According to US investors surveyed by CryptoVantage, bitcoin will rise to $69,000 by the end of 2023. 25% of respondents voted in favor of this scenario.
47% of the survey participants said that BTC’s growth will be gradual, and will stretch for about five years.
Analysts at Fundstrat also believe that bitcoin will rise in price in the coming months. Before the halving, which will take place in April 2024, the BTC exchange rate could soar to $180,000, the report said.
The emergence of spot crypto ETFs will be onim of the triggers of the rally. If such instruments are legalized in the U.S. market, daily capital inflows into them could reach up to $100 million.
Recently, NYDIG also predicted the growth of bitcoin after the legalization of spot crypto funds.
Applications for the launch of such products were sent to the Securities and Exchange Commission (SEC) by asset management giants in June.
If they are launched, the capitalization of the largest digital currency could increase by $30 billion over the next few months.