ryan on Nostr: 2022 was a dumpster fire 🗑️ 🔥 I think 2023 will be rough for first 6-9 ...
2022 was a dumpster fire 🗑️ 🔥
I think 2023 will be rough for first 6-9 months. Safe to expect a few more implosions in the crypto exchange and BTC mining industries, and in the broader economy asset prices to continue drifting lower. Then, fed pivot once recession becomes undeniable, and money printer starts up again in mid to late 2023. As a result asset including BTC finish 2023 modestly higher than they start the year. So mostly an accumulation year.
I think we should expect to wait until 2024/2025 for BTC price action to get really exciting again.
I think 2023 will be rough for first 6-9 months. Safe to expect a few more implosions in the crypto exchange and BTC mining industries, and in the broader economy asset prices to continue drifting lower. Then, fed pivot once recession becomes undeniable, and money printer starts up again in mid to late 2023. As a result asset including BTC finish 2023 modestly higher than they start the year. So mostly an accumulation year.
I think we should expect to wait until 2024/2025 for BTC price action to get really exciting again.