By the end of next year, the crypto industry will come out of the crisis and the rate of the first cryptocurrency will rise to $100 thousand. Yves Lamoureux, head of Lamoureux & Co, a company specializing in macroeconomic research, is sure of that.

In a recent conversation with journalists, Lamoureux characterized bitcoin's failures and the decline of the entire cryptocurrency market as a typical phenomenon for "cryptozyme. In his opinion, this period is coming to its end, which means a rise in the BTC rate in the near term. It is likely that by early 2024 bitcoin will be worth $100,000, the president added.

At the same time, he warned against thoughtless investment in the first cryptocurrency during the fall of its course. Now you should limit investments to small amounts, advises Lamoureux. Buying other digital assets in the current situation is dangerous, he continued, because the market is still unstable. He cited the Terra crash as an example.

Previously, the head of Lamoureux & Co had repeatedly spoken about his skepticism towards bitcoin, strongly discouraging investors from investing in it. However, afterwards he referred to BTC as the "king of cryptocurrencies" that all other assets are drawn to.