Bitcoin expert Tony Weiss said that Ethereum cryptocurrency is useless, and the Bitcoin trader forecasts growth to $ 100 thousand in 2023.
As part of an interview with representatives of the Cointelegraph, Weiss noted that, in his opinion, in the near future it is possible to reduce the cost of BTC to the level of $ 7 thousand or lower – in the event that there is no quick recovery in price and consolidation is observed, then we can expect that the price will fall even lower – to the order of $ 5 thousand. Moreover, the expert does not support the forecasts of some analysts that this year the price will rise then $ 14 thousand, he noted that he would not be surprised if the rate drops even to $ 3 thousand. Weiss believes that the flagship cryptocurrency will complete the current year at the level of $ 7,500 – $ 8 thousand.
In the long run, according to Weiss, $ 100,000 is an affordable indicator for BTC. If this happens, then most likely at the end of 2023, before the bustle starts on the market due to the next cryptocurrency halving, which will happen in 2024. In addition, Weiss believes that any significant event, in particular in Europe, such as the financial crisis in the Republic of Cyprus in 2013 or the shutdown of the Greek banking system in 2015, will positively affect the acceptance of BTC by society.
Weiss drew attention to the fact that many people still buy such shitcoins as Litecoin, Ethereum, Ripple. He believes that as soon as people understand their futility, interest in BTC will increase and its price will rush up.
