Forbes: Must Have Bitcoin and These 5 Altcoins in Your Cart!


Forecasts for crypto markets range from rising highs to falling lows. We have prepared high profile calls for Bitcoin prices in 2023.

Positive predictions for Bitcoin

Tim Draper has revised his $250,000 prediction that the Bitcoin price will happen in the middle of 2023. Alistair Milne, founder of Altana Digital Currency Fund, predicts that the price of Bitcoin will rise to $45,000 depending on what happens with inflation. Writing on Twitter, he said it was ‘basically [all in one]’, arguing that Bitcoin would once again prove its resilience. Both analysts point to the upcoming halving in 2024 as a key factor in 2023’s performance. This is where the reward for Bitcoin farming, a process coded to happen every four years, will be halved. Bitcoin halving counteracts inflation and keeps the amount of Bitcoin in circulation at a constant rate. Milne suggested that prices could reach huge highs of $300,000 by the end of next year, adding that ‘it was not the time to fall’. Draper suggested on Twitter that his prediction will “definitely come true before the halving”.

Bitcoin fans will definitely pay attention to these two predictions for the next few years. Carol Alexander, Professor of Finance at the University of Sussex, said that a Bitcoin price spike of $30,000 in the first half of 2023, eventually reaching $50,000 by the end of the year. Given his prediction that Bitcoin will bottom at $10,000 last year, many analysts take Alexander’s word as gospel. An elusive group of wallets that make up around 15% of the entire Bitcoin supply, according to BitInfoCharts, crypto whales have the potential to step in and save the day should the market need it. Eric Wall, CIO of crypto hedge fund Arcane Assets, said Bitcoin’s $15,400 price is a ‘bottom’ and predicts the price will ‘go above $30,000’. Calling for steady growth, these less bizarre numbers will be a relief for those watching crypto portfolio tanks in 2022.

Negative predictions made

Billionaire founder of Mobius Capital Partners, Mark Mobius, said in early December that Bitcoin will drop to $10,000 by 2023. His rationale is that the tightening monetary policy of the US Federal Reserve and rising interest rates will further shake up the Bitcoin market. Mobius predicted that in 2022, Bitcoin would drop to $20,000 when the price hits $28,000 in May. As a result, many see the veteran trader’s latest warning as a sure sign that the crypto winter isn’t over yet. Mobius’ forecast was echoed by VanEck Investments, where digital asset research head Matthew Sigel said Bitcoin will hit $10-12,000 in the first quarter. He cites higher energy prices and Ripple’s SEC litigation as key factors in the continued decline.

While not an exact crypto forecast, legendary investor Dr Michael Burry said we haven’t seen the latest peak of inflation. “In 2H 2023, we are likely to see CPI lower, possibly negative, and the US in recession by any definition,” Burry wrote on Twitter. The Fed will cut it and the government will encourage it. We will also experience another inflation spike,” he wrote. This could once again put pressure on the market by selling more investors and institutions. Inflation swept the crypto market in 2022, and it may do the same this year. Only time will tell whether this prediction will come true.

Bitcoin price drop is expected

Consumer bank Standard Chartered has predicted that Bitcoin prices will fall as low as $5,000. Eric Robertsen, the bank’s head of global research, made the call in December. ‘More and more crypto companies and exchanges are facing insufficient liquidity, leading to more bankruptcies and a collapse in investor confidence in digital assets.’ Robertsen ominously predicted that Bitcoin was ‘damaged’ by massive tech sales and falling share prices. Reaching $5,000 would be about 70% less than the current market price of $17,000. It’s not great for those with skin in the game, but it’s a potential opportunity for those looking to get into Bitcoin while prices are low.

The European Central Bank was even tougher in its forecasts. In November, he said that Bitcoin’s recent surge and volatility in 2022 is the final nail in the coffin for the cryptocurrency despite the rally in Q4. Ulrich Bindseil and Jürgen Schaaf said it was “the last breath of artificially incentivized before the road to irrelevance, and this was already predictable before FTX went bankrupt and sent bitcoin price well below $16,000.” cryptocoin.comAs we mentioned, Bitcoin is instantly traded at $ 16,750.

How should investors approach the market in 2023?

So what will crypto investors do with such broad predictions? Diversification is an option, but it doesn’t have exactly the same benefits as in traditional investment markets. In general, everything goes up when Bitcoin goes up. When Bitcoin falls, everything falls. Diversification only changes the amount your portfolio can fluctuate with, but when Bitcoin is the least volatile asset you have, you know it will be a bumpy ride no matter what.

You can also get the help of artificial intelligence. There is an AI-powered Crypto Kit that automatically adjusts the assets in the Kit every week, according to the predictions of AI. This could include holding a diversified mix of crypto assets through public trusts, which could include Bitcoin and Ethereum, as well as smaller cryptocurrencies such as Cardano, Solana, Uniswaps, and Litecoin.


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