In just nine months, bitcoin will reach $100,000, according to the CEO and founder of cryptocurrency investment fund Bitbull Capital. Further growth is likely.
Rise despite wars
Bitcoin is an enigmatic digital asset that has attracted a lot of attention. Speculators and supporters alike claim it is the future of money. Bitcoin has become one of the most debated topics in the financial world, so has bitcoin become possible as currency in btc カジノ in Japan, where players have an increased demand for bitcoin in online casinos, and bitcoin is also confusing to most ordinary people.
While a new war has broken out and it strongly appears that a new division of the world is emerging, Bitcoin seems unfazed by it. Just about all the major stock market indices have suffered heavy losses.
All markets in the stress test
The cryptocurrency market has yet to recover from Russia’s incursion into Ukraine, especially given the prolonged conflict and Russia’s stubborn insistence on its position.
Despite a significant drop in Bitcoin’s price in recent weeks, the digital currency is still on track to reach the US$100,000 mark, according to a leading cryptocurrency expert. At least this is the statement released today by CEO DiPasquale.
Highs within reach
DiPasquale of cryptocurrency exchange BitBull Capital is optimistic about Bitcoin’s role in the Russia-Ukraine war and its impact on cryptocurrency markets.
The year 2023 is upon us, and DiPasquale is a reliable choice when it comes to predictions. He is known for his accurate predictions.
Joe Biden and the Bitcoin decree
The bitcoin price jumped after Joe Biden’s announcement that a newly formed panel will investigate the legitimacy of cryptocurrencies. The order was already issued at the end of February, which led to a change in attitude towards cryptocurrencies and caused a 10% increase on Thursday. This rise leads to an increase in value of 42,000 US dollars.
Given the US government’s positive stance on cryptocurrencies, DiPasquale’s bullish prediction on Bitcoin may carry even more weight than before the report.
Ryan Selkis, the founder and CEO of the crypto platform Messari does not necessarily agree with the above prediction. He says that the actual development will be influenced by many small decisions:
‘Although we will have to wait and see what the major regulators will propose in the coming months, this is a positive step and on first reading, there were no red lights.
The cryptocurrency Bitcoin
The currency of the future, Bitcoin, has been targeted recently by the current conflict between Russia and Ukraine. However, it has been able to cast itself in a positive light in large part due to its decentralised nature and its ability to transcend national borders.
Some are calling Bitcoin a new alternative asset. Other people believe it should be avoided. However, the current trend towards cryptocurrencies makes Bitcoin the digital equivalent of gold. DiPasquale has a clear opinion on this:
We need to think of Bitcoin as a currency, not digital gold, but one that is not subject to the whims of a central bank and instead has a very limited supply.
In light of recent geopolitical events, citizens around the world are increasingly turning to cryptocurrencies for security and stability of value.
Protection from sanctions
Western sanctions against Russia have recently been tightened. In response, Russia’s elite can be expected to turn to cryptocurrencies to circumvent the sanctions.
It is clear that the Russian leadership has been very busy developing a well-thought-out approach to cryptocurrencies. About ten months ago, President Putin stated that Russia has a competitive advantage in the mining industry, and looking at the newly introduced legislation, it is clear that Putin is very serious about this.
Russian President Vladimir Putin has already stated that Russia dominates the cryptocurrency industry. Analysts believe that President Putin is exploring bitcoin as a potential means of circumventing Western sanctions.
