Scaramucci sees bitcoin at $50,000 to $100,000 in 2-3 years as market hopes for bull run

In 2022, the entire cryptocurrency market lost about $1.4 trillion in value with the industry facing liquidity issues and bankruptcies topped off by the collapse of exchange FTX.

While bitcoin has got a small bump at the start of the year, in line with risk assets like stocks, experts say bitcoin is unlikely to retest its all-time high of just under $69,000 but it may have bottomed.

Investors expect 2023 to be a year of caution, before a potential bull run that could begin in 2024.

After a tumultuous 2022, crypto investors are trying to figure out when the next bitcoin bull run could be.

Last week, at a crypto conference in St. Moritz, Switzerland, CNBC spoke to industry insiders who painted a picture of 2023 as year of caution. Bitcoin
is expected to trade within a range, be sensitive to the macroeconomic situation such as interest rate rises and continue to be volatile. A new bull run is unlikely in 2023.

However, experts are looking to next year and beyond with optimism. $BITCOIN GENERATION INC(BTGN.US)$ $Coinbase(COIN.US)$