Gabriel Vago, CEO of ArgenBTC gave his appreciation regarding what will become of Bitcoin during this new year 2023specifically the ability of the asset to reach or not a new ATH and the perspective of Bitcoin in the Latin American region.
To start, contextualizing that 2023 is the second year of the fourth cycle of Bitcoin, Gabriel Vago assures that a small stability in the price of the cryptocurrency is expected although in the same way bearish behavior situations will arise.
“During the year there may be periods of rise like the current one, but I think that the negative balance of the year will be the downward trend or a minimal downward trend as the final balance of the year, probably very little upward. But in general it will be a year, it seems to me similar to 2022, perhaps with less volatility but negative for the price”, expressed Gabriel Vago.
In the same way, he considers that by the year 2024 it will be possible to visualize a change in the trend, this being bullish. Perhaps it will not have much impact, but in the same way the balance will point upwards, while by 2025 he considers that there will be “high volatility but with a strong rise in prices”. Same year in which there is expected to be a new all-time high ATH (for its acronym in English).
To close, According to the development of Bitcoin in Latin America, Gabriel Vago considers that in the next two years the cryptographic environment will be involved in the development and reception of new products and services linked to cryptography as well as to the blockchain.. Therefore, the adoption of Bitcoin goes to the background, lowering the levels of adoption which are expected to reappear when a new bullish cycle begins.
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