How about 300% gains? BTC in 2023 may surprise 'most' hodlers, says RektCapital.
Bitcoin net unrealized profit/loss ratio annotated chart. Source: Games of Trades/ TwitterGiven the current macroeconomic environment, however, rising from the ashes may demand considerable luck when it comes to suppressed cryptoasset prices.With the United States Federal Reserve still raising interest rates as inflation abates, concerns now focus on long-term policy implications.
What could afflict sentiment next, analysts including Reventure Consulting founder and CEO Nick Gerli say, is not inflation, but deflation. on a chart of U.S. savings trends, Gerli this week warned that conditions were ripe for a repeat of the 2008 Global Financial Crisis in terms of recession.“Means Americans are running out of money. Last time it was this low was 2006-07. Right before GFC. Major Recession Warning. Expect a big decline in consumer spending in 2023.”Jan. 12 will see the first U.S.
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