Bitcoin (BTC): Here's How It Can Help Central Banks

With the end of the year just days away, crypto predictions are going strong. The connoisseurs (the majority in any case) have agreed on an essential point: the fall in the price of bitcoin in the coming months. The firm VanEck nevertheless adds an important element: the objective of tokenization in 2023. This fund manager reports about 25 billion dollars of off-chain assets tokenized next year.

During a webinar, the CEO of the firm VanEck spoke about the future of crypto

A bullish trend in the price of crypto in the second half of 2023

“Why is 2023 the Year to Think Differently About the Market?” » This is the topic of the latest webinar attended by executives from fund management firm VanEck. This event took place on December 7 in partnership with Eric Fine, a portfolio manager.

VanEck executives took the opportunity to have their say on the future of crypto. According to Matthew Sigel for example, bitcoin will definitely reach a value of $10,000 in the coming days. This current head of digital asset research at VanEck nevertheless maintains that this price will increase considerably in the first half of 2023. There is talk of a maximum value of $30,000.

Above all, Matthew Sigel points out that institutions will have an important role to play in increasing the price of crypto (and more specifically bitcoin).

Towards a democratization of tokenization

Despite the reluctance of some companies and the lack of regulation, there is growing enthusiasm for the blockchain. According to fund manager VanEck, this same craze would force institutions to focus more on crypto products. Matthew Sigel takes his forecast even further by stating that financial institutions will invest more than $25 billion in off-chain assets next year.

According to him, financial companies have every interest in exploiting the various crypto platforms. Not only to reduce costs, but also to simplify financial transactions. For its part, the firm VanEck intends to provide more crypto products. In May, he unveiled his first collection of NFTs.

Following the latest events, there is a tendency to believe that crypto is falling into a deep and dark abyss. Some, like the leaders of VanEck, nevertheless think that it is possible to go up the slope. The jokers: financial institutions and sovereigns.

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