Top Crypto Predictions to Watch Out For in 2023By Deston NokesLast updated on May 10, 2023195861Table of ContentsCrypto Prediction #1: Heading for a Crypto Crash or an Exciting Climb?Crypto Prediction #2: A Lot More Investors Will Adopt Bitcoin Crypto Prediction #3: The First Spot Bitcoin ETF Could Get Approved Crypto Prediction #4: Moving Toward Decentralized Finance (DeFi)Crypto Prediction #5: Regulators Have Their Eye on Cryptocurrency View More

Will cryptocurrency soar, plummet, or tease investors along an unpredictable path for the foreseeable future? Will Bitcoin continue its volatility? Will regulation play a more significant role? Which type of cryptocurrency will be the best bet this coming year?

There are as many predictions as there are analysts charting the future of cryptocurrency.

Crypto continued its popularity in 2021. Crypto became accepted by Goldman Sachs. Coinbase debuted in April 2021 (the first major crypto company to go public), and the first U.S. exchange-traded fund linked to Bitcoin launched in October.

According to CNBC, the best-known cryptocurrency, Bitcoin, had a good year. The digital currency has been up nearly 70 percent since the start of 2021, driving the entire crypto market to a combined $2 trillion in value.

Looking at the future of cryptocurrency, if the past is any indication, investors in cryptocurrency are in for an exciting ride. Some interesting crypto predictions to watch out for in 2022 include:

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Crypto Prediction #1: Heading for a Crypto Crash or an Exciting Climb?

Cryptocurrency prices could fall further in 2022. They leaped to a record high of almost $69,000 in November, but they are now below $50,000, down nearly 30 percent from its high. Carol Alexander, a Sussex University professor of finance, expects Bitcoin to plummet to a low of $10,000 in 2022, which would erase most of its gains in the past year and a half.

Others don’t see a crash in 2022. Yuya Hasegawa, a crypto market analyst at Japanese digital asset exchange Bitbank, believes the most significant risk factor is [quantitative tapering] by the Fed. He thinks it has been decided and is probably priced in.

Sayantani Sanyal reported that many factors point to higher Bitcoin prices, namely greater acceptance by businesses in higher demand from Bitcoin ETFs. In Analytics Insight, Sanyal says that market analysts predict that Bitcoin could hit USD $100,000 by the end of 2023, and others say it can climb to the mark in the first quarter of 2022. Others write that Bitcoin won’t reach more than USD $70,000 by the end of 2022.

In short, crypto predictions are all over the place