Finder Bitcoin Prediction Survey: Bitcoin Price Will Reach Six Figures

Bitcoin is expected to reach six figures this year, according to a new first quarter forecast from Finder.

Bitcoin supporters and crypto enthusiasts believe that the cryptocurrency economy will continue to thrive. Finder asked 35 financial panelists for their expert opinions on how high BTC will rise this year and when the bull run might end.

Finder spoke to YAP Global Founder and CEO Samantha Yap, Cypherpunk Holdings Inc. CEO Tony Guoga, Coinmama CEO Sagi Bakshi, Consensys Chief Economist Lex Sokolin, Blockparty CEO Vladislav Ginzburg, and more cryptocurrency executives.

Of the 35 panelists, nearly half (48.48%) said “now is the time to buy BTC.” 39.39% of participants said people should hold, and 12.12% said “it’s best to sell.”

During this quarter’s panel discussion, Morpher CEO Martin Fröhler and Cake Pte Ltd CEO and director Julian Hosp provided top Bitcoin price predictions. The executives believe that Bitcoin’s price could reach “$250,000 and $200,000.”

Sharing this prediction, Fröhler said, “Bitcoin is the ultimate long-term store of value and will gradually replace gold and bonds.”

Josh Fraser, co-founder of Origin Protocol, predicts that Bitcoin will reach $150,000 by the end of the year. Fraser said that everything depends on supply and demand, emphasizing that "demand will only continue to increase, while supply will decrease."

More than a third think the bull run will end in the fourth quarter, and nearly a third think it will end in the third quarter.

"This scarcity will drive the price of Bitcoin up to the point where people will hoard Bitcoin like they do gold and people may refuse to sell," said Desmond Marshall, managing director of Rouge International.

Respondents believe that a large-scale hacking attack is likely in 2021, with 26% saying it is very likely.

So far, though, optimism in the space has pushed up bitcoin’s price, and Simon Trimborn, an assistant professor at City University of Hong Kong, said in his research that the trend will continue to drive bitcoin higher.

“Developments such as Coinbase going public and the company’s investment in Bitcoin have the potential to push prices higher,” Trimborn wrote.

Despite Bitcoin's consecutive gains over the past six months, about 51.52% of people still said that Bitcoin is still undervalued. 24% of respondents said they believe that Bitcoin is overvalued.

Sarah Bergstrand, COO of Bitbull Capital, said that one day the price of Bitcoin will reach $1 million per coin.

"She was not the only panelist to make this prediction," the Finder report stressed.

Two panelists echoed Bergstrand’s million-dollar prediction, with Coinmama CEO Sagi Bakshi and LMAX Group cryptocurrency strategist Joel Kruger also predicting that the bitcoin price will reach $1 million by 2025.

“Institutional investors currently own the smallest market share (25.07%). Retail investors (28.23%) and whales (46.70%) follow closely behind,” the report states.