• Mike Novogratz – a bitcoin bull and billionaire hedge fund manager – believes the currency is going to see a major price boom in the final months of 2023.
• The Federal Reserve hinted that 2023 could be a year of continued rate hikes, though they don’t expect them to be as aggressive as they were in 2022.
• Novogratz believes that in the final months of 2023, bitcoin will reach a price of about $40K, which will ultimately add about $200 billion to the crypto space.
Mike Novogratz Predicts Major BTC Bull Run
Bitcoin has been on a roll since the beginning of this year, with its recent price hitting around $30K per unit for the first time in about 10-11 months.
Billionaire hedge fund manager and bitcoin bull Mike Novogratz believes that this upward trend is set to continue and expects a major price boom for BTC towards the end of 2023.
Federal Reserve’s Monetary Policy Expectations
The Federal Reserve has suggested that 2023 could be another year of rate hikes, but not as aggressive as those seen in 2022 when BTC lost over 70% of its value after hitting an all-time high in November 2021.
However, Novogratz does not think these rate hikes would have any negative effect on Bitcoin this time around.
Novogratz’s Price Prediction for Bitcoin
Novogratz believes that by the end of 2023, Bitcoin will be trading close to $40K per unit which would add an estimated $200 billion into the crypto market.
Alex Kuptsikevich – senior market analyst at FX Pro – also stated that reaching $30K was significant for bitcoin in 2021 and marked an important turning point for the world’s leading digital asset..
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It looks like 2023 is set to be an exciting year for Bitcoin investors with many predicting big things from its value. We’ll have to wait and see what happens next!