Research shows that bitcoin will be worth more than $ 100,000 next year

According to Yves Lamoureux, president of Lamoureux & Co, a macroeconomic research company, the bitcoin rate will reach $ 100,000 by the end of 2023. In a conversation with MarketWatch, Yves Lamoureux said that the temporary decline in the bitcoin rate is already coming to an end.

Lamoureux suggested that bitcoin will soon begin to grow rapidly, reaching $ 100,000 by the end of 2023, and the price will continue to increase until 2025. He does not call for investing large sums in bitcoin, but simply recommends starting to buy it in small portions. Currently, BTC is hovering around $ 30,000, which is 55% lower than the record high of $ 68,990 (this price was in November 2021).

«I'm interested in bitcoin because it is the 'king of cryptocurrencies' and this is where institutional investors' money will flow first. All cryptoassets are striving for the level of bitcoin, but they do not reach it. So always choose the best. Keep it simple and stay true to bitcoin,» Lamoureux recommends.