VanEck 🤝 2023 Crypto Outlook: Our Top 11 Predictions🧵
1. #Bitcoin will test $10-12K in Q1 amid a wave of miner bankruptcies, which will mark the low point of the #cryptowinter. ❄️
1. #Bitcoin will test $10-12K in Q1 amid a wave of miner bankruptcies, which will mark the low point of the #cryptowinter. ❄️
2. In the second half of 2023, #Bitcoin will rise to $30K. Lower inflation, easing energy concerns, a possible truce in Ukraine, and a turnaround in M2 supply will power the start of a new bull market. 🐂📈
3. Financial institutions will tokenize more than $10B in off-chain assets on #blockchain. ⛓🏦
4. Brazil will emerge as one of the most #crypto friendly countries of the world and tokenize a portion of sovereign debt offerings on #blockchain. 🇧🇷
5. Twitter will bolster its payment offerings with state money licenses, competing more directly with Venmo and Cash App. 💳
6. A nation, most likely one dependent on oil exports, will announce it is adding #Bitcoin and other #digitalassets to its sovereign wealth fund. 🛢
7. A new decentralized #stablecoin will reach $1B in market cap. 🪙
9. Gary Gensler will leave the #SEC, as proposed legislation fails to gain wide support. ✌️
10. Total #web3 monthly gamers will rise from 2M to 20M as multiple triple-A games come to market. 🎮
11. #Ethereum will enable withdrawals from the Beacon Chain. 🦇🔊
Read our full predictions blog here from Head of Digital Assets Research @matthew_sigel 📄: vaneck.com/us/en/blogs/di…
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