Bitcoin (BTC) Price in 2023 Will it be the Hard Money

Nothing changed Michael Saylor’s attitude towards Bitcoin (BTC) in 2023. Worth Remembering, Saylor proved the “I’m never selling BTC” talk by buying more after selling BTC for a tax write off.

On January 01, 2023, Michael Saylor tweeted: “Bitcoin is Hard Money.”

Below are Statements from Other Bitcoin Believers: 

“Diamonds were nothing more than carbon, but carbon in a crystal lattice that made it the hardest known mineral in nature. That was the way we all were headed. I was sure of it. We were destined to be diamonds!” ― Alan Bradley on #bitcoin.

Bitcoin will bloom again in 2023.  However, investors need to know how to make profits even during downtrends. The digital asset’s price had gone down below $17,000 causing investors to believe that the bear market has come to stay. Most investors have been hit the most by panic selloffs.

The fact that Bitcoin survived 2022 is proof that it is set to be hard money. It is again true that whenever possible it is important to take the opportunity to stack as much BTC as possible when the price goes down at insane bargain price and HODL. Time will tell whether BTC holders were smarter or not.  In 3 years from now the price of BTC is going to be huge.

Bitcoin is ethical money, which offers a fair protocol to everyone in this world that is what you own is yours and nobody can take it from you. The fact that it requires a decentralized network and the PoW makes it hard money. BTC is one of the greatest financial instruments in history to democratization of data and decentralization backing it. More adoption is set to come when people realize the potential of BTC.

Believers continue to Dollar Cost Average (DCA) and they are hoping to see BTC return high values and good buying power in the future. Bitcoin will double and due to the market sentiment – no one is hoping it will happen.  Good time to stack by those who have money to invest. Those who HODL Bitcoin through worse years will enjoy a decent corpus in the future in proportion to how much they decided to HOLD.

In 2015, BTC bottomed 26 months, AFTER halving. In 2018, BTC bottomed 29 months, AFTER halving. In 2022, BTC is already at 32 months, AFTER halving. We are moving towards the next halving.