Huge cryptocurrency predictions reveal that Bitcoin can almost double by 2023
Bitcoin
Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and succeed in navigating the volatile bitcoin and crypto market
The Bitcoin price has climbed back above the psychological $ 20,000 per bitcoin level this week, despite the fact that cryptocurrency billionaire Sam Bankman-Fried has given a serious warning.
Now, survey data has revealed that the average cryptocurrency user expects the bitcoin price to jump to around $ 38,000 over the next six months.
Do you want to be at the forefront of the market and understand the latest cryptocurrency news? Register for free now CryptoCodex–A daily newsletter for traders, investors and crypto-curious
The Bitcoin price can be set for an outbreak according to a new bitcoin price prediction.
Crypto owners expect bitcoin to bounce back to around $ 38,000 by the end of 2022, according to a survey of about 4,400 US adults conducted by intelligence firm Morning Consult who found that the average crypto owner remains very optimistic about a bitcoin rebound despite for the recent weakness in price crash.
The survey showed that bitcoin and crypto holders are much more optimistic than the general public, where those who own bitcoin consistently predict that the price will be higher than it is.
Many bitcoin and crypto investors have continued to make bullish bitcoin price predictions, even though a brutal cryptocurrency erased values of around $ 2 trillion from the combined crypto market.
Earlier this week, former stockbroker Jordan Belfort, whose financial crimes through the 1990s inspired the film The Wolf from Wall Streetpredicted bitcoin price “almost certainly” will rise over the next three to five years.
“Cryptocurrency owners’ optimism may well be misplaced when we go into what Coinbase’s CEO recently described as a ‘cryptocurrency winter,'” Morning Consult analysts wrote. again.”
Last month, Brian Armstrong, CEO of the major bitcoin and crypto exchange Coinbase, warned that a looming global recession could exacerbate a prolonged decline in crypto prices.
“We look set to enter a recession after a 10-plus-year economic boom. A recession could lead to another cryptocurrency winter, and could last for a longer period,” Armstrong wrote in a June email to Coinbase. employees. “Even though it is difficult to predict the economy or the markets, we always plan the worst so that we can run the business through all environments.”
Sign up now for CryptoCodex—A free daily newsletter for crypto-curious people
The Bitcoin price has fallen away from the owners’ expectations in the last six months.
The researchers also warned that if those who have held bitcoin for at least three years sell it, it could “encourage” others to withdraw money, and push the price further down.
“Those who have been investing for at least three years will still be in the black if they choose to sell at the current low price, and increasing volatility may motivate others to consider withdrawing money in the future,” analysts added.
