Is now the time to buy BTC? A panel of experts believe that BTC will reach $270,000 (USD) per token by the end of 2030. A report published by Finder polled a panel of leading experts in the Crypto and Fintech space seeking their predictions for the cornerstone of crypto. Their findings indicate that while BTC current value has been affected by the global downturn, it's prospects for the future are indeed very optimistic. At least one source believes that BTC could reach $890,000 by 2030, while several other economists predict the coin would reach $1 mil by that time.
The panel of 55 experts predicted that BTC will reach finish out the year slightly higher than its current value at around $21,000, and it will reach new highs of $79,000 by the end of 2025. If those figures alone aren't enough to entice you be bullish on Bitcoin's future, they went on to predict that current King of Crytpo could reach an astronomical figure of $270,000 by the end of the decade.
So, is now the time to buy? The panel went on to state that the currency could reach a bottom of around $15,000 by the end of the year before finishing with another bullish run. If the predictions for BTC's future ring true, investor's buying in at today's BTC's price, could realize a 313% increase by 2025, and an astounding $1313% return on investment by the end of the decade.
While approximately 20% of the experts felt that Bitcoin's recent drop meant that it was no longer a store of value, some of the experts see BTC's drop as just part of the overall global market downturn and believe that it will continue to lead the way into the future.
Managing Director of Digital Capital Management Ben Ritchie thinks BTC will be worth $30,000 by the end of 2022. He stated that it will continue to hold value into the future.
“Bitcoin remains a fully decentralized network, with institutional demand as a store of value rather than a currency.”
That sentiment was echoed by the Federal Reserve Bank of Dallas President Robert Kaplan who said:
"Right now, it’s clear it’s a store of value."
With a possible global recession looming, and no end in sight to rampant inflation, a buy and hold strategy for BTC would seem to be sound one for investors looking to diversify their assets and find value in the crypto space.
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