Bitcoin price predictions happen to range anywhere from $5,000 to $250,000. Inflation is a key concept here. Some believe that this is finally the year that there could be a big rise in Bitcoin prices and you also have the fact that Bitcoin has halved as well. Sure, Bitcoin and crypto were one of the biggest losers for 2022 but that being said, there are some big changes that could be happening in the future.
The Fall of Terra Luna
Terra Luna ended up being worthless and if you look at Celsius then you will soon see that they have ended up going bankrupt. The founder for FTX has been arrested because of fraud charges and if you look at this time last year, you will see that Bitcoin is in fact flying high. Now however it is a third of what it once was. This has not damaged the spirit of investors though.
A lot of them are hoping that the coin is going to make a comeback and that this is going to be on the cards for 2023. That being said, the rise may not be enough for people to claw back their losses. Some are predicting that it is going to crash harder than ever.
The Future of Bitcoin in the Casino World
Some are saying that Bitcoin is going to vanish forever but right now it is safe to say that Bitcoin is not following the market playbook. Predictions appear to be ranging from highs to lows. That being said, one thing that could turn the tide would be Bitcoin casinos. If you want to choose the best Bitcoin casinos then this is now easier than ever before due to the widespread adoption of the currency.
Casinos are spurring Bitcoin growth and this was one of the first industries to accept it as a currency. Now things are changing and even though casinos are helping to bolster the growth, it looks like the coin is not quite hitting the predictions that people have for it. A lot of this could come down to people having higher expectations but that being said, there are some high-profile calls. If you want to find out more then the only thing that you have to do is take a look below.
The Good News So Far
Investor Tim Draper has come out to say that his original prediction of Bitcoin was $250,000. He has changed this now and said he’d be surprised if it hit this amount. He has been a long-term supporter of Bitcoin for quite some time and he has said that the coin is expected to grow. The unfortunate reality is that even though he is a crypto optimist, he believes that the retail market is holding the coin back. Women, who make up 80% of the retail market appear to be slow to adopt the coin and this is working against the sector.
Alistair Milne who is the founder of the Digital Currency Fund has predicted that the price of the coin is going to surpass $45,000. This depends on what is going to happen with inflation though. He has taken to Twitter to voice his views and he has said that he is going all-in. He has said that Bitcoin is going to be more resilient than ever before and that he has high hopes for it going forward.
Both men have said that the halving in 2024 is going to play a major part in how the coin performs in the coming year. He has said that the farming for Bitcoin is going to spur on the growth and with the halving happening every four years, this is going to have a monumental impact on what happens next.
Impossible to Predict
As with anything, it is impossible to predict what the future holds for Bitcoin but right now it seems that the sector is slowing in terms of growth. A lot of people are hopeful that this is going to change but it doesn’t look to be the case. Sure, certain industries could adopt the currency and this could speed things up a bit, but it’s unlikely. The coin is growing but not at the rates that were originally predicted, and this is holding back the sector overall. Only time will tell what the future holds for Bitcoin but right now there are not enough sectors backing the coin to ensure the growth that was originally anticipated.