Matrixport, a cryptocurrency trading firm founded by Bitmain co-founder Wu Jihan, is confident that Bitcoin will reach $45,000 by the end of 2023. In a recent blog post titled “Bitcoin Targets $45,000 – FOMO Is Hitting the Market,” Matrixport reiterated its bold prediction and highlighted its successful market forecasts in the past.
Matrixport pointed out that its report from September 2023 accurately predicted the excitement and significant action in the Bitcoin market in October. The firm also mentioned that historically, October has been the strongest month for Bitcoin, with average returns of 20%. Bitcoin briefly touched $35,000 on October 24, reaching 17-month highs and triggering FOMO among investors.
Matrixport emphasized that Bitcoin’s breakout above July’s $31,500 level indicates that $45,000 is achievable by the end of the year. The firm believes in its proven investment process, which has been highly successful this year.
However, not all analysts share the same optimism. In December 2022, Standard Chartered’s global research head and chief strategist predicted that Bitcoin could drop as low as $5,000 in 2023. Despite this, Matrixport remains optimistic about Bitcoin’s price trajectory.
In other news, Bitfinex Securities, a platform focused on listing tokenized securities, has announced its first tokenized bond called ALT2611. This bond, denominated in Tether (USDT) and issued by Mikro Kapital, will be listed in November. It aims to acquire risks associated with microfinance organizations and small financial institutions in various developing nations along the Silk Road.
Bitfinex Securities sees this as the beginning of a new era for capital raises through deep liquid markets and stock/fond markets. The platform offers access to various financial instruments, including blockchain-based bonds and stocks, as well as investment funds. Businesses can use Bitfinex Securities to list their tokenized securities directly on the exchange and facilitate trading.
The tokenized bond ALT2611 will begin trading at 100 USDT, with a minimum investment amount of 125,000 USDT. The security distribution will start within one week after the completion of the capital raise, and the bond will have a three-year maturity period. It will be governed by the law of the Grand Duchy of Luxembourg.
Overall, Matrixport is optimistic about Bitcoin’s price reaching $45,000, while Bitfinex Securities is excited about listing their first tokenized bond, marking a new era for capital raises.