Bitcoin price is around $17,700. That is higher than a month ago. Last month, the price of bitcoin was around $16,700. Though there are many critics of Bitcoin, the price is affected.
FTX case has caused the bearish price of all cryptocurrencies. Investors are doubt to buy more coins. However, this panic will not last long. The market recovers slowly.
In 2023, the world economy will suffer from inflation and an energy crisis. Ehm, I think the crisis is not natural because the price of crude oil is down today. Some governments try to force climate change policies by limiting the use of electricity. If the condition continues, many factories will collapse. Energy is vital for industries.
Climate change activists want to ban the use of oil. That is an irrational act. As long as the governments protect the people from human slavery, there will be no hard crisis.
Bitcoin is predicted to climb to $20,000, That will be good news for all crypto users. All coins will be dragged down by the bitcoin price.