It’s just been revealed that 2023 could be the recovery year for the crypto markets. An important analysis takes a look at the crypto space and notes a catalyst that could send Bitcoin to the moon. Check out the latest reports below.
Bitcoin price boost and crypto markets in general
Skybridge Capital chief executive Anthony Scaramucci just said recently that Bitcoin (BTC) could go on a massive surge in the next few years.
In a new interview with CNBC at a crypto conference in St. Moritz, Switzerland, Scaramucci says that Bitcoin could soar by more than 370% within three years.
Scaramucci calls 2023 a “recovery year” for Bitcoin. This would be following the market collapse and scandals like the FTX implosion.
He also predicted greater adoption of the king crypto asset would send Bitcoin soaring to as much as $100,000.
At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $21,243.
Scaramucci said the following:
“You are taking on risk but you’re also believing in [Bitcoin] adoption. So if we get the adoption right, and I believe we will, this could easily be a $50,000 to $100,000 asset over the next two to three years.”
CoinShares chief strategy officer Meltem Demirors said not too long ago that “BTC will likely trade for a while between a low range of $15,000 and $20,000 and an upper range of $25,000 to $30,000,” according to CNBC.
Demirors says that the kind of selling triggered by collapsing markets and scandals in 2022 is over.
Demirors stated the following:
“I don’t think there’s a lot of forced selling remaining, which is optimistic. But again, I think the upside is quite limited because we also don’t see a lot of new inflows coming in.”
Stay tuned for more important news from the crypto space, and make sure to keep your eyes on the market.