Bitcoin Price Prediction as $15 Billion Trading Volume Comes In – Where is BTC Headed in 2023?
During the US session, Bitcoin price prediction is neutral as it's trading in a narrow range of $16,450 to $16,750. Lightspark's CEO and co-founder David Marcus disillusioned investors with his forecast for the industry in the next years. The damage done by "unscrupulous players" to Bitcoin and other cryptocurrencies, he said, would not be repaired until at least 2024.
On December 30th, he tweeted his thoughts to the world.
The fallout from the FTX catastrophe has continued to disturb mood and price performance nearly two months after the event. Marcus was of the opinion that they will continue to be a problem for the crypto business well after 2023. While he didn't specifically name FTX, he did say that "unscrupulous participants" will extend the market's underperformance into 2023.
According to Bloomberg News, Elon Musk lost $200 billion, making him the first person in history to do so, while Tesla lost $783 million due to Bitcoin (BTC) volatility. On November 4, 2021, Musk's personal wealth was estimated at $340 billion, making him the richest person in the world.
By the end of 2022, Musk's fortune had dropped to $137 billion, and LVMH's Bernhard Arnault had supplanted him as the company's most wealthy individual. Tesla, Musk's electric vehicle company, saw its value drop by 65% in 2022, and he had to sell a lot of his other assets to pay $40 billion to buy Twitter.
In February of 2022, Tesla paid $1.5 billion to acquire 43,200 BTC. With the current BTC price hovering at $16,597 at the time of writing, the sum is equivalent to $716,368,320. Tesla has lost a total of $873,631,680 on its BTC investments, or 0.39 percent of Musk's $200 billion loss.
The current bitcoin price is $16,573, with a trading volume of $11 billion in
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