Bitcoin Update: Of 43 Forecasts For 2023 Only 12 Are Close
Image Source: Pexels
Back in May we did an exhaustive search of the internet and come up with over 40 forecasts by professional forecasting agencies and experts of where they see the price of Bitcoin being by the end of 2023.
The price of Bitcoin was $28,890 back on May 7th and the price as of the time of writing today is $43,373. For a live look at current Bitcoin pricing go here. With only 3 weeks left in the year here's an update:
- BTCC.com: $30,121 (Source)
- Changelly.com: $30,427 (Source)
- BitDeal.net: $30,467 (Source)
- CaptainAltCoin.com: $30,787 (Source)
- CryptoPredictions.com: $32,505 (Source)
- Medium.com: $33,000 (Source)
- Trading-Education.com: $33,000 (Source)
- Bitkan.com: $34,913 (Source)
- Dr. Youwei Yang: $35,000 (Source)
- CoinPriceForecast.com: $35,146 (Source)
- LongForecast.com: $35,170 (Source)
- Finder.com: $35,458 (Source)
- TheNewsCrypto.com: $36,047 (Source)
- CoinArbitrageBot.com: $36,321 (Source)
- Joseph Raczynski: $40,000 (Source)
- Ruadhan O: $40,000 (Source)
- InvestingHaven.com: $40,404 (Source)
- CrowdWisdom.live: $41,281 (Source)
- TechNewsLeader.com: $42,664 (Source)
- BicoinWisdom.com: $42,964 (Source) - On the money!
- CoinPedia.org: $43,959 (Source)
- Telegaon.com: $44,213 (Source)
- PricePrediction.Net: $44,793 (Source)
- CoinDCX.com: $45,300 (Source)
- Cryptopolitan.com: $45,368 (Source)
- Ambcrypto.com: $46,491 (Source)
- Carol Alexander: $50,000 (Source)
- BitNation.co: $51,714 (Source)
- TradersUnion.com: $55,826 (Source)
- CryptoNewsZ.com: $59,018 (Source)
Average: $40,079
In addition to the above 30, 13 other forecasts were much more aggressive, as follows:
- DigitalCoinPrice.com: $62,703 (Source)
- SoftWareTestingHelp.com: $64,734 (Source)
- Mike Novogratz: $67,000 (Source)
- Paolo Ardoino: $69,000 (Source)
- Marshall Beard: +$69,000 (Source)
- CryptoPricePredictions : +$72,000 (Source)
- TheCryptoBasic.com: $75,000 (Source)
- Business2Community.com: $75,000 (Source)
- Adam Back: $100,000 (Source)
- Sayantani Sanyal: $100,000 (Source)
- Anthony Pompliano: $100,000 (Source)
- Philip Swift: $137,000 (Source)
- Tim Draper: $250,000 (Source)
In summary, of the 43 forecasts, 14 were surpassed (under $40,000), 12 remain in the ballpark ($40,000 to $49,999), and 17 are so aggressive they have no chance of being realized. It looks like a bell curve to me!
More By This Author:
Update: These 7 Analysts To Miss Their 2023 Gold Price Targets - Badly
Micro/Small Cap Companies Using AI In Drug Discovery Up 35% In November
Top 10 Cyber Security Stocks Up 15% In November; Now Up 80% YTD
Disclosure: None
Visit munKNEE.com and register to receive our free Market Intelligence Report newsletter (sample more