Bitcoin News Alerts | Daily BTC Macro Signal

The head of digital assets research at global investment behemoth VanEck, Matthew Sigel, is predicting wild fluctuations for Bitcoin (BTC) over the coming months.

Starting with a bearish forecast, Sigel says in a post detailing his crypto predictions for 2023 that Bitcoin could fall to between $10,000 and $12,000 in next year's first quarter.

"Bitcoin will test $10,000 – $12,000 in Q1 amid a wave of miner bankruptcies, which will mark the low point of the crypto winter.

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Ethereum has come under fire from Bitcoin maximalist and former MicroStrategy CEO Michael Saylor who has compared the network to LUNA, which tragically collapsed in May 2022. The effects of the collapse continue to haunt the broader crypto market, playing a role in the collapse of many notable cryptocurrency firms. Now, Saylor has pointed fingers at Proof of Stake (PoS) networks like Ethereum as carrying a possibility of crashing like the infamous Terra.

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Bitcoin falls below $18k after Federal Reserves announces 50bps rate hike. Shark Tank star Kevin O'Leary has revealed a private phone conversation he had with former FTX CEO Sam Bankman-Fried after the crypto exchange lost its customers' funds.

Speaking under oath in front of the U.S. House of Representatives Financial Services Committee, the former FTX spokesperson details the conversation he had with SBF last month after he realized his funds were no longer in his FTX account.

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"Looking ahead, Bitcoin could test $10,000-$12,000 as BTC miner bankruptcies increase due to the drop in Bitcoin value and increasing electricity costs," VanEck predicts.

The investment firm believes that many miners of the king crypto (BTC) will be forced to restructure or merge in order to find capital during difficult times. As Siegel explained, the Bitcoin mining industry is in a tremendous stress situation.

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Sam Bankman-Fried (SBF) has been arrested by authorities in the Bahamas at the request of the U.S. government, just a day before the disgraced former FTX CEO was due to testify before Congress.

In other breaking crypto news today, Bitcoin sees CPI volatility as lower inflation sends BTC price to $18K marketing new one-month highs on Dec. 13 as United States inflation data sent a surge of optimism through markets.

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Bitcoin maximalist Max Keiser says the king crypto (BTC) will ignite epic rallies even before its halving event slated in 2024.

In a new interview with Daniella Cambome of Stansberry Research, the longtime Bitcoin bull says that he envisions the Bitcoin price rising for the next several decades.

"The direction for Bitcoin for 13 years has been up and it'll be up for the next 20, 30, 40, 50 years, so that's number one. That's solved, the direction is up."

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Bitcoin maximalist and early BTC adopter Max Keiser was recently interviewed by Daniella Cambone of Stansberry Research shedding light on crypto stablecoins USDC vs Tether:

"Circle pays people to use Circle & as such they are on the verge of bankruptcy, whereas with

Tether, they don't pay anyone to use Tether. There's a big difference there. Circle is about to go bankrupt. It's USDC, that's the one you need to look out for.

Circle, they're in trouble. They are the next FTX. They are about to go bankrupt. That's a big pile of ISH. It's Circle."

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Bitcoin At $100,000: In 2023 Or 2024?

In October 2022, Tone Vays, a crypto and BTC analyst, as well as derivatives trader, said the cryptocurrency market along with stock market will experience a bullish run in 2023 as capital flows out of Europe and into the United States.

In one of his interviews, Vays said:

"I would be surprised if we're not approaching that $100,000 [Bitcoin price] sometime next year. I think that there will be a lot of speculative money flowing into the equities market and into crypto markets."

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Venture capitalist Tim Draper says Bitcoin (BTC) will likely transform El Salvador from one of the poorest countries in the world to one of the richest.

In a new Tim Draper interview with popular crypto bull Anthony Pompliano, the billionaire predicts that the decision by El Salvador President Nayib Bukele to invest in the king crypto (Bitcoin) and make it a legal tender in the country will pay off over time.

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The popular quantitative analyst PlanB is doubling down on his Bitcoin forecast of a massive BTC rally.

In a new interview with crypto analyst Scott Melker, PlanB says Bitcoin could soar more than 5,800% based on the stock-to-flow model he is well-known for.

"If we assume that the old model, the original 2019 model is correct, the $55,000 model, then the next halving could lead to prices somewhere — and I'm making a very wide range, some people don't like it — but somewhere between $100,000 and a $1 million.

I have no doubt whatsoever that we go to that $100,000-$1 million range, and no matter how you look at it, the current price is a steal if that's what you believe. So yeah, I'm very optimistic."

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