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Bitcoin (BTC) price prediction 2022

A panel of 35 industry specialists give us their predictions on the price of Bitcoin over the next decade.

Bitcoin
BTC- USD
$29,446.00
- $184.07 ( - 0.62%)
STORE-OF-VALUE

Finder currently measures expert predictions of the future BTC price using 2 surveys. Our weekly survey asks a rotating panel of 5 fintech specialists whether they are bullish, bearish or neutral on BTC for the 2 weeks ahead. Our larger quarterly survey, last conducted in April, asks a panel of 35 industry experts for their thoughts on how Bitcoin will perform over the next decade.

On this page, we reveal why they think it will be worth US$65,185 by the end of 2022 before rising to $179,280 by 2025, and why holding until 2030 will be the real payoff. All prices mentioned in this report are in US dollars.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Bitcoin price prediction for two weeks' time

Each week we ask our expert panel's verdict on the Bitcoin price in a fortnight's time. When asked this week, 3 were bullish (same as last week), 0 were neutral (down 1 from last week) and 2 were bearish (up 1 from last week) about the price of BTC for the week of 6 June 2022.

Bitcoin price predictions for 2022, 2025 and 2030

The price of Bitcoin (BTC) is expected to jump to US$65,185 by the end of 2022, according to Finder's panel of fintech specialists.*

Our panel is slightly more bearish on short-term gains from BTC than it was during the January report. In April, the panel gave predictions of $65,185 by the end of 2022, which is 15% lower than the previous prediction of $76,360 in January. By 2025, the panel predicts BTC will be worth $179,280, a 7% drop from the January forecast of $192,800.

However, the panel is slightly more bullish on BTC's value come 31 December 2030 in the April report, expecting the coin to be worth $420,240 by that date, compared to its prediction of $406,400 earlier this year.

The panel has been increasingly pessimistic about the 2025 price of Bitcoin and lowered its forecast in each of the last 4 reports. And while they are more optimistic about the 2030 price than in the previous report, they're still below the forecasts made in 2021.

Kate Baucherel, an emerging technology consultant and blockchain specialist at Galia Digital, gave one of the lower predictions for the end of the year, expecting BTC to close 2022 worth roughly what its value is at the time of writing: $40,000. Why? For Baucherel, BTC's reliance on fossil fuels will hold it back.

Dimitrios Salampasis, FinTech lecturer at Swinburne University of Technology, also gave a below-average prediction for BTC's price at the end of 2022 at $50,000. Salampasis, like Baucherel, also spoke on BTC's use of fossil fuels:

"I am of the opinion that Bitcoin will serve the purpose of a store of value. It is important to remember the algorithmic scarcity and the continuous reduction of block rewards. Moreover, the conversations around the environmental impact of mining may lead to blanket bans of crypto mining activities, which could additionally contribute to Bitcoin scarcity and the increased prices as a store of value. Last but not least, Bitcoin could be used as a hedge against fiat currency fluctuations."

At the other end of the spectrum is Ben Ritchie, managing director of Digital Capital Management Pty Ltd, with a predicted end of 2022 value of $100,000, citing the unlimited supply of crypto as a major driver behind this swing:

"Increasingly, 'trust' is becoming a central consideration for investors – can we trust the economic system and the power brokers driving it? Trust has been lost and, with the economy in uncharted territory, Bitcoin is forming a viable alternative solution. Placing 'trust' in code and mathematics, with no intervention, has significant global appeal. Since there is an unlimited supply of fiat currencies, the best way for individuals and institutions to preserve their buying power is to jump into scarce assets like Bitcoin."

Joseph Raczynski, a technologist and futurist for Thomson Reuters, also provided a higher-than-average prediction for the close of 2022 ($90,000), but sees future gains coming in ebbs and flows, as organisations try to innovate while governments attempt to regulate the industry.

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

While the panel's predictions may not be as aggressive as previous reports, that doesn't mean they're out on BTC. Far from it.

A little over two-thirds (67%) of the panel think now is the time to buy Bitcoin, with a further 24% of investors saying it's time to hold. Just 9% say it's a good time to get out of BTC.

There are 3 panel members – Baucherel, associate professor at UNSW, Elvira Sojli, and senior lecturer at the University of Canberra, John Hawkins – who think it's time to get out of BTC. For Baucherel, "carbon emissions must be reduced, and the only way this will happen is through regulation and the price falling to a point where fossil fuel mining is uneconomical".

Hawkins sees the Bitcoin bubble bursting and Ethereum usurping BTC as the king of crypto:

"As well as private crypto being replaced by CBDCs [central bank digital currencies], and a general collapse of the speculative bubble, I think Bitcoin will lose out to Ethereum which has a stronger use case, especially if Ethereum ever converts to PoS, and so becomes more environmentally responsible."

In the buy camp is Joe Burnett, Blockware Solutions analyst, who sees BTC as a solid investment going forward:

"Bitcoin is the only asset in the world with no counterparty risk and no dilution risk. It is the world's best savings technology."

Finder's own global cryptocurrency editor Keegan Francis also thinks now is time to buy:

"I'm actually just pulling these price predictions straight out of the Stock-to-Flow model. Although the model is currently disjointed/detached from the actual price, it has been a reliable estimate/predictor in the past. I believe that Bitcoin will more or less adhere to the price predicted by this model within a 25% margin of error."

Do you think BTC will and should move to a proof-of-stake model?

Much has been made recently about the environmental impacts of cryptocurrencies, specifically those relying on proof-of-work like BTC. While switching from proof-of-work to proof-of-stake would significantly reduce BTC's carbon footprint, our panel doesn't see that as a likely outcome, with just 9% saying BTC will move to a proof-of-stake model.

However, roughly a third of the panel (32%) think that BTC should make the switch.

Is BTC the top dog going forward?

Bitcoin has long been the biggest name in crypto, but are its days at the top of the pile numbered? Half (50%) of our panel think that Bitcoin will eventually be replaced by a more advanced blockchain in terms of being the most popular cryptocurrency, with 38% seeing Bitcoin hold on to the throne.

Associate professor of decentralised finance at Nottingham Trent University, Jeremy Cheah, does see BTC being overtaken as the most popular form of cryptocurrency, in part due to the environmental concerns mentioned earlier:

"Despite Bitcoin being the most widely known and somewhat understood, it consumes too much energy and suffers from interoperability and scalability problems."

Co-founder of Tykhe Block Ventures, Ganesh Kompella, also sees BTC losing pole position:

"Ethereum might flip BTC in terms of market cap. Solana becomes a primary hub for on-chain perps and options. Bitcoin is not a blockchain at all enabling advancements in technology. It's just a cryptocurrency, if you look at it."

Meanwhile, CEO of Delta Investment Tracker, Nicolas Van Hoorde, doesn't see BTC being replaced as the most popular cryptocurrency, but it's not all roses. As to whether BTC will be replaced "in terms of a store of value", Van Hoorde said: "No. In terms of usage in the likes of payments, technology, etc., yes."

CEO of Morpher, Martin Fröhler, also sees Bitcoin continuing as the dominant name in crypto:

"Bitcoin excels at being a store of value. It doesn't try to do anything other than that and it is resilient to changes of its codebase. Its high energy usage is not a bug, but a feature that secures the network."

BTC vs gold as a store of value

As a store of value, our panel sees BTC proving to be a safer commodity than gold, with 61% of the panel saying that BTC is a better store of value than gold, and just 27% backing gold.

What will lift Bitcoin and other top cryptos out of their recent trading range?

BTC has spent most of 2022 in a narrow trading range, but 60% of the panel think that if traditional banks start to broadly adopt BTC and other cryptocurrencies, this may cause the sector to climb out of its current funk.

Our pundits also said that a more amenable global regulatory climate (57%) and more widespread usage of BTC as legal tender (49%) would also have a positive impact on the market.

Dr Iwa Salami, the co-director for the UEL Centre of FinTech at the University of East London, said that while a more amenable global regulatory climate could help lift crypto, regulation needs to be handled in a balanced way:

"As the use of Bitcoin and other cryptocurrencies across the world become more widespread, it would become more difficult for governments to regulate against them. Also, as interest in and use of cryptocurrencies grow, it is likely that regulation would become more balanced. Regulation is good for the industry as it would make it more legitimate and accessible (particularly by traditional finance institutions), but regulation has to be balanced; the more governments move towards a more balanced approach to regulation, the price of cryptocurrencies would rise."

CFO of Boston Trading Co., Jeremy Britton, also sees regulation playing a role as "newly drafted regulations will bring respectability to cryptocurrency, and large institutions will encourage further mass adoption".

Can crypto challenge traditional banks?

With crypto increasingly breaking into the mainstream, our panel highlighted a range of areas where crypto has the most potential to challenge traditional banks. And the good news for consumers is that the panel thinks crypto will provide better returns than traditional banks (69%), with staking being more advantageous than accruing interest.

The panel also thinks that crypto has the opportunity to beat out traditional banks for remittances (63%) and democratise banking by providing equitable access to the unbanked population (57%).

Crypto Russian sanctions

The panel overwhelmingly (71%) believes that people will use crypto as a way of skirting sanctions against Russia, with just 17% thinking this will not happen.

Which will be the top-performing coins in 2022?

We asked our panel to rank their top 5 coins for 2022. It turns out that our panel thinks that Ethereum will be the top-performing coin in 2022, with 87% having ETH somewhere in their top 5.

Other popular coins in the panellists' top 5 included Bitcoin (71%), Solana (55%), Avalanche (31%) and Terra (30%).

Bottom line

If you're considering buying Bitcoin (BTC), the most important points to remember are to do your research and to make yourself familiar with all the risks involved. Though this digital currency has delivered substantial returns to its early adopters, that's no guarantee of future growth.

If cryptocurrencies can continue their push into the mainstream and achieve widespread acceptance, not only among consumers but also from governments around the world, this could mean good things for Bitcoin. And if the scalability issues facing the Bitcoin blockchain can be successfully overcome, there seems to be potential for future growth.

However, don't forget that the cryptocurrency sphere is increasingly crowded, and Bitcoin is sure to face plenty of threats to its title as the world's number-one cryptocurrency from a host of well-known and professionally backed competitors. Watch this space to see how it all unfolds.

Meet the panel

Methodology

Fortnightly forecasts

There are 15+ people on our weekly panel, made up of Finder and external crypto experts. Five are asked on rotation if they are bullish, neutral or bearish about BTC's price in two weeks' time. The dates on the chart show the start of the week about which they are asked their opinion. The graph shows the latest sentiment and previous forecasts so you can see how opinion has changed.

Forecasts for 2022, 2025, and 2030

Finder surveyed 35 fintech specialists from 28 March – 11 April 2022. Panellists are able to answer as many or as few questions as they like, meaning the number of responses received varies by question, and 33 panellists gave their price forecast for BTC. Panellists may own some cryptocurrencies, including Bitcoin. 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.

Bottom line

If you're considering buying Bitcoin (BTC), the most important points to remember are to do your research and to make yourself familiar with all the risks involved. Though this digital currency has delivered substantial returns to its early adopters, that's no guarantee of future growth.

If cryptocurrencies can continue their push into the mainstream and achieve widespread acceptance, not only among consumers but also from governments around the world, this could mean good things for Bitcoin. And if the scalability issues facing the Bitcoin blockchain can be successfully overcome, there seems to be potential for future growth.

However, don't forget that the cryptocurrency sphere is increasingly crowded, and Bitcoin is sure to face plenty of threats to its title as the world's number-one cryptocurrency from a host of well-known and professionally backed competitors. Watch this space to see how it all unfolds.

Bitcoin analysis frequently asked questions

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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