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Crypto Experts Predict Bitcoin Price Rising to $160,000 by Year-End




Bitcoin-bullish-prediction

A panel of 42 crypto experts took part in the Finder Survey, where the study revealed 61% of the panellist said that they believe the worlds biggest cryptocurrency is currently undervalued and on average the panel except Bitcoin to end 2021 at $66,284 per BTC.

The most bullish panellist member, Morpher CEO Martin Frohler predict the Bitcoin price to hit $160,000 per BTC by this year-end.

"Adoption by corporations and institutional investors paired with a loose monetary policy high asset inflation will propel bitcoin to 6 figures before the end of this year. The next halving cycle will see increased adoption of bitcoin as a legal tender by developing countries, and until 2030, bitcoin will have to replace gold as a global reserve asset."

However, other panellists argue that countries adopting bitcoin as legal tender like El Salvador's will hurt Bitcoin price. John Hawkins, senior lecturer at the University of Canberra's predict the price will fall to $20,000 by year-end.

The panellist includes Crypto asset managers, executives of crypto exchanges and other service providers, crypto analysts, professors, and lecturers at universities.



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