Bitcoins

Jakarta, CNBC Indonesia – 2022 has passed and we will now welcome 2023. As we enter 2023, there are several projections for the future, one of which is the fate of cryptocurrencies.

In 2022, cryptocurrencies seem to have made a 360-degree turn with the conditions of 2021, where cryptocurrencies had experienced their heyday in 2021. But in 2022, cryptocurrencies actually experienced a bad time due to several bankruptcies of crypto companies.

However, as in previous years, there were many optimistic opinions (bullish) or pessimistic (bearish) about the future of cryptocurrencies and what cryptocurrencies will look like in the coming year.

Some observers believe 2023 could be a turnaround period after languishing throughout 2022, but some think the period bearish will continue in 2023.

Regardless of the point of view of the debate bullish and bearish which is always the case among observers in crypto assets. There are interesting projections that it will be present in the cryptocurrency sector in 2023.

Here is a projection or prospect crypto in 2023 according to the opinion of some observers.

1.JP Morgan

United States (US) investment firm, JP Morgan believes that the presence of crypto projects such as Ethereum is a major factor in increasing usage blockchain.

“We believe there is a merger of Ethereum and a process update next is Surge Ethereum can be a big factor in terms of improving use cases blockchain into new areas, including financial services,” JP Morgan analysts said.

2. Matthew Sigel (Vaneck)

According to a Vaneck analyst, Matthew Sigel, predicting that Bitcoin could increase up to USD 30,000 and could also potentially decrease from USD 10,000 to USD 12,000.

In addition, there are Sigel’s predictions in the future, such as Bitcoin price predictions, the potential for great interest in the technology blockchainand the adoption of cryptocurrencies e stable coins.

“Institutions are expected to use blockchain to simplify storage and settlement while reducing costs for customers in the near future. Meanwhile, with inflation persisting, Latin America is seeing the fastest adoption of cryptocurrencies and stablecoins around the world,” the analysis states. .

3. Tom Norwood (Ring Markets)

Loop Markets co-founder and CEO Tom Norwood expects demand for bitcoin to grow and expects the cryptocurrency market to recover in about six months.

“Demand for Bitcoin should continue to grow regardless of market conditions because it is still better than most currencies because it has at least a good chance of going up. While most currencies will only depreciate over time. Also, I think adoption of cryptocurrencies will grow later,” he said in a statement.

4. Goldman Sachs

The largest investment firm in the US, Goldman Sachs, said any catastrophic event by FTX would bring close scrutiny from regulators.

“FTX’s crisis over the current cryptocurrency market crash is a major opportunity for potential intense regulatory scrutiny in the coming months,” the statement said.