🔥🔥🔥 #Bitcoin2024 Forecast: Will $BTC Soar to $125K or Drop to $40K? Experts Weigh In
Bitcoin's Future: Cautious Optimism Amid Mixed Forecasts and Slow Adoption Prospects
A recent October 2024 survey by comparison platform Finder offers insight into Bitcoin's projected value and adoption timeline, based on input from 28 crypto experts.
On average, panelists expect Bitcoin (BTC) to reach $77,636 by the end of 2024—a decrease from the $87,169 forecast in July. By year-end 2025, they see BTC at $113,364, and climbing to $282,238 by 2030, indicating cautious optimism for Bitcoin's long-term growth.
However, forecasts vary widely. Finder noted:
-The most optimistic panelists predict BTC could hit $125,000 by the end of 2024.
- On the bearish end, some see BTC dropping to $40,000 by year’s close.
Despite this range, a majority believes now is a good time to buy BTC. According to Finder:
- 61% of experts consider Bitcoin a buy at current prices.
- 32% advise holding, while only 7% suggest selling.
This shows confidence in Bitcoin’s potential despite short-term fluctuations. However, experts are less hopeful about BTC's broader adoption for daily purchases in developed countries. When asked about mainstream adoption in a place like the U.S., opinions were conservative:
- 32% said it might never happen.
- 21% expect it by 2030.
- 11% anticipate 2036 or later.
This cautious outlook highlights Bitcoin’s gradual adoption trajectory alongside anticipated long-term value growth.
