Experts predict bitcoin to grow by 25% this year

According to a survey conducted by Finder, the value of bitcoin will increase by 25% by the end of 2022, according to 53 cryptocurrency and Web3 experts.

Experts predicted that the price of bitcoin will reach an annual minimum of $ 13,676 and then recover to $ 25,473 (at the time of writing, BTC is trading for $ 19,864). There are also «big optimists» among the respondents, such as Morpher CEO Martin Froehler, who believes that the price of bitcoin will fall to $ 12,000 and then rise to $ 40,000 by the end of this year.

It is also interesting that 70% of experts are convinced that the cryptocurrency market has «officially entered a crypto-winter», which was largely caused by rising interest rates around the world, the Terra collapse, and rising inflation. Consequently, 29% of respondents believe that the cryptocurrency market will fully recover this year, while 46% said that the unstable situation with the value of digital assets will «drag on» until 2023, 24% - until 2024 or longer.

Analysts at Deutsche Bank have a similar view on the value of bitcoin by the end of 2022, predicting that the BTC may partially recover to $ 28,000. However, Adam Beck, CEO of Blockstream, would definitely disagree with such forecasts, believing that the value of bitcoin will increase to $ 100,000 (almost 5 times) by the end of this year. In general, there are as many analysts as there are different predictions, which name different figures: 700% growth, 1100% growth, and 40% decline.