Bitcoin is on a tear in 2023. Here's where 4 crypto pros see the coin headed by the end of the year.
After a tumultuous 2022, bitcoin has increased more than 60% year-to-date and the cryptocurrency market's total value sits well above the $1 trillion mark.
First, bitcoin can't claim another all-time until the macroeconomic environment clears up, Charmyn Ho, head of crypto insights at digital asset exchange Bybit, told Insider. The crypto traded at a record of $67,566 in November of 2021, per"However, a possible headwind is the potential recession forecast to hit the US, Europe, and other major economies due to a stubbornly inverted yield curve," Ho told Insider.
"As we approach the next Bitcoin halving and crypto dominance looks set to peak, we're on the cusp of exciting developments in the crypto world."
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