Bitmain co-founder Wu Jihan's cryptocurrency trading firm Matrixport has repeated its prediction that Bitcoin (BTC) will reach $45,000 by the end of 2023.
Bitmain co-founder Wu Jihan's cryptocurrency trading firm Matrixport has repeated its prediction that Bitcoin (BTC) will reach $45,000 by the end of 2023. Matrixport emphasized its successful historical market projections in a new blog post headlined "Bitcoin Targets $45,000 — FOMO Is Hitting the Market," and reiterated its earlier estimate.
The firm referenced its September 2023 research, which predicted a good October for Bitcoin, fueled by anticipation of the adoption of a spot BTC exchange-traded fund (ETF).
With Bitcoin momentarily surpassing $35,000 on October 24 and currently trading at approximately $34,692, Matrixport believes it is possible to reach $45,000 based on the breakout over July's $31,500.
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