Bitcoin could drop to $10,000 by 2023 as the Fed normalizes interest rate policy

[cryptomaniac_xxx]

It is difficult to predict accurately that the price of bitcoin will drop to $10k in 2023 as the Fed wants to normalize interest rates. Although everything is still possible in the crypto world. It's better now to use the opportunity to collect more bitcoins when the price drops and sell when the price is high without having to bother thinking about future predictions that will not necessarily happen as predicted by some experts.

Well if we can see at the latest CPI report, the crypto market reacted negatively, as the anticipated fed rate hike numbers is higher that what they are predicted.

But in any case, there are still crypto investors who think that this is bullish in the long run. This is just like what the price hits lows of $3k during the covid-19 announcement. So now we have the inflation monthly report being the most anticipated news coming from the Feds. Not only for crypto but for Nasdaq as well as we have some correlations on it. So if by 2023, the price plunges to $10k, imagine what will it be for the blue chip stocks and other assets. We might be in another year wherein everyone is suffering, prices of basic commodities going up. But we should remain steady in this crypto market, as we are anticipating another bull run in 2024-2025.

[buwaytress]

New rate for I bonds is Oct 1 2022. at least 8.3%

what is up next to crash?

BTC?
ETH?
USDT?
USDC?

the unrelenting pressure of 8 and 9 % perfectly pegged I bond will hurt all of crypto bigly.

I definitely think there is a lot of hidden or as yet unconsidered risks for big, big stablecoins to get kicked in the teeth, especially with the dollar gunning already for ATHs vs big currencies: euro, pound, even in Southeast Asia.

Now the last time I saw dollar this strong was in my teens, when I first got online and started earning money. Just a year or two after that, we hit the biggest financial crisis I'd ever seen. Things were really, really bad. People couldn't buy anything in terms of investment and everyone went to buy USD.

I see some sense in saying the same here for retail. People will be lining up to buy those bonds, those who can, or on behalf of. And they'll stop putting money into crypto, gold, etc.

The good news? We went through a huge period of growth on the back of that crisis, gold and stockmarkets went on an unrelenting rally lasting more or less till now. Only, it did take about 7 years after the crisis.

I'm prepared to wait that long for BTC!