Jim Messina, founder of Messina Group and an aide to former US President Barrack Obama, talked about the current status of Bitcoin.
In an interview with an American television channel, the CEO mentioned that Bitcoin is becoming more and more popular. Messina is hopeful of the market and actively bitcoin announced that he is continuing his purchase. The former bureaucrat’s price expectation for BTC is around $60,000.
“I am incredibly optimistic about Bitcoin. I believe the leading cryptocurrency will reach the $60,000 level again.”
Messina made an interesting analogy during the interview, comparing BTC to car brand Porsche.
Messina is not the only phenomenon that predicts rise in Bitcoin. Some crypto experts say it will happen in 2024 halving A bull run awaits in the market towards trading. The fact that BTC has spent this year with decreases and the bull market towards the past halving periods supports the thesis of analysts.
New Bull Coming in Bitcoin?
Previous bull-bear cycles strengthen expectations for 2023. The bear market in cryptocurrencies in 2017 was followed by a very strong bull season in 2018. According to a similar scenario, if we count 2022 as a bear market, the rise in cryptocurrencies may come again in 2023.
Global expectations also support these analyzes, which are based on the history of the crypto market only.
Some economists expect the Fed to slow rate hikes from December 2022. If such a scenario occurs, the stagnation in the markets may come to an end.
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