This bear market is not worse than the previous ones, cryptorecruitr believes, maxkeiser predicts Bitcoin to hit $100,000 in 2023 $BTC
As November 2022 kicked off, the crypto market witnessed the collapse of the FTX crypto giant, its boss Sam Bankman-Fried and his pocket trading company Alameda Research, which he attempted to save from bankruptcy using the funds of FTX customers.
This major bearish event pushed Bitcoin, and the whole crypto market along with it, way down. BTC fell from the $21,300 level and is now trading in the $16,600 range. Prior to that, BTC had been dropping gradually, pushed by the hawkish policy of the Fed Reserve. The latter kept raising interest rates in an attempt to slow down the inflation. The most recent interest rate hike took place in December. That maneuver of the U.S. central bank made Bitcoin slip from the $18,000 zone below the $17,000 level, where it has been trading since then. This hike was smaller than the previous ones, though, by 50 basis points.
On the last day of 2022, prominent Bitcoiner Max Keiser, a former trader who hosts a Bitcoin podcast, tweeted his predictions for 2023. Among those was Bitcoin reaching $100,000, two more countries adopting BTC as legal tender, BTC becoming a major electoral issue in the U.S. elections in 2023 and a few others also about Bitcoin.
It turned out that Keiser shared the Bitcoin predictions for 2023 posted by El Salvador president Nayib Bukele, who legally integrated Bitcoin in El Salvador as legal tender in 2021. Actually,
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