Coin Bureau reveals interesting info about the potential 2023 crypto outlook. Check out what they have to say about all this below.
At the moment of writing this article, the crypto market looks good at the beginning of this weekend. Bitcoin and other important coins are trading in the green.
What’s ahead for the crypto space?
The host of the popular crypto YouTube channel Coin Bureau is expressing bullish sentiment for crypto in 2023.
As the online publication the Daily Hodl notes, in a new interview with crypto personality Benjamin Cowen, Coin Bureau’s Guy Turner says that the earliest crypto assets could start recovering from the bear market is either late in the July-to-September quarter or early in the October-to-December quarter.
“I would hope that we’ll be starting to see green shoots, starting to see signs of a recovery towards the end of the year. Maybe sort of late Q3, early Q4. But that would be you know at the very earliest for that.”
He also said that the crypto prices are likely to reach new local lows first this year, possibly before April, prior to market recovery.
“I am expecting that we are going to see new lows probably in the first quarter would be my best guess.”
He continued and pointed out the following:
“I think we’ve got that to look forward to and then probably in terms of price action, I would imagine a fair amount of trading sideways really for the rest of the year.”
The host notes that 2023 will be marked by slow accumulation and is unlikely to turn out to be a “spectacularly interesting year.”
In other recent news, it’s been just revealed that BlackRock just added Bitcoin to its list of assets for the Global Allocation Fund. Check out the latest reports below. Just in case you don’t know, BlackRock, Inc. is an American multi-national investment company based in New York City.