become a popular choice among traders,\u201d the Finance Magnates senior analyst added.<\/p>\n

The latest Finder\u2019s forecast from the experts gathered is a whole lot different than the predictions<\/a> from Jan. 2022. Last year, around this same time, Finder surveyed 33 crypto and fintech specialists and the group predicted BTC<\/a> would end 2022 at $94,000 per unit. On Dec. 31, 2022, BTC<\/a> ended the year at $16,544 per unit before entering 2023. Finder\u2019s experts did convene in Oct. 2022, with a whole new outlook<\/a> that predicted BTC<\/a> would end 2022 at $21,000 per unit. It\u2019s safe to say, Finder\u2019s crypto and fintech specialists are a lot less optimistic during the crypto winter and the current macroeconomic conditions<\/a>.<\/p>\n

You can check out Finder\u2019s bitcoin price prediction report in its entirety here<\/strong><\/a>.<\/p>\n

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What do you think about the experts\u2019 predictions for bitcoin\u2019s future price? Do you agree or disagree with the forecasted peak and low prices for 2023 and beyond? Share your thoughts and opinions in the comments below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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