Are you curious about crypto? You’ve probably heard stories about people hitting it big by investing in Bitcoin or Ethereum, but there are equally as many horror stories as successful ones. That said, their freedom and ease of trade can make them valuable assets to those who know what they’re doing. Whatever financial decisions you make shouldn’t be taken lightly, and it’s always best to consult with advisors who actually know about investing. Nevertheless, the Internet can help clarify some doubts about cryptocurrencies you may be holding on to. Here, we’ve gathered the predictions for what the crypto market will look like in 2023.
The “bear market” will likely be over by 2023
Do you remember when you started hearing about people getting rich off cryptocurrencies? Their value skyrocketed in 2021 but suffered a massive crash in 2022, significantly reducing the number of investors. Fortunately, the decline period might be about to end.
Markets regularly go through periods of sustained loss, often called “bear market,” and crypto is no exception. During 2022, we saw a steady downward trend, but that may change in 2023. When you hit rock bottom, the only way to go is up.
