According to the latest crypto prediction report published by the product comparison platform finder.com, 77% of 53 fintech specialists polled in the report say cryptocurrency markets are officially in a “crypto winter.” The poll further explains that only 29% of the report’s participants believe the bear market will end in 2022. While bitcoin is expected to surpass $100K per coin by 2025, Finder’s experts think bitcoin will bottom out at $13,676 per unit, but also end 2022 at $25,473 per unit.
Finder’s 53 Fintech Specialists Attempt to Guess Bitcoin’s Future Value
Finder.com published a new forecast that says bitcoin (BTC) will drop to $13,676 per unit this year, according to 53 surveyed fintech specialists. While the report notes that the experts think the bottom will be around $13,676 per BTC, they also expect the leading crypto asset to end the year at $25,473 per coin.
The panelists’ prediction is very much aligned with the 80% drop theory as BTC has lost more than 80% from the all-time price high during every major bear market. At the time of writing, BTC is down over 72% lower than the $69K all-time high (ATH) recorded on November 10, 2021.
In mid-June, Bitcoin.com News reported on what prices would look like if BTC and ETH followed the same bear market patterns as they did in previous years. The math shows that an 80% drawdown from BTC’s ATH in November 2021, would be roughly $13,800 per unit.
Finder’s prediction report indicates BTC’s expected 2022 bottom value is a touch more than 80% lower than the ATH. However, Martin Froehler, the CEO of Morpher, has a different outlook, and he expects a much lower bottom price. Froehler told Finder’s researchers that BTC will likely drop to $12K per unit, before jumping back to $40K by the year’s end.
“It’s reasonable to expect to see more big projects fail in the next couple of months,” Froehler explains in the Finder’s prediction report. “Retail sentiment is at historic lows due to global economic uncertainty and inflation. Highly leveraged miners, who just had to digest the China exodus, will capitulate and increase the downside pressure even more. We will see even lower Bitcoin prices.”
46% of Finder’s Experts Expect the Bear Market to Continue Into 2023
Finder’s study further says that while only 29% of the panelists believe the crypto bear market will end this year, 46% think that the crypto winder will…
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