Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
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Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.
What are the key risks?
1. You could lose all the money you invest
The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in cryptoassets.
The cryptoasset market is largely unregulated. There is a risk of losing money or any cryptoassets you purchase due to risks such as cyber-attacks, financial crime and firm failure.
2. You should not expect to be protected if something goes wrong
The Financial Services Compensation Scheme (FSCS) doesn't protect this type of investment because it's not a 'specified investment' under the UK regulatory regime – in other words, this type of investment isn't recognised as the sort of investment that the FSCS can protect. Learn more by using the FSCS investment protection checker.
The Financial Ombudsman Service (FOS) will not be able to consider complaints related to this firm or Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance. If you have a complaint against an FCA regulated firm, FOS may be able to consider it. Learn more about FOS protection here.
3. You may not be able to sell your investment when you want to
There is no guarantee that investments in cryptoassets can be easily sold at any given time. The ability to sell a cryptoasset depends on various factors, including the supply and demand in the market at that time.
Operational failings such as technology outages, cyber-attacks and comingling of funds could cause unwanted delay and you may be unable to sell your cryptoassets at the time you want.
4. Cryptoasset investments can be complex
Investments in cryptoassets can be complex, making it difficult to understand the risks associated with the investment.
You should do your own research before investing. If something sounds too good to be true, it probably is.
5. Don't put all your eggs in one basket
Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well.
A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
If you are interested in learning more about how to protect yourself, visit the FCA's website here.
For further information about cryptoassets, visit the FCA's website here.
In a recent survey, Finder polled crypto experts and analysts to find out what they think the future holds for the price of bitcoin (BTC), ether (ETH), binance coin (BNB) and solana (SOL).
How much will the value of BTC, ETH, SOL and BNB rise over the next seven years?
In April 2024, our panelists predicted that the prices of BTC, ETH, SOL and BNB would rise into 2024.
They also predicted that the prices of these assets would rise even higher by 2025 and higher yet by 2030.
Bitcoin (BTC) price predictions
The Finder panelists predict the price of BTC will close out 2024 at US$109,141.
They also sees the price of BTC hitting US$150,996 by 2025 and US$567,489 by 2030.
Bitcoin is a highly volatile asset that is prone to numerous externalities and is solely driven by supply and demand. There are multiple conflicting and unpredictable factors associated with bitcoin's behavior. Therefore, we may end up seeing substantial fluctuations in its price and value. Regulation, increasing cost of living and monetary reactions from centralized finance will be the main contributing factors to bitcoin price.
Bitcoin's demand is driven by lack of trust in fiat currencies and financial intermediaries …Therefore, its price will be determined by the market's perceptions of global monetary policy. But politics matter as well. If Trump wins, this may cause a temporary pullback in crypto as the market will see him as less dovish than the Biden administration (or any Democratic administration for that matter).
The upcoming halving and the approval of spot bitcoin ETFs has increased both retail and institutional investor interest in bitcoin. The halving event, along with the purchase of bitcoin by EFTs managers, will cause increased scarcity in the marketplace. In addition, institutional investors and investment advisors now have a regulated bitcoin product they can allocate into model portfolios. Also, as more businesses and governments across the globe recognize bitcoin as a payment option or investment, global demand will continue to place buying pressure on bitcoin.
Bitcoin is currently exhibiting two historically unprecedented phenomena that are likely contributing to significant price appreciation and volatility. Firstly, the achievement of an ATH before a halving event. Secondly, institutional investment in bitcoin now exceeds the rate of new supply generation. Additionally, the consistent growth of daily net inflows into the spot ETFs is a huge trend. This is significant because large institutions typically require extended periods to make a decision and deploy capital, suggesting the potential for further increases this summer and beyond.
The combination of increased institutional demand for bitcoin and the momentum around the halving is likely to propel BTC prices higher during the latter half of 2024 and possibly through the early half of 2025.
The halving event is expected to cause a significant surge in the BTC price if we compare the previous trends. BTC demand is constantly increasing, and hence its value will increase substantially since Institutional and retail investors are constantly growing.
This year's Crypto rally went ahead of schedule. Bitcoin fares better than we expected as inflows after the ETF launch have a big impact, despite months before halving usually bearish for the cryptocurrency. Nevertheless, it is safer to bet on the usual amplitude of bitcoin's rally we saw after halving, not a bigger one.
The current run-up in price seems mainly related to the spot ETFs. But when the ETFs based on bitcoin futures were launched in Oct 2021, the price also reached an all-time high, only to crash over the following year. Having ETFs still does not give bitcoin any fundamental value or legitimate use. It remains a speculative bubble. In over a decade, it has failed to become the accepted means of payment it was designed to be. To do this, it would need a much more stable value. But the paradox is that if the price was steady, the gamblers — who are most of its holders — would lose interest and sell, driving down the price.
Bitcoin ETFs will continue to bring billions of dollars in new inflows to bitcoin in 2024. The halving will further limit the amount of BTC on the market, acting as a major price catalyst. In the long-term, bitcoin will outcompete gold as a more accessible, divisible, and transferrable asset, leading to my $1.1M BTC price prediction by 2030.
The primary catalyst of the current crypto bull market has been the vast inflow of institutional capital following the SEC's approval of the first bitcoin spot ETFs. Demand is already outstripping supply, reportedly by a factor of 10. This is coupled with the anticipated supply shock of the upcoming halving event, where the supply of new bitcoins entering the market is cut in half. Retail investors are also returning to crypto, with many exchanges reporting an increase in new registrations.
Analysis of historical price trends, market sentiment, adoption rates, and macroeconomic factors such as inflation and geopolitical events informed the bitcoin price predictions. BTC's current price is seen as underpriced due to its growing adoption as a hedge against inflation and increasing institutional interest. These factors suggest a bullish trajectory for bitcoin's value, supported by its limited supply and growing demand from both retail and institutional investors.
Halving will likely scare a LOT of first-time amateurs who may be scammed or got on the bandwagon before the halving. The economy is NOT picking up, especially with supercore inflation rates, even with a US interest rate cut, it will NOT be a lot — hence, investors will still see gold and BTC to be a safe haven asset. However, there will be many scammers/exchanges running off with all-time highs before the halving, causing further distrust of the token, and probably a strong hit by SEC/Govt around the world to impose new laws. With the US election coming in Nov 2024, with Trump most likely a winner (considering the number of supporters), there should be a reinjection of hope to the general and traditional economy, pulling money away from BTC+gold and back into trade/stocks. Of course, any new wars/conflicts may turn the tables back.
This is the only planet with bitcoin. Elon Musk could fly to Mars and find a million tonnes of copper or mine an asteroid to get a trillion Troy ounces of gold, and the commodity prices would plummet. Nothing else in the galaxy is more scarce than bitcoin. Bitcoin's top price is infinite because fiat cash printing is unlimited.
I am into the Crypto space for many years. Figuring out where bitcoin's price is headed is a mix of deep dives into market trends and a bit of gut feeling. I track how the price has been moving lately, how much bitcoin is being traded, and what people are thinking about it all. This helps me get a sense of the market's mood. On top of that, I look at bigger things like how many people are using bitcoin, how Jan ETF's approval changing the landscape and how each of the ETFs is getting more adaptation (price point), any new tech developments such as automatic trading and other new players in that space. Even the overall economy and what's happening in the world can play a role. Those times when bitcoin production gets cut in half (halving), which has driven prices up before, are also on my radar. But even with all this information, there's a bit of an art to it all, understanding what people are thinking that might make the price go crazy. While I try my best to make educated guesses based on what I see, the crypto market can be wild, and something unexpected or a sudden change in mood could send bitcoin prices in a whole new direction. On top of all of this, I run my Crypto business exactly to solve this.
The first cryptocurrency is still a unique asset in the world due to its decentralization, and limited issuing. However, the problem of quite poor market depth will be the main reason for elevated volatility in the following years
Bitcoin ETF net inflows will likely continue throughout the rest of the year. The Fed, ECB, and other Central Banks are done with monetary tightening. 2024 is an election year, which is usually a time for stimulus and overspending. All this is bullish for scarce assets like real estate, gold and bitcoin.
Regulatory: The cases between the United States and many large institutions and exchanges have been settled, and the BTC Spot ETF has been approved. Hong Kong, Japan, Thailand and other regions are accelerating their embrace of blockchain. In terms of technological innovation: Bitcoin asset issuance protocols BRC20, ARC20, SRC20, etc. are all eye-catching. These protocols have enhanced the use cases and consumption of BTC. The popularity of BTC Layer2, such as Merlin, has also made BTC applications more vibrant. On the impact of macroeconomics and major events: Pantera Capital recently published an article called 'The Absence of Bad Things.' Indeed, all kinds of rare and crazy bad things will happen in 2022 and 2023, and the fluctuations in the global macro market are generally unprecedented. In 2024, the interest rate hike is over and the BTC Spot ETF has passed. On March 12, the single-day net inflow of the BTC Spot ETF reached an astonishing US$1 billion. The BTC halving gave the miners with huge funds more motivation to push up. BTC price… These facts make us optimistic about the future.
The halvening, so a large supply shock incoming ETF caused a paradigm shift. Now, it seems irresponsible not to allocate 1-3% of a portfolio to crypto via the ETF. Will continue to see fund managers do this, even for risk-averse clients.
There is huge ETF demand. There is a halving that will reduce supply. And a supply and a demand shock coming. And many people are not interested in selling.
While the sample size is small, if we look at returns over prior halving cycles, the magnitude of return has fallen by about 70% each cycle. If we assume a similar outcome this cycle, a 150% return is realistic, from the price on the date of the halving to its cycle peak.
The recent bitcoin price movement shows the impact of the newly launched ETFs. Now that a new ATH has been
achieved, I suspect more buyers will flood the market and push $BTC even higher.
Finder surveyed a range of fintech specialists in April 2024 and asked them to give their future valuations for a range of coins. All price predictions are listed in USD per token.
*Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.
Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.
Richard Laycock is Finder’s NYC-based senior content marketing manager & insights editor, spending the last decade data diving, writing and editing articles about all things personal finance. His musings can be found across the web including on NASDAQ, MoneyMag, Yahoo Finance and Travel Weekly. Richard studied Media at Macquarie University, including a semester abroad at The Missouri School of Journalism (MIZZOU). See full bio
Susannah Binsted is the international PR manager at Finder. Susannah has a Bachelor of Communication and a Bachelor of International Studies from the University of Technology Sydney. See full bio
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2 Responses
SmritiSeptember 2, 2018
Hi hi there
I am new about cryptocurrancy I have borough XRP about $600 five month ago so how do you think this company? Would you please give me some Best ICO,but I know the risk. Is Elephant360 is legitimate ICO?
I would be great full when you reply me this questions.
Best Regards
Smriti
Thanks for getting in touch with finder. I hope all is well with you. :)
I understand that you are new to cryptocurrency. In this case, it would be a good idea to read as much information as possible regarding this type of investment. Our cryptocurrency main page is a great place to start your research.
If you want to know more about Ripple or XRP, please go to this page.
We currently don’t have a review page about Elephant 360. As this might be the case, it would be helpful to read the following articles about crypto scams:
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Hi hi there
I am new about cryptocurrancy I have borough XRP about $600 five month ago so how do you think this company? Would you please give me some Best ICO,but I know the risk. Is Elephant360 is legitimate ICO?
I would be great full when you reply me this questions.
Best Regards
Smriti
Hi Smriti,
Thanks for getting in touch with finder. I hope all is well with you. :)
I understand that you are new to cryptocurrency. In this case, it would be a good idea to read as much information as possible regarding this type of investment. Our cryptocurrency main page is a great place to start your research.
If you want to know more about Ripple or XRP, please go to this page.
We currently don’t have a review page about Elephant 360. As this might be the case, it would be helpful to read the following articles about crypto scams:
How to spot and avoid a bitcoin scam
Different red flags appear as cryptocurrency scammers get savvier
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua