• Please note to have a link in an article you must first request permission from the administrator and pay a fee. You can read more information here.

What will be the price of bitcoin by the end of 2023?

  • Thread starter Thread starter Good-Person
  • Start date Start date
At the rate that the price of bitcoin is moving along with the other cryptocurrencies, I would say that it could end up around $20,000, since I believe that the price will continue to decline slowly until a little after the halving occurs as has happened in other cycles, but well, right now the price seems quite linear
 
DigitalNomad said:
According to recent news, an investment firm called Micro Strategy invested heavily in BItcoin. When big companies invest, there must be something that makes them do it. I believe favorable conditions for the crypto market will soon come. While market might not bood bt t will be certainly better thgan what it is today.
Click to expand...

This is actually what we have been expecting to be happening with most big corporations because they are the ones that are seriously holding back the development of cryptocurrency and its acceptance. This is because when all these big companies turn towards supporting and investing in cryptocurrency, government will even have their own hands forced to do the same thing as well.
 
Crypto market will grow only when institutional investors start pouring money into crypto assets. Just like in the traditional market, big investors need to buy various crypto assets and either hold for a long term or trade for immediate profits, just like what they have been doing in the stock market
 
DigitalNomad said:
Crypto market will grow only when institutional investors start pouring money into crypto assets. Just like in the traditional market, big investors need to buy various crypto assets and either hold for a long term or trade for immediate profits, just like what they have been doing in the stock market
Click to expand...

It is going to take a lot of time before this can begin to happen. There is a lot of challenges that the crypto currency market is facing rising from certifications needed to operate in some countries and also how the stakeholders in traditional banking sector are fighting them too.
 
Henrywrites said:
It is going to take a lot of time before this can begin to happen. There is a lot of challenges that the crypto currency market is facing rising from certifications needed to operate in some countries and also how the stakeholders in traditional banking sector are fighting them too.
Click to expand...
If you watch crypto market closely, you will developed countries are more liberal towards crypto compared to least developed or developing countries. There are right rules in the countries where democracy is not functioning properly.
 
Heatman said:
This is actually what we have been expecting to be happening with most big corporations because they are the ones that are seriously holding back the development of cryptocurrency and its acceptance. This is because when all these big companies turn towards supporting and investing in cryptocurrency, government will even have their own hands forced to do the same thing as well.
Click to expand...

Yeah, that's very correct. With most of these big corporations investing heavily in cryptocurrency, it's going to bring a lot of power to cryptocurrency. It's like how Elon Musk with Telsa invested about $1.5 billion worth of bitcoin in early 2021 and stated Telsa will accept BTC payment for Telsa products. This booms cryptocurrency prices.
 
I cannot predict future events, including Bitcoin's price at year-end. Cryptocurrency values are influenced by various factors, and markets are inherently unpredictable. It's advisable to research and consider expert opinions before making financial decisions.
 
I think the Christmas Rally has come early this year and I don't think we can see Bitcoin at $50,000 to my regret, today it has reached $40,000 when a week ago it was at $45,000, in fact, I see this downward movement quite healthy after all the excesses of the last few months, I see Bitcoin around $42,000 for the last day of the year.
 
You must log in or register to reply here.
Back
Top