![]() In the second half of 2023, Bitcoin will rise to $30K. ![]() Ripple losing its SEC lawsuit (possible in Q1, more on this below) may coincide with this final downdraft, which would take out nearly the entirety of the post-2020 halving bull market. With Bitcoin mining largely unprofitable given recent higher electricity prices and lower Bitcoin prices, we predict that many miners will restructure or merge. ![]() The MVIS ® Global Digital Assets Mining Index median market cap is now only $180M, with nearly all constituents burning cash and trading well below book value. Bitcoin will test $10-12K in Q1 amid a wave of miner bankruptcies, which will mark the low point of the crypto winter. Ethereum will enable withdrawals from the Beacon Chain.ġ.Total web3 monthly gamers will rise from 2M to 20M as multiple triple-A games come to market.Gary Gensler will leave the SEC, as proposed legislation fails to gain wide support.A new decentralized stablecoin will reach $1B in market cap.A nation, most likely one dependent on oil exports, will announce it is adding Bitcoin and other digital assets to its sovereign wealth fund.Twitter will bolster its payment offerings with state money licenses, competing more directly with Venmo and Cash App.Brazil will emerge as one of the most crypto friendly countries of the world and tokenize a portion of sovereign debt offerings on blockchain.Financial institutions will tokenize more than $10B in off-chain assets.Lower inflation, easing energy concerns, a possible truce in Ukraine, and a turnaround in M2 supply will power the start of a new bull market. In the second half of 2023, Bitcoin will rise to $30K.Bitcoin will test $10-12K in Q1 amid a wave of miner bankruptcies, which will mark the low point of the crypto winter.We explore why as we share here our top crypto predictions for 2023. We believe crypto’s financial disruption is here to stay. The “crypto winter” stole most of the digital asset headlines throughout 2022, and the year is closing out with a spate of rapid collapses and bankruptcies. The opinions expressed are those of the writer, subject to the InvestorPlace.Please note that VanEck may have a position(s) in the digital asset(s) described below. On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. ![]() Whether this thesis plays out exactly as intended is unknown, but LINK is definitely one of those cryptos to buy. This anticipated move is expected as the United States Dollar Index shows signs of topping out, which could signal a favorable upcoming six months for risk assets like cryptocurrencies.Īlso, as interest rates peak, we may see another “fight to safety” to other asset types, including crypto, as these risk-free yields dry up. The expected upside quoted by some is as high as 100%. Some crypto analysts predict that coins like LINK will undergo a significant rally. It’s showing promising signs for a bullish rally based on key metrics, including a 1,012% surge in exchange net flow, indicating a high volume of LINK moving out of exchanges, potentially due to staking incentives. The coin is experiencing an uptrend with a current price increase to $11.40, up by 3.40%. ![]() LINK has been on another hot run out of these cryptos to buy. Chainlink ( LINK-USD) is a decentralized oracle network that aims to connect smart contracts with data from the real world. ![]()
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