3 Crypto Predictions for 2023

We are just a few months from the end of a disastrous year for crypto. After the markets did exceedingly well in 2020 and 2021, the crypto winter took hold, and it has been a long one. Very few investors have a risk appetite for cryptos at the moment. Instead, everyone is waiting on the sidelines to see what will happen next year in the crypto world. This article will make three crypto predictions about 2023, each more compelling than the last.

Making predictions about the crypto market is never easy. Tulipmania took hold of the Netherlands in the 1600s and is widely viewed as the first financial asset bubble, and many have likened it to the craze surrounding cryptocurrency. But even with the steep fall in the value of cryptocurrencies, one can argue that they have been great investments. When comparing the returns of major cryptocurrencies and solid stocks like Walmart (NYSE:WMT) and Coca-Cola (NYSE:KO), you see the merit of investing in cryptos. That’s why keeping an eye on crypto predictions is important.

Here are three key ones heading into the new year:

Bitcoin (BTC) Will Make a Comeback as the Dollar Cools Off

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The first cryptocurrency was Bitcoin (BTC-USD). It was created in 2009 by Satoshi Nakamoto. Bitcoin solved the “double spending” problem of digital assets (in which digital assets can easily be copied and thus counterfeit) through an ingenious combination of technologies. The result is a unique, immutable ledger that you cannot change without redoing the work done since the last “block” was completed, providing a reliable way for businesses to verify transactions.