Bitcoin (BTC) price prediction 2023

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

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.*

Finder analyses expert predictions each quarter and the last survey was conducted in January 2023 where a panel of 56 industry specialists gave their thoughts on how Bitcoin (BTC) will perform over the next decade. All prices mentioned in this report are in US dollars.

Our panel thinks Bitcoin (BTC) will be worth US$26,844 by the end of 2023 before rising to US$77,492 by 2025.

Bitcoin price predictions for 2023, 2025 and 2030

BTC is expected to close out 2023 at US$26,844, according to the average prediction provided by Finder's panel of fintech specialists.

These specialists also predict BTC will hit US$77,492 by 2025 and US$188,451 by 2030.

“2023 will be a year of careful price recovery,” Alexander Kuptsikevich, senior market analyst at foreign exchange brokerage platform FxPro, says. “A real FOMO market is unlikely to come until 2024–2025.”

Shubham Munde, senior research analyst for Market Research Future, also believes that Bitcoin’s price will recover throughout 2023 and he expects it to “reach around $35,000 by the end of the year.” According to Market Research Future estimates, “The market will see [a] significant boost [in] 2024 owing to rising adoption and positive regulation.”

Ruadhan O, creator and founder of Seasonal Tokens, echoes Shubham's sentiment.

By the end of the year, market sentiment will have changed, and after the fear goes away, the market will rediscover the scarcity of Bitcoin.”

“It will take us a while to climb back to all-time highs,” Josh Fraser, co-founder of Origin Protocol, says in regard to Bitcoin’s price. “At the end of the day, Bitcoin is inevitable, and adoption at a similar level to gold would bring the asset to a price ~US$500,000.”

How high and low will BTC go in 2023?

The average peak price that our panellists feel Bitcoin will hit in 2023 is US$29,095, with some claiming it will go over US$40,000.

The average lowest price that our panellists think Bitcoin will reach in 2023 is US$13,067, with some claiming it will drop below US$10,000.

Some of our panellists feel that Bitcoin's price will remain suppressed and stay in a range well below its all-time high.

“BTC will predominantly be rangebound throughout most of 2023,” Vetle Lunde, senior analyst at Arcane Crypto, says. “Higher costs of living and a challenging economic backdrop reduce investors' ability to allocate capital to BTC.”

Jeremy Cheah, associate professor of decentralised finance at Nottingham Trent University, seconds Lunde’s sentiment in regard to the challenging economic situation that many find themselves in.

As world economies are languishing and lack of safeguards to consumers (FTX scandals), most crypto prices will not improve drastically.”

However, Atte-Ville Pentikäinen, OTC trader at CoinMotion, believes that “Consensus on recession in 2023 is wrong and we actually get a proper bear market bounce across risk assets during this year.”

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

Many of our panellists believe that BTC’s price has already seen or come very close to its lows for this cycle.

50% of our panellists feel that now is a good time to buy BTC and 37% feel that it’s a good time to hold the asset.

Only 13% of the panellists felt that now is a good time to sell BTC.

“It seems like we may be close to the Bitcoin and crypto bottom,” Daniel Polotsky, founder and chairman of CoinFlip, says. “Bitcoin will emerge from the ashes of the ruins as it always has in the past, and now may be a good time to feast on the dip.”

Fraser Matthews, president of NetCoins, has a perspective similar to Polotsky’s.

I believe that the current price of Bitcoin is a good entry point for investors, and I anticipate it will continue to rise in the long term.”

And Damian Chmiel, senior analyst and editor at Finance Magnates, seconds Matthews’ thoughts on the long-term value of Bitcoin.

“In the long term, I believe Bitcoin will become a popular choice among traders,” Chmie says. “Right now, we have an excellent opportunity to accumulate it at attractive prices.”

Robert Johnson, professor at Creighton University’s Heider College of Business, thinks that now is a good time to sell BTC, though, as he believes there is a “lack of use case for Bitcoin”.

Do you think Bitcoin is currently overpriced, underpriced or fairly priced?

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

64.71% feel that Bitcoin is currently “underpriced”.

1 in 5 (19.61%) feel that Bitcoin is currently “priced fairly”, while 16% (15.69%) feel that Bitcoin is currently “overpriced”.

“It appears that Bitcoin is currently undervalued based on on-chain metrics,” Ben Ritchie, managing director of Digital Capital Management AU, says. “However, there are several challenges currently facing the Bitcoin mining industry, exchange platforms, and the aftermath of the FTX implosion that may contribute to a decrease in valuation.”

Martin Froehler, CEO of Morpher, agrees with Ritchie that issues regarding the Bitcoin mining industry continue to negatively impact Bitcoin’s price, though he sees a light at the end of the tunnel.

We are already in the miner capitulation phase of this bear market, which typically concludes the downturn.”

Ben Waterman, co-founder of Strabo, believes that the price of Bitcoin is low due to markets overreacting to the collapse of FTX, rumoured issues at Binance and lay-offs at Coinbase.

“Confidence in digital assets is incredibly low,” Waterman says. “Historically, this suggests an overreaction to bad events.”

Do you consider Bitcoin a risk asset or a store of value?

While the dominant Bitcoin narrative is often that the asset is a store of value, many of our panellists don’t see BTC that way.

50% of our panellists think of BTC as a “risk asset”, while only just over one-third of them (37%) feel that it’s a “store of value”.

13% believe that BTC is neither a store of value or a risk asset.

Toby Chapple, head of trading at Zerocap, believes that Bitcoin’s price has “correlation to tech stocks”, which tend to be classified more as risk assets than as a store of value.

However, some of our panellists believe that, over time, Bitcoin will be seen more as a store of value.

“Bitcoin is already established as the primary value storage asset of the ‘new age’ financials,” Yaroslav Shakula, CEO at Yard, says.

As crypto matures as an industry, BTC’s role as a ‘standard’ will increase.”

Tommy Honan, head of strategy at Swyftx, believes we need to take a more long-term view of BTC, as well.

“Bitcoin will prove to be a good store of value over a 3-to 5-year investment period,” Honan says.

Do you think Bitcoin will eventually be overthrown as the number 1 cryptocurrency?

Just under a third (30%) of our panellists believe that Bitcoin will never be overthrown as the number 1 cryptocurrency, with 1 in 5 (21%) saying they are “unsure” it will ever be overthrown.

Of those panellists who say that Bitcoin will lose its place as the number 1 cryptocurrency, 79% believe that Ether (ETH) will overthrow it, while 14% believe that it will be dethroned by a central bank digital currency (CBDC).

Only 7% claim that it will be overthrown by another cryptocurrency.

Only one of our panellists was specific about which cryptocurrency – aside from Ether (ETH) or a CBDC – had the potential to overthrow Bitcoin.

Bryan Daugherty, public policy director of the Bitcoin Association, thinks that Bitcoin SV (BSV) has the potential to overthrow BTC.

Why do you think Bitcoin dominance is so much lower in this bear market?

Bitcoin dominance as per market capitalisation is markedly lower in this bear market than it was in the 2018–2019 bear market.

46% of our panellists feel that this is the case because “People are leaving the market completely rather than moving into Bitcoin”.

And 22% of our panellists feel that “We’re heading into an altcoin bull market”, while another 22% believe that Bitcoin dominance is so low as “an effect of ETH’s Merge upgrade”.

Mark Elenowitz, co-founder of Horizon Fintex/Upstream, shares some thoughts that fall in line with the idea that people are leaving the market entirely as opposed to rotating from altcoins into Bitcoin.

Unfortunately Bitcoin has been placed in the bucket of the sh!t coins and associated with FTX and the other collapses. The true value [of Bitcoin] has yet to be seen.”

Do you think cryptocurrency will still be around in 10 years?

The vast majority of our panellists feel that cryptocurrency will still be around a decade from now.

93% of them believe that crypto will still be here in 10 years.

Only 5% were unsure and 2% feel that cryptocurrency won’t exist in 10 years.

More specifically, 91% believe that CBDCs will be here and 87% think stablecoins will still exist.

87% think that NFTs will stick around and 80% think that Layer-1 tokens will remain.

These panellists believe that crypto coins and tokens associated with the metaverse, public data infrastructure and decentralised finance (DeFi) among other domains will still remain.

Some of our panellists expressed that the adaptability of companies in the space as well as proper regulation will be necessary if crypto companies are to survive and thrive over the course of the next 10 years.

“The future belongs to companies that can pivot, adapt and overcome,” Jeremy Britton, CFO at, says.

Nicole DiCicco, CEO at CryptoConsultz, believes that regulatory clarity is necessary if blockchain technology is to make it for another 10 years.

“Advances in the application of blockchain technology require further clarity on regulatory guidelines that will offer consumer protection but with enough flexibility to avoid stifling innovation,” DiCicco says.

In light of the market crash and the FTX collapse, do you think institutional investors will abandon cryptocurrency for other asset classes in 2023?

Despite the issues surrounding the collapse of FTX and the stigma it has cast on the crypto industry, the majority of our panellists feel that institutional investors won’t be swayed from investing in cryptocurrencies.

75% of our panellists believe that institutional investors won’t abandon cryptocurrency for another asset class in 2023.

However, over 1 in 5 (21%) do think institutional investors will abandon crypto in 2023, while 4% are unsure.

Major institutions have been preparing to get into crypto for some time now. According to our panellists, the drama surrounding FTX’s implosion won’t deter them.

“Large institutional players like Blackrock spent 2022 preparing for their entry and will lead the way for the rest of the institutional players during 2023,” Marcel Harmann, founder and CEO of THORWallet Dex, says.

Maxim Shilo, trading and crypto analyst at CoinLoan, seconds Harmann’s opinion and believes that the “bear market is for institutions to take [crypto] from weak hands”.

When do you think crypto prices will bounce back to their pre-FTX collapse levels?

Responses to this survey question were quite varied.

The period that the highest percentage of our participants feel crypto prices will bounce back to pre-FTX levels is Q3 of 2023. 22% feel that prices will bounce back by then.

13% believe that we will see such a rebound in prices earlier – by Q2 of 2023 and the same percentage feel that we will see them bounce back by Q4 of 2023, while nearly 1 in 10 (9%) believe that we will see a rebound by Q1.

15% think we’ll have to wait longer, until H1 of 2024, and 11% believe that this will happen in H2 of 2024.

4% believe that crypto prices won’t bounce back to pre-FTX levels until 2025 and 2% say it’ll be by 2026 or later. Meanwhile, over 1 in 10 (11%) feel that they will never bounce back.

Many of our panellists feel that the Bitcoin brand is still strong and that we won’t have to wait long to see the price of BTC rebound.

“Edging into the US$20,000 region since the FTX collapse, Bitcoin still has the founder brand value,” Paul Levy, senior lecturer at the University of Brighton, says.

Levy sees Bitcoin as a “stable choice” for investors who are still looking to get into the space post-FTX collapse.

Joseph Raczynski, technologist and futurist at JoeTechnologist Consulting, also believes that it won’t be long until the price of BTC rebounds.

“Bitcoin is a crouching tiger,” claims Raczynski. “Justifiably beaten back with the rest of the market post FTX, et al, it's well positioned to spring into attack mode if no big negative news arises.”

Meet the panel


Finder surveyed 56 fintech specialists in January 2023. Panellists are able to answer as many or as few questions as they like, meaning the number of responses received varies by question. 44 panellists gave their price forecast for BTC. 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.

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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