The question that comes to mind when you hear the words “Bitcoin” is: What is the price of Bitcoin in three years? The answer is a bit tricky to pin down, but there are several experts who give their predictions. Here are some of their thoughts. In three years, Bitcoin will likely hit $100K! What is your price prediction for Bitcoin in three years 2022? How much can it still grow?Read more in-depth cryptocurrency articles on this blog.
Despite recent predictions, experts are divided in their outlook. Some think that the price of Bitcoin will reach $318,000. According to Thomas Fitzpatrick, the global head of CitiFX Technicals, it will hit $318,000 by 2022. In his report, he compared the price of Bitcoin to the gold market in the 1970s. He also cited the acceleration of central bank money-printing since COVID-19 as a factor in his forecast.
The panel highlighted several areas in which Bitcoin will challenge traditional banks. For example, if staking a cryptocurrency is more advantageous than accruing interest, people will adopt it to circumvent sanctions against Russia. In addition, it will continue to challenge traditional banks and make its way around the world. And it will eventually replace fiat currencies in every country. It has also been speculated that Bitcoin will become a worldwide digital currency.
Experts are increasingly optimistic about the value of Bitcoin in three years. In April, they predicted $410,000, a figure that is less than twice the current price of $600,000. However, they’re more pessimistic about the price in five years. In fact, their predictions have lowered every single report since 2021, but are still well below their estimates for the price in 2030.