Google Bard predicts how low Bitcoin price will go in 2023
Google Bard predicts that the average lowest price Bitcoin could hit in 2023 is $20,759. This is based on an analysis of multiple financial experts, and takes into account the lowest estimates of $12,000 and the highest of $30,000.
There are a number of factors that could contribute to Bitcoin's price dropping in 2023. These include:
The ongoing bear market in the cryptocurrency market. Bitcoin has been on a downward trend since reaching its all-time high of $69,000 in November 2021. This bear market could continue in 2023, pushing Bitcoin's price even lower.
Increased regulation of cryptocurrencies. Governments around the world are increasingly cracking down on cryptocurrencies.
This could make it more difficult for people to buy and sell Bitcoin, which could also contribute to a decline in its price.
A decline in the overall global economy. If the global economy enters a recession in 2023, it could also have a negative impact on the price of Bitcoin.
This is because investors may be more likely to sell Bitcoin in order to raise cash during a recession.
Of course, it is impossible to predict the future with certainty.
Bitcoin's price could go higher or lower than Google Bard's prediction. However, the factors listed above suggest that there is a risk of Bitcoin's price dropping in 2023.