Key lessons from Bitcoin [BTC] in 2022 and what to expect in 2023

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Key lessons from Bitcoin [BTC] in 2022 and what to expect in 2023
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Navigating the world of Bitcoin and cryptocurrencies, in general, has been a rough rollercoaster in 2022. That chapter is now closed and we have now entered into new unchartered territory. Every crypto enthusiast and their dog are now wondering whether 2023 will bring good tidings or whether it will turn out worse than 2022. While […]

and cryptocurrencies, in general, has been a rough rollercoaster in 2022. That chapter is now closed and we have now entered into new unchartered territory. Every crypto enthusiast and their dog are now wondering whether 2023 will bring good tidings or whether it will turn out worse than 2022.

Numerous factors and events in the last three years stressed the global economy and pushed major economies in the blink of a recession. The COVID pandemic affected global trade and placed a lot of stress on the global economy. People had invested heavily in BTC using cheap funds available at low-interest rates. But the government’s plan to fight inflation involved raising interest rates as part of its strategy to mop up the excess liquidity.

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