What will be the future of cryptocurrencies? [Predicciones 2023]


It is undeniable that 2022 has been one of the worst years in the history of cryptocurrencies, especially after a brilliant 2021 in which prices reached record highs. Since January, the price of cryptocurrencies has fallen to levels not seen in years. Will this trend continue in 2023 or can we expect a resurgence? We tell you about it in today’s video:

First of all, it should be made clear that trying to predict the movements of such a highly volatile market as cryptocurrencies is impossible. Even so, economic developments and the global situation allow us to get a general idea of what is most logical to expect.

It looks like 2023 will be a difficult year to say the least for cryptocurrencies, but if they survive, new all-time highs may be reached in the medium term

But before we venture into the possible scenarios of 2023, one must remember another critical period for cryptocurrencies.: the years 2017 and 2018. At the end of 2017, Bitcoin, after a very rapid and meteoric rise, reached a price close to $20,000 per unit, something completely unheard of. But a few months later, in February, Bitcoin was priced at $3,000.

This rise and fall was not exclusive to Bitcoin, but was contagious to the entire market, which lost about 90% of its value in a very short period of time after being at record highs.

The parallels with the current situation are more than obvious. Following this model, we can expect a 2023 in which cryptocurrencies continue to crawl, with a sideways movement at best. Especially considering that the rest of the markets are very touched and that cryptos have shown that their wellbeing depends on the good health of other areas of the economy.

However, it is not out of the question that, in the medium term, cryptos will regain their splendor (as long as no more famous exchanges sink) and the cycle of all-time highs-fall-new all-time highs repeats itself.which would imply that 2023 is a good time to select where to buy cryptocurrencies before new peaks. Although, on the other hand, it is worth keeping in mind that past behavior does not ensure future behavior.

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