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Bitcoin (BTC) price prediction 2023

A panel of industry specialists give us their predictions on the price of Bitcoin through 2030.

This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.

Our panel thinks Bitcoin (BTC) will be worth US$38,488 by year-end 2023 before rising to US$100,293 by 2025.

Finder analyses expert predictions each quarter. We conducted our most recent survey in July 2023, in which a panel of 29 industry specialists gave their thoughts on how BTC will perform through 2030.

All prices mentioned in this report are in US dollars.

Bitcoin price predictions for 2023, 2025 and 2030

BTC's price is expected to rise to US$38,488 by year-end 2023, according to the average prediction provided by Finder's panel of fintech specialists.

These specialists also predict BTC will hit US$100,293 by 2025 and US$289,159 by 2030 — prices that are 1% and 3% lower, respectively, than what our panellists predicted in our April 2023 report.

"BTC will undoubtedly become the gold 2.0 since it's a better and more reliable/flexible 'energy currency'," said Kadan Stadelmann, chief technical officer (CTO) of Komodo Platform. "Given this assumption, and taking the gold market cap $10T) as a basis, we can expect a minimum price of >$500k in the long-run."

While Stadelmann was amongst the most bullish of our panellists, a number of other panellists were almost as bullish as Stadelmann in their BTC price predictions.

"Once regulatory challenges are effectively addressed, we anticipate the price of Bitcoin to surge up to $48,000 later this year, with the potential for future valuations surpassing $350,000 upon widespread acceptance such as spot ETFs, wealth funds, national/international reserves, etc," said Ben Ritchie, managing director of Digital Capital Management AU.

Yves Renno, head of trading at Wirex, also believes higher prices for BTC will be driven by institutional adoption, especially as we head into the Bitcoin halving, which is when the bitcoin mining reward gets halved. This is slated to occur in approximately April 2024.

"A recent renewed corporate interest in the main cryptocurrency has the potential to boost the Bitcoin value in the short term," said Renno. "But a potential short term rally above $40k would [lead to] consolidat[ion before] the halving event in 2024."

Kate Baucherel, digital strategist at Galia Digital, also believes that the Bitcoin halving will be a catalyst for the price of BTC, and she doesn't see BTC's price accelerating much until the halving comes closer.

"All markets are depressed, and crypto is no exception," said Baucherel. "BTC['s price] is sitting around a reasonable level. The impending halving in 2024 will likely start to impact the price towards the end of this year."

How high and low will BTC go in 2023?

The average peak price that our panellists feel Bitcoin will hit by year-end 2023 is US$41,752, with some claiming it will climb to as high as US$100,000.

The average lowest price that our panellists think Bitcoin will reach by year-end 2023 is US$20,759, with some claiming it will drop as low as US$12,000.

Phillip Lord, president of Oobit, believes we will see BTC at US$100,000 before the year is out.

"I am betting [the] Blackrock ETF happens," said Lord. "This will be a game changer. The amount of money that will pour into Bitcoin immediately and in the future will make it['s valuation comparable to] gold['s]."

Jeremy Britton, CFO of, is also quite bullish on the price of BTC in 2023. He thinks we'll see BTC at US$58,000 before the year is out.

"Over 44% of the Bitcoin in circulation has not moved in the last two years," said Britton. "Many serious HODLers have ridden from US$6,000 to US$69,000 and down to US$16,000 without blinking. If Blackrock, Fidelity and others want to buy BTC for their spot ETFs, they will need to bid prices quite high to get the serious HODLers to sell. I know many people who refuse to sell until prices exceed US$1 million."

On the flipside, Julian Hosp, CEO of Cake Group & Bake, was a bit more bearish than our average panellist. He sees BTC back at US$30,000 before the year is out.

"I think most of the buying this year was either Binance, selling off their BUSD or Saylor," said Hosp. "Very little organic activity."

And Lee Smales, professor of Finance at University of Western Australia, thinks BTC's price will fall to $15,000 before the year is out, though he didn't offer a reason why.

Is now the time to buy, sell or hold Bitcoin (BTC)?

The majority of our panellists believe that now is a good time to buy BTC.

To be exact, 59% of our panellists feel that now is a good time to buy BTC, while 33% feel that it's a good time to hold the asset.

Only 7% of the panellists felt that now is a good time to sell BTC.

"We are finally through the darkness of crypto winter," said Joseph Raczynski, futurist at Joe Technologist, Consulting and Media, who believes that BTC is a buy. "With a myriad of top financial institutions submitting an application for a Bitcoin spot ETF, the pressure is on the SEC to approve, and if so, tens of billions of dollars will chase Bitcoin this year."

Martin Froehler, CEO at Morpher, also sees BTC as a buy.

"We are almost done with the interest rate hike cycle, so the current macroeconomic headwinds will soon begin to fade," said Froehler. "Simultaneously, we are about 9 months away from the next Bitcoin halving event, which historically has always propelled the price up dramatically. Eventually a spot Bitcoin ETF will be approved and before 2030 we will see a major central bank — probably the Swiss — put Bitcoin on their balance sheet."

Alex Nagorskii, funds management operations at DigitalX Ltd, shares a view similar to Froehler's but also still has some apprehensions. Because of this, Nagorskii thinks it's time to hold BTC.

"Bitcoin is on the verge of entering the halving narrative, backed by potential flows from US spot ETFs, if approved," said Nagorskii. "There are a number of ways this can play out which will largely depend on SEC spot ETF approval, a number of high profile exchange lawsuits and if any more bad actors are identified in the space."

And John Hawkins, senior lecturer of economics at the University of Canberra, remains completely unconvinced of Bitcoin's value and believes that investors should sell their BTC holdings.

"Bitcoin is a speculative bubble," said Hawkins. "It is very hard to predict when it will bust, but it will. Digital currencies will probably have a future, but it will be CBDCs, not fiat crypto like Bitcoin."

Is Bitcoin currently overpriced, underpriced or fairly priced?

Most of our panellists feel that Bitcoin is currently selling at a discount.

That is, 43% feel that Bitcoin is currently "underpriced".

36% feel that Bitcoin is currently "priced fairly", while 21% feel that Bitcoin is currently "overpriced".

Pedro Febrero, VP of Web3 at RealFevr, feels that BTC is underpriced.

"BTC/USD usually bottoms before the halving and starts to pick up the pace after the halving," said Febrero. "Therefore, given the short distance to the halving, I argue the bottom is in and a new uptrend has already begun."

Ruadhan O, Founder of Seasonal Tokens, believes that BTC is priced fairly at the moment and that its price remains in limbo due to one particular unknown.

"Bitcoin is priced fairly at the moment because it's uncertain whether the spot ETFs will be approved," said O. "Future institutional investment is being partially priced in, based on current assessments of the probability of approval."

Mitesh Shah, founder & CEO of Omnia Markets, Inc., also believes that BTC is currently priced fairly for a similar reason.

"I believe Bitcoin's price is relatively fair considering the current market events," said Shah. "Recently, while we've faced various regulatory hurdles that have negatively impacted the crypto markets, we have also seen various large institutions enter the market via proposed spot ETFs. While approval of those spot ETFs is unknown along with any timeline, it is a momentum builder as we see those institutions take note of crypto and enter the market."

Matt Maley, chief market strategist at Miller Tabak + Co. LLC, believes that Bitcoin is currently overpriced due to the actions of the US Federal Reserve (the Fed).

"Bitcoin is many things, but one of them is that it's a 'liquidity asset.' As the Fed continues with its QT program, there will be less liquidity in the system," said Maley. "That is going to create headwinds for bitcoin."

Do you think this is a time for investors to diversify their portfolios due to a possible alt season, or should they focus more on Bitcoin?

The majority of our panel (64%) believe that investors should diversify their portfolios in preparation for an "alt season" — a segment of a crypto bull market in which crypto coins and tokens other than BTC outperform BTC in regard to price action.

However, a large portion of this group say that while diversification is needed, investors should still have more focus on BTC. Meanwhile 14% go as far as to say investors should invest more in altcoins than BTC.

32% believe that it's time to focus primarily on BTC, while 4% are unsure.

Tommy Honan, head of product strategy at Swyftx, is one of our panellists who thinks that investors should diversify but primarily focus on BTC.

"The fundamentals of Bitcoin never change," said Honan. "It excels in its dual role as a secure means of payment and store of value. It is a reliable constant in an uncertain environment."

John Burnett, head analyst at Blockware Solutions, had more to share about BTC's fundamentals.

"Bitcoin is the world's best money due to its unique monetary properties of immutable scarcity, portability, durability, divisibility, and fungibility," explains Burnett. "Bitcoin is the best money because it is the least uncertain. All other fiat and crypto have an extra degree of uncertainty due to increased centralization and a malleable supply schedule."

For these reasons, Burnett feels that investors should primarily focus on Bitcoin right now.

Alex Svanevik, CEO of Nansen, thinks it's time for investors to focus more on altcoins, though he's still a Bitcoin bull.

"High inflation and mistrust in institutions will continue to drive BTC upwards."


Finder surveyed 29 fintech specialists in July 2023. Panellists are able to answer as many or as few questions as they like, meaning the number of responses received varies by question. 25 panellists gave their price prediction for BTC by year-end 2023 and 26 panellists gave long term predictions for 2025 and 2030. Panellists may own some cryptocurrencies, including BTC. All prices are listed in USD per BTC.

Changes to methodology: In 2021, this research was conducted using the simple mean of all answers supplied to Finder. From 2022, we switched to using the truncated mean, with the top and bottom 10% of responses removed in order to attain a more consistent result. Any 2021 results quoted in this analysis have also been re-calculated using the truncated mean.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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