Key takeaways
- Bitcoin price predictions range from $250,000 all the way down to $5,000.
- Inflation is a key factor in Bitcoin’s price in 2023.
- Some believe that this year could precede a big rise in Bitcoin prices next year with Bitcoin halving.
We all know crypto was the big loser of 2022. Terra Luna ended up being worthless, Celsius went bankrupt and FTX’s founder was arrested on alleged fraud charges. This time last year, Bitcoin was flying high at almost $46,000. Now, it’s only around a third of that valuation.
That hasn’t dampened the spirits of die-hard Bitcoin investors. Many are hoping a comeback is on the cards in 2023 to claw back losses. Others are predicting more crashes even worse than what 2022 saw. Some are even saying Bitcoin will disappear forever.
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