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CNN Political Commentator Predicts Bitcoin Rises to $103,000 in 2023

Sunday January 1, 2023. 07:45 PM , from Slashdot
'Cryptocurrency went through a transformation in 2022,' writes CNN, noting that its peak price last year occurred on January 1 of 2022, at over $47,000:

Since then, the asset — along with other cryptocurrencies — has seen a steep fall in price, remaining well below $20,000 since early November.... [Current price: $16,585]

In the wake of the FTX collapse, Emily Parker rhetorically asked, 'So who will save crypto now?' Whether the currency can be saved at all is a question that divides our prognosticators. [Political commentator] Alice Stewart is the most bullish on the future of bitcoin, predicting that its peak price in 2023 will be $103,000.

[Legal analyst] Elliot Williams isn't too far behind her, guessing the asset will top out at $70,000. [Opinion contributors] Jill Filipovic and Allison Hope, however, don't anticipate a rise in price at all — speculating that its peak value next year will be just $12,000 and $13,000 respectively. 'I know nothing about Bitcoin,' admits Hope, 'but this seems like a conservative gloom and doom figure.'

In their larger collection of predictions, two CNN opinion contributors expressed mild hopes for bitcoin Raul Reyes wrote that Bitcoin 'seems like the steadiest investment in the volatile crypto world,' before predicting its 2023 peak price would be about $29,400.
And Frida Ghitis predicted that 'Speculators will swarm in, and Bitcoin will spike up above $36,000 — before falling back to Earth again.'

Read more of this story at Slashdot.
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