Cryptocurrency market has been continuing its sideways movements in recent days. While investors expect a permanence above $30,000, forecasts for the end of 2023 continue to come from analysts.
Industry Experts Predict Bitcoin Price to Exceed $35,000 by the End of the Year
Key experts, including Adam Back, Paolo Ardoino and Giacomo Zucco, expressed their confidence in the continued growth of the leading cryptocurrency.
Known for his work in cryptographic technologies and blockchain, Adam Back reaffirmed his belief in Bitcoin's potential to break the $35,000 mark by the end of this year.
Back's views are particularly appreciated in the cryptocurrency community due to his role as CEO of Blockstream, a leading company focused on Bitcoin and blockchain technologies. On the other hand, Adam Back is also alleged to be Bitcoin founder Satoshi Nakamoto.
Bitfinex and Tether's Chief Technology Officer (CTO) Paolo Ardoino also emphasized that he agreed with this view.
Bitfinex and Tether are leading players in the cryptocurrency exchange and stablecoin industries. Ardoino's expertise in the digital asset space lends weight to his prediction of the positive trajectory of Bitcoin.
Giacomo Zucco, a prominent Bitcoin advisor and advocate, has joined the chorus of experts predicting Bitcoin's rise.
Zucco's views are significant given his deep understanding of the technology and market dynamics underlying cryptocurrency. The fact that Bitcoin price will rise above $35,000 by the end of the year further increases the optimism in the market.
The shared sentiment of these insiders resonates against the backdrop of ongoing market developments and growing institutional interest in cryptocurrencies.
*Not investment advice.