The cryptocurrency market is known for its high volatility. This means it can significantly dip or surge massively within a short period. For instance, the market experienced a bull run in 2017 that pushed the price of many virtual currencies to an all-time high. In 2018, the famous crypto crash left most buyers with severe economic scathes. 

According to the BTC price chart, the most recent 2021, bull run has seen Bitcoin (BITCOMP) reach an all-time high of $64k. However, the market has dipped to $32k in just two months. Despite this drop, many BTC predictions forecast for the coin to hit 100k USD by the end of this year.

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What's the point here? Well, the crypto market has insane volatility, making it hard for investors, especially rookie traders, to predict short-term price movement. Luckily, some experts do all the leg work. They analyze the cryptomarket using fundamental, technical, and algorithmic analysis. They go a step further to share the forecast for public benefit. 

In this article, we will look at some predictions from top crypto experts. Let's get started. 

Bobby Lee

Bobby Lee is a popular name in crypto prediction circles. Why? Simply because his forecasts have come to pass.  For instance, the CEO and founder of Ballet wallet crypto predicted that Bitcoin prices would rally in late 2020, proliferate in early 2021 before peaking in December. At the time of the projection, Bitcoin was trading below $10000.

Well, unfolding has been pretty much similar to the predictions. The Bitcoin rally started in mid-2020 before reaching a new high at the beginning of 2021. In May, the price reached an all-time high, trading above $63k. 

Initially, Bobby Lee predicted the price would reach $333000 by December. Although he no longer stands with this forecast, he expects the price will hit $200000 by the end of the year.  According to Lee, institutional investors like Elon Musk will significantly contribute to the growth of Bitcoin value.  Companies like SpaceX will likely follow suit thanks to investor confidence. 

However, part of his prediction spells doom on the Bitcoin price. The BTC China, the first china based crypto exchange, founder foresees the Bitcoin price crash in 2022 before picking up in Jan 2023 to trade at around $41000. According to  Bob Lee, the crash that will follow the Bitcoin price peak will be devastating. The Bitcoin winter could last up to 3 years. However, the market will pick up over time.

Cameron and Tyler Winklevoss

Cameron and Tyler Winklevoss are people's names in the media. Remember when they accused Mark Zuckerberg of stealing their idea by creating Facebook. Apparently, the two identical twins hatched the idea of social networks at Harvard University. They own the Gemini crypto exchange and have a net worth of $6 billion.

The Winklevoss brothers are great Bitcoin enthusiasts. The massive investment in Bitcoin explains their endearing to the digital coin. However, their disdain for the fiat US dollars is quite pronounced. They have to extend of referring the fiat currency as the ultimate shitcoin. According to Tyler, the Bitcoin market cap should be equal to the gold market cap of $12 trillion.  With Bitcoin hovering around $1 trillion, they forecast the cryptocurrency will grow at least ten times. The Bitcoin investors believe Bitcoin will hit $500 000 and will therefore HOLD until then. The twins refer to Bitcoin as gold 2.0.

Although the price of Bitcoin has dipped significantly from highs of 64K, the two Bitcoin enthusiasts remain bullish about the cryptocurrency. According to Tyler, Bitcoin is the best hedge against inflation. They argue the investors are responding to inflation risk emanating from the government printing massive amounts of dollars to keep the economy going. 

Mark Yusko

Mark Yusko is the founder of Morgan Creek capital management firm. According to the serial investor, Bitcoin will be trading at par with gold. Bitcoin's price has more than quintupled in the last year. The CEO believes that the price will increase fivefold in the coming five years to reach $400k. In the short term, Yusko expected Bitcoin to hit $100000 by 2022. 

According to Yurko, increased usage and network adoption will boost Bitcoin prices significantly. Networks have an attribute of growing exponentially, and Bitcoin is the first network to reach a value of trillion dollars. Also, Bitcoin uses stock to flow forecast models, which takes into account the finite total supply and the reducing reward for mining. 

According to the Morgan Creeks CEO,  Bitcoin is a highly underrated network. His prediction is similar to Anthony Pompliano, Morgan Creek co-founder, that the price of BTC could reach $100k. While he is pretty much hopeful about Bitcoin, we can’t say the same about other digital currencies. The capital manager believes only a few cryptocurrencies will survive in the long run. For instance, he says, “dogecoin is a useless cryptocurrency” that will vanish into thin air in due course.

Tim Draper 

Two years ago, Tim Draper predicted that Bitcoin would reach $250 000 by the end of 2022. He, however, argues the prediction is too conservation and Bitcoin will certainly reach the $250 k mark. According to the venture capitalist, Bitcoin will surge as companies appreciate that Bitcoin is a must-have asset in their portfolio. He also believes Ethereum will usher in a new dawn for proof of state to determine currency governance in the future. 

The billionaire Bitcoin bull argues that Bitcoin will equalize all employees. Unlike the fiat US dollar, which is losing its value, one BTC will always remain one BTC. Draper came under fire when he boldly predicted that Bitcoin would surpass $10000. At that, Bitcoin was trading at $400.  Well, the future proved him right. Although he has doubled down his initial prediction of $250000, he doesn't see why the cryptocurrency will not grow a hundredfold to match the $100 trillion fiat money’s value. 

He also predicts that fortune 500 companies will be buying Bitcoin. Specifically, he singled out Netflix. That said, he says companies like Apple (AAPL), Google (GOOG), and Facebook (FB) will likely create their cryptocurrencies.  

Crypto Market Will Grow 

There seems to be a consensus among crypto experts that Bitcoin will increase in the short and long term. Besides individual experts, crypto professionals also forecast a bull market.

Recently, Finder.com composed a  panel of 35 academics and crypto experts. The professionals predict Bitcoin will surpass $120 000 this year. The majority of the panel believes institutional investors will drive the price upwards. However, 18 percent of the panels maintain whales (small group investors holding gargantuan amounts of Bitcoin) will back the bull run.

About half of a panel believe Bitcoin is undervalued and has potential for value growth in the future. However, they admit  $100000 is a psychological barrier that is quite high to attain even for institutional traders. In the long term, the group experts Bitcoin to ride the bull run and reach $360 179 by 2025. 

Conclusion Note 

The Bitcoin journey is a rollercoaster of ups and downs. While some investors are skeptical of the price movement, many others are optimistic the future of the pioneer digital currency is bright. Some of the projections have a conservative value of $100000, while others forecast as much as $500000 per Bitcoin. Either way, the general expectation is that the Bitcoin price could increase. In a nutshell, the price movement of the crypto market is to wait and see the situation.