Matthew Sigel predicted BTC might fall to the $10,000 and $12,000 range in Q1 2023.
MVIS Global Digital Assets Mining Index’s average market cap is only $180 million.
There is a lot of speculation surrounding the world’s most popular cryptocurrency, Bitcoin. Ark Invest’s Cathie Wood predicted that BTC will reach the $100,000 mark by 2030. That might or might not happen. Meanwhile, rumors are circulating that BTC might touch the $12,000 mark. Matthew Sigel, head of digital assets research at VanEck, predicted wild fluctuation saying that it may fall between $10,000 and $12,000 in the first quarter of next year.
Sigel feels that the unprofitability of BTC mining, which is causing miners to either cut costs or file for bankruptcy, shall trigger the crash as most miners are leaving the sector due to a trifecta of problems – rising energy prices, increasing difficulty, and Bitcoin’s low price.
“Bitcoin will test $10,000 – $12,000 in Q1 amid a wave of miner bankruptcies,
We współpracy z: https://www.thecoinrepublic.com/2022/12/26/btc-to-drop-to-10000-before-erupting-200-vaneck/
