Due to global changes in the world, bitcoin could grow by 500% in 2023

Crypto trader and investor Ton Weiss has warned of a possible rise in the bitcoin rate to $ 100,000 in 2023. In his opinion, the upcoming halving of the first cryptocurrency may lead to positive dynamics of the quotes.

Weiss also admitted the possibility that bitcoin’s value could drop to $ 14,000 before the bull market. According to him, the reason for the growth could be capital flows from Europe to the United States and the fear of missing out (FOMO). One of the reasons for the possible growth, Weiss also mentioned the financial control of governments, which can confiscate or freeze fiat funds simply because of the decision of one person.

The trader suggests that if bitcoin falls below $ 10,000, investors will immediately take advantage of it.

It is worth noting that Weiss is consistent in his forecasts — in early July, Weiss said that he was expecting a new low for bitcoin. In his opinion, the asset could reach a new anti-record of $ 14,000.