Metapaid CEO: Surge in New Crypto Investors Drives Bitcoin Price Prediction of $100,000 by Year-End

Metapaid CEO: Surge in New Crypto Investors Drives Bitcoin Price Prediction of $100,000 by Year-End

Metapaid CEO Frank Spiteri recently shared his bullish outlook on the cryptocurrency market, predicting that Bitcoin (BTC) could reach $100,000 by the end of 2023. In an interview with Bloomberg TV, Spiteri attributed this growth to several key factors. One major driver, according to Spiteri, is the influx of new investors entering the market, particularly with the introduction of spot exchange-traded funds (ETFs). These products have made it easier for investors to gain exposure to cryptocurrency, broadening the investor base. Another contributing factor is the increasing recognition of Bitcoin as a potential strategic asset. Spiteri cited former U.S. President Donald Trump's suggestion to stockpile Bitcoin as a national reserve, which has prompted many countries to consider the cryptocurrency in a new light. This growing acceptance could lead to wider commercialization of Bitcoin. Spiteri also expressed optimism about Ethereum (ETH), predicting that it could reach $4,000 by year-end. He believes that the supply restrictions imposed by spot ETFs will drive up the price of ETH. Overall, Spiteri's predictions reflect a positive sentiment towards the cryptocurrency market, driven by increased investor participation and growing institutional acceptance. While these predictions are subject to market fluctuations, they highlight the potential for continued growth in the crypto sector.