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Bitcoin

<p>Over the past few days, Bitcoin’s (BTC) value has been declining. This trend, however, doesn’t dampen analysts’ optimism about the flagship crypto’s short-term prospects.</p> 
<h2 id="h-btc-between-38-000-and-42-000-by-the-end-of-2023">BTC between $38,000 and $42,000 by the end of 2023</h2> 
<p>The queen of cryptos is currently worth around $29,900. Indeed, the bitcoin price is experiencing a slight decline from the $30,000 it reached a few weeks ago. That’s not stopping crypto data provider Finder from predicting a further rise in the asset’s price.</p> 
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<p>Finder formed this opinion on the basis of <a href="https://news.bitcoin.com/btc-to-peak-at-42k-in-2023-finders-bitcoin-price-predictions-report/" target="_blank" rel="noopener noreferrer nofollow">a survey of 29 specialists in the US crypto industry</a>. For 43% of them, bitcoin’s upside potential is undervalued.</p> 
<p>At the same time, 36% of the experts surveyed consider bitcoin’s growth potential to be fairly valued. The remaining 21% of experts believe that bitcoin will not grow too much, as its explosive prospects are overvalued.</p> 
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    <blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
     <p lang="en" dir="ltr">BTC to Peak at $42K in 2023: Finder’s Bitcoin Price Predictions Report</p>— Jay Buck (@buckjluv) <a href="https://twitter.com/buckjluv/status/1682474913582690304?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 21, 2023</a> 
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<p>By compiling their various opinions, Finder concludes that bitcoin will increase in price by the end of the year. If this projection materializes, the price of bitcoin would be between $38,000 and $42,000.</p> 
<p>According to the experts interviewed, this price could reach an average valuation of around $100,000 by 2025. By the end of the decade, it could be worth over $280,000. This optimism is based on users’ distrust of the traditional financial system, and is reinforced by fears of galloping inflation.</p> 
<p>Based on these arguments, 59% of experts recommend that investors buy bitcoin (BTC). A call supported by several studies, according to which the flagship crypto would be an excellent hedge against inflation.</p>

Is bitcoin’s potential undervalued? Experts say it is!

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