• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On January 26, a new anti-American propaganda poster was unveiled in Revolution Square in downtown Tehran, the capital of Iran, on January 25 local time. The poster serves as a warning to the United States: do not launch a military strike against Iran. The poster depicts "several damaged aircraft on the deck of a US aircraft carrier" and is accompanied by the slogan in Persian and English: "Sow the wind, reap the storm."January 26th - The Fifth Session of the 14th Guangdong Provincial Peoples Congress opened this morning. The provincial government work report indicates that in 2026, Guangdong will allocate more funds and resources to people, strengthening inclusive, basic, and safety-net-oriented livelihood construction. In education, it will promote the expansion and quality improvement of basic education, adding more than 200,000 regular high school places and expanding the enrollment scale of high-quality undergraduate education. In social security, it will increase the basic pension for urban and rural residents and steadily promote provincial-level pooling of basic medical insurance. In healthcare, it will fully promote the "one-time registration for three days" outpatient service and deepen the mutual recognition of medical institution examination and testing results.On January 26th, it was reported that on January 23rd, the Haikou Municipal Bureau of Business Environment Construction and the Shenzhen Municipal Government Service and Data Management Bureau jointly signed the "Shenzhen-Haikou Government Service Cross-Provincial Interoperability Cooperation Agreement," marking a new stage in cross-regional collaboration of government services between the two cities and further supporting the coordinated development of the Hainan Free Trade Port and the Guangdong-Hong Kong-Macao Greater Bay Area. Next, Haikou will continue to deepen cooperation with the Shenzhen Municipal Government Service and Data Management Bureau, expand the scope of "cross-provincial interoperability" items, and improve the efficiency of collaborative services between the two cities. Plans include incorporating more high-frequency items into the "Shenzhen Xiao i" AI+ government service model, providing residents of both cities with intelligent assistance and "cross-provincial interoperability" services. Simultaneously, efforts will be made to promote the sharing and mutual recognition of reform measures such as "one license (certificate) for all," "de-physical photo processing," "centralized certificate production," and the global ID card system of "6 types and 10 cards," strengthening offline exchanges between government service departments in both cities, and enabling businesses and the public to truly enjoy more convenient and efficient cross-regional government services.On January 26th, a symposium on quality development within the national market supervision system was held in Nanning, Guangxi Zhuang Autonomous Region, from January 22nd to 23rd. The meeting summarized the quality work for 2025 and the 14th Five-Year Plan period, accurately grasped the new situation and requirements facing quality work in the new era, and deployed various tasks for 2026. 2026 is the first year of the 15th Five-Year Plan, and it is crucial to ensure a good start for quality development work on this new journey. National quality development work should be guided by the "Outline for Building a Quality Powerhouse," focusing on the "three strengths and one foundation" deployment for quality, improving the overall coordination mechanism for quality work, deepening the promotion of quality-driven enterprises, supply chains, and counties, accelerating the construction of modern quality infrastructure, quality governance systems and capabilities, enhancing basic quality technology capabilities, improving quality governance efficiency, and accelerating the construction of a quality powerhouse to lay a solid quality foundation for high-quality economic and social development.On January 26th, Moodys Analytics stated in a report that Australian consumer price data to be released on Wednesday is expected to show that the year-on-year overall inflation rate in December may have slowed to around 3% from 3.4% in November. The report stated that this was mainly driven by a favorable base effect in electricity prices and the normalization of holiday travel prices. However, the report added that food inflation and sticky price pressures generally present in the services sector are likely to keep core inflation around 3% to 3.2%, thus preventing a more significant decline.

Bitcoin: Brief History, Use Cases, and 2023 Price Forecast

Alina Haynes

Nov 24, 2022 14:47

 截屏2022-11-24 下午2.36.48.png

 

Bitcoin is a digital currency that is at the forefront of the present evolution of money, as its market capitalization is the greatest in the crypto world. Cryptocurrencies, including bitcoin, are transforming the concept of money into something that is more transparent and independent of traditional banks and other payment middlemen.

 

As a bitcoin fan, you likely wish to make significant financial decisions and require information about the potential price of bitcoin in 2023. It is easy to be torn between the viewpoints of whether now is the best moment to sell bitcoin out of fear of more price declines or acquire more bitcoin in anticipation of a future price increase. So far, we have examined Bitcoin's price history, the use cases that fuel its growth, and price forecasts for the future.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads as low as 0 pips and a commission rate of $3.50 per 100,000 USD traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

Bitcoin from Inception to Present

Bitcoin was created in 2008 and launched to the public in 2009 by an unidentified developer or group of developers using the alias Satoshi Nakamoto. Nobody owns or controls bitcoin because its source code and design are publicly available. To participate in the Bitcoin movement, you can purchase, mine, or trade the cryptocurrency.

 

Since its inception, this major cryptocurrency's price has increased significantly. The price of Bitcoin began at a preposterous $0 and has already reached an astounding all-time high of over $64,000. Every other cryptocurrency startup is envious and aspires to achieve such tremendous growth. This rise took 12 years, and it was certainly not a smooth ascent. There were numerous lows to highs and vice versa. The rise of Bitcoin is evidence that cryptocurrency satisfies a need for which there is a current and potentially soaring future demand.

 

A brief examination of Bitcoin's price history on CoinMarketCap reveals that this leading cryptocurrency experienced two notable price peaks, the first at $19,000+ in December 2017 and the second at $64,000+ in November 2021. As of November 2022, the Bitcoin price is significantly lower than its all-time high, ranging around $20,000 on average. Now is the time to speculate on the price of Bitcoin in 2023.

Bitcoin Forecasts for 2023

No one can absolutely guarantee the price of any cryptocurrency, including Bitcoin, in the future. We only have access to expert forecasts, which are calculated assumptions based on accurate historical price data.

 

According to CryptoPredictions.com, Bitcoin will reach a maximum price of $25,321 and a minimum price of $17,195 in the first quarter of 2023. In this quarter, we should anticipate a monthly average price of approximately $20,000 for all three months. In April of the first month of the second quarter of 2023, we anticipate Bitcoin's average price to be $20,266. The average price for the months of May and June is anticipated to be $20,271 and $20,273 respectively.

 

In July, August, and September, respectively, we anticipate a minimum price of $17,231, $17,236, and $17,218. The maximum price of Bitcoin is anticipated to range between $25,321 and $25,340 during these three months of the third quarter of 2023. The Bitcoin price forecast for the last quarter of 2023 is pretty comparable to that of the preceding quarters. The average price of Bitcoin is anticipated to be $20,243 in October, $20,225 in November, and $20,203 in December.

 

According to CryptoPredictions, the monthly minimum, maximum, and average Bitcoin prices for 2023 are very similar. When comparing the maximum and minimum monthly prices throughout the year, we anticipate a negligible (0%) monthly change in price. This indicates that we anticipate a relatively stable year for this leading cryptocurrency.