It should be noted that not all analysts have a positive view on the prospects for cryptocurrencies in the next year. For example, representatives of major cryptocurrency exchange Coinbase believe that the current collapse of the coin market has severely undermined user confidence in digital assets – and this also applies to the bankruptcy of the FTX platform.

As a result of the situation, it will take them quite some time to start engaging with altcoins again. Obviously, investors will buy crypto again after it rises significantly. Usually, it is the increase in exchange rates that is the best advertisement for coins.

Rising cryptocurrencies

On top of that, experts are allowing a significant flow of capital from various alts to the top crypto-assets in terms of market capitalisation. In particular, they are betting on Bitcoin and Etherium.

What will happen to Bitcoin in 2023

The survey was conducted on Blockchain.com, which is one of the top sites in terms of traffic within the cryptocurrency community. In addition, it is important to understand that many users unfamiliar with the cryptocurrency industry go to such sites because of their URLs, as they expect a semblance of “official” information about blockchain technology.

So, in the outgoing year 2022, 41 per cent of respondents said they had acquired Bitcoin – an action that speaks for itself. Still, the top cryptocurrencies have been losing tens of percent in value in recent months. Which means these people expect the price of the top cryptocurrency to rise, at least in the short term.

Survey results

According to Cointelegraph’s sources, out of the total number of survey participants, 40 percent responded that they would like to invest in Bitcoin as early as 2023. Approximately the same number of respondents will be discussing crypto at the festive table this coming Christmas with their family or friends.

In addition to the numbers, the survey also revealed the regions of the world with the most bullish sentiment, that is, residents who believe in the potential of digital assets more prominently than others. These were Brazil, Nigeria and Ghana. Specifically, 50 percent of respondents from Brazil said they have already bought crypto, with 50 percent also planning to buy coins in the next year. Similar figures are true for Nigeria, with Ghana being the country where 60 per cent of respondents said they want to buy BTC the most.

Bitcoin exchange rate over the past 90 days

In contrast to a similarly upbeat situation, Germany and Italy proved to be among the most sceptical countries in terms of investor sentiment towards cryptocurrencies. Only 31 per cent of Italian respondents said they had bought crypto this year, with 29 per cent planning to buy next year. From Germany, only 34 per cent of respondents have managed to buy bitcoins, with 30 per cent of survey participants planning to do so in 2023.

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Handy investing in the crypto market would hardly exist at all without stabelcoins. Even despite a prolonged bearish trend, this area of the industry is also showing optimistic data. Analyst platform Coin Metrics has published data showing that the volume of transactions in stabelcoin will reach $8 trillion by the end of this year. By comparison, payments giant Visa processes around $12 trillion in transactions per year.

As a reminder, Stablecoins are widely popular among cryptocurrency enthusiasts. Still, their value is pegged to a specific fiat currency or asset like gold, though most often the dollar is the object of the peg. Accordingly, steibles allow us to maintain our own dollar value of our own investment portfolio, which is especially useful during difficult periods in the market when coins show a prolonged decline.

Brevan Howard Digital co-CEO Peter Johnson said that settlements using stabelcoins have already surpassed those for Mastercard and American Express. Moreover, he predicted that in 2023 the volume of transactions conducted in coins will surpass that of Visa.

Transaction volumes in different stabelcoins by year

While the comparison points to a significant increase in the popularity of stablcoin, some commentators have pointed out that a global payment system cannot be directly equated with stablcoin. The point is that payment systems process real payments for goods and services, whereas transactions in stabelcoin show the flow of funds within the crypto-industry - especially in decentralised finance.

So to say that stablocoins could soon “surpass” Visa is still a long way off. If the majority of crypto transactions were payments for real goods or services, then the above comparison would be appropriate.


We believe that investors' willingness to buy cryptocurrencies in the current environment is a good sign for the prospects of digital assets. Apparently, their faith in the coins has not wavered, although investments in them in recent months have yielded only losses. That said, investors are mindful that all previous bearish trends have ended with the onset of record bullruns, so they are now adding to their own cryptocurrency holdings in the hope of a new prolonged upswing. In the past, a similar strategy has worked for cryptocurrencies that have experienced collapses. Which means this time it could be just like that.


What do you think about it? Share your opinion in our Millionaire Crypto Chat. There we will discuss other important developments related to the world of decentralised assets.