(Kitco News) - Bitcoin's price will reach $100,000 in 2023, and stocks and crypto will experience a "bull market" as European money flees to the United States, said Tone Vays, derivatives trader, crypto analyst, and conference organizer.
"I would be surprised if we're not approaching that $100,000 [Bitcoin price] some time next year," he said. "I think that there will be a lot of speculative money flowing into the equities market and into crypto markets."
Vays claimed that "capital flows out of Europe" and into the United States could trigger Bitcoin's price increase. He also suggested that fear of missing out (FOMO) could motivate investors to purchase more Bitcoin.
"They missed their chance catching the low in 2018," he said. "This is one more chance… if [investors] ever get an opportunity to buy Bitcoin again under $10,000, they will jump at it immediately."
Vays spoke with Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News.
Bitcoin: A Unique Asset
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