- VanEck released 11 crypto predictions for 2023.
- Bitcoin is predicted to test $10-12k dollars and rise to $30K by the second half of 2023.
- The prediction also states that Ripple will lose the SEC lawsuit.
ETF and mutual fund manager VanEck recently released 11 crypto predictions for 2023. The predictions cover a wide variety of realms, including price development and many others.
The first prediction VanEck made was regarding the price of Bitcoin. They stated that Bitcoin will test $10–12K in Q1, which will be the lowest point of the crypto winter. They also mentioned that in the second half of 2023, Bitcoin will rise to $30,000. This, according to VanEck, will be possible due to lower inflation, easing energy concerns, and a possible truce in Ukraine.
VanEck also mentioned in its prediction that financial institutions will tokenize more than $10 billion in off-chain assets. Another interesting prediction was that Brazil would emerge as one of the most crypto-friendly nations globally. They also predicted that Brazil will tokenize a portion of its sovereign debt offerings on the blockchain.
Concerning Twitter, it was stated that the social media platform will expand its payment offerings with state money licenses, posing direct competition to Venmo and Cash App. In one of the other predictions, VanEck also stated that a nation that is mostly dependent on oil exports will announce the addition of Bitcoin and other digital assets to its sovereign wealth fund.
Another interesting prediction was about the ongoing Ripple vs. SEC lawsuit. The prediction states that Ripple will lose the lawsuit. VanEck also mentioned that Gary Gensler will leave the SEC as his proposed legislation fails to gain wide support.
The prediction also speaks about the rise in the total number of web3 monthly gamers from 2 million to 20 million. Additionally, the fund manager also predicted that Ethereum will enable withdrawals from the beacon chain.