Finder asked a panel of 32 fintech specialists in April 2023 about their price predictions for Binance Coin (BNB) over the next decade.
Find out how much they think BNB will be worth by the end of 2023, 2025 and 2030. All prices mentioned in this report are in US dollars.
Our panellists feel BNB will hit a price of US$337 by the end of 2023.
And they expect the price of BNB to rise to US$558 by year-end 2025 and US$966 by year-end 2030.
These expectations were dampened as compared to our July 2022 survey.
In the July 2022 survey, our panellists felt BNB would hit US$781 by 2025 — 40% higher than the April 2023 prediction average — and US$1,814 by 2030 — 88% higher than the April 2023 prediction average.
Many of our panellists aren't so optimistic about the price of BNB because of the enforcement actions that the US Commodity Futures Trading Commission (CFTC) is taking against Binance.
"Binance is currently under substantial scrutiny from regulators," says Dimitrios Salampasis, Director of FinTech Capability and senior lecturer for fintech innovation and entrepreneurship at Swinburne University of Technology.
John Hawkins, senior lecturer at the University of Canberra, sees eye-to-eye with Salampasis and believes that the regulatory scrutiny Binance is facing "could hurt the price of its token."
Ruadhan O, creator of Seasonal Tokens, also thinks that BNB's price will be affected by "aggressive actions by US regulators'' and added that these actions "may effectively exclude Binance from the US market over the coming years." O also believes that "it's very likely that new exchanges will appear over the next seven years that will take market share from Binance," which would likely negatively impact the price of BNB.
Some panellists were more optimistic, though.
"Assuming macroeconomic challenges ease and market liquidity stabilizes, BNB Coin's price may appreciate significantly," claims Ben Ritchie, director of Digital Capital Management AU. "BNB Coin's value is closely tied to the adoption of Binance's centralised exchange and BNB Chain."
Ritchie also points out that as more and more people use BNB for transactions on Binance and BNB Chain, the price should continue to rise. He also mentions that the fact that Binance burns some BNB tokens every quarter is another beneficial dimension of the asset's tokenomics.
Sathvik Vishwanath, CEO and founder of Unocoin Technologies Pvt Ltd, added to the list of use cases for the BNB token.
Vishwanath shared that the BNB token can also be used for "staking and participation in token sales on the Binance Launchpad."
The more use cases BNB has, the more the token should be worth — at least theoretically.
39% of our panellists feel it's time to hold BNB, while 36% feel it's time to sell the token.
Only 25% of our panellists believe it's a good time to buy BNB.
Tommy Honan, head of commercial operations at Swyftx, pointed out that "BNB is the native currency of Binance exchange which currently accounts for more than 60% of global trade volume in the crypto markets."
If Binance continues to maintain this percentage of global trade volume, then BNB may be worth holding.
Ruadhan O, who believes investors should part ways with their BNB, pointed out that BNB is "a cryptocurrency tied to a specific corporation" and that "there's a possibility that BNB could disappear entirely along with a corporate bankruptcy."
Two of our panellists were more optimistic about the future of Binance as well as the price of BNB.
"CZ (the CEO of Binance) is not going anywhere," claims Aaron Rafferty, CEO and cofounder of StandardDAO. "If he continues to burn BNB shares and the network continues to garner utility, then we should see a price increase over the next few years."
Joseph Raczynski, technologist and futurist and Washington Web3 Foundation, echoes Rafferty's sentiment.
"They will survive," says Raczynski, even though he recognizes that "the legal woes from the US [regulators] are a concern."
43% of our panellists believe that the launch of UniSwap on BNB Chain will benefit both BNB Chain and UniSwap.
38% percent of our panellists are unsure whether this will be the case, and 19% don't think it will be mutually beneficial.
Carlo Di Clemente, COO of GroveToken Limited, is part of the 43% who think that the launch of UniSwap will benefit BNB and says that innovation like this has added to the general success of Binance.
"Binance is committed to continuous development and innovation," says Di Clemente. "CZ has made significant contributions to the growth and development of the [crypto] ecosystem."
If you'd like to learn more about Binance, Binance.US and BNB Chain, please see our Binance statistics 2023 report.
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