“This is not the end of cryptosima”. What will happen to bitcoin in January 2023
At the end of 2022, the price of bitcoin updated the two -year minimum, dropping to $ 15,500. Since the beginning of the year, the first cryptocurrency has fallen in price by almost 64%. The co -founder of the Encry Foundation Roman Nekrasov explained why the cost of bitcoin could grow in January 2023.
Christmas rally did not work
Typically, on the eve of Christmas, bitcoin grows, and with it – and the whole crypto, Nekrasov noted. According to him, this is due to the overall increase in the expenses of American households, which before Christmas are more actively parting with savings.
“But this year, December was overshadowed by the consequences of FTX collapse, the markets are still shaking from inflation, changes in the key rate, geopolitical tension, and so on. These are factors that play against any growth-crypto-investors are actively withdrawing coins from centralized crypto-streaks and wait for who will fall next ”, – the expert explained.
According to Nekrasov, the slowdown of inflation in the United States and other factors indicate a high risk of recession, which can have a positive effect on bitcoin and cryptoinery. http://crypto-currency.website/where-to-buy-elongate-crypto/ In the case of a recession, there will be a decrease in energy demand and, accordingly, their cost.
“If the expenses of households for energy are reduced, then a certain amount of extra money will be released, expenses for other expenses will increase – some of them can go to cryptocurrency markets”, – added the co -founder of Encry Foundation.
Such a scenario can lead to the fact that already in January 2023, bitcoin will grow to $ 20,000, predicted Nekrasov. But, in his opinion, the asset is unlikely to be gained to gain a foothold at this level.
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