Will we see digital currencies rise in 2023?
Some are calling for digital currencies to rise next year, and there are expectations that eventually there might be a digital dollar and other digital currencies rolled out. We have already seen one state or another toying with the idea, how far might this go in the near future? Digital currencies make it a lot more convenient when you are dealing with inflation, you don't have to carry around so much paper just to buy basic goods.
Are people supportive of a digital dollar though? There have been many critics to digital currencies even from US political leaders themselves who have warned against it. Will their pushback be enough to stop such a plan?
There isn't a lot of positive sentiment right now for digital currencies so they might have some serious marketing efforts ahead of them, or simple force? if they are going to get many to accept and start using this way of paying. As for the outlook for next year we have seen many suggest that we might be in for a few market surprises.
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This is not financial advice
Sources:
https://news.bitcoin.com/dollar-loses-to-digital-currencies-in-2023-former-russian-president-medvedev-says/
Thanks for the thought-provoking question! ☺️
There is so much adoption of cryptocurrency by large players, development of blockchain technology for various uses, and digital currencies are actually being funded for development by large banks right now. While I'm confident in cryptocurrency continuing to thrive, I'm even more confident in the proliferation of the underlying technology and its permanent use in the future.
There are so many things that are almost assured to happen, that will make crypto's become important next year.
Fiat currency collapses
Bank holidays
More inflation
Stock market scare
IRS crackdown
More people going anti-Infernal Revolting Syndicate
SWIFT system not being very swift anymore
All of these dominoes lined up.
It will be surprising if nothing happens. A miracle to say the least.
But we are also going to see a huge collapse in house and car markets.
Will that be good or bad for crypto?
And then, the FED-coin. Will it be forced down everyone's throat causing everyone to escape into bitcoin? or...
The bear market currently looks very strong, so probably it will lasts for many months. Maybe even for a few years. But we will see. I am prepared for a long bear market. If the bull market will come in the near future, then that will be a pleasant surprise.
Happy New Year.
Have a nice day and have a nice weekend.
All the best. Greetings and much love from Hungary.
Look at the new projects. Some launched on web3, but they still need to launch their token. The pseudo-bull in March or so will pump new ones as well.