“BTC will be between $50k and $100k in 2-3 years”

Schuldencrisis: Crypto-platform Genesis heeft meer tijd nodig, aldus CEO

2023 has only just begun and bitcoin (BTC) is giving hope to many that it has a significant increase in store for the coming year. For example, you could read in the Bitcoin news yesterday that the bitcoin price had reached $21,450 on Sunday night. This is no less than 30% higher than during the turn of the year.

At a crypto conference in Switzerland, CNBC spoke to several industry insiders about their outlook for the coming year regarding the bitcoin price.

2023 is a recovery year for BTC

Despite the wonderful start to this year, the outcome of just about every interview was that 2023 will not yet be a year full of fireworks.

Bill Tai, venture capitalist and crypto veteran, gave in his interview indicates that he is still a new one low expected for BTC. Currently, a price around $15,500 is the low of the current bear market, but Tai does not believe that this was the bottom. In his opinion, $12,000 is the absolute low point to which the price could fall.

Meltem Demirors, chief strategic officer at CoinShares, expected that BTC will mainly trade between a range of $15,000-$20,000 on the downside and $25,000-$30,000 on the upside.

New bitcoin bull run

Scaramucci calls 2023 a “recovery year” and expects a price between $50,000 and $100,000 within two to three years:

“You take risks, but you also believe in Bitcoin adoption. So if we get the adoption right, and I think we will, this could easily be a $50,000 to $100,000 asset over the next two to three years.”

Earlier you could read that the well-known Dutch analyst PlanB expects a price of at least $ 100,000 in the year 2025. He also expects a price of $ 32,000 or more when the Bitcoin halving takes place, around March 2024. Or the expectations of the big boys from the industry will actually play out, remains to be seen.


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