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Nov 22, 2022 18:58
Bitcoin price to reach $250,000 in 2023
Bitcoin price in 2023 will reach $250,000, and the collapse of FTX exchange will only increase the degree of decentralization of crypto assets. This is the opinion voiced by venture capitalist and billionaire Tim Draper in an interview with Cointelegraph after the FTX crash.
In his opinion, the main reason of FTX collapse is its dependence on one center and risky business practices. Similar conclusions are made now by most other experts who analyze the current crisis.
Elon Musk, for his part, believes that the collapse of FTX does not mean that cryptocurrencies based on blockchain technology have failed. He explained this in detail at a recent Twitter Spaces event with an audience of about 1 million people. What's more, from his perspective, the FTX fiasco was actually even beneficial.
Henbbo Foundation's analysis also leads to similar conclusions. The future of cryptocurrencies and blockchain is primarily about decentralization and using the most efficient algorithms to support transactions. That's why our fund has already planned an ambitious development program for 2023 worth more than $5.4 million.
Henbbo - smart investment will change your life!
