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The post <a href="https://coinpedia.org/price-analysis/bitcoin-btc-price-to-hit-ath-in-next-12-months/">Bitcoin (BTC) Price To Hit ATH in Next 12 Months</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The cryptocurrency market is set for a potential all-time high of <a href="https://markets.coinpedia.org/bitcoin/" target="_blank" rel="noreferrer noopener">Bitcoin</a> within 12 months. While industry specialists foresee Bitcoin reaching new peaks, institutional traders remain cautious, as revealed by a recent JPMorgan survey. 
<h2 class="wp-block-heading" id="h-expert-insights-and-predictions-on-bitcoin-s-trajectory">Expert Insights and Predictions on Bitcoin’s Trajectory</h2> 
According to a recent survey by Finder, a panel of 40 crypto industry specialists foresees Bitcoin’s price soaring to unprecedented levels in the coming months. The survey indicates that <a href="https://www.finder.com/bitcoin-btc-price-prediction" target="_blank" rel="noreferrer noopener">78% of these experts believe Bitcoin will achieve an all-time high within the next 12 months</a>. The projected trajectory suggests a surge from the current valuation, with an anticipated peak of US$87,875 by year-end 2024. 
Several factors contribute to the optimistic outlook for Bitcoin.&nbsp; 
Kadan Stadelmann, CTO of Komodo, highlights the influence of major companies and institutional investors, coupled with the forthcoming <a href="https://coinpedia.org/beginners-guide/what-is-bitcoin-halving/" target="_blank" rel="noreferrer noopener">Bitcoin halving</a> event, which is expected to enhance scarcity and drive demand.&nbsp; 
Daniel Polotsky, founder and chairman of CoinFlip, underscores the potential impact of rate cuts by the US Federal Reserve, alongside the approval of <a href="https://markets.coinpedia.org/bitcoin-etf/" target="_blank" rel="noreferrer noopener">spot Bitcoin ETFs</a>, in bolstering Bitcoin’s price. 
Jason Lau, Chief Innovation Officer at OKX, emphasizes the long-term growth trajectory of Bitcoin, driven by increasing adoption and accessibility, particularly with the approval of Bitcoin ETFs.&nbsp; 
However, not all experts share the same bullish sentiment. John Hawkins, Senior Lecturer at the University of Canberra, remains skeptical, viewing Bitcoin as a speculative bubble. 
Jeremy Cheah, Associate Professor of Decentralised Finance at Nottingham Trent University, advocated a cautious approach, foreseeing a modest correction in Bitcoin’s price amidst economic slowdown and reduced ETF hype. 
Also Read: <a href="https://coinpedia.org/price-analysis/bitcoin-pre-halving-rally-begins-now-some-believe-btc-price-may-reach-50000-this-month/">Bitcoin Pre-Halving Rally Begins Now: Some Believe BTC Price May Reach $50,000 This Month</a> 
<h2 class="wp-block-heading" id="h-contrary-institutional-traders-perspective">Contrary Institutional Traders’ Perspective</h2> 
Contrary to the optimism expressed by industry specialists, a recent survey conducted by JPMorgan paints a different picture. The survey reveals that <a href="https://www.jpmorgan.com/markets/etrading-trends?source=cib_pr_pr_etrade1040124%20?sid=cib_em_cibnl_feb062024_intro&amp;mkt_tok=NzI2LUtaWS00MDIAAAGRKG542l1i8XZw9xBbCqmKjJaVI2uQHP0yfEv6t_W4MD7-INKlrEFGKmnq42BZe3-EadpLsIbd99UtTDiVSg1roG28L0u0zAjiz-OT9mhVQLI#introduction">over half (54%) of institutional traders do not plan to trade cryptocurrencies in the next five years</a>.&nbsp; 
Does this extend to Bitcoin exposure in traditional institutional players following Bitcoin ETFs’ approval and massive rise? Well, only time can tell.&nbsp; 
Furthermore, blockchain technology is perceived as less influential than in previous years, with AI and machine learning taking precedence in shaping the future of trading. 
While industry experts predict a significant all-time high for Bitcoin, institutional traders are cautious about their crypt exposure.

Bitcoin (BTC) Price To Hit ATH in Next 12 Months

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