Huge $3 Trillion Bitcoin Price Prediction Comes With A Stark 2023 Warning

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BitcoinBTC surged in 2023, adding nearly 40% year-to-date (despite growing fears of a “disastrous global financial meltdown”).

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Bitcoin price hit all-time highs in late August, erasing its losses following the collapse of crypto exchange FTX, though the ‘contagion’ may be about to hit other big tech companies. crypto.

Now, a panel of crypto experts has predicted that the price of bitcoin will soar to nearly $200,000 per bitcoin by 2030 (giving bitcoin a combined market capitalization of just over $3 trillion), but not before dropping again in 2023.

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“Unless there are more sudden surprises like FTX, the [bitcoin and crypto] the market is currently undergoing a cleansing of fraudulent and defective exchanges and companies,” said Desmond Marshall, managing director of venture capital firm Rouge International, in a bitcoin price prediction report compiled by the site. Finder price comparison web.

Marshall pointed out that the upcoming bitcoin supply reduction, known as the halving and expected in just over a year, could give bitcoin’s price “stronger support in the second half of 2023. “.

The 44-person panel returned an average bitcoin price forecast of just under $30,000 per bitcoin at the 2023 peak, with the price then falling back to end the year at around $27,000. Longer term, the price of bitcoin is expected to climb to $77.00 in 2025 before skyrocketing to $188.00 in 2030.

“The market will see [a] significant boost [in] 2024 due to growing adoption and positive regulation,” said Shubham Munde, senior research analyst for Market Research Future.

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The price of bitcoin has oscillated wildly over the past few years, reaching all-time highs in 2021 before dropping steadily through 2022.

However, not all Finder panel members are optimistic about bitcoin price. University of Canberra lecturer John Hawkins has warned that the price of bitcoin will fall to just $10,000 this year before dropping to $5,000 in 2025 and $500 in 2030.

“In the short term, more crypto companies that are laying off staff and limiting withdrawals, and no longer have FTX to bail them out, will fail, putting downward pressure on the price of bitcoin,” said Hawkins.

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