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Bitcoin (BTC) to Hit $45,000 by End of 2023: Matrixport Expert

Wed, 04/26/2023 - 12:13
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Yuri Molchan
Chief researcher at Matrixport explains why he expects Bitcoin to reach $45,000 in late 2023
Bitcoin (BTC) to Hit $45,000 by End of 2023: Matrixport Expert
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Chinese cryptocurrency journalist and blogger Colin Wu has shared that Markus Thielen, chief researcher of Matrixport — an all-in-one platform for crypto financial services — believes that reaching the $45,000 level by the end of the year now seems "quite achievable" for Bitcoin.

Here's why Bitcoin may hit $45,000 this year, per Thielen

According to a LinkedIn post published by Markus Thielen, the current position of the BTC price is "exactly where it should be." That assumption was made in accordance with the "CPI/FOMC road map" that was suggested by the company at the start of February.

Now, Thielen expects "the higher path to $45,000 this year to continue" and says that buying BTC at the "fair value" of $27,000-$27,500 would make sense. He stated that since U.S. 10-year bonds are now trading below the 3.5% level, he assumes that inflation will likely create a major tailwind for risk assets, including flagship digital currency Bitcoin.

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Bitcoin price rebounds above $28,000

On-chain data aggregator Santiment has tweeted that despite the recent pullback, the percentage of social media discussions about BTC is still high above the average level.

According to the tweet, high social media ratings of BTC usually take place when market euphoria or fear happens; the latter is the case now. Santiment added that the price can rebound pretty soon again.

Indeed, just recently, Bitcoin went back above $28,000, rising 5.6% over the past 24 hours in total and hitting the $28,854 level, per data shared by CoinMarketCap.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at