Bitcoin to become dominant in global finance by 2050, most panelists in new study say

CoinDesk Analysis Team CoinDesk

The "Bitcoin price prediction report," canvassed 42 panelists from finance, technology, and academia.

Bitcoin is seen becoming the dominant force in global finance by 2050, according to 54% of panelists in a survey by personal-finance site Finder. A full 44% say it will never happen.

The “Bitcoin price prediction report,” published yesterday, canvassed 42 panelists from finance, technology, and academia. Some respondents (15%) see that point, labeled “hyper bitcoin is ation” in the study, occurring as early as 2035.

Adoption by the developing world is seen as the key driver, with 33% of respondents saying bitcoin will become the currency of choice in developing nations within 10 years. A further 21% say that level of adoption is more than 10 years away.

“The momentum will only pick up,” said Amber CEO Aleks Svetski, citing El Salvador‘s decision to adopt bitcoin as legal tender and its wide use in Venezuela as a means of beating hyperinflation. “The beauty is also that these broken nations will transform faster than major nations as bitcoin undermines the nation-state model.”

The panel predicted bitcoin’s price will have climbed to $318,417 by December 2025. That’s 61% higher than in a similar survey conducted in December 2020.

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CoinDesk Analysis Team

CoinDesk

CoinDesk is the media platform for the next generation of investors exploring how cryptocurrencies and digital assets are contributing to the evolution of the global financial system.

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