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Reuters report December 12, 2022:
“While bitcoin may still test a potential low of $10,000-$12,000, it could recover to $30,000 in the second half of 2023, according to Matthew Sigel, VanEck’s head of digital assets research.”
“Most big banks and investment managers expect the cryptocurrency market to pick up in 2023.”
“Market concentration (in crypto exchanges) is greater than ever, with Binance being the biggest winner.”
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MARION LABOURE, RESEARCH ANALYST, DEUTSCHE BANK:
“Although investors have suffered significant losses, we believe this second ‘crypto winter’ will be a net positive because the FTX collapse will edge the crypto ecosystem closer to the established financial sector.”
J.P.MORGAN:
“We believe that the Ethereum Merge and really the Ethereum Surge could be a big factor in terms of increasing the use-cases for blockchain into new areas, including financial services.”
“We continue to see the Ethereum Surge as a catalyst for development in the cryptocurrency markets, which appears at least 6–12 months away.”
TOM NORWOOD, CO-FOUNDER AND CEO, LOOP MARKETS:
“Demand for bitcoin should continue to grow regardless of market conditions as it is still better than most currencies in that it at least has a good chance of going up eventually, whereas most currencies are just going to depreciate over time.”
Norwood expects the crypto market to pick up in about six months.
“I think that’s going to have to come from real world adoption by retail users who are not buying crypto to gamble on new tokens, but rather who need to exit their local Fiat currency.”
The cryptoverse is secure. The 2022 collapses, though unfortunate, serve as a reminder that honesty still pays and greed still hurts people.
Persistent patience is the key to your financial freedom. There are sunny days ahead in the cryptoverse. Do not lose hope and leave the space.
The cryptoverse is here to stay, and it could be for you. Follow along as I learn; you will learn, and together, we can explore the cryptoverse.
Disclaimer: I am an avid student of all things crypto. The cryptoverse caught my attention when COVID-19 captured the world and locked down the global economy. Since then, I have dedicated a portion of my time to learn about this currency — the currency of the future — and international business. As a writer, I have determined to journal my discoveries. I have chosen to write them in short, bite-sized articles to help anyone interested in learning about this space. These articles are not written in cryptoese or investments but are easy-to-understand articles. I am not offering advice, simply the information I discovered on my unexpected journey into the cryptoverse. There could be something for the seasoned investor to glean from reading, but my focus is on the crypto-curious.
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