Bitcoin will hit highs of $81,680 this year and drop to $65,185 by December, according to a panel of 35 fintech and crypto experts.
Morpher CEO Martin Fröhler said he was bullish on this year's prospects — adding "political uncertainty, inflation, and an ever increasing desire to own non-government controlled assets will propel Bitcoin to new all-time highs." And in another sign that bullish sentiment has cooled in recent months, the average end-of-year forecast of $65,185 for Bitcoin is about 15% lower than what was predicted back in January.
"Bitcoin is a one trick pony. For now it really only serves as another currency, akin to a dollar, euro, or pound. Other blockchains that serve a multitude of purposes will likely have a chance to take the throne."
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