Finder Cryptocurrency Predictions Report 2023
Finder's panel of experts give their opinions on what the future holds for crypto.
Estimated reading time: 2 min
Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.
What are the key risks?
1. You could lose all the money you invest
- The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in cryptoassets.
- The cryptoasset market is largely unregulated. There is a risk of losing money or any cryptoassets you purchase due to risks such as cyber-attacks, financial crime and firm failure.
2. You should not expect to be protected if something goes wrong
- The Financial Services Compensation Scheme (FSCS) doesn't protect this type of investment because it's not a 'specified investment' under the UK regulatory regime – in other words, this type of investment isn't recognised as the sort of investment that the FSCS can protect. Learn more by using the FSCS investment protection checker.
- The Financial Ombudsman Service (FOS) will not be able to consider complaints related to this firm or Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance. If you have a complaint against an FCA regulated firm, FOS may be able to consider it. Learn more about FOS protection here.
3. You may not be able to sell your investment when you want to
- There is no guarantee that investments in cryptoassets can be easily sold at any given time. The ability to sell a cryptoasset depends on various factors, including the supply and demand in the market at that time.
- Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay and you may be unable to sell your cryptoassets at the time you want.
4. Cryptoasset investments can be complex
- Investments in cryptoassets can be complex, making it difficult to understand the risks associated with the investment.
- You should do your own research before investing. If something sounds too good to be true, it probably is.
5. Don't put all your eggs in one basket
- Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well.
- A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
If you are interested in learning more about how to protect yourself, visit the FCA's website here.
For further information about cryptoassets, visit the FCA's website here.
In a recent survey, Finder polled crypto experts and analysts to find out what they think the future holds for the price of Bitcoin (BTC) and Ethereum (ETH).
How much will the value of BTC and ETH rise over the next eight years?
In January 2023, our panel predicted that the prices of BTC and ETH would rise within the year, though, not to new all-time highs .
However, our panel predicted that the prices of BTC and ETH would rise significantly by 2025, and then again by 2030.
Bitcoin price predictions
The Finder panel predicts the price of BTC will close out 2023 at US$26,844.
The panel sees the price of BTC hitting US$77,492 by 2025 and US$188,451 by 2030.
To read the full report head on over to the Finder Bitcoin (BTC) price prediction report.
Ethereum price predictions
The Finder panel predicts the price of ETH will close out 2023 at US$2,184.
The panel sees the price of ETH hitting US$6,033 by 2025 and US$14,316 by 2030.
For more information about the future price for Ethereum, what Ethereum's move to a proof-of-stake (PoS) model in 2022 means for its value and more from our experts, check out the Finder Ethereum (ETH) price prediction report.
Meet the panel
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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