Skybridge’s founder Skybridge, Antony Scaramucci, has declared 2023 as a “recovery year” for Bitcoin and believes that within the next two or three years, the top cryptocurrency will be worth between $50,000 and $100,000.”You are taking on risk but you’re also believing in [bitcoin] adoption. So if we get the adoption right, and I believe we will, this could easily be a fifty to one hundred thousand dollar asset over the next two to three years,” Scaramucci declared. Jean-Baptiste Graftieaux, global CEO of the cryptocurrency exchange Bitstamp has an opinion similar to that of Scaramucci, when he stated last week his belief that the next bear market could be in the coming two years. The CEO also noted the increasing interest of institutional investors. Crypto investors are trying to determine the date for the next Bitcoin bull market following the turbulent 2022. The entire cryptocurrency market suffered approximately $1.4 trillion worth of value by the year 2022 because of bankruptcies and liquidity issues and the demise of FTX exchange.The macroeconomic outlook is being watched by investors despite an increase of just a little bit at the start of this year and similar risk assets such as equities experts believe Bitcoin has reached its bottom, but is not likely to reach its record-breaking high of $69,000. Investors keep an eye at the macroeconomic outlook as Bitcoin is heavily connected to risk assets, like stocks, especially the Nasdaq.The Federal Reserve’s interest rate increases and other macroeconomic events that have affected the price of stocks and cryptocurrencies. The Fed began a frenzied policy of increasing interest rates in order to reduce inflation. This led to an increase in the cost of risky assets like Bitcoin. Experts in the field suggested that Bitcoin could benefit from a shift in the macroeconomic outlook. BTC is trading for $20,813 at date of this article, which was slightly up from the last 24 hours. Since the start of 2023, this top cryptocurrency has had 13 green days of 16.
