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Yves Lamouret, president of macroeconomic research firm Lamoureux & Co, believes that the recent correction in the price of bitcoin is part of the “crypto winter” that has already come to an end.
The top manager predicts that bitcoin is about to begin another rally, culminating in reaching the value of the asset at $ 100,000 by the end of 2023. In his opinion, the ascent will last until 2025.
He noted that the next turning point in the price of bitcoin will be halving, which should take place in 2024. According to Lamoure, with a decrease in the supply of bitcoin, the asset will begin to rise in price.
I’m not giving a serious buy signal, I’m just saying, yes, you can start buying a little bit. Bitcoin, hovering around $30,000, more than 55% below its all-time high of $68,990 for November 2021, meets many of the criteria for exiting a bear market.
The expert advised investors to buy the asset in small portions, because the future of the crypto market is shaky. In his opinion, the current increased volatility of bitcoin is partly the result of the collapse of Terra coins.
I’m interested in Bitcoin because it’s the king, and that’s where institutional money will flow in the first place. So always choose the best. All coins want to become bitcoin, but this will not happen… don’t complicate it, stick to bitcoin,” Lemoure added.
On the evening of May 26, the flagship cryptocurrency was trading at $29,500, continuing to hover in the $29,000-30,500 range.
#bitcoin #return #growth
