- 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.
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 could motivate investors to purchase more Bitcoin. Vays highlighted that Bitcoin cannot be confiscated and is"censorship resistant," since the cryptocurrency is decentralized. He said that these unique attributes of Bitcoin would lead to more adoption.
Vays pointed to recent examples of governments freezing or confiscating bank accounts for political reasons to argue that demand for Bitcoin will rise.