Bitbull Capital CEO, one of the leading names in the financial world, states that Bitcoin (BTC) is on its way to reach the level of 100 thousand dollars by 2023. Bitbull Capital CEO Joe DiPasquale discussed Bitcoin (BTC)’s role in the Ukraine crisis and explained his bullish outlook on the crypto markets for the coming months. Details of the subject are on Kriptokoin.com.
Future levels for Bitcoin (BTC)
Although Bitcoin and the crypto money markets in general have followed a fluctuating course in recent months, since May 2021, the desired has not been able to recover. Bitbull Capital CEO Joe DiPasquale thinks Bitcoin (BTC) is on track to reach $100,000 in the next 24 months, despite the bearish trend that has dominated the crypto markets since the beginning of the year. Speaking about the subject, the famous CEO said, “I think 2023 is a safe bet. “In 2022, we may need some time to breathe and sort of blow off steam,” he said. Commenting on Bitcoin’s price action over the past few months, the CEO added, “We’re reaching higher lows and even higher highs.”
Following the outbreak of a military conflict between Russia and Ukraine, Bitcoin (BTC) had a mixed reaction, initially falling along with stocks, but then rebounding strongly. Many were wondering if BTC could still be considered the digital version of gold. “We need to see Bitcoin not as digital gold, but as a currency that does not follow the whims of a central bank, but rather has a very limited amount,” said DiPasquale, the famous CEO.
Cryptocurrency for financial stability
On both sides of the conflict, people are using cryptocurrency to mitigate the effects of financial turmoil. There are growing concerns that the Russian elite will try to use cryptocurrency to evade Western sanctions. Like many other analysts in the past weeks, DiPasquale believes that crypto is not suitable for this purpose. “Bitcoin, unlike cash, is completely traceable,” the CEO said.
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