Bitcoin at $250k or a long winter? Top 5 crypto predictions from experts
While some are waiting for multiple growth of digital currencies quotations, others are predicting their "extinction". Analysis of the most striking forecasts
$250k for bitcoin in 2023
Venture capitalist Tim Draper expects the price of bitcoin to reach $250,000 in 2023. The billionaire stressed that the collapse of FTX has no impact on the prospects of the cryptocurrency, because it is decentralized, unlike the cryptocurrency exchange.
The "extinction" of cryptocurrencies
Peter Schiff, chief market strategist at Euro Pacific Asset Management, called the term "cryptowinter" a misnomer because it suggests a further coming of spring. According to Schiff, cryptocurrencies are now "dying out."
Bitcoin at $100k in 2024
Mark Yusko, managing partner at hedge fund Morgan Creek Digital, suggested that bitcoin will begin to recover in price in the first quarter of 2023, after which it will move into a parabolic growth phase and possibly reach $100k in 2024.
A long "cryptowinter"
Elon Musk predicted that "cryptowinter" could be long, but bitcoin will cope with it. The billionaire responded to questions about the prospects of the first cryptocurrency.
Ethereum at $5k in 2023
Konstantin Boiko-Romanovsky, the CEO and founder of Allnodes, expects Ethereum to reach $5,000 in 2023. The businessman cites The Merge network upgrade in September as the main positive factor for the cryptocurrency.