3 Reasons 2023 Could Be a Big Year for Bitcoin
After a 59% return in 2020 and a 60% return in 2021, a 67% decline year to date clearly wasn't the type of performance that Bitcoin (CRYPTO: BTC) investors were expecting in 2022.
But as legendary investor Peter Lynch once stated, "The key to making money in stocks is to not get scared out of them." While Lynch was talking about the stock market at a time before cryptocurrency came along, his advice is equally prescient for crypto investors today. Many investors have sold their crypto holdings, including Bitcoin, during the current crypto winter, but for every seller there is a buyer, and their Bitcoin was purchased by long-term investors who have conviction in Bitcoin's future.
Rising interest rates and the end of monetary easing are the key culprits behind Bitcoin's pullback. However, the future may look a lot more like 2021 than 2022 for Bitcoin based on a number of recent developments. Here are three reasons why the year ahead could look a lot better for the top digital asset.
Source Fool.com
