Investment Giant VanEck Announces 2023 Bitcoin Forecast! “First Fall, Then Rise!”

In a bear market dominated by bears cryptocurrencies and the market suffered greatly.

FTXwith the bankruptcy of , which fell to the level of $ 15,500. bitcointhe US inflation data came in lower than expected.

BTC With the announced data, it rose to $ 18,000.

While investors are hopeful with this price rise, the investment giant VanEck predicts that the picture will not be positive.

VanEck bitcoin your price, BTC He thinks he may be under pressure as some of his miners go bankrupt and this bankruptcy overshadows improving macroeconomic conditions.

Prepared a report on the price of BTC Matthew Sigel, Head of Digital Assets Research at VanEck ‘Bitcoin 2023 Outlook’ He wrote in his report:

“Bitcoin will test $10,000-12,000 in the first quarter amid a wave of miner bankruptcies that will mark the lowest point of the crypto winter.”

Matthew Sigel said that although Bitcoin may drop to $10,000 in the first quarter, he expects BTC to return to $30,000 in the second half of 2023.

“Low inflation, easing energy concerns, a possible ceasefire in Ukraine and a rollback in M2 supply will power the start of a new bull market.

Also, an oil exporting country will add the leading cryptocurrency Bitcoin to its sovereign wealth fund.”

Sigel pointed out that despite the increasing volatility in BTC and the falling prices of BTC and cryptocurrencies in general, the number of investors who hodl has increased.Although the damage rate is already high, the number of hodls is at a record level” said.

Apart from VanEck, the giant names of the sector are also related to the year 2023. bitcoin Share your predictions.
In this context, JP Morgan thought that BTC could drop to $13,000, while Standard Chartered announced that it expected BTC to drop to $5,000 in 2023.