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hiIn March, the bitcoin exchange rate will soar above $60,000
On February 28, Evgeny Shatov of Capital Lab shared his optimistic forecast with Izvestia, suggesting that by the end of March, the price of bitcoin (BTC) could exceed the $60,000 mark.
As interest in cryptocurrencies continues to grow, Shatov foresees an increase in the value of BTC, which will attract the attention of both private and institutional investors. The creation of the BTC-ETF is indicative of the growing institutional participation in the market.
Shatov is optimistic about the future of bitcoin, indicating a positive mood in the market. Options traders are betting on the cryptocurrency reaching the $75,000 mark, while analysts are predicting a target of $64,000 in the near term due to growing demand for spot products through exchange-traded funds. This optimistic outlook is attracting more buyers looking to capitalize on opportunities.
Shatov also noted the potential impact of the expected policy easing by the U.S. Federal Reserve on liquidity and demand in the market, which could lead to an increase in the price of BTC.
Based on his analysis, Shatov is confident that the bitcoin price could exceed $60,000 by March.
CoinDesk recently reported that bitcoin crossed the $58,000 mark, reaching its highest level since 2021.
On Jan. 10, bitcoin had an outstanding performance, delivering a 170% return for the year and solidifying its position as the top investment of 2023. FinExpertiza estimates that an investment of 100,000 rubles in cryptocurrency can yield a profit of 176,400 rubles after taxes.
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