Binance ceo predicts bitcoin price
All prices mentioned in this report are in US dollars. Finder measures expert predictions for the future of Bitcoin's price through 2 surveys. Our weekly survey asks a rotating panel of 5 fintech specialists whether they are bullish, bearish or neutral on BTC for the 2 weeks ahead. Our larger quarterly survey, last conducted in late September to early October, asks a panel of 55 industry specialists for their thoughts on how Bitcoin will perform over the next decade.
However, while the current predictions are lower than previous reports, the panel still expects a similar upward trajectory for the price of Bitcoin, only starting from a lower base. While the crypto crash is partially to blame for the panel's lower predictions, their collective predictions are becoming less bullish on the highs BTC will see by the end of both and Smales sees a further drop in the stock market and Bitcoin by the end of One of the more pessimistic predictions comes from an angel investor, Veronica Mihai.
As global traders capitulate their investments, Bitcoin will experience new lows not reached this year. There has been volatility in markets, wider institutional adoption and access through ETFs and more recognised custody solutions. The high cost of mining, the high use for nefarious purposes and the fact that it is not supported by any underlying asset means BTC will continue to drift lower.
What does a successful Merge mean for Bitcoin? Now that the Ethereum Merge has been completed, we asked our panellists how the Merge will affect Bitcoin and its price. Success of the wider system is beneficial for all parties. Bitcoin and Ethereum do not compete, they have different value propositions. Therefore, even though it most likely will lose dominance, versus other cryptos, it will still overperform most non-crypto assets. Not every services offered is permitted for use in all countries.
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