Bitcoin can grow up to $30 thousand in the first half of 2023
Kyiv, Ukraine, March 2, 2023 /PRNewswire/ — Bitcoin has a chance to reach 30 thousand dollars in the first half of 2023, and then start moving up to 40 thousand dollars. The main reasons for the growth are lack of investment funds, investment activity in the Asian region, military and political instability in the world caused by the war in Ukraine.
Crypto investor and founder of White Rock Management Serhiy Tron wrote about it in his column on the Ukrainian Information Agency Ukrainian News.
“Bitcoin has every opportunity to reach the level of 30 thousand dollars in the first half of 2023, and then continue to rise to $35-40 thousand. The progress of cryptocurrencies is unstoppable, and there are at least three factors that will stimulate interest in Bitcoin. Firstly, in recent years there has been a deficit in investment assets in the world. We do not see a move of new promising projects that can interest investors, and that is why they pay attention to the cryptocurrency market more often than usual”, says the founder of White Rock Management.
The crypto investor mentions that the Asian region is experiencing an increase in investment activity.
“Secondly, there is an increase in investment activity in the crypto market in the Asian region, where I see a large prospect and investment volumes. Local regulators are stimulating it. For example, in the fall of 2022, the authorities in Hong Kongwhich claims status as an Asian crypto hub, promised from 1 June 2023 to legalize retail trading of crypto and other digital assets, as well as exchange-traded investment funds that work with these assets,” explains the author of the blog.
According to the investor, another factor affecting the possible growth of the bitcoin rate is the military actions in Ukraine.
“Third, the war in Ukraine has predictably increased the general military and political instability of the planet. At the same time, it stimulated the flow of part of the capital to the crypto market to increase the secrecy surrounding investments and settlements. Therefore, the demand for Bitcoin is constantly growing and supporting the quotes. The Bitcoin price has been steadily rising ever since December 2022. In the first two weeks of 2023, things are quickly threatening 24 thousand dollarsat times now 25 thousand dollars with a further positive upward trend,” summarizes Serhiy Tron.
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