My outlook for Bitcoin in 2023
I have said before many times that I believe Bitcoin is on borrowed time. I don't believe it can serve the purpose of peer to peer digital cash at a global scale for many reasons (lack of privacy, fungibility) I will explain in detail within a later post.
If you have not yet read this post from Gavin Andresen, it pretty much sums up what I think may happen in the future: http://gavinandresen.ninja/a-possible-btc-future..
With all that said, I still believe Bitcoin will probably be more valuable in the future than it is today. I think it has likely seen the lows of this cycle and will slowly grind its way back up over the next year. Personally I'd be surprised to see a new ATH this year, I don't expect that to happen till 2024.
What do you guys think will happen this year?
https://twitter.com/thejohalfiles/status/1609936048020389888?s=20&t=NCZmh-wawKrXkx5WItwMIQ
My guess is quite similar to yours. If we are really lucky, maybe $100,000. The 4 year historical trend would have to be broken then.
This year offers several opportunities. I wouldn't be shocked to see anything new this year. We hope that the hive ecosystem will improve. Happy new year @thejohalfiles.
I'm still optimistic but I admit I'm not as optimistic as I've been in the past.