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Bitcoin at $100,000? Insiders say the cryptocurrency could test new highs this year


Cryptocurrency industry insiders predict bitcoin could hit a new all-time high in 2023 and possibly reach $100,000. It comes after a noted investor bet that the digital currency could go to $1 million in 90 days.Chris Ratcliffe | Bloomberg | Getty ImagesBitcoin has rallied nearly 70% so far this year — and industry insiders who spoke to CNBC remain bullish, with one saying the world’s biggest cryptocurrency could reach new heights.Bitcoin previously hit its all-time high of $68,990.90 in November 2021. Since then it has fallen about 60%.Marshall Beard, chief strategy officer at U.S.-headquartered cryptocurrency exchange Gemini, said $100,000 could be a possibility for bitcoin.”I think bitcoin probably breaks all-time highs this year,” Beard said, adding that the $100,000 price figure is an “interesting number.” Beard said that if bitcoin gets to its previous record high of near $69,000, “it doesn’t take much more for it to lift up” to $100,000.Bitcoin would need to rally around 270% to hit $100,000.Paolo Ardoino, chief technology officer at stablecoin issuer Tether, said bitcoin could “retest” its all-time high near $69,000.The predictions of new record highs mark a more optimistic outlook than in January when industr …

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