If you think you can see the future, wait until you enter the crypto realm. Here, nothing is assured. However, that doesn’t mean you can’t have a jab at the guessing game. And this time I’m joining the hiveghana members to see what the future of crypto will look like before the end of this year. In this article, I will talk about how the crypto market won’t only be in the green, but there comes with it intense tension due to some eventualities and happenings in the space.
One that you’ve heard countless times if you’ve been following the crypto space closely is the Bitcoin halvingevent. This won’t be happening until next year. However, that doesn’t mean holders won’t be preparing for the inevitable, which is to hoard more tokens before the traders start getting the snooze of a bull market.
Just as history always repeats itself, the 4-year Bitcoin halving is always something we’ve never been able to put away when making predictions for the future of cryptocurrency. And this time April 2024 is the next one, making 2023 a year to accumulate and the end of 2023 is the best time to see large buy-in from whales of different kinds.
If you remember the last bull run. The bull rally started around mid-2020 up to late 2021. This time, if the stats are correct, then we’ll be seeing ourselves entering into the realm of the bull by 2024, probably after the halving. But at the end of the year, it’s going to be green and a kind of pre-bull aura everywhere in the crypto space.
So enough about what will happen next year and focus on the year-end.
As we all that crypto isn’t going away, many analysts like to say. That doesn’t imply that we would be able to hold the highest fractional share of the pie. It’s rare to see any average Joe own more than 10 BTC. But the big institutions and corporations, have played the money game long enough to know that you need to be the highest bidder or holder to see get the highest share of the pie. When I mean we, I mean you and me.
The reason is that the average Joe can’t afford to drive the price up with his small buys. This is why institutional buy-in will be what will make the end of 2023 the last time for any market manipulation, because by then many of these whales would’ve secured the highest bidder rank and left the crumbles for joes and traders to play with pending the rally. Another thing to consider is that AI is making its way into crypto trading and this means more accurate trading and fewer errors from traders, but also that means no one will be able to manipulate the market like before, so 2023 might just be the end of pumps and dumps plus whales market manipulation. So green is inevitable after the highest bidder isn’t selling his share and traders are getting smarter with AIs
And talking about pumps and dumps. My advice for traders looking to buy into the meme pumps and dumps is that they should not be putting much hope into them, like we’ve seen memes performed in the last crypto rallies.
Micro strategy as we all know is pulling up a whole chunk of bitcoin over the last couple of months and weeks. This time they are buying aggressively and what that implies is that they are not the only ones, they know who they are racing against even if many are not aware of that. Big money will be in a face-off with other big money corporations hoping to share the crypto pie. Even the largest ones are hoping to sneak an ETF behind us.
These corporations are just a face to a full number of circles hoping to dominate the crypto world with their money.
However, that may sound to many. We can’t deny the rich from getting rich. Not when we can be one of them by making sure our bags are filled before the end of 2023.
Anyway, that’s just a tip.
Another thing to hit the crypto world is the regulatory system that’s being preached everywhere. Not only in the United States. Today, many countries are taking sides with the US I think, even without having clear knowledge of what it is they are losing out on. But one thing is for sure.
Before the end of the year, we’ll start seeing more countries becoming strict on regulations because in preparing for the crypto inevitable pump and also with rising inflation and unemployment rate on the rise, many people won’t be able to adhere to most financial responsibilities imposed by the governments. Most people barely have enough resources that can last for one month. And this means that crypto taxes would become a game of chess before the end of the year because people are getting smarter with crypto and regulations.
Many will even travel from their home if that will mean less to zero taxation and regulations.
Automatically, governments would see a decline in taxpayers just as they are already seeing currently with many people becoming more self-employed daily.
As many people hope to escape the tax system. The only available alternative to truly escape the matrix would be crypto and anyone not gets on board before the year ends might lose out on a lot of potential, when I mean potential, I’m not talking about buying memes with zero potential, but potential like seeing BTC below 30k or Hive below $1.
My prediction is that this time many whales are looking into real projects with use cases enough to not only secure their profit but also be able to stand their ground eventually and the end of 2023 will be when they make their biggest moves on them making us all looking green ASF.
However, this time it’s not going to be a spray and pray rally but a selected rally of real utility projects and tokens, which is why I see Hive in a great spot for both the end of the year and next year and also decades from now. And if you ask my predictions for Hive, it’s $0.8 by the end of 2023.
Whichever way you see it, the year-end will be green for crypto at large especially the ones with real utilities.
until next time
image was created using Canva
