Industry experts believes BTC is primed to hit $106,000

[Frankolala]

 There is a new report notes that Bitcoin will cross the $100k in 3yrs time by industry experts.
  The Fintech firm which consists of 53 industry experts noted that investors should expect BTC to soar to $106,757 by the end of 2025 -468% of it's current price of $21,795 as at press time.
   The panel thinks that BTC might sink to $13000 this year due to newer market realities influenced by the crypto winter, current issues and down turn of other part of the economy. The panel also said that BTC will likely reach a maximum price of $35000 before the end of this year.

  Fred Schebesta believes BTC will see a new all time high this year,the panelist are also advising investors to buy more coins as there is positive outlook since the market is recovering from the down turn of previous month.

  BTC has gained 10.71% in the past week to trade at $21,795 .as of press time. BTC coinbase premium has also indicate a high buying pressure on US institutional investors.
 
   This shows hope in Bitcoin investment

https://c.newsnow.com/A/1138460492?-31421:2839046911:tt_central_top

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[_act_]

I do not think it is wrong, we do not know what will happen in the future until it happens, but if bitcoin continues to repeat its price pattern, that means getting over $100000 is certain in the next three years. Most of people are considering halving, that people again will invest big in bitcoin which will make its price to rise again.

[P2PECS]

There is a new report notes that Bitcoin will cross the $100k in 3yrs time by industry experts.

You don't have to be an expert to know that after the next halving we will cross the $100k barrier unless a catastrophe happens. The rest of the predictions about what is likely from these experts I don't give much thought to.

[NeuroticFish]

There is a new report notes that Bitcoin will cross the $100k in 3yrs time by industry experts.
  The Fintech firm which consists of 53 industry experts noted that investors should expect BTC to soar to $106,757 by the end of 2025 -468% of it's current price of $21,795 as at press time.
   The panel thinks that BTC might sink to $13000 this year due to newer market realities influenced by the crypto winter, current issues and down turn of other part of the economy.

Almost everybody can make this kind of predictions, without calling himself expert.
Even more, predictions are worthless, since there's no harm at all if they don't come true, especially if it's predictions spanning for longer period of time, so people get to forget.

Both falling under 15k in the near future and getting over 100k after halving are rather common topics/expectations on this forum.

The panel also said that BTC will likely reach a maximum price of $35000 before the end of this year.

This is, on the other hand, an interesting prediction, since not that many are bold enough to make predictions for the end of the year (they can easily get it wrong and it's not far enough to get forgotten). We'll see..


PS. This topic is more suitable for Speculation than B&H.

[Daniel91]

I have personally seen different predictions from financial experts, from those who predict the complete collapse of bitcoin or a fall below $10,000 to those who predict btc to grow to a million dollars by 2028.
There is no point in discussing these predictions because we are not talking about facts here but only guesses or assumptions that are very unlikely to come true.
What exactly will happen in the end with bitcoin and other cryptocurrencies, I don't think anyone can say 100% and it's much better to think about your plans and strategies in the crypto market, and the exit strategy, because that's the only thing that depends on us.
Entering the crypto market without any plan and reading all these predictions and believing them is a path to disaster and not to success.

[PrivacyG]

Would like to know how many of their 'predictions' were actual successful predictions over the last years.  Funny how we always look up to these 'experts' but we never actually get to hear whether they ever actually had decent predictions over time or it is yet another future failure of theirs.  Do I count as an expert as well since I predicted growth and bear runs multiple times, ignoring the hundreds of times I was wrong?

-
Regards,
PrivacyG

[ShowOff]

The first part of the forecasts is very similar to the actual state of affairs. I also expect bitcoin to close this year no higher than 35k-30k, no new ATH this year to even talk about, because these are rosy dreams.

I would support that assumption because I think $40K is still quite high as a closing price at the end of 2022 and instead, $30K or $35K is possible. At the moment we are still in the range of a 66% decline from ath, so it must be hard to expect a 70% to 80% increase from the current price of "$23K". It might be good to keep looking optimistic about $100K this year as a wish, but I don't expect it to come true because in reality a lot of dreams don't come true.

$100K is the highest price that cannot be reached in the next 5 months, so this is a dream. But maybe we will see it become something true in the next 3-4 years "if" the demand for bitcoin continues to increase and adoption is everywhere.

[darkangel11]

There is a new report notes that Bitcoin will cross the $100k in 3yrs time by industry experts.
  The Fintech firm which consists of 53 industry experts noted that investors should expect BTC to soar to $106,757 by the end of 2025 -468% of it's current price of $21,795 as at press time.
   The panel thinks that BTC might sink to $13000 this year due to newer market realities influenced by the crypto winter, current issues and down turn of other part of the economy. The panel also said that BTC will likely reach a maximum price of $35000 before the end of this year.

  Fred Schebesta believes BTC will see a new all time high this year,the panelist are also advising investors to buy more coins as there is positive outlook since the market is recovering from the down turn of previous month.

Damn, those guys are dumb.

They are telling people to buy bitcoin now but expect it to fall to 13k? What kind of advice is this? Buy now because we think it will be cheaper later?

Also, these guys predict the typical 85% drop from ATH followed by a new ATH after the halving. This is all their prediction depends on. They think we'll go to 13k because that's where the last bear market went and then they expect the rise above 100k because bitcoin used to reach a new high a year after the halving. They are too predictable and their predictions aren't going to come true because everybody knows about this pattern now and it's not going to happen again like in 2018.

[Adbitco]

OMG
It's not bad having such mindset of bitcoin getting to such predicted amount but I seen numerous people and many bitcoin trader analyst said we might see bitcoin on $10k to $6k but it ended up dipping at $17k with a strong support back to 20k then 24k. Today we have another news coming up so we believe this prediction would lead to something good.

[m2017]

Would like to know how many of their 'predictions' were actual successful predictions over the last years.  Funny how we always look up to these 'experts' but we never actually get to hear whether they ever actually had decent predictions over time or it is yet another future failure of theirs.  Do I count as an expert as well since I predicted growth and bear runs multiple times, ignoring the hundreds of times I was wrong?

-
Regards,
PrivacyG

You rightly noticed.

I guess people like to hear predictions like this that bitcoin will reach a new psychological level. This gives to holders hope for "tomorrow". The $100.000 figure is beautiful and noticeable, which the crypto community wants to see. Although I am not an expert, I assume that in 2025 we will be able to see a price of $100.000. If there are no bad events, then there will be a bull run, which will push bitcoin to this value. At the last bull run, bitcoin managed to almost reach the $70.000 mark, from which about 30% remains to $100.000. So, it's quite achievable.

[Upgrade00]

Today we have another news coming up so we believe this prediction would lead to something good.

Predictions do not lead to anything, the market does not react to them, so do not expect anything to come out from it.
Everyone has their expectations of what the future would be for Bitcoin and how the price would move. No prediction is more correct than another, even if the news writer throw in words like expert or analyst.

Rather than trust predictions, create your own price expectation over the long term based on price history and current fundamentals, ideally this should be a range (both in amount and time frame). For example; Bitcoin could be worth between $60k - $120k within the next 3-5 years.

[YOSHIE]

There is a new report notes that Bitcoin will cross the $100k in 3yrs time by industry experts.

Now it is very easy for you to see Bitcoin prediction experts speculating about the price of Bitcoin on the internet, it's their job in crypto market, they need Bitcoin movement all the time, Bitcoin industry experts a fraction of Bitcoin investment.

But they don't actually store Bitcoin in the next 2-3 years, they often trade short term, for that anyone can believe the growth and movement of Bitcoin can change unexpectedly, so that you stay above $100k, in the next one or three years, this is when you try to speculate your capital to invest Bitcoin at this time, don't wait for Bitcoin to really go up beyond the expert's predictions.

You must have your own goals and principles in determining the price of Bitcoin and investing in yourself and your future.

[ShowOff]

Personally, I expect the Bitcoin annual candlestick to close in red this year. For this to happen, the closing price, on December 31st, must be less than $46,000. In light of current events, this is real. As for $100,000, sooner or later it will happen. Bitcoin never stands still and is constantly evolving in terms of adoption and price range. It is important to understand that bitcoin cannot grow forever, like any other asset, the market needs corrections.

The evolution of bitcoin which will be much more developed in the future can actually be considered as a guarantee that this network is very strong to never die. I expect $100K to be reached in the next few years following the development of adoption and use cases. Obviously I personally feel pretty optimistic about that too, but going back to the end of the year that the close will probably be in the red candle for the monthly TF.

the closing price, on December 31st, must be less than $46,000.

I agree.

[BitcoinPanther]

I think those so-called experts of the industry are basing their prediction on the 4-year cycle of Bitcoin.  Anyone applying the logic of 4-year cycle will come up with the said predictions. 

Today we have another news coming up so we believe this prediction would lead to something good.

Predictions do not lead to anything, the market does not react to them, so do not expect anything to come out from it.
Everyone has their expectations of what the future would be for Bitcoin and how the price would move. No prediction is more correct than another, even if the news writer throw in words like expert or analyst.

Rather than trust predictions, create your own price expectation over the long term based on price history and current fundamentals, ideally this should be a range (both in amount and time frame). For example; Bitcoin could be worth between $60k - $120k within the next 3-5 years.

I agree, prediction are just guesses but if the prediction is well accepted by the market then it can possibly create hype and the chain of events may possibly create an uptrend move of the Bitcoin market.

[dataispower]

I do not think it is wrong, we do not know what will happen in the future until it happens, but if bitcoin continues to repeat its price pattern, that means getting over $100000 is certain in the next three years. Most of people are considering halving, that people again will invest big in bitcoin which will make its price to rise again.

Anybody know that bitcoin is not something that you rely on because it it does not have a flux or constant price so because of it is a decentralized currency and it cannot be regulated by any means or any conduct I think prediction of a Bitcoin in next 3 years and 4 years going up it's not fixed and is not guaranteed. So nobody is supposed to lose it's hope on cryptocurrency increment. I believe that cryptocurrency will go up but no is assured of it. People buying Bitcoin for reference time and also investment is good.

[Viscore]

I have personally seen different predictions from financial experts, from those who predict the complete collapse of bitcoin or a fall below $10,000 to those who predict btc to grow to a million dollars by 2028.
There is no point in discussing these predictions because we are not talking about facts here but only guesses or assumptions that are very unlikely to come true.
What exactly will happen in the end with bitcoin and other cryptocurrencies, I don't think anyone can say 100% and it's much better to think about your plans and strategies in the crypto market, and the exit strategy, because that's the only thing that depends on us.
Entering the crypto market without any plan and reading all these predictions and believing them is a path to disaster and not to success.

We should be focusing on our own plan and views about bitcoin and the crypto market. That way, we will never rely in all assumptions that are seen less effective in the future. Well, everyone is free to create his or her predictions regarding bitcoin and the crypto market, and that’s how the pros and experts are doing right now. But definitely, their assumptions have not yet been proven, so at the end of the day, we should only rely on our own thoughts and predictions to avoid making regrets and putting our blames on other people.

[Yamifoud]

I believe that some people are experts on something but if we talk about crypto, and market speculations - all of them got to fail to point out what gonna happen. Do we believe this OP? I guess, not. We know that Bitcoin is unpredictable and nothing we can do with that even though we have all data from the current situation as this is not enough to tell what gonna happen next. I won't say it was wrong doing this but if we are going to speculate much better if it was somewhat achievable and very close to reality.

[Wilhelm]

Bitcoin went from $500 to $69000 in the last 5 years (eyeballing chart). That's 138x

I think 1.5x the last ATH is a very low estimate for the next 5 years (takes a hit of hopium)  

[bluebit25]

Sounding very reasonable with these speculations, BTC always offers a lot of opportunities for price increases as well as various potential risks. Over the next 3 years is also a very complicated period of the future, seeing problems all over the world I think many things and also BTC will be subject to extreme volatility, and I am quite inclined to it. really strong on price creating new ATH records, wait and see what can happen.

[Davian144]

There is a new report notes that Bitcoin will cross the $100k in 3yrs time by industry experts.
  The Fintech firm which consists of 53 industry experts noted that investors should expect BTC to soar to $106,757 by the end of 2025 -468% of it's current price of $21,795 as at press time.

This means that there are still many experts who believe in Bitcoin and investors still expect a large increase in Bitcoin so they are very optimistic that Bitcoin can soar to 468% by the end of 2025. On the one hand I'm very happy to hear that, but for me personally it's still a very long time to wait because now everyone is still in 2022.

   The panel thinks that BTC might sink to $13000 this year due to newer market realities influenced by the crypto winter, current issues and down turn of other part of the economy. The panel also said that BTC will likely reach a maximum price of $35000 before the end of this year.

I'm not really afraid of the Panel's thinking if Bitcoin actually sinks to $13000 this year, because after that there could be a big wave in Bitcoin which results in more Bitcoin rising. Because investors who still strongly believe in Bitcoin will definitely make large purchases if the Bitcoin price is at $13000 this year.

  Fred Schebesta believes BTC will see a new all time high this year,the panelist are also advising investors to buy more coins as there is positive outlook since the market is recovering from the down turn of previous month.

I agree more with what Fred Schebesta said because the positive prospects of a market recovery from the previous month are already visible and that is the reality, but I don't think Bitcoin will hit an all-time high this year.
 

   This shows hope in Bitcoin investment

Clearly hope is still there for those who still believe in Bitcoin. So be patient while enjoying the current conditions.