2022 was a horrible year for the crypto industry: the crash of the UST stablecoin, the bankruptcy of the FTX exchange, or the general fall in bitcoin prices. What lessons can we draw from all these events? Opinions diverge and range from the darkest pessimism to frenzied optimism.
In the game of predictions about the future of cryptocurrencies, commentators on the American continuous news channel CNN have very divergent opinions. Bitcoin, the symbol currency of this sector, was worth $47,000 at the start of 2022. It is now worth less than 17,000. It has lost nearly two-thirds of its value in one year. While some economists talk about “readjustment”, some journalists such as CNN’s Emily Parker openly ask the question: “Now who is going to save the cryptos? “. Others are less clear-cut in their opinion, without foreseeing any improvement in the situation.
Ms Parker’s colleagues Allison Hope and Jill Filipovic predict a gentle decline in the value of Bitcoin. According to these ladies, the price of BTC will reach, at most, $13,000 by the end of 2023. That said, for other reporters, the situation is set to improve. They therefore do not hesitate to predict a phenomenal rise in the price of Bitcoinby more than 500%: according to them, in 12 months, BTC could well be worth $103,000.
According to this journalist, the value of Bitcoin will take more than 500% in less than a year
At the moment, however, it is difficult to see the future of cryptocurrencies in pink. After the disappearance of FTX and the arrest of Sam Bankman-Fried, its CEO, on suspicion of fraud, Binance is now under investigation for money laundering silver. The world’s largest crypto exchange is also in the hot seat.
As recently as March 2022, Steve Wozniak predicted that the value of Bitcoin would hit $100,000. While at the time of this prediction, 1 BTC was trading for $40,000, bitcoin is currently only worth $17,000. Do not give too quickly wrong to the co-founder of Apple. In the field of blockchain, and cryptocurrencies in particular, everything is changing very quickly.
Source : CNN
