Four Great and One Terrible Bitcoin Price Predictions for 2023

Four Great and One Terrible Bitcoin Price Predictions for 2023

The year 2023 is here, and with it comes an influx of predictions about the price of Bitcoin throughout the year. The last 12 months have been particularly devastating for the cryptocurrency, which lost more than 70% of its dollar value.

However, many seem to be quite optimistic about BTC's short-term future. Here are four great and one not-so-great predictions for 2023.

Tim Draper says BTC at $250,000

Tim Draper is perhaps one of the most outspoken and prominent Bitcoin permabulls. Therefore, it is not surprising that he maintains his bullish stance and believes a price of $250 is possible by the end of the year.

This would require a rally of around 1400%.

Draper is also quite positive about the halving in 2024 and believes it will have a big impact on prices.

Tim Draper. TechCrunch

Carol Alexander: $50,000 in 2023

Another with a positive forecast is Professor of Finance at Sussex University – Carol Alexander. She was pretty close in his previous call that the price of BTC would fall to $10,000 in 2022, although it didn't quite get there.

However, she now believes the cryptocurrency is poised for gains, albeit for slightly different reasons than one might expect.

The professor believes the catalyst would be the influx of more dominoes from the FTX fallout, catalyzing what she calls a “managed bull market.”

In 2023 there will be a managed bull market, not a bubble – so we will not see price overshooting like before. […] We will see a month or two of stable price trends, interspersed with range-bound periods and probably a few short-lived crashes.”

Alistair Milne sees BTC at around $45,000

Another who has made several predictions, including for the price of Bitcoin, is the CIO of the Altana Digital Currency Fund – Alistair Milne.

We should see at least ~$45,000 by the end of 2023 (which you may deduct due to the damage done). Alternatively, hard assets could come back into vogue if central banks decide to tolerate a higher inflation target (e.g. cutting earlier to avoid a recession despite 3-4% inflation). - He said.

He also said in a Twitter thread that the price should reach $150,000 to $300,000 by the end of 2024, arguing that “this is not a time to be bearish and is probably the bulls’ best opportunity.”

He said he's all-in again (without capital, which he expects to use for other things in the next two or three years).

I had a decent track record for predictions through 2022. A combination of macro influence and full delay actions forced me #Bitcoin to break most models and completely move away from the fundamentals

So let's try again...

– Alistair Milne (@alistairmilne) December 30, 2022

Eric Wall believes BTC will pump above $30,000

Another joining the bullish bandwagon is Eric Wall, who believes the cryptocurrency will pump above $30,000 sometime in 2023, without giving an exact timeline.

He also said that $15.4K is the bottom for BTC.

Interestingly, Wall also made a number of other predictions. He believes Sam Bankman-Fried should go to prison for more than 10 years, meaning the trials against him and his companies will be over by then. SBF was released on $250 million bail in December.

Additionally, he believes Ethereum will allow withdrawals for the staked ETH – something thatCryptoPotatodiscussed in a recent podcast with Matt Nelson, PM of ConsenSys.

Standard Chartered: Bitcoin at $5,000

All of the above were the better predictions as promised in the title. Here comes the terrible thing.

According to Standard Chartered, BTC could fall as low as $5,000. The financial institution outlined its thoughts back in December, saying:

More and more crypto firms and exchanges are facing insufficient liquidity, leading to further bankruptcies and a collapse in investor confidence in digital assets.

.