After the first signs of growth, someone exclaimed: "I thought so," and began to buy. Others continue to cautiously observe. And still others are patiently waiting for more comfortable prices.
Which of them is right? Let's try to figure it out with the help of market experts.
The previous year began with a decline from $46,000 to $35,000 and continued to decline later, until the rate fell first to $20, and then lower to about $16,000.
The new year began with growth and at the moment the first cryptocurrency pleases with numbers of 22-23 thousand of dollars per coin.
What affects the course?
The crisis and changes in the base rate of the US Federal Reserve are one of the main drivers. When problems begin, the rate rises, investors go into conservative assets and exit risky ones.
Another factor is administrative. Regulatory processes have a negative impact, as control affects ordinary users and the development of most projects.
Global shocks always work to reduce investors' interest in risky assets. In such situations, investors choose the proven and reliable, but the new put off until better times and try to minimize any risks.
We think there is no need to explain what events this year can influence the choice of investors around the world.
Today, the market has risen slightly, but is still in a downtrend, as it is still very far from the 21-year highs of $67,000.
Let's try to understand what 2023 has in store for the crypto community. Are there any reasons to be positive?
According to Tim Draper, co-founder of venture capital company Draper Fisher Jurvetson, the first cryptocurrency has every chance to rise to the level of 250 thousand dollars for bitcoin by the middle of the year.
Alistair Milne, founder of Altana Digital Currency Fund, predicts that the price of bitcoin will rise to $45,000, but it all depends on inflation indicators.
Mike Novogratz, founder of Galaxy Digital, predicts the end of the bearish phase during the first half of 2023 and growth to approximately $50,000 before the end of the year.
There are also negative scenarios. Standard Chartered has predicted that Bitcoin prices will drop to $5,000 due to high-profile bankruptcies and a general decline in confidence. The European Central Bank was even more cruel and practically signed the verdict for the first cryptocurrency, denoting that the decline would be fatal and it would not be possible to correct the situation in the future.
What do you think? What will the coming year be like for the crypto community and you personally? Interested in learning more about DeFi and digital finance? Subscribe to our twitter channel.
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