The value of bitcoin (BTC) is expected to reach $162,353 this year (€139,148), before stabilizing around $145,167 (€124,418).

This is according to the latest survey by Finder, a British fintech company, after gathering price forecasts from 24 specialists in the cryptocurrency industry.

The highest and lowest estimates vary significantly from one response to another, with the most optimistic forecasts predicting a maximum value of $250,000 this year. The average prediction for the lowest value is $87,618, with some predicting that bitcoin will drop to $70,000.

The cryptocurrency recently reached $120,000, while it was just below $100,000 at the end of last year.

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"There are a number of factors driving demand for bitcoin, including clearer and more favorable regulations, increased utility, such as payments, and changing economic conditions," said Przemysław Kral, CEO of the cryptocurrency exchange zondacrypto, to Euronews.

He added that regulations such as the EU's MiCA have significantly contributed to the recent increase. The Markets in Crypto-Assets Regulation (MiCA) establishes uniform European market rules. This regulation, combined with increased interest from institutional players, primarily in the form of exchange-traded funds (ETFs), has made cryptocurrencies more accessible to many.

ETFs allow investors to gain exposure to cryptocurrencies more easily without having to buy them directly. The popularity of these funds has exploded since Bitcoin ETFs began trading on U.S. markets last year.

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