Summary of Article
- The crypto market has seen a tough year in 2022, with Bitcoin prices tumbling more than 60%.
- Investors are now looking to the future and touting Bitcoin as one of the safest investments for 2023.
- Metacade is another project that experts are excited about, having raised an incredible $5.4m from its presale.
Bitcoin Price Prediction: Safe Investment for 2023?
The crypto market has experienced a turbulent year in 2022, with almost all established projects seeing a reduction in prices, and Bitcoin was no exception. While BTC did drop more than 60%, it still performed better than some high-profile stocks such as TSLA. Despite its risky reputation, investors believe that buying Bitcoin remains the most conservative investment choice across crypto and are now touting it as one of the safest investments for 2023.
What Makes Bitcoin a Safe Investment?
Bitcoin is often classed as a risky asset but in reality, there’s been no better investment over the last decade than buying Bitcoin. The price of BTC has been hovering around $20k for months now, which provides plenty of breathing room for investors and gives them potential safe haven if they want to invest in cryptocurrency markets. Furthermore, there is an incredible amount of support for the price at its current range and this makes it look extremely unlikely that its value will continue to drop.
Metacade: A New Crypto Project on the Rise
In addition to Bitcoin being touted by experts as one of the safest investments in 2023, they are also incredibly excited about another project – Metacade. This early-stage project has taken investment circles by storm since their presale began 7 weeks ago, raising an impressive $2.7 million so far and eventually reaching up to $5.4 million after only 2 months since launching. With such solid fundamentals behind Metacade and other signs pointing to a positive price outlook ahead, many investors believe that this could be one of the safest investments available right now on cryptocurrency markets.