Experts Predictions For Bitcoin This Year

in crypto •  2 years ago 

Bitcoin price predictions range from $250,000 all the way down to $5,000. Inflation is a key factor in Bitcoin's price in 2023. Some believe that this year could precede a big rise in Bitcoin prices next year with Bitcoin halving. Mark Mobius, the billionaire founder of Mobius Capital Partners, called in early December that Bitcoin will fall further to bottom out at $10,000 in 2023. VanEck Investments, whose head of digital assets research Matthew Sigel says Q1 will see Bitcoin hit $10-$12,000. Professor of Finance at Sussex University, Carol Alexander has called a $30,000 Bitcoin price increase in the first half of 2023, eventually hitting $50,000 by the end of the year. Eric Wall, CIO of crypto hedge fund Arcane Assets, has said Bitcoin’s $15,400 price “was the bottom” and predicts the price will “pump above $30k”. Consumer bank Standard Chartered has predicted Bitcoin prices will fall to as low as $5,000. The European Central Bank called in November that Bitcoin’s latest fluctuation and the volatility of 2022 was the final nail in the coffin for the cryptocurrency.
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