Bitcoin will surge in 2023 — but be careful what you wish for
Depending on who you listen to, Bitcoin’s price is headed for either $3,500 or $1 million in the year ahead. The Bitcoin (BTC) community is divided about whether the token's price is going to surge or crash in the year ahead. A majority of analysts and technical indicators suggest it could bottom between $12,000 and $16,000 in the months to come. This correlates with a volatile macroeconomic environment, stock prices, inflation, Federal Reserve data and (at least according to Elon Musk) a possible recession that could last until 2024.On the other side, influencers, BTC maximalists and a....
Related News
From inflation to energy shortages and general instability, markets are set for a turbulent year ahead. Those who come bearing warnings are rarely popular. Cassandra didn’t do herself any favors when she told her fellow Trojans to beware of the Greeks and their wooden horse. But, with financial markets facing unprecedented turbulence, it’s important to take a hard look at economic realities.Analysts agree markets face serious headwinds. The International Monetary Fund has forecast that one-third of the world’s economy will be in recession in 2023. Energy is in high demand and short supply,....
A critic on Reddit believes that the recent surge in Bitcoin prices, which broke above critical resistance levels registered in July 2023 and reached 2023 highs, may be partially attributed to the United States Securities and Exchange Commission’s (SEC) potential intimidation by BlackRock’s significant influence in Wall Street. Reddit User Questions The Influence Of BlackRock On Bitcoin […]
In the next three days, our team at Bitcoinist will cover xDay 2023, an event organized by MultiversX in the Palace of Parliament, Romania. Formerly known as Elrond, the project rebranded in 2022 and focused on the Metaverse, one of the hottest trends in crypto. Related Reading: xDay 2023 Day 1: How MultiversX Is Bridging […]
In the next three days, our team at Bitcoinist will cover xDay 2023, an event organized by MultiversX in the Palace of Parliament, Romania. Formerly known as Elrond, the project rebranded in 2022 to focus on the Metaverse, one of the hottest trends in crypto. Related Reading: xDay 2023 Day 2: Google And MultiversX Join […]
The price of Solana (SOL) has continued to enjoy a steady recovery after going down nearly 95% in 2022, partly due to its association with Sam Bankman-Fried and his collapsed ventures, FTX and Alameda Research. Solana’s Price Surges 100% In Q1 2023 In the first quarter of 2023, Solana’s price experienced a significant surge of 104%, reaching approximately $20.60 per SOL. This growth rate outperformed every other cryptocurrency in the top 25, including Bitcoin BTC ($27,946) and Ether ETH ($1,849). Solana’s price performance in January 2023 surpassed any other month since....