Bitcoin is predicted to grow to $ 250,000

Over the past few weeks, cryptocurrency experts have been disagreeing about the future of bitcoin. For example, the head of the ShapeShift cryptocurrency exchange, Eric Voorhees, said that the BTC has a good chance of reaching $ 40,000 by the summer.

Voorhees noted that the macro environment, Fed interest rates, and tighter regulatory policies on cryptocurrencies will be important factors that will influence how the industry will develop this year.

Meanwhile, billionaire bitcoin investor Tim Draper predicts that the flagship cryptocurrency will grow to $ 250,000. According to the analyst, bitcoin has every chance of costing a quarter of a million by April 2024. However, the crypto community called Draper «too optimistic.»

See t-shirt. $ 250k by 2022. My prediction was off by a bit. Hasn’t made it there… yet. Certainly before the halving. #truebelievers #bitcoin #worldoftrust #freedom #hodl pic.twitter.com/jMLi8rraj8

— Tim Draper (@TimDraper) December 31, 2022

Mike McGlone, senior strategist at Bloomberg Intelligence, has long argued that the HTS will rise to $ 100,000 by 2025. According to the expert, despite the decline in the supply of digital gold on the market, the demand for it will not decline.

Michael van de Poppe also remains optimistic. The expert expects that in 2023, bitcoin will be able to reach $ 38,500: «If we can break through the $ 20,600 level, we will break the trend. Then, most likely, BTC will meet the price of $ 29,200 and will probably continue to move towards the block around $ 38,500.»

The trader’s current forecasts are much more positive than two months ago — in mid-November, De Poppe assumed that the BTC would fall to $ 10,000. At the time, he emphasized that people used to want digital gold to fall to $ 20,000 in order to buy as much cryptocurrency as possible. Now, traders dream of selling their virtual assets to buy bitcoin for $ 10,000.

Instead, a well-known critic of BTC, Peter Schiff, predicted in December that bitcoin would soon coll apse to $ 5,000. According to the expert, BTC risks falling by up to 70% from its current rate. According to the analyst, after falling from $ 69,000 to about $ 15,000, bitcoin has not reached its bottom, and further decline will be a natural phenomenon.

Perhaps the most sober view of the situation is that of Binance CEO Чанпен Чжао" href="https://noworries.media/biography/chanpen-chzhao/" data-bio-id="3681">Changpeng Zhao. At the end of 2022, CZ emphasized that we should not expect bitcoin to growfaster than at the end of 2023, as the crypto industry will have to face many more challenges caused by the FTX bankruptcy and its consequences.

At the time of writing, bitcoin BTC $60,982.37 Bitcoin -2.55% Market capitalization $1.2 trillion VOL. 24 hours $1.36 billion is trading at $ 16,721.