2002 slumped, this is the prediction of the value of Bitcoin in 2023

2022 will be a difficult year for cryptocurrencies, including Bitcoin. The value of this currency continues to fall, causing many people to go bankrupt.

So what is the value of Bitcoin in 2023? Here’s the prediction. As reported by TechSpot, Wednesday (4/1/2023), analyst predictions for the value of Bitcoin vary widely. Some say Bitcoin will hit a record high, quadrupling. But there are also those who say Bitcoin will fall freely.

The optimistic prediction comes from billionaire venture capitalist Tim Draper. He believes the value of Bitcoin will rise 1,400% to end 2023 with the value touching $250,000.

“My assumption is that since women control 80% of retail spending, and only 1 in 7 bitcoin wallets are currently held by women, the dam will soon be broken,” Draper said. He also hopes that things will get better in 2024.

Unlike Draper, Standard Chartered’s head of global research, Eric Robertsen, believes Bitcoin’s decline will continue to $5,000 in 2023. The reduction reached 70%.

Investor Mark Mobius shares a similarly pessimistic view, believing BTC will drop to $10,000.

Carol Alexander, a finance professor at the University of Sussex, has good news for shareholders. He believes Bitcoin will reach $30,000 in the first quarter and rise to $50,000 in the third or fourth quarter.

In the end, of course, predicting the future price of Bitcoin accurately is impossible. Whether the market recovers or falls even further in 2023 is just a conjecture that cannot be ascertained.

Bitcoin itself in 2022 has a high of close to $48,000. This value decreased from the highest price in the previous year, which reached $68,000. The last 12 months have been the worst in the cryptocurrency market.