Duong Forecasts $100K Bitcoin Price Spike Before Year-End

Bitcoin's price surge shows no signs of slowing down as it surpassed $77,129.12 last week, marking a 22.8% increase over the past seven days.

David Duong, former Coinbase Head of Institutional Research, is among those who believe Bitcoin will reach $100,000 by year-end. Speaking on the Milk Road Show, he revealed that his outlook has grown more optimistic in recent weeks.

Duong's revised prediction comes as Bitcoin continues to defy expectations and push past previous price targets. However, it remains unclear whether this momentum will be sustained through the remainder of 2023.