He believes Bitcoin’s “crypto winter” is over, with the #1 cryptocurrency expected to reach $100,000 by late 2023, in a run that could last until 2025.
I’m not giving a big buy signal; I’m just saying, yes, you can start buying a little bit, Lamoureux recently told MarketWatch. Bitcoin, which is currently trading at $30,000 and is down more than 55% from its all-time high of $68,990 in November 2021, meets many of his criteria for exiting a bear market, he says.
One of the primary drivers of Bitcoin (BTC) is supply, he explained. Because there is less supply, there is less coming to the market… That has always resulted in higher prices in the past. What I mean is that it is no longer part of the story.
