Bitcoin, which has been going back and forth for a long time, has regained momentum after 381 days. An optimistic forecast has been published again for Bitcoin, which is accepted by many authorities and has crossed an important threshold of $20,000.
Anthony Scaramucci, founder of SkyBridge Capital, stated that the value of Bitcoin could rise to $50,000 to $100,000 within two years. Of course, this prediction is not the first one, and the hope that Bitcoin, which draws similar graphs to its previous movements, will make another rally has been revived.
This May Be A Temporary Decline For Bitcoin
Of course, this journey will not be continuous upward. According to Anthony, it is likely that the price will fall below $12,000 again on the way towards $50,000.
Bitcoin (BTC), with an estimated market capitalization of $100,000 last year, surprised investors by falling below $15,000. Bitcoin, which has traded below its 200-day moving average for 381 consecutive days, experienced a very strong breakout last week. The fact that it has already surpassed $20,000 bodes well for its future.
Predictions For The Rise Come One After The Other
Anthony Scaramucci, founder of SkyBridge Capital, said that 2023 will be a “bounce year” for bitcoin and that the bitcoin price could move between $50,000 and $100,000 in the next two to three years. “We talk about dangers, but we believe in bitcoin,” Scaramuchi said at a CNBC-sponsored conference in St. Moritz.
Price Declines Wil Occur Naturally
Bill Tai, one of the investors who attended the same conference, said he still expects bitcoin’s value to fall slightly. Tai stressed that the bitcoin price has probably bottomed out and could fall as low as $12,000 before recovering.
At the same time, it was emphasized that with the current economic mobility of participants, it is not possible to get back into bitcoin. It was noted that such an expectation is not realistic in the medium to long term. Despite all this, there is still a hopeful expectation for Bitcoin.
However, it should be noted that the situation is somewhat more active than 3 – 4 years ago. Accordingly, the presence of several institutional players in the Bitcoin world today can completely change many things.
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