• Tim Draper predicts that Bitcoin will hit $250,000 by 2023.
• Carol Alexander predicts that Bitcoin will hit $50,000 sometime in 2023.
• Other prominent personalities in the space have shared their predictions, some bullish, some bearish.
As the start of the new year approaches, investors in the crypto space are looking to the future to see what the next year will bring. This is especially true when it comes to Bitcoin, the world’s first and most popular digital asset. With the halving coming up in 2024, many prominent personalities in the space have shared their predictions of what the price of Bitcoin will be in the next three years.
One of the most notable predictions comes from billionaire investor Tim Draper, who believes that the price of Bitcoin will reach $250,000 by 2023. In an email to CNBC, Draper reiterated his prediction, stating that he expects the “halvening in 2024 will have a positive run” and that the more women who are drawn into BTC, the higher the price will go.
On the more conservative side, Professor Carol Alexander of Sussex University predicts that the digital asset will hit $50,000 sometime in 2023. She believes that the bull market of that year will be “managed” and that the $50,000 mark will be reached somewhere in the third or fourth quarter.
Other prominent figures in the crypto space have shared their predictions as well, with some being more bullish and others being more bearish. For example, crypto analyst Willy Woo believes that Bitcoin will reach $100,000 by the end of 2023, while crypto analyst Tone Vays believes that the price will stay below $50,000.
No matter which prediction ends up coming true, it’s clear that the crypto space is filled with optimism for the future of Bitcoin. With all of the positive developments and news that have come to light in the past year, it’s likely that the digital asset will reach new heights in the next three years. Only time will tell which prediction ends up being the most accurate.