Anthony Scaramucci, the founder of SkyBridge Capital, said that 2023 will be a “recovery year” for bitcoin and that the price of Bitcoin may see a process at the level of 50 thousand -100 thousand dollars in the next 2-3 years.
Scaramuchi, one of the names who spoke at the conference organized by CNBC in St Moritz, said, “We talk about risks, but we believe in bitcoin.”
Bill Tai, one of the investors who attended the same conference, said that he still expects a slightly downward movement in the bitcoin price. Stating that it is possible for the Bitcoin price to make a base here, Tai also emphasized that the price may decline to the level of 12 thousand dollars before jumping again.
CoinShares chief strategist Meltem Demirors said that it is possible for the bitcoin price to move in the range of $20,000-15k below and $25,000-30k above.
Demirors said, “I don’t think there are too many forced sales in Bitcoin. However, I think the upside movement is quite limited because I don’t see a lot of new capital inflows.”