Mostly Volatile but Bullish Outlook: 10 Crypto Predictions for 2023 Bitcoin BTC crypto
1. One other major market crash might lead to BTC<$13K and ETH<$800 in H1 of 2023, possibly resulting from a combination of macro risk, some large crypto miner bankruptcy, a centralized crypto company bankruptcy , stablecoin issues whether it’s de-pegging or regulatory restrictions, security issues, and/or some sanction/lawsuit against a major player.
Thus, Bitcoin price may rise gradually to $20K, $25K, and $35K in 2023. Similar growth for ETH, especially as POS matures. Throughout 2023, newly developed crypto projects will keep building and delivering, so there might be small pumps here and there. However, it may take longer to fully boost and adopt. More stable economic conditions in 2023 than over the past few years as well as regulatory clarity for the Crypto industry could create a good foundation for future bull runs.
gives more hope to other Asian countries to follow the trend, as do for Middle East and South American countries who are already embracing crypto quite heavily. 8. SocialFi will keep building and prospering. SocialFi that could boost the monetization and gamification of social networking, to emphasize community ownership. In addition, there are emerging decentralized video and music platforms that allow the creator ownership economy to prosper. Which is essentially to build web3 applications on the success story of YouTube, TikTok, OnlyFans, Netflix, Spotify, etc.
10. The adoption of digital currency accelerates, more countries launch central bank digital currency , which could be a double-edged sword for Crypto. Recent and upcoming CBDC progresses/plans globally:2) Pakistan Launches New Laws to Expedite CBDC Launch By 2025.4) The Reserve Bank of Australia is expecting to complete its central bank digital currency pilot by mid-2023.
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