Finder: Will Bitcoin Hit $200k by 2023?

In a survey involving 35 fintech experts, Finder uncovered that more than half of the respondents expected Bitcoin to reach two hundred thousand dollars by 2023. But did they actually do so? What's driving the bullish sentiment? What about Ali Mizani's prediction? Will Bitcoin ever reach $200k? These are the questions that this article seeks to answer. And, if you're curious, here are three reasons why it might.

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Finder surveyed 35 fintech specialists from 28 March - 11 April 2022

This report contains the findings from a survey Finder conducted from 28 March to 11 April 2022 among 35 fintech specialists. Participants were allowed to answer as many questions as they want, as long as they are relevant. Of the 34 panelists, 33 responded with BTC price estimates. Some of the respondents were crypto owners; therefore, BTC prices listed in USD may not be accurate.

In the past year, fintech has seen rapid growth in Latin America and the Caribbean. According to CB Insights, fintech funding globally reached $132 billion. In fact, fintech raised double the money it raised in 2010, and accounted for more than 20% of all venture capital funding in 2021. Despite the global recession, the region's fintech ecosystem is still growing.

Finder surveyed 35

A recent Finder survey of 35 Bitcoin miners found that the majority of respondents thought that the price of BTC would remain flat over the next two weeks. The panel, which included Finder employees and external experts, surveyed over 42,000 people from 27 countries. The survey also found that the majority of respondents believe that BTC is unlikely to reach their price targets in the coming year. This is not surprising considering the fact that over two-thirds of miners own some form of crypto.

The Finder study showed that over one-third of Australians believe that Bitcoin will eventually overtake fiat. Meanwhile, a majority of Gen Z members also shared this view. It is difficult to gauge whether Bitcoin is a wise investment in the present, but the future looks brighter for the crypto. Almost half of the respondents believe that Bitcoin is a legitimate investment and will replace fiat currency by 2050.

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Dan Morehead's bullish stance on bitcoin

One of the most notable investors in cryptocurrency is Pantera Capital's chief executive officer, Dan Morehead. With over 25 years of experience in macro trading, investment advisory services, and global finance, Morehead has a unique perspective on the digital asset. He recently sampled out the next big holding - bitcoin. Morehead believes the crypto market has already priced in five rate hikes. However, he hasn't written off the entire industry, noting that it's still a speculative investment.

Morehead's optimistic view on bitcoin is tempered by the fact that the cryptocurrency has already slid 20% this year. It was trading below $37,000 on Friday, a far cry from its November peak. The market decline has been fueled by a number of factors, including expectations of rising global interest rates and aggressive moves by central banks to reduce inflation. But Morehead's long history in finance and entrepreneurship has led him to be a strong supporter of crypto. In fact, he began trading bonds at Goldman in the 1980s and later worked for Julian Robertson. In 2003, he founded the Menlo Park-based Pantera Capital fund.

Ali Mizani's prediction

If you're an avid bitcoin investor, you've likely heard of the well-known figure Ali Mizani. He is a futurist, researcher and inventor who holds some of the most lucrative cryptocurrency portfolios in the world. As Founder/CIO of FiCAS AG, a Swiss-based professional company, Ali is well-positioned to give you guidance on making wise investments in crypto-assets.

A business intelligence magazine has forecast that Bitcoin will hit $100K by the end of 2021. This is a wildly optimistic prediction, considering the rapid rise in Bitcoin prices this past year. However, there is always the chance that the digital currency will crash to zero. But the long-term forecasts in the market are extremely positive. One expert, Chamat Palihapitiya, believes Bitcoin will reach $200,000 per coin by 2025.