What are the Prospects for Bitcoin, Metaverse and NFT in 2023?
Bitcoin and crypto will experience a “winter season” in 2022. But in 2023, bitcoin is interesting to watch because it will enter the next bitcoin halving day which has the potential to boost prices. As is known, during the previous three halving days bitcoin moved very high and the most appropriate time to buy bitcoin was a year earlier for the halving this time means in 2023.
In 2023 bitcoin has the potential to enter a saturation phase of the price decline that has occurred since the beginning of 2022 and then has the potential to be followed by a period of upward correction marked by welcoming the halving day in 2024. Halving day is a reduction in the supply of bitcoin by half in mining that occurs every four years very. Halving day also allows the price of bitcoin to rise due to limited supply and increased demand.
Usually in 2023 there will be a price adjustment towards the next bitcoin halving. When bitcoin rises, it will be followed by other cryptos which will develop very positively. I predict that the bitcoin bullrun will occur in 2024, but the right year to return to accumulating crypto is in 2023. Because the year after that, the price of bitcoin has the potential to climb too high again.
Not only related to crypto, blockchain technology will still be very interesting to develop. Even in 2023, blockchain technology will evolve not only in the financial sector but also in other industries.
People will be busy talking about DeFi (Decentralize Finance). In 2023, DeFi will become even more popular because blockchain technology will become more user-friendly. The biggest challenge in blockchain technology when it was first developing in 2009 until 5 or 10 years later was in its user friendliness.
Until now there are still many people who don’t know about metamask or decentralize wallet or blockchain software. However, many people believe in the next year this technology will continue to evolve to become increasingly easy.
Not only blockchain, the metaverse will also increasingly take off and the infrastructure will become more mature so that it will be easier for people to do activities in the metaverse. The concept of blockchain in the health sector is also growing. Like how hospitals can use blockchain technology to keep track of patient records.
One of the crypto ecosystems, namely Non-Fungible Token (NFT), will take off if the NFT has clear functions and uses in society.
I think NFT first emerged as an intellectual property for printmaking. NFT continues to grow and now NFT leads to intellectual property in the field of music. NFT continues to grow, even from a graphical perspective, it enters the metaverse.
However, if NFT is only an intellectual property, it will be quite difficult to take off because its real function has not yet been seen. However, if we look at the development of NFT, we are quite optimistic with the note that as long as the metaverse exists, NFT will play a big role.
Or if the NFT is a representative of something, for example the NFT is a representative of a real asset where the owner of the NFT gets profit sharing or the NFT as a music representative gets profit sharing from the sale of the song. NFT will be good as long as its function and use are clear in society.
