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You can read all about it here: https://www.msn.com/en-au/money/news/asic-has-given-bitcoin-etfs-a-tentative-green-light-opening-the-door-for-them-to-be-traded-on-australian-exchanges/ar-AAQ5gdK?li=AAaeSy5
Bitcoin is set to peak at US$80,000-$100,000 in 2021 before ending the year the minimum of US$$80,000, according to Finder's panel of 50 fintech specialists. This is roughly 8% higher than the panel's prediction back in July, and 37% higher than the panel had predicted back in December 2020.
The longer-term predictions for BTC look even brighter: By the end of 2025, panellists expect BTC prices to skyrocket to an average of US$249,578 respectively. While a significant increase from BTC's current price, the forecast for the end of 2025 is roughly 20% lower than the panel had predicted in July.
|When prediction made||End of 2021||End of 2025|
|December 2020 predictions||$51,951||$197,553|
|April 2021 predictions||$94,967||$360,179|
|July 2021 predictions||$66,284||$318,417|
|October 2021 predictions||$71,415||$249,578|
Some panellists – including CoinFlip founder and chief advisor Daniel Polotsky, who believes BTC will end the year at US$80,000 – attribute their bullish predictions to BTC slowly dethroning gold as a store of value.
"As Bitcoin continues to mature and increase in value, usability, age and trust, it will behave less like a growth stock, and more like a gold-like store of value. Eventually Bitcoin will dethrone gold as the king of safe-haven assets, and hopefully this changing of the guard takes place by the end of the decade," said Polotsky.
Finder.com founder Fred Schebesta believes BTC will cap the year at US$87,000 due to the surrounding hype.
"Bitcoin is so hot right now. NFTs are pumping it, there is so much institutional demand, the US government is not banning it and everyone's getting in on it. I have strong conviction that it will continue to rise," he said.
First Digital Trust COO Gunnar Jaerv, who has an EOY prediction of US$70,000, agrees with Schebesta that BTC will continue to rise with support from the market.
"The bull run is different this year. More innovations, more regulatory involvement (despite FUD) and the ecosystem and infrastructure puzzles are falling into place quite nicely."
What do you think will happen when the Eight New BitCoins hit the world market?