To say 2022 was a rough time for crypto is an understatement. Following a long period of rising cryptocurrency prices and delighted investors, last year saw the arrival of a crypto winter that brought the Bitcoin price crashing down, bankrupted companies, and wiped over $1 trillion off the market, and that’s not even mentioning the collapse of FTX.
But what will 2023 bring? Analysts’ predictions vary wildly, from BTC almost quadrupling its previous record high and reaching $250,000 per coin as per billionaire venture capitalist Tim Draper, to Bitcoin crashing to $5,000, which would be its lowest price since 2019.
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