Bitcoin predictions for 2023

2022 has been an extremely bad year for crypto coins. The market capitalization of cryptocurrencies melted by $1.3 trillion last year, and Bitcoin, the world’s largest digital coin, lost more than 60 percent of its value in 2022. Bitcoin price predictions for 2023 may indicate that uncertainty prevails.

The crypto crisis, which started in early 2022, continued for the rest of the year. From the stablecoin project terra USD to the collapse of the crypto exchange FTX, there have been serious crises large and small. In addition, almost all crypto markets were caught off guard by the worsening macroeconomic climate. 2023 is expected to be another choppy year.

Technology Editor

The crypto crisis, which started in early 2022, continued for the rest of the year. From the stablecoin project terra USD to the collapse of the crypto exchange FTX, there have been serious crises large and small. In addition, almost all crypto markets were caught off guard by the worsening macroeconomic climate. 2023 is expected to be another choppy year.

Interest rates are rising around the world, putting pressure on stocks and risky assets like bitcoin. Investors are holding their ships full of money in safe havens instead of taking them out into this sea of risky and volatile macroeconomics. Experts’ Bitcoin predictions for 2023 may also be an indicator of this volatile structure because there is no clear opinion.

There are estimates from $ 250 thousand to $ 5 thousand

Renowned investor and advisorΒ Tim DraperΒ has once again presented his $250,000 Bitcoin prediction for 2023. He made the same prediction in 2022 and as of now, the value of the coin is $ 16,500. According to Draper, Bitcoin will gain 1400 percent value.

According to banking and financial services company Standard Chartered, it hasn’t gotten any worse for Bitcoin yet. According to the company, Bitcoin will melt 70 percent to $ 5,000 in 2023. Eric Robertsen, the bank’s head of global research, said, “More and more crypto companies and exchanges are facing insufficient liquidity, which leads to more bankruptcies and a collapse in investor confidence in digital assets.”

Senior investor Mark Mobius has been relatively successful in his price predictions. He said that the price of Bitcoin, which traded above $ 28,000 in May 2022, would fall to $ 20,000. According to Mobius, in 2023, the price level will be $ 10,000. Finally, according to Carol Alexander, a professor of finance at the University of Sussex, Bitcoin’s price will exceed $50,000 by the end of 2023.