Financial services company eToro recently examined 2023 crypto analyst projections, noting industry personnel maintains the new year could offer significant changes.
eToro recently cited venture capitalist Tim Draper, revealing to a domestic media outlet CNBC he believed Bitcoin would reach $250,000 within the next couple of years while also noting an analyst shared this month that Bitcoin could be $6,000 or $60,000 by the end of next year.
Additionally, eToro indicated a human rights specialist shared he expected global adoption to be the industry’s top story next year amid the efforts of Bitcoin entrepreneurs around the world yielding results.
The financial services company maintains as the year comes to a close, bear market frustrations have lessened to calm acceptance in the wake of Bitcoin continuing to hover at $17,000, with blockchain data showing big investors are accumulating the crypto asset.
Per eToro, Bitcoin volatility has reached a record low in the wake of the industry reflecting on a year witnessing highs above $50,000, as well as major crypto platform collapses.
eToro indicated the company seeks to revolutionize the way people invest while enhancing investors’ financial education.