With the end of the year just days away, crypto forecasts are getting strong. The connoisseurs (at least the majority) agree on one essential point: the price decline of Bitcoin in the coming months. The VanEck firm nonetheless adds an important element: the goal of tokenization in 2023. This fund manager reports that around $25 billion in off-chain assets will be tokenized over the next year.
A bullish trend in crypto price in the second half of 2023
“Why is 2023 the year to think differently about the market?” » That’s the topic of the latest webinar featuring executives from fund management company VanEck. This event took place on December 7th in collaboration with Eric Fine, a portfolio manager.
VanEck executives took the opportunity to do so give their opinion on the future of crypto. For example, according to Matthew Sigel, Bitcoin will definitely hit $10,000 in the coming days. The current head of digital asset research at VanEck nevertheless assumes that this price will rise significantly in the first half of 2023. There is talk of a maximum value of 30,000 US dollars.
Most notably, Matthew Sigel points out that institutions will play an important role in the price increase of crypto (and Bitcoin in particular).
Towards a democratization of tokenization
Despite the reluctance of some companies and lack of regulation, there is more and more enthusiasm for the blockchain. According to fund manager VanEck, the same craze would force institutions to focus more on crypto products. Matthew Sigel takes his forecast even further by saying that financial institutions will invest more than $25 billion in off-chain assets next year.
According to him, financial companies have a keen interest in exploitation the various crypto platforms. Not only to reduce costs, but also to simplify financial transactions. For its part, the VanEck company intends to offer more crypto products. In May he presented his first NFT collection.
After the recent events, there is a tendency to believe that crypto is falling into a deep and dark abyss. Some, like those in charge at VanEck, still think it’s possible to go up the slope. The jokers: financial institutions and states.
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My name is Ariela and I am 31 years old. I’ve been working in webwriting for 7 years now. I only discovered trading and cryptocurrency a few years ago. But it’s a universe that I’m very interested in. And the topics covered on the platform allow me to learn more. In my spare time I am a singer, but I also have a great passion for music and reading (and animals)!