Bitcoin Price Predictions: What’s Next For BTC As BITI ETF Takes Off?

Bitcoin (BTC-USD) is still among the most watched cryptos on the market. It is the oldest and largest token, after all. As a result, Bitcoin price predictions are always intriguing to watch, in any market.

However, given the incredibly bearish market sentiment in the crypto world lately, these price predictions have dropped. Descent. And while many pundits are still clamoring for a six-figure bitcoin (we’ll get to the predictions in a minute), many investors reasonably don’t see a significant rally any time soon.

The Federal Reserve appears determined to continue raising rates aggressively. This new macro environment means less easy cash flooding the system. It’s easy to see how easy money policies could have led to rapidly rising asset prices in recent years.

That being said, there is another bearish factor playing into many investors’ short-term price targets for Bitcoin. A recently announced exchange-traded fund (ETF) that tracks the inverse price of Bitcoin was launched yesterday. Today the ProShares Short Bitcoin Strategy ETF (NYSEARC:COCK) jumped higher, as Bitcoin struggled. Many believe that more options for investors to take advantage of declines in cryptocurrencies like Bitcoin could accelerate those declines.

Time will tell how it all unfolds. But for now, let’s look at where the experts see this token heading from here.

Bitcoin Price Predictions

For context, BTC-USD is currently trading at $20,047 per token, at the time of writing.

• walletinvestor provides a 1-year and 5-year price target of $37,331 and $105,057, respectively, for Bitcoin.
• In the same way, Capital govt. BTC projects could be worth $49,910 in one year and $234,245 in five years.
• To finish, Cryptonewz suggests that Bitcoin could be worth around $25,000 this year and between $42,000 and $55,000 in 2026.

As of the date of publication, Chris MacDonald had (neither directly nor indirectly) any position in the securities mentioned in this article. The opinions expressed in this article are those of the author, subject to InvestorPlace.com publishing guidelines.