“The boldest bitcoin calls for 2023 are out — and a 1,400% rally or a 70% plunge may be on the cards”
January 2, 2023
“2022 was a rough year for crypto. More than $1.3 trillion was wiped off the value of the market. And bitcoin, the world’s largest digital coin, saw its price slump more than 60%.
Investors were caught off guard by a wave of collapses in the industry from stablecoin project terraUSD to crypto exchange FTX, as well as a worsening macroeconomic climate. Those who made predictions about bitcoin’s price in the past year really missed the mark…
Bitcoin bull Tim Draper had one of the most optimistic calls on bitcoin of 2022, predicting the token would be worth $250,000 by the end of the year…
In a Dec. 5 research note, Standard Chartered said bitcoin may sink as low as $5,000. The prediction, one of the bank’s list of “surprises” that are being “under-priced” by markets, would represent a 70% plunge from current prices…”
https://www.cnbc.com/2023/01/02/the-boldest-bitcoin-price-predictions-for-2023.html
I think the 70% plunge is by far more likely. Either way if I had Bitcoin I wouldn’t sell it. While i do own some crypto bitcoin isn’t one of them.