BTC rate gonna go above $35.000 by the end of 2023

Positive news: Tether's CTO, Paolo Ardoino, has forecasted that the Bitcoin price will surpass $35,000 by the end of 2023. Blockstream's CEO, Adam Back, and other market participants also made similar predictions.

On the other hand, in June, the former head of the U.S. Securities and Exchange Commission's (SEC) Cyber Unit, John Reed Stark, revealed that the U.S. Department of Justice might file a criminal indictment related to the cryptocurrency exchange Binance.

Alternative minds and what do analysts think

Some analysts believe such an indictment could impact Bitcoin's price, while others suggest that such news has minimal influence on cryptocurrency market fluctuations.

Consequently, market sentiment among market makers varies: some predict Bitcoin's price growth, while others speculate that the Binance indictment might negatively affect the price.

It's noteworthy to consider the opinions of Adam Back and Paolo Ardoino. Adam Back holds a prominent position in the blockchain and cryptocurrency world, and Paolo Ardoino, as Tether's CTO, wields substantial influence due to the issuance of USDT.

With control over assets that impact Bitcoin's value on centralized exchanges – Bitcoin and USDT – Tether can exert significant influence over the market.