Bitcoin will become the most profitable asset in 2023

According to forecasts by Capriole Investments, bitcoin in 2023 will be able to outperform all major assets in terms of profitability.

Analysts point to three factors that can increase the attractiveness of cryptocurrency. First, it is the policy of the Federal Reserve System.

Now the regulator is sticking to the tightest monetary policy since the 1980s.

The money supply is shrinking, which has led to such a significant weakening of business activity, said one of the authors of the study, Dylan LeClair. As soon as the Fed abandons its aggressive policy and softens it, then capital will go to the market. As early as next year, the Fed will change course, according to Capriole Investments.

In 2023, safe assets and, first of all, gold will be attractive.

However, Capriole founder Charles Edwards is confident that Bitcoin will seize the moment and become a more popular tool. Moreover, BTC will even bypass the precious metal in terms of profitability.

The third factor that will stimulate the growth of the cryptocurrency will be the upcoming halving. The reduction of the block reward in the Bitcoin network is expected in early 2024.

Usually, a year before the halving, the market enters a bullish phase and shows a good growth rate, reminded Capriole Investments.


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