Bitcoin Price Predictions for 2023 See Experts Divided

some experts believe BitcoinThe price of bitcoin will drop to $10,000 or less in 2023, while others suggest that bitcoin’s sentiment-driven price action makes predictions meaningless.

Many analysts previously predicted the price of bitcoin with mixed success, giving their opinion in 2023 in view of the spectacular impact of 2022 on the asset’s performance and decreasing trading volumes.

Tim Draper predicts a bullish run for bitcoin price

bitcoin bull Tim Draper Said that women’s crypto spending habits will increase in alignment with their retail habits purse Adoption and taking bitcoin to $250,000 in 2023. Draper predicted in 2019 that bitcoin would reach $250,000 by the end of 2022.

Draper started out as a venture capitalist, investing in Tesla, Twitch, and more recently crypto companiesincluding Coinbase and Tezos,

He shot to crypto prominence in 2014 after paying $19 million for 30,000 bitcoins seized from Silk Road.

Models by Jurien Timmer, Global Macro Head at Fidelity Investments Prediction Bitcoin price $30,000 in 2023.

Professor carol alexander The University of Sussex envisages that bitcoin will reach $30,000 in the first quarter of 2023 and $50,000 in the second quarter of 2023. Before focusing his research efforts on crypto, Alexander studied game theory, mathematics, and number theory. He openly critical Thoughts on Tradefi’s Celsius and the collapse of crypto hedge fund Three Arrows Capital.

Edward Moya of Oanda, a forex broker that offers crypto trading through a contract with a client that receives revenue through price changes of an asset, believes that the price of bitcoin Already reflects a decline through most of 2022 and will only decrease if another major crypto company collapses, or if Wall Street begins a mass exodus from risky assets.

Vijay Iyer, Vice President, Corporate Development, Luno Prediction An all-time low for bitcoin if the market absorbs the selling pressure created by bitcoin miner capitulations. public crypto miners face pressure The price of bitcoin from creditors and rising energy costs threaten miners’ ability to service debt. To compensate for dwindling revenues, many miners have resorted to selling their mined bitcoins and equipment.

Doom and gloom in Tradefy’s predictions

Eric Robertson of Standard Chartered predicted in a December 5, 2022 company report that bitcoin would fall to $5,000 after sustaining irreversible reputational damage from the bankruptcies of several crypto firms.

Investor Mark Mobius said that a tighter policy by the Federal Reserve will lead to a bitcoin price of $10,000 in 2023.

Mobius is a crypto skeptic who warned that the selloff following the collapse of FTX could send the S&P 500 lower.

Bitcoin Price Predictions Pointless, Some Argue

Nexo CEO Antoni Trenchev has abandoned price predictions after bitcoin’s positive trajectory last year was hampered by outside forces. Trenchev predicted that bitcoin would reach $100,000 in 2023.

AJ Bell analyst Laith Khalaf agrees that price predictions are pointless because sentiment drives the cryptocurrency’s behavior.

Dan Held of Trust Machine, a recent bitcoin application promoter Asked Crypto Twitter for their predictions.

While predictions varied wildly, a figure of around $30,000–$35,000 proved popular.

Davinci Jeremy, a crypto teacher, Prediction that the price of one bitcoin will reach $35,000 in 2023, while Riley, the chief marketing officer of bitcoin savings and investment app, … Offered A comical prediction that 1 bitcoin will be worth 1 bitcoin.

Crypto analyst Wendy O wrongly predicted that bitcoin could fall to $10,000 by the end of 2022. Deutsche Bank’s slightly higher bullish prediction of $28,000 also fell flat.

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