Hopes for a cryptocurrency market recovery have created a bullish Bitcoin price prediction for 2025.

In 2022, the cryptocurrency market experienced a significant decline in value, losing around $1.4 trillion. The industry was plagued by liquidity problems and several bankruptcies, culminating in [the failure of the exchange FTX](/news/article/is-crypto-dead).

However, according to Anthony Scaramucci, 2023 will be a year of recovery for Bitcoin. He predicts it could reach $50,000 to $100,000 within the next two to three years. He also emphasized that investing in Bitcoin involves taking on risk, but as we have faith in its increasing adoption, we could see things going the right way.

## Why are experts expecting a bull run in 2024-2025?

Interviews with industry experts by [CNBC revealed](https://www.cnbc.com/2023/01/16/bitcoin-price-prediction-2023-investors-see-12000-to-30000.html) that the crypto market goes through regular cycles every four years. These cycles involve the cryptocurrency reaching an all-time high, followed by a significant correction and a period of recovery. The key event that precedes these cycles is known as "halving," where the rewards for mining Bitcoin are cut in half.

This slows down the supply of Bitcoin in the market, as there will only ever be a maximum of 21 million in circulation. Halving events, historically, have been followed by a bullish market trend, with the next halving set to occur in 2024. And for that reason, when we see a Bitcoin price prediction 2025, we tend to have a [bullish outlook](/news/article/will-bitcoin-go-back-up).

Nevertheless, Meltem Demirors cautioned that the events of 2022 have inflicted severe harm to the reputation of the cryptocurrency industry and the asset class as a whole. He said it would require some time for trust to be restored.

## Other factors that could influence Bitcoin pricing

As well as watching the cryptocurrency market, it is worth paying attention to the broader economic situation. We have already seen a strong correlation between crypto and risk-oriented assets such as stocks, specifically the technology-heavy Nasdaq. These assets are impacted by fluctuations in interest rates determined by the Federal Reserve and other macroeconomic factors.

Last year, the Federal Reserve's attempts to decrease inflation by raising interest rates resulted in negative effects on risk assets.

green image of anthony Scaramucci pointing at falling bitcoins

Bitcoin price prediction 2025: Scaramucci's view

The crypto market in the UK has seen a significant jump in value in the new year, with [BTC](/news/article/buy-bitcoin-cash-uk) prices seeing a 3.45% hike and SHIB experiencing a 2.08% increase, among other cryptocurrencies. So far this year, the crypto scene has been optimistic. The hikes mentioned above have all happened over a 24-hour period alone.

And it isn't just Bitcoin and SHIB. A selection of other cryptocurrencies have seen a similar price hike. These include such altcoins as Solana (SOL), with a jump of 3.31%, and Ethereum (ETH), number two to BTC, successfully crossing the £1,143 mark with a 0.76% price hike. [Polygon (MATIC) has also seen a significant 2.61% hike](https://www.binance.com/en-IN/price/polygon).

Fetch.ai is running its bull period in full force and has seen a whopping 18.23% rise in the last 24 hours alone. The token's value has skyrocketed, by an impressive 99.43%, in the last week alone. 

Crypto prices UK are on the rise along with the global crypto market
After a bruising 2022, the cryptocurrency markets have started this year with a more positive energy. The global crypto market has seen a 2.01% increase in 24 hours. The market cap stands at £739.21billion now. There has been a 23.88% increase in the total crypto value in a day. It now stands at £46.57 billion.

## BTC hikes by 3.45%

With a 3.45% price hike in the last 24 hours, BTC is now valued at £15,394. [There has been a long wait for BTC to cross the $18,000 mark](/news/article/bitcoin-forecast-2023). 

![btc.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/btc_a60e1ac602.png)

![btc2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/btc2_fa0d093951.png)

Inevitably, the rise in price for Bitcoin, the leading cryptocurrency, has subsequently increased the trading volume by 34.55% too.
  
## SHIB rises by 2.08%

This token, which started as a meme, has seen a 2.08% hike over the last day. The crypto is now valued at £0.0000078 with a £4.72 billion market cap. The trading volume also saw a spike of 6.12% as the price increased.

![shib.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/shib_47feb1fdd0.png)

  
  


blue image of crypto prices on trading mobile app

Crypto Prices UK: BTC and SHIB on the Rise

Bitcoin has been the biggest currency in the crypto industry for years. Phenomenal as it is, BTC has seen its fair share of ups and downs, especially in 2022. Now investors are asking, 'will [Bitcoin](/news/article/bitcoin-investors-turn-to-self-custody) go back up in value?'.

For the past few years, Bitcoin has been on a rollercoaster ride. From its all-time high of around $68,000 in November 2021 to its current price of $18,143 (12 January), the value of this digital currency has been highly volatile. It lost more than 70% of its value between November and mid-December. This is why investors wonder, 'will Bitcoin go back up?'.

[Predicting the future is difficult](/news/article/bitcoin-volatility-price-drops). A few factors, nevertheless, can help investors understand more about the likely course of Bitcoin's price in the future.

## What is Bitcoin

Bitcoin was the first cryptocurrency. In 2009, it was created by an unknown person with the assumed name of Satoshi Nakamoto.

It is a revolutionary technology used as an electronic cash system that has already changed the world. Investors refer to it as digital gold since it is a currency that stores value.

## Will Bitcoin go back up - The influencing factors

What factors affect its price? Knowing this will help us to understand why the BTC price behaves as it does and to unravel the "will Bitcoin go back up" question.

1.   Adoption of cryptocurrency by the masses
The widespread acceptance of cryptocurrencies is the primary factor determining Bitcoin's future. Cryptocurrency will become more in demand if more people want to use it. 

As a result, the cost of this cryptocurrency will increase.

Currently, there is still a relatively small market for the currency. This indicates a limited supply of this first-mover cryptocurrency and a limited pool of buyers. This scenario directly means that the price of the same may decrease if there is a decline in demand.

However, the market for Bitcoin is expanding, which is good news. The interest in it is growing, and more businesses accept it as a form of payment. This can only portend a bright and successful future. So, yes, Bitcoin will go back up again in the future.

2.   Regulatory environment of cryptocurrency
The regulatory environment of cryptocurrency is significant. 

If governments regulate the cryptocurrency market and adopt a more favorable stance towards Bitcoin, this will create more stability and trust, leading to higher prices.

However, some things potentially cause the price of this digital currency to go down significantly. Unfavorable government regulations have a negative impact on the price. 

For instance, governments around the world have been hesitant to embrace it. One must wonder, will Bitcoin go back up if governments pass legislation restricting or prohibiting people from buying or selling the currency? This will only cause its price to drop notably.

3.   Development of the underlying technology
For Bitcoin and other cryptocurrencies to thrive, developing underlying technology is fundamental. If the technology behind it is improved, this will lead to more efficient and secure transactions, which will increase the demand for the currency and cause the price to go up.

At the moment, this online currency is still relatively new, and many don't understand it. If the public becomes less trusting of the technology, it will eventually drive people to sell off their investment, driving the price down.

However, at the moment, Bitcoin's underlying technology is constantly evolving. This indicates that the technology is improving in terms of efficiency and security. As more people develop confidence in the technology, it will result in an increase in its value.

4.   Usage as a medium of exchange
The usage of this cryptocurrency as a medium of exchange is another aspect that is influencing consumer demand. A growing number of online and offline retailers accept Bitcoin as a form of payment. As a result, more individuals might begin utilizing it to make purchases of goods and services, which could boost demand and raise the currency's price.

5.   Usage as a store of value
The usage of Bitcoin as a store of value is another aspect that affects its price. Some investors purchase it as a hedge against inflation and other economic risks because they view it as a safe haven asset, similar to gold. The demand for Bitcoin might rise if this pattern persists, consequently raising the value of the [digital currency](/news/article/digital-currency-group).

6.   Overall state of the world economy
The overall health of the global economy will also impact the price of Bitcoin. People may be more inclined to invest in it, thus increasing its value. Nonetheless, this is only possible if the economy is strong and there is little inflation.

On the other hand, consumers may be less likely to invest in the currency if the economy is struggling and there is excessive inflation, which could result in a decline in its price.

7.   Positive news on Bitcoin
Last but not least, the news surrounding Bitcoin is vital. If there is positive news surrounding it or its technology, then this could lead to more investor interest and higher prices.

If there is negative news surrounding this digital currency or its technology, then this could lead to a decrease in investor interest and lower prices.

Having said that, will Bitcoin go back up again? Positive and optimistic news on this subject will greatly help bring things back on track.

## When Bitcoin prices have dropped, here is what to do

Undoubtedly, a large drop in digital currency prices, especially Bitcoin, instills great fear in people. At this moment, the cryptocurrency world is under immense pressure, especially due to the tightening US Federal Reserve monetary policy. The change has affected Bitcoin and other currencies like [XRP](/news/article/xrp-lawsuit-update), Ethereum, and Cardano. Global stocks have seen a drop in prices as well.

So, will Bitcoin go back up? Yes, hopefully. And this is what [you should do](https://zipmex.com/learn/bitcoin-price-prediction/#:~:text=Compared%20to%20the%20previous%20year%2C%20Bitcoin%20price%20tends%20to%20significantly,2024%2C%20along%20with%20other%20cryptocurrency.) while waiting.

1.   Avoid selling out of panic and maintain your position
Always remain calm, take your time to investigate, and consider the situation. Speak with an expert before purchasing or selling your digital currency if you find some concepts difficult to understand. Your investment portfolio, which you have worked so hard to build, will be badly impacted by a hasty sale or acquisition of Bitcoin. 

It could result in significant losses that take you a long time to recover from, or you never recover at all.

2.   Analyze the current situation
Always ask yourself, "What is causing the prices to drop?". Are there significant happenings in the world that are affecting these prices? Strive to keep up-to-date with the current state of affairs globally and especially so in cryptocurrency. You can achieve this by watching news and programs on TV, reading newspapers, or visiting relevant websites.

3.   Take a long-term perspective
If you're investing in Bitcoin, it's important to remember that it's a long-term investment and that market fluctuations are normal. Don't panic if the price drops, but as an investor, consider it an opportunity to buy more at a lower price. 

However, be careful on this one and engage an expert to be on the safer side.

4.   Diversify your investments
[Diversifying your investments](https://www.bankrate.com/investing/bitcoin-and-crypto-crash-what-investors-should-do/) is important, so if Bitcoin's price drops, your portfolio isn't overly exposed to the cryptocurrency. To balance your investments, consider investing in other cryptocurrencies, stocks, or even gold.

5.   Take into account dollar-cost averaging
With this method, an investor purchases securities on a recurring basis using a portion of the entire money to be invested. By doing this, the investors lessen the effect of volatility on their overall buy.

6.   Be hopeful
That's right. You have to be optimistic that things will get better eventually. If the big question still in your mind is, "Will Bitcoin go back up?", then the answer is a bold "Yes".

## Conclusion

To sum it up, it is impossible to predict when Bitcoin will go back up again. It is a risky endeavor since the currency's price is influenced by a wide range of factors, as already discussed, and it is highly volatile.

However, there is reason to believe that it will. As more people learn about Bitcoin and become interested in it, the demand for it will likely increase especially if the overall global economy is strong.

Governments are beginning to recognize the potential of cryptocurrency and are passing laws that regulate and legitimize it. The technology behind Bitcoin is constantly improving and growing.

All of these factors could ultimately lead to an increase in the price of Bitcoin. And who doesn't want that to happen?


Will Bitcoin Go Back Up?

The [Digital Currency Group](https://dcg.co/), or DCG, located in Stamford, Connecticut, is a venture capital firm specialising in the digital currency sector. Founded by Barry Silbert in 2015, DCG builds and supports Bitcoin and blockchain companies by leveraging insights, networks, and capital access.

Furthermore, DCG owns and manages CoinDesk, the premier blockchain media and events platform, Genesis Trading, the industry's leading Bitcoin brokerage business, and Grayscale Investments, the biggest digital currency asset management organisation. DCG raised $1.3 billion in investment across five rounds. The most recent capital came through a Debt Financing round on 8 November, 2021.

CoinDesk, Foundry, Genesis, Grayscale Investments, and Luno are DCG's five subsidiaries.

## CoinDesk

CoinDesk is a cryptocurrency and crypto news website. For people who are unfamiliar with digital currencies, CoinDesk also offers Bitcoin and crypto guides.

Shakil Khan founded the site, which DCG later bought. CoinDesk Indices are the industry standard for single and multi-asset crypto asset benchmarks. The main CoinDesk [Bitcoin](/news/article/top-rated-bitcoin-wallets-uk) Price Index (XBX) has been running since 2014. Since 2015, Consensus has been considered the most prominent event in crypto and blockchain. 

The company's cryptocurrency festival in Austin, Texas, in June 2022, brought together thousands of participants to hear from sought-after thought leaders and speakers, and join workshops, networking, and learning opportunities.

## Foundry

The Foundry was founded to address the institutional need in the cryptocurrency mining and staking business for improved capital access, efficiency, and transparency.

Foundry, a DCG firm, draws on unrivalled institutional knowledge, finance, and market information to give North American Bitcoin miners and worldwide manufacturers the tools they need to construct, operate, and protect decentralised networks.

FoundryX is a reputable marketplace for purchasing and selling crypto mining equipment. Foundry provides miners with the resources they need to create the decentralised infrastructure of the future. They are protocol-agnostic and wish to encourage like-minded [blockchain](/news/article/what-is-blockchain) businesses that share a commitment to the industry's advancement. 

You could tap into their ecosystem of 200+ buyers and suppliers of cutting-edge mining equipment as they have established a trustworthy and reputable American marketplace to link the appropriate sellers and buyers at the right price, thanks to their extensive knowledge of equipment inventory, pricing, and demand.

## Genesis

[Genesis](/news/article/genesis-brokers-owes-gemini) links institutional investors to the world of digital assets. You can easily trade, borrow, hedge, and perform various things on this fantastic platform. In 2013, Genesis opened the first OTC Bitcoin trading desk. Since then, they've expanded to handle hundreds of billions of dollars in yearly trades. The DCG subsidary has also been establishing and cooperating with the world's most significant digital asset initiatives, networks, and funds at every step of the crypto market structure.

## Genesis Market Activity in 2021

Spot Volume Traded: $116.5B

Loan Originations: $130.6 billion

Derivatives worth $53.8 billion were traded

## Grayscale Investments

Grayscale Investments, located in New York City, is an American digital currency asset management firm and a subsidiary of DCG. Grayscale is a trusted partner for institutional and individual digital currency investors and the burgeoning digital economy.

Grayscale is a digitised native firm with exceptional initial insights into digital economy technologies with growth potential. 

Grayscale's products work inside present regulatory regimes, and its flagship products are the industry's first SEC reporting funds. These goods are the market leaders regarding accessibility and scope, investment prospects, and liquidity.

As the world's leading digital currency asset manager, DCG subsidiary Grayscale has a solid track record and unique experience. Grayscale's private placements, public quotes, and ETFs are popular among investors, advisers, and allocators seeking a single asset, diversified, and thematic exposure.

## Luno

Luno, a DCG subsidiary, is a cryptocurrency wallet programme that enables organisations to buy, store, trade, and manage digital currencies such as Bitcoin and [Ethereum](/news/article/why-is-ethereum-going-down). Administrators may use the platform to create cryptocurrency portfolios and perform trading techniques to manage deposits and withdrawals from a centralised dashboard.

Managers can swap Bitcoins in real-time by processing payments using debit or credit cards. Luno enables teams to get messages and watch market changes based on specified price alerts. 

Operators can use mobile applications on Android and iOS smartphones to plan regular purchases and manage investments. Using a uniform interface, supervisors can also encrypt and store money in multi-signature wallets.

Luno is a worldwide cryptocurrency leader, with more than 2 million consumers in 40 countries and a team of 250+ workers. 

Luno provides an application programming interface (API) that allows organisations to combine the system with various third-party programmes such as TradingView. Luno, headquartered in London, operates throughout Africa, Southeast Asia, and Europe.

Its tools and services make buying, storing, and learning about cryptocurrencies like Bitcoin and Ethereum secure and simple.


light blue image of crypto coins with DCG Digital Currency Group logo

DCG - A Crypto Venture Capital Firm

Bitcoin Cash is an electronic cash system that aims to become a reliable worldwide currency with rapid transactions, low costs, anonymity, and colossal processing capability. But where in the UK can you buy it?

[Bitcoin Cash](https://bitcoincash.org/) payments are delivered directly from one person to another in the same manner that real money is handed to the person being paid.

This coin is a fork of Bitcoin. The original and forked versions of Bitcoin were identical until the split occurred. From then on, the two networks operate separately.

## Buy Bitcoin Cash UK: Which major exchanges support BCH?

1.	Binance - In daily trading volume terms, the most significant exchange in the world
The [Binance account](https://www.binance.com/en-IN/how-to-buy/bitcoin-cash) serves as a conduit for purchasing cryptocurrency. However, before you can buy BCH, you must first register an account and authenticate your identity.

Then, it's time to select how you wish to purchase the BCH asset.

(a) Credit and debit cards
A simple way for beginners to buy Bitcoin Cash (BCH). Binance accepts Visa and MasterCard.

(b) Bank deposit
From your bank account, you can transfer fiat currency to [Binance](/news/article/guide-to-binance-uk). That can then be used to buy BCH. Consider purchasing a stablecoin like USDT or BUSD first and then using that coin to purchase BCH.

(c) P2P Trading
Use Binance's peer-to-peer service to purchase Bitcoin Cash (BCH) directly from other users.

(d) Payment via third party
There are several third-party payment mechanisms available. Some include Zen, Inswitch, Truelayer, Simplex, GEO Pay, Bifinity, ADVcash, and Bank Transfer (BBK).

2.	Uphold - A global, multi-asset digital trading platform
When you are ready to buy Bitcoin Cash UK-style, Uphold is a well-known United Kingdom exchange that offers more than 80 cryptocurrencies. Uphold takes compliance seriously and is registered with the Financial Conduct Authority (FCA) under the FCA's Temporary Registration Regime for crypto assets businesses.

Uphold offers a straightforward desktop trading platform and an innovative mobile trading application. The trading interface is adjustable with the assets you trade the most while having an effortless, contemporary appearance on both desktop and mobile. It is a popular and acceptable option, especially for beginner traders.

3.	Guarda - A multi-platform, non-custodial exchange
Guarda Wallet is a secure place to save your BCH. Guarda makes it simple to buy BCH and send it to anybody and anywhere with their address. It is the ultimate crypto management solution which now supports 50 blockchains and more than 10,000 coins.

At the same time, you can instantly receive Bitcoin Cash from anybody using a web browser, mobile phone, or desktop programme. It is a secure and straightforward method to obtain BCH immediately in your wallet with a debit/credit card or a SEPA transfer.

4.	Kraken - A global marketplace for digital assets
The simplest way to get BCH is through a digital asset exchange [like Kraken](/news/article/kraken-review).

## Buy Bitcoin Cash safely and simply by following these steps:

(a) Register for an account
Start choosing a username and password, enter your email address, and you're ready.

(b) Obtain verification
You can buy BCH and other cryptocurrencies using "Starter" authentication. Just provide your name, birth date, nationality, and phone number.

(c) Deposit cryptocurrency or cash into your account
To deposit cryptocurrency to Kraken, you must create a new address to receive funds from your crypto wallet. SWIFT, SEPA, and domestic wire transfers can be used to fund your trading account.

(d) Invest in BCH
You're ready to buy BCH after your account has been loaded with funds.

5.	eToro - Overall best Bitcoin Cash UK buying platform
The FCA has approved and regulated eToro. As a result, you can easily buy your favorite coins in the United Kingdom in a safe, secure, and regulated environment with [eToro](/news/article/etoro-fees).

To open an account with eToro, furnish the exchange with your personal information and pay a minimum deposit of $10 (about 8.18 Pound sterling). You may fund your account instantly with a UK debit/credit card or an e-wallet like Skrill or Paypal. The eToro platform also supports bank transfers from the United Kingdom.

6.	Coinbase: By trading volume, the largest crypto exchange in the US
Coinbase is the best place to buy this coin from the UK if you are a beginner. Coinbase can be accessed online or through the Android/iOS mobile app, providing a seamless user experience.

Once you register an account with Coinbase, you can buy Bitcoin Cash promptly using your UK debit or credit card. This is the simplest but most costly method, with Coinbase charging an all-in commission of 3.99%. To avoid expenses, try depositing funds using a free UK bank transfer.

## Buy Bitcoin Cash UK: Final thoughts

Maintain the security of your funds and transactions at all times. Always trade on reliable exchanges, read user ratings and comments, and double-check the addresses to which you're sending your coins.


Buy Bitcoin Cash UK: Where to Go

You can find many Bitcoin forecast articles in the market, talking about the future price predictions of this cryptocurrency. Let's explore and learn more about Bitcoin before we discuss Bitcoin forecast or price prediction for the coming years.

## Bitcoin overview

Bitcoin is a cryptocurrency, also known as 'digital gold', with no logistic or border constraints. 

It's unaffected by the central government pressures and refuses to be chained into defective monetary shackles. Bitcoin (BTC) allows you to store and transfer value in the cryptocurrency market, taking power away from financial institutions. According to [our current Bitcoin forecast](/coins/btc), Bitcoin’s value will rise by 0.70% and reach $17,264 by January 15, 2023.

Cryptocurrency:	Bitcoin

Ticker Symbol:	BTC

Price:	$21,964.06

Price Change 24h:	    +2.32%

Price Change 7d:	    +1.69%

Market cap:	$331,049,753,994

Circulating Supply:	19,228,537 BTC

Trading Volume:	$20,702,743,176

All-time high:  	$68,789.63

All-time low:  	$65.53

BTC ROI:         +12618.46%

## Bitcoin forecast: technical analysis

The [current Bitcoin price](/coins/btc) is $17,141, with a market cap of $366,203,862,174. Its 24-hour trading volume is valued at $27,097,274,450, with a circulating supply of 19,176,800 BTC. Supply is limited to 21,000,000 tokens.

•	Over the last few months, Bitcoin has faced a massive fall. Also, traders and investors are confronting FUD in the crypto market.

•	On June 19, 2022, Bitcoin dropped to $17,770 for the first time since December 2020.

•	Since November 2021, the cryptocurrency market has lost two-thirds of its market share.

The BTC crypto price has not crossed the $24,890 mark ever since.

As a part of any Bitcoin forecast, many crypto analysts say that this continual fall in the BTC price may reverse the coin's position in the cryptocurrency market with second-placed Ethereum. The great ETH 2.0 merge has happened, aimed at enhancing the network's scalability and speed. With this falling price, will BTC remain the king of crypto? Whether Bitcoin stays extremely profitable will depend on those who hold a big chunk of BTC.

## Reasons for Bitcoin’s price fall

To create a proper Bitcoin forecast, we need to understand why Bitcoin's price has declined recently. Many factors affected Bitcoin's price, including supply and demand. Moreover, in the crypto industry, many price fluctuations originate from the high volatility in BTC prices. Here are the main factors that impacted Bitcoin’s price in the recent past:

•	Approval of BTC as an official payment means in various countries around the globe.

•	BTC’s approval as a financial asset by corporations and companies worldwide.

•	Issues related to the legalization of cryptocurrencies at the legislative level.

•	Tackling problems like low transaction speed and high service fees.

•	The US Federal Reserve policy becoming stricter towards the crypto market.

## The crypto winter: can Bitcoin survive it?

It's not just Bitcoin suffering from crypto winter, but the entire cryptocurrency market. The primary reasons are high inflation, Terra LUNA's collapse, hikes in interest rates worldwide, and balance sheet tightening by central banks.

Bitcoin has already started recovering, making trades above $19,000. But crypto experts predict that the crypto winter will last for at least a year before we start seeing any positive outlook. Nonetheless, Bitcoin, as king of cryptocurrencies, is expected to survive this downfall. Experts believe it will emerge stronger, with a long-term improvement for the crypto market. It could be a good time to [consider buying Bitcoin](/news/article/btc-price-today).

## Bitcoin forecast: price predictions from 2023 to 2030

At the beginning of 2022, Bitcoin's price was around $46,300. In March this year, it reached $47,689. The Bitcoin price has been continuously falling since, killing the hopes of retail and institutional investors.

•	[GOV Capital’s technical analysis for Bitcoin](https://gov.capital/crypto/bitcoin/) forecast predicts that the BTC will reach $52,711.06 in one year. Five years down the line, it might even cross $235,503.

•	Another analysis from [Wallet Investor](https://walletinvestor.com/forecast/bitcoin-prediction) predicts that the Bitcoin (BTC) future price may reach $47,496.74 by 2027.

•	[Digital Coin’s](https://digitalcoinprice.com/forecast/bitcoin#:~:text=According%20to%20our%20current%20Bitcoin,15.13%2C%20which%20means%20extreme%20fear.) Bitcoin forecast indicates that the price will reach $18,833.66 by the end of January 2023.

BTC's expected maximum trading price is $24,199.85. The minimum is $16,909.59. Currently, Bitcoin's value has been trading in a consolidating range because of the bear market scenarios. But the coin will soon get back on track and gain momentum, getting over the bear market. 

Look at the BTC price prediction table below for reference.

![Screenshot 2023-01-04 at 08.52.27.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_01_04_at_08_52_27_1d09c06a88.png)

## Bitcoin forecast for 2023: Good idea to buy Bitcoin?

As per our BTC price prediction for 2023, Bitcoin’s maximum expected value is $34,933. Its minimum trading value will hit the $18,188 mark. People looking to trade Bitcoin in 2023 can expect an average price of $26,561 — the price rise is expected to be over 80% by the end of December 2023. Looking at these rising rates of the BTC, we can say that it’s a good idea to buy it as soon as possible to make the most out of it in the future.

![Screenshot 2023-01-04 at 08.52.52.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_01_04_at_08_52_52_ee4045cd8b.png)

## BTC forecast: BTC price prediction 2024

According to our Bitcoin price prediction, the average price of BTC in 2024 will be $40,832. In 2024, you can trade Bitcoin at a maximum trading level of $51,438 and a minimum value of $30,225. Look below for clarity.

![Screenshot 2023-01-04 at 08.53.10.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_01_04_at_08_53_10_bfe1e2acc2.png)

## Bitcoin forecast: BTC price prediction 2025

Based on our Bitcoin forecast, we can say that BTC is all set to have a bright future. In 2025, you can expect the BTC price to rise to $39,512 (lowest) and $62,723 (highest) at the start and end of the year, respectively. Its average price may be $51,118. Look below at the table to see Bitcoin's price for 2025.

![Screenshot 2023-01-04 at 08.53.24.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_01_04_at_08_53_24_3855e9dde7.png)

## Bitcoin’s correlation with other coins

Bitcoin is most positively correlated with these coins:

•	Wrapped Bitcoin (WBTC).

•	DeFiChain (DFI).

•	Nexus Mutual (NXM).

•	Ethereum (ETH).

•	KuCoin Token (KCS).

Having a positive correlation with other coins signifies that these coins follow the same price trend that of Bitcoin at the same time.

Bitcoin is most negatively correlated with these coins:

•	Celsius Network (CEL).

•	Waves (WAVES).

•	Bitcoin Gold (BTG).

•	Fei USD (FEI).

•	UNUS SED LEO (LEO).

Bitcoin’s negative correlation with these coins means that the price of these coins typically moves in the opposite direction as that of Bitcoin price at that time.

## Bitcoin forecast: final verdict

The fundamental principle of forecasts is that they can't be wholly accurate. Bitcoin forecast is no exception either. While not being accurate completely, we can’t overlook or avoid these forecasts since they lay their foundation on market trends.

Moreover, they come from industry experts, technical analyses, and influencers’ verdicts, bringing some credibility to the table. Looking at the current trends in BTC prices, we can predict that the rate will rise in the coming years. Those who buy Bitcoins now will make the most out of them in a couple of years.


green image of weatherwoman and bitcoin raining from sky

Bitcoin Forecast: 2023 and Beyond

Are emissions from the crypto industry a global issue?

The worldwide energy market has been in turmoil for many years. Several European countries, the United States, China, India, and South Korea, are among those worst hit by the ongoing energy crisis. This crisis is a culmination of several issues, the chief of which is the sharp reduction in the use of oil and electricity during the early stages of the [COVID-19 pandemic](/news/article/omicron-variant-crypto).

This led oil and gas companies to limit the production of these resources. However, these companies did not anticipate the global market to recover so quickly from the pandemic. Factor in the Russia-Ukraine War, climate change, greenflation, and geopolitics, and we are in the middle of an unprecedented energy crisis. You must be thinking, what is this to do with cryptocurrencies and crypto emissions?

## Crypto emissions from crypto mining are a problem

Today’s total crypto market cap [is nearly $800B](https://www.tradingview.com/symbols/TOTAL/). Yes, billion. The most popular cryptocurrency, Bitcoin (BTC), boasts a market cap that is almost 40% of the market's total value! BTC is one among [19k+ potential cryptocurrencies](https://news.climate.columbia.edu/2022/05/04/cryptocurrency-energy/) generated on the Proof of Work (PoW) consensus mechanism.

This 'generation' takes place through crypto mining, a costly, time-consuming, energy-consuming, and rewarding (potentially) process. It involves sophisticated hardware and solving complicated computational maths problems. The 'energy-consuming' component of cryptocurrency mining is the real problem.

Crypto mining consumes an ENORMOUS amount of energy. The annualised consumption of [BTC alone is 88.87 TWh](https://ccaf.io/cbeci/index), with an upper limit of 125.93 TWh! That is around 10% of the [total energy consumption of countries](https://worldpopulationreview.com/country-rankings/energy-consumption-by-country) like South Korea, Brazil, Germany, and Canada, and much more than Austria as a whole! Now that we have established the amount of energy Bitcoin alone consumes through [Bitcoin mining](/news/article/free-bitcoin-mining), imagine the total energy consumption of all cryptocurrencies.

Also, imagine the massive carbon footprint of crypto. Now that is what is hurting the climate.

## The carbon footprint of crypto emissions

Earlier this year, Ethereum too was a PoW chain. However, the change from PoW to the consensus mechanism of Proof of Stake (PoS), [The Merge](/news/article/the-merge-ethereum-nft-impact), on 15 September, 2022, led to a reduction in energy consumption [by nearly 99.95%](https://ethereum.org/en/upgrades/merge/)!

Unfortunately, a move to the PoS model is not viable for Bitcoin. Bitcoin serves as a store of value, much like traditional assets such as gold and silver, and has fundamentals enabling the decentralisation of the chain securely. Moving to the PoS mechanism would undermine the very purpose of the crypto asset and would not be permitted by the Bitcoin mining community anyway. The six largest Bitcoin mining pools [control nearly 95% of the resources](https://definoobs.com/will-bitcoin-move-to-proof-of-stake/) on the chain–the irony!

Let us talk numbers. What impact do crypto emissions led by BTC really have on the environment? Bitcoin's carbon footprint increased a mammoth [126 times between 2016 and 2021](https://www.eco-business.com/news/bitcoin-minings-carbon-footprint-swelled-126-times-in-just-five-years-study/). During this duration, Bitcoin-led crypto emissions caused global climate damages worth an estimated $12B. According to Benjamin Jones, University of New Mexico Assistant Professor of Economics,

*“We find no evidence that Bitcoin mining is becoming more sustainable over time.”*

According to him, Bitcoin-led crypto mining is becoming “dirtier” and even more “damaging to the climate”. In 2021 alone, Bitcoin-caused crypto emissions resulted in 113 metric tonnes of carbon dioxide on average, PER COIN MINED. If we assume one metric tonne of carbon dioxide causes $100 worth of climate damage, each BTC mined led to $11.3k worth of environmental damage (researchers used similar figures). Ouch.

As long as non-renewable resources like coal are used to fuel crypto mining operations, crypto emissions will be a climate problem and an ever-growing one. So is a change to PoS for all PoW chains the answer to reducing crypto emissions for other cryptocurrencies? Changing from one consensus mechanism to another is not easy. 

It is a very time-consuming and complicated procedure.

To put it into perspective, the original date for 'The Merge' was January 2020! The Ethereum community waited more than two years for the change.

Ethereum is backed by the strongest community in crypto and boasts of some of the best talents, led by the charismatic and brilliant Vitalik Bueterin. A change to PoS is not the solution. While cryptocurrencies of the future should look away from the PoW model, for current PoW chains, the solution is a move to green mining. This will help drastically reduce crypto’s carbon footprint.

## A move to green mining will help address the issue of crypto emissions

I'd be lying if I said there are no mining rigs that have turned to green energy sources for crypto mining. Texas, for example, produces the most [renewable energy](/news/article/crypto-mining-farms) in the US, powered by solar and wind farms. A crypto mining data centre in West Texas, called [HODL Ranch](https://www.forbes.com/sites/christopherhelman/2021/08/02/green-bitcoin-mining-the-big-profits-in-clean-crypto/?sh=268943ff34ce), is taking full advantage of the ferocious gusts in the region and mining BTC at the cost of just $2,000 per coin! On today's market, that is a profit of over $14,000 per coin. Insane.

Crusoe Energy Systems has raised $250M to mine Bitcoin in states including Texas, New Mexico, and Dakota. 

This green mining gamble will be fuelled by natural gas that would have either been flared or burnt off. The Scrubgrass Generating power plant in Pennsylvania combusts gob (coal waste) to mine Bitcoin, earning significantly more from mining than selling to the power grid–nearly 15 times more. These are just a few examples from the US.

Several players all over the globe are [turning to green mining](/news/article/norway-bitcoin-mining) to reduce crypto emissions or maximising existing waste to good effect. The problem is that at the current rate of carbon emissions per BTC mined, the green mining initiative of today just is not enough. We need a more drastic change soon.

The fact is that the above-listed 'organisations' can afford to use green energy or combust waste material. Other crypto and Bitcoin miners will always choose the cheapest available fuel source. Dirty fuels like coal will remain cheap for the foreseeable future, and this will prohibit a green revolution.

Banning crypto mining will not solve the issue either. [China banned cryptocurrency mining](https://techstory.in/china-bans-crypto-mining-due-to-huge-power-consumption/) last year, leading to miners fleeing to countries such as the US and Kazakhstan, where they sourced energy for mining from coal power and gas. We have to enforce a change for the betterment of the climate.

It is no longer why but how. How do we enforce a global green mining revolution? How soon can we significantly reduce crypto emissions? We are harming the environment by the day. It is time for the cryptoverse to stand as one and work towards a common goal - a green planet.


image of emissions with cryptocurrency falling from sky

Crypto Emissions: A Growing Climate Problem?

Ever wondered how to send Bitcoin? Sending Bitcoin (BTC) is a straightforward process. You will require three things; a crypto wallet, some Bitcoin, and the recipient's address. You will also have to ensure you have some extra funds to cater to the transaction fees.

Depending on your crypto wallet, the process of sending the cryptocurrency could be slightly different. However, the steps are generally the same for most wallets. For the sake of this article, we'll be using the [Bitcoin.com wallet](https://wallet.bitcoin.com/?_gl=1*1xz6ata*_ga*MzM1ODA3MDk3LjE2NjgxOTMwODY.*_ga_ERLPF60ZDD*MTY2ODY1NDE2Mi42LjEuMTY2ODY1NzE0MC4wLjAuMA..) to send the cryptocurrency.

## How to send Bitcoin: Four simple steps

### Step 1: Access the wallet

You’ll first have to access the Bitcoin.com wallet before you can transfer the cryptocurrency. Once there, tap the “send” button to access the list of supported cryptocurrencies. From the list, select the coin.

### Step 2: Enter the recipient's address

A BTC address is an alphanumeric string. This will sometimes look something like: 3J98t1WpEZ73CNmQviecrnyiWrnqRhWNLy.

To enter your recipient’s address, you have the option of copying it to your clipboard and then pasting it in the send field. You can also scan the QR code of their address using your phone's camera. This will automatically fill it in. Not all wallets have the QR code technology.

### Step 3: Enter the amount

Enter the amount you wish to transfer. Double-check to ensure you are sending the right amount. If you transfer less, you will incur extra network fees for sending the rest. If you transfer more, well, it's your loss.

[Most wallets](/news/article/best-ethereum-wallet) allow users to toggle between seeing the send amount as BTC or showing it in their local currency.

### Step 4: Confirm the transaction

Once you are sure all the information you’ve provided is correct, tap or toggle the send button. And as simple as that, you've sent the cryptocurrency to your intended recipient.
Some wallets may require users to select the network fee before confirming the transaction. The transactions may be trustless, but they do cost a network fee.

## Network fees

Network fees are funds paid to miners and validators for validating and adding transactions to the next block in a blockchain. They act as an incentive for miners and validators to confirm transactions.

Many [BTC wallets](/coins/btc) allow users to customize the network fees when sending the cryptocurrency. Bitcoin.com wallet, for example, has three fee settings as well as the option to set custom fees.

The "Fast" speed is the default speed and will have your transaction confirmed in less than 30 minutes. The "Fastest" speed will have your transaction confirmed in less than 20 minutes, but you'll pay a higher fee. Then there is the "Eco" network fee option that will save you some cash, but will result in your transaction getting confirmed in less than 60 minutes.

Transactions with higher fees tend to be picked up faster by miners because they have higher profitability. They are therefore confirmed faster. For wallets that allow users to customize network fees, you can opt for faster transaction processing by paying a higher fee.

## Conclusion

Sending BTC is an easy process. However, if you are not careful about the information needed for the process to be successful, including using the correct recipient address and filling in the right amount, it can easily become one of your biggest mistakes or regrets.

The process is irreversible. If the coins go to the wrong address, you are never getting them back. You should always be careful while transacting in crypto assets.
 
 


How to Send Bitcoin

Want to know how to buy Bitcoin in the UK? Bitcoin is a digital currency operating independently of any central authority or government oversight. It is based on peer-to-peer software technology and cryptography.

It is open-source and is designed to be open to the public, no one owns or controls the coin, and anyone can participate. Many of Bitcoin's unique properties enable exciting uses that no previous payment system could cover.

Purchasing Bitcoin is the easiest way to invest in the rapidly growing cryptocurrency industry. The leading digital asset has established itself as a giant deflationary currency, prompting investors all over the UK to look for Bitcoin exchange platforms.

In this How to buy Bitcoin UK Guide, we explore the options.

## How to buy Bitcoin UK?

You can use the exchange platform eToro to buy [Bitcoin](/news/article/bitex-trade-bitcoin) in the UK by following these quick steps:

1.	Create an eToro account - To access the registration page, go to the eToro site and click on 'Join Now.'

2.	Deposit Funds: Deposit a minimum of $50 (£43) into your account via bank wire transfer, credit/debit card, or e-wallet solutions.

3.	Search the coin - Enter 'BTC' into the search bar and select the appropriate popup result.

4.	Buy - Click' Trade' to open the purchase page. Enter the amount of coin you want to purchase and click 'Open Trade' to finish the transaction.

## Where to buy Bitcoin in the UK? 

If you've ever Googled 'how to buy Bitcoin UK', this may answer some of your questions. Looking for the best exchange platform in the UK with the lowest fees to purchase Bitcoin? The top exchange for buying Bitcoin in the UK are listed in this section.

1.	[eToro](/news/article/etoro-fees) - The best exchange to buy crypto
eToro is a multi-asset exchange platform that enables users to invest in various stocks and cryptocurrencies. On eToro, investors can choose from over 115 cryptocurrencies, including well-known coins such as Bitcoin, Ethereum, and Litecoin. It is, without a doubt, among the best sites to purchase Bitcoin online.

Opening an account with eToro is free, and you receive a free trial account worth $100,000 to test the waters with cryptocurrency and other assets before committing to them.

In terms of trading tools, eToro offers copy trading, which allows new investors to replicate the successful trades of more professional investors. This minimizes possible losses while increasing expected returns. The low fees charged when trading Bitcoin are what truly distinguish eToro.

2.	[Coinbase](/news/article/coinbase-google-partnership) - Leading platform to buy Bitcoin UK
Coinbase is a cryptocurrency trading platform that allows you to buy, sell, and earn popular crypto assets all in one place. It offers over 100 cryptocurrencies and other digital assets, including significant coins such as Bitcoin, Ethereum, and Dogecoin. 

Coinbase's mainstay is its highly intuitive user interface, which makes it simple for new investors to trade cryptocurrencies. You can set up recurring trades and gradually invest in digital currencies by scheduling daily, weekly, or monthly purchases. You can also log your transactions and monitor market changes using the online app or the iOS and Android mobile applications.

The platform also provides crypto and NFT storage in a single location. Users can also earn interest when using the Coinbase Wallet. 
On debit card deposits, Coinbase charges a 3.99% deposit fee. Other fees are based on the size of the trade, with transactions under $10,000 attracting a 0.50% taker and a maker fee.

3.	[Binance](https://www.binance.com/en) - Best low fees exchange platform
Bitcoin is prominent in the Binance exchange's daily transaction volume. Since then, the top crypto dog has established Binance as one of the world's most elite exchange platforms.

Changpeng Zhao launched [Binance](/news/article/guide-to-binance-uk) in 2017, and the Bitcoin exchange has become a popular destination for investors due to the diverse range of digital assets available. The platform supports more than 500 crypto assets and charges a base fee of 0.10%. This is taken further with the Binance Coin, which reduces it to 0.025%.

Binance provides real-time price updates and several innovative services, such as margin and futures trading. The minimum deposit is $10. (about 8.7 GBP).

4.	[Swapzone](https://swapzone.io/) - Platform to buy Bitcoin with crypto
Swapzone is a [cryptocurrency exchange](/news/article/best-exchanges-for-crypto-uk) aggregator that works in real time. This platform streamlines the exchange process by collecting the information required to find the best exchange rate.

It is currently a one-stop solution for exchanging 500+ cryptocurrencies from 15+ exchanges.

Swapzone's operating principle is as follows: the platform receives user inquiries, obtains deals directly from its partners, sorts them by rate, speed, and rating, and allows users to make swaps through selected providers without leaving the aggregator's website. In this way, Swapzone assists users in making informed decisions when saving money and time.

Another advantage of Swapzone is that all swaps are custody-free. As a result, you will not need to register if you want to buy BTC with cryptocurrency on this platform.



green image of bitcoins with a person buying bitcoin on their phone

How to Buy Bitcoin UK Guide

Looking for the top Bitcoin wallet UK options? This article could help.

If you are new to cryptocurrency and intend to purchase or mine cryptocurrency in the UK, selecting the appropriate wallet to store your virtual assets is critical. It makes investing in cryptocurrency easier and more convenient because you just need to manage your digital assets.
A Bitcoin or cryptocurrency wallet would help protect your virtual assets and keep hackers at bay.

Now that you understand the scope of a Bitcoin wallet, you will agree that not just any crypto wallet should handle such a sensitive task. Extensive research is required to find one that meets your needs.

When it comes ti Bitcoin wallet UK offerings, this article can assist you with that task. Ive done my research and compiled a list of Bitcoin wallet UK options that may be the quick route you're looking for to learn about the best available.

## Top 4 Bitcoin wallets UK

### Binance

[Binance](https://www.binance.com/en) offers a safe and secure way to store your cryptocurrencies in only one wallet. It is convenient to keep multiple digital assets in one place on the Binance platform. The mobile App is user-friendly and retains this quality on Android and IOS, providing a unique user experience. 

Binance also provides other crypto-related services such as peer-to-peer trading, buying bitcoin with cards and deposits, etc.

It should be noted that Binance supports over a million assets across 53 blockchains. Because of its range, you can store all of your cryptocurrency in only one wallet. Staking is one of the digital wallet's unique characteristics, similar to collecting interest while keeping your money in your wallet. Staking your coins also grants you the ability to participate in token governance and vote on important business decisions.

The Binance wallet also makes it simpler to store your NFTs and digital collectibles without worrying about security.

#### The Pros

•	Fast exchange of digital assets.

•	Supports over a million crypto assets.

•	Supports different languages.

•	Easy to set up.

•	Easy to deposit with UK accounts and cards.

#### The Cons

•	A set fee for transaction costs is applied to each withdrawal.

### Coinbase

[Coinbase](https://www.coinbase.com/) excels at user experience and is tailored to the needs of various users in the UK. Coinbase provides accessibility and helps new users navigate the crypto world. Coinbase protects your virtual assets with cutting-edge security technologies. The Coinbase platform provides flexible access to your wallet by providing both a web and a mobile wallet, which helps position it as a reliable platform.

The Coinbase platform is designed to be completely decentralized. That means it is a self-custody wallet in which users can choose to have complete control over their Bitcoin and crypto assets. Coinbase offers users the necessary software and security to store their cryptocurrency. 

Although, it is the user's responsibility to keep their password and private keys secure.
The Coinbase platform also includes staking, lending, and Yield Farming features.

#### The Pros

•	Offers both mobile and web-based wallets.

•	Offers the opportunity to earn more crypto through its numerous features.

•	Top-notch user experience.

•	Crypto tutorials and information to broaden users' knowledge.

#### The Cons

•	The connected wallet is always linked to the internet.

### Huobi

[Huobi](https://www.huobi.com/) provides a wide range of crypto services and is an excellent place to begin your cryptocurrency journey. Huobi functions similarly to a "social" cryptocurrency platform, connecting users with similar interests. This allows users to share and collect valuable crypto community tips across multiple social media platforms.

The Huobi platform gives users complete control and it doesn't require access to private keys. Your wallet keys are saved locally on the device, and they have provided multiple wallet backup options in case users lose access to their wallets.

The Huobi Cloud wallet assumes responsibility for securing private keys, as new users may need to be more familiar with this and may misplace them. The Cloud wallet grants access to various DeFi projects with a single click.

#### The Pros

•	Cutting-edge security technology.

•	Multiple wallets.

•	Social experience with other users.

#### The Cons

•	No web-based version. 

### eToro

The [eToro](https://www.etoro.com/) platform is reliable for users who want to begin crypto trading and investing. The wallet allows you to trade cryptocurrency without worrying about the safety of your funds. CySEC, the SEC, and the FCA in the UK regulate the crypto platform. With its vast network of resources, the wallet enables crypto traders to earn and gain trading experience.

eToro ensures that your deposits are safe and secure. It is worth noting that all eToro transactions are communicated using SSL technology, ensuring your personal information security. To help prevent fraud, your eToro wallet can only be funded by your own UK bank card or account; the platform does not allow deposits through another user's account.

Users can open a free demo account with the eToro wallet to avoid risking their funds immediately. This demo account also assists in providing insights into how the platform operates.
Deposits up to $250,000 are covered by insurance, promoting system stability and transparency.

#### The Pros

•	Amazing features for crypto trading.

•	Extensive library of educational resources available.

•	Cutting-edge security systems.

•	Wide range of cryptocurrencies accepted.

#### The Cons

•	More experienced users may find it a little less impressive.

## Conclusion

Hopefully, this guide to Bitcoin wallet UK options available has been helpful. Since Bitcoin’s emergence more than a decade ago, cryptocurrencies have consistently delivered faster and easier transactions. With improved security and transparency, the sector will continue to grow.

If you are just beginning your crypto journey in the UK and want to learn more about crypto features, you can read [Guide to Crypto Lending, Staking, and HODLing](/news/article/crypto-lending). Only after you've found an utterly secure Bitcoin wallet UK option for your assets should you consider how to buy and grow your portfolio.

So, go ahead and take the first step toward discovering the potential of the cryptocurrency world.


Bitcoin Wallet UK Offerings Rated

Blockonomics

Blockonomics has gradually become synonymous with the use of [cryptocurrencies](/news/article/impact-of-cryptocurrency-on-society) in electronic commerce (e-commerce) stores. Millions of people in today's world are open to the use of cryptocurrencies due to the possibilities of their underlying infrastructure in the form of blockchain technology. Unfortunately, many mainstream companies have yet to welcome the potential of cryptocurrencies, continuing to see cracks in the emerging asset class. 

To those still skeptical about e-commerce companies that support cryptocurrencies, Blockonomics has entered the crypto finance industry. It has the essential features to make decentralized finance transactions relatively easier for businesses and their customers.

## Blockonomics explained

As a Bitcoin payment service, [Blockonomics](https://www.blockonomics.co/merchants#/) enables its users to use its tools to accept and track Bitcoin payments. The service was launched in December 2014 when its Bitcoin wallet watcher was made available to the Bitcoin Talk Community.

Due to the project's uniqueness, around 5,000 people became registered users of the platform in January 2017. To bring mileage to the project, Blockonomics co-sponsored WordCamp Prague 2020 and saw more than 4,000 active WordPress installations. After overcoming the bears brought forth by the pandemic, which led the financial markets to their knees, the organization announced PrestaShop, an open-source e-commerce platform, as its official partner in April 2021. In July 2022, when the crypto market was healing from the bloodbath created by the collapse of the Terra ecosystem, Blockonomics became the most rated and used Bitcoin WHMCS plugin.  

The company is attuned to the current developments in the job environment and has a fully remote team distributed across several locations in Asia, Europe, and North America. 

As a payment gateway, Blockonomics has the necessary plugins that could be employed by online merchants that want to activate Bitcoin payments on their websites. Online merchants that settle on Blockonomics will see payments go directly to their wallets.

Due to the company's strong belief in decentralization, it has freed its clients from the essential element in centralized finance called Know Your Customer (KYC). The firm does not demand any documents from its customers, since the essence of blockchain technology, cryptocurrency, and Web3 is to decentralize all aspects of our lives. With no document reviews, online merchants set up accounts in less than five minutes using the company's technology.

Merchants can accept Bitcoin by connecting their accounts to popular e-commerce services such as Easy Digital Downloads, Prestashop, Opencart, Squarespace, Shopify, WordPress, WIX, and WHMCS. 

According to the official website of Blockonomics, payment links can be shared through email, social networks, and instant messaging to receive payment in Bitcoin. In addition, payment buttons can also be embedded on custom websites. 

## Does Blockonomics accept other cryptocurrencies?

Aside from the largest cryptocurrency exchange by trading volume in the form of BTC, the firm allows merchants to accept Bitcoin Cash (BCH). BCH is the native asset of Bitcoin Cash, a blockchain forked out of the original Bitcoin blockchain. BCH is primarily seen as the digital asset that performs the transactional attributes of [Bitcoin](/news/article/bitcoin-prime-review), while BTC is seen by many as a store of value. 

BCH remains a top 30 digital asset by market value despite shedding more than 90% of its all-time high (ATH) of [$4,355.62](https://coinmarketcap.com/currencies/bitcoin-cash/) in December 2017. Many people may ask why BCH was chosen ahead of others, such as Ethereum, and it's because BCH processes more transactions than BTC and ETH. ETH will be processing more transactions when its Proof-of-Stake (PoS) transition reaches full functionality. Also, BCH has a relatively lower processing (transaction) fee.

To contribute to the mission of Satoshi Nakamoto in reducing the reliance on centralized finance, Blockonomics does not charge fees for the first 20 payments received by merchants. After the 20th payment clears, the Bitcoin payment gateway charges a 1% fee for each transaction.

## Are there alternatives to Blockonomics? 

Like every product in the market today, this service has many competitors. Among them, Coinbase Commerce by Coinbase Global Inc., which runs the largest cryptocurrency exchange by trading volume in the US, is one of the biggest competitors.

This is because Coinbase Commerce is backed by a crypto exchange that houses many cryptocurrencies, giving customers options in crypto assets from which to choose. Aside from Coinbase, other alternatives include, but are not limited to, UberPay Multicoin Wallet, CoinGate, Coinomi, Mycelium Gear, Cryptopay, GoUril.io, GoCoin, OpenNode, Paytomat wallet, Plisio, Stampery, Flyp.me, Bitcompare, B2BinPay, CoinRemitter, PrivacyGate, WAGSI, Binocs, Payid19, Sendfy, and Confirmo. 

## Conclusion

Although Blockonomics may not be the best Bitcoin payment gateway in the current crypto environment, where more projects are added to the industry daily, it is one of the top gateways.

Online merchants do not have to deal with any middlemen, and there are no rules, regulations, or compliance requirements. Aside from that, even novice merchants can set up an account within minutes. The service also supports most wallets that can facilitate access to the Bitcoin network and store [BTC](/coins/btc), such as Ledger, Trezor, and Exodus.

Blockonomics operates within areas where malicious programs continue to prey on vulnerable applications. As a result, the company has the necessary security encryptions to safeguard the safety of transactions.


Blockonomics Explained

After [falling from more than $21k](https://in.tradingview.com/chart/?symbol=BITSTAMP%3ABTCUSD) on 6 November, 2022, to less than $16k on 20 November, Bitcoin has had a good start to December. The BTC price rose as high as $17,413.89 yesterday and was holding $17k into the Wall Street open today.

![btc 1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/btc_1_97f4521945.png)
  
Source: [TradingView](https://in.tradingview.com/chart/?symbol=BITSTAMP%3ABTCUSD) (BTC/USD)

BTC is trading at $17,002 at the time of writing. Will the BTC price today surpass $17.5k? With the festive season in full flow, how high will BTC trade by the end of this year?

## BTC price today: will Bitcoin cross $17.5k?

Having hit three-week highs, according to [TradingView data](https://www.tradingview.com/), Crypto Twitter (CT) certainly is upbeat!

According to Michael van de Poppe, CEO of the trading platform Eight, if Bitcoin cracks $17.4-17.6k, it is likely to gain momentum and rise to $19k. Having crossed $17.4k yesterday (5 December, 2022), it remains to be seen whether Bitcoin can sustain its price levels and continue to increase in price.

![btc 2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/btc_2_3d044f383f.png)
 
Source: [@CryptoMichNL](https://twitter.com/CryptoMichNL/status/1599680392470351873) (Twitter)

 Davinci Jeremie, a public speaker and crypto educator, posted an interesting tweet asking CT for their BTC price prediction this Christmas. 

![btc 3.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/btc_3_069c4b196a.png)

Source: [Davinci Jeremie](https://twitter.com/Davincij15/status/1598293243409895424) (Twitter)

 Now, what makes this tweet interesting is the (mostly) [positive outlook of CT](/news/article/elon-musk-twitter) heading into Christmas and, in particular, what Whale Coin Talk, a Web3 media group, had to say on the matter:

“So hard to put a number on this current market - would be best to see the volatility subside as we enter the New Year. Then maybe we can start discussing price predictions!"

While most of CT expects an upturn by Christmas, the [Whale Coin Team](https://twitter.com/WhaleCoinTalk) feels it is currently difficult to predict the BTC price. That said, if volatility subsides as we head into the New Year, as has been the case in early December, we could predict how Bitcoin may fare in early 2023.

## What to expect from BTC heading into the New Year

2022 has been nothing short of a rollercoaster ride, with all that has transpired with the Terra ecosystem and [FTX in particular](/news/article/bitcoin-investors-turn-to-self-custody).

Many projects are building towards a bull market. If Bitcoin holds its price levels, we may see a return to $20k sooner rather than later. If we don't have another calamitous project downfall this month, we could be in for a green Christmas and New Year (DYOR, NFA)!


BTC Price Today: Can Bitcoin Hold $17k?

The chairman of CFTC, the United States Commodities and Futures Trading Commission, Rostin Benham, declares that Bitcoin (BTC) is the only commodity cryptocurrency. He could have backtracked on his previous assertions about Ether (ETH), suggesting it could be a security.

## CFTC Flip-Flopping on Commodities 

Benham aired [his thoughts](https://fortune.com/crypto/2022/11/30/inaction-is-paralysis-cftc-chair-rostin-behnam-calls-for-regulation-in-the-wake-of-ftxs-collapse/) when he spoke about the future of crypto regulation at an invite-only event at Princeton University. The industry is still reeling from the aftershocks following the bankruptcy filing and subsequent [collapse of FTX](/news/article/ftx-collapse-blockfi-suspend-withdrawals). 

Commenting [via Twitter]https://twitter.com/saylor/status/1598163334934581248(), MicroStrategy CEO ardent Bitcoin maximalist Michael Saylor said Benham’s remarks denoted he was flip-flopping after often arguing to the contrary. Last October, the CFTC chair suggested that ETH may be considered a commodity, a position on crypto commodities also held by Security and Exchange Commission (SEC) Chairperson Gary Gensler. 

## Drawn-out debate

A drawn-out debate over which crypto assets qualify as commodities has persisted, with BTC almost always unanimously considered a non-security due to its decentralized nature. However, the status of ETH, Ripple (XRP), and several other altcoins has remained a hot potato.

The SEC is embroiled in a lawsuit with Ripple Labs due to the [confusion](/news/article/senate-bill-cftc-crypto). Gensler remains tight-lipped about the status of other cryptos, even though he's hinted repeatedly that most, including stablecoins, are securities. 

As FTX's financial regulator, the CFTC has been accused of getting into bed with the exchange and acting as a cheerleader for crypto, primarily due to its association with the ill-fated exchange. The regulator is in hot water for failing to conduct even minimal supervision or examination, presumably identifying deficiencies and failures that would have required enforcement action.  
    
## Too slow to provide regulatory standards 

Cryptocurrency industry players have heaped a barrage of criticism on US regulators, arguing that they were too slow in providing leadership and regulatory standards for the emergent industry. Coinbase CEO Brian Armstrong has recently opined that the degree of FTX's collapse could have been averted if clear standards checked the magnitude of global trading volume to exchanges abroad.

The CFTC chair, though, has defended himself, saying that besides the asset class being "unlike any commodity we have dealt with," his agency is starved of financial resources and hence unable to take appropriate enforcement action. Benham has [a date with authorities](https://www.reuters.com/technology/us-cftc-chair-be-questioned-over-ftx-collapse-by-lawmakers-2022-12-01/?rpc=401&) regarding his actions and whether the collapse of FTX could have been avoided.


CFTC Chair 'Flip-Flops' on Crypto

[Moonray](https://moonray.game/) is a blockchain game that allows you to earn money. It runs on the Cardano blockchain and is similar to other roleplaying games that use collectable cards as NFT.

It supports various game modes, including 4v4 arenas and large-scale battle royale environments. You can also fight against more than 50 other players in their melee battle royale map while exploring Moonray's captivating world.

## Moonray NFT explained

It is a surreal action roleplaying game that runs on PCs and consoles and employs blockchain technology. It runs on the [Cardano](/news/article/cardano-samsung-climate-change) blockchain and recently raised $3.5 million through the sale of collectable non-fungible tokens (NFTs) that will be used to build the project's [metaverse](/news/article/burberry-collection-minecraft-metaverse). 

The game is similar to hack and slash in that most battles will be melee battles with combat weapons such as swords and blades. Secondary weapons, such as guns, are sometimes used. Before the launch, the developers released a mini-game, Journey to Moonray, to showcase innovative algorithms and fluid movements.

The Moonray NFT project has raised eyebrows in the gaming community due to its use of the industry-leading game engine, Unreal Engine.

This blockchain game is built on [Bitcoin](/news/article/bitex-trade-bitcoin) via Stacks. This means that smart contracts with Bitcoin enable the development of applications while benefiting from the credibility and high security of the Bitcoin network.

It has recently moved to the Ethereum [blockchain](/news/article/what-is-blockchain). Its digital security enables the ledger to be more transparent for its users by using blockchain to authenticate transactions. The developers and creators of Moonray have yet to reveal more information about the game in general.

## What's Moonray's unique point?

Moonray stands out from other NFT games because of its distinctive and engaging soundtrack. Moonray chose the Walking With Elephants soundtrack, designed by Ten Walls, a musician well-known for his highly original music.

Players can anticipate that the soundtrack will flawlessly complement its visuals. Modern visual effects and beat-synchronised shaders abound in Moonray. Your adventure of world exploration includes these effects.

You can purchase dynamic shader skins in the game to personalise your character and gain new abilities with them. Moonray NFT is more appealing to gamers because it is fast-paced that relies on critical thinking rather than how quickly you can smash your keyboard.

## Tokenomics and monetisation strategy

As of right now, no official tokens have been released. Republic Crypto has announced that they will be working on the game's tokenomics. As with other NFT and blockchain games, players can expect two tokens: in-game currency and governance.

According to reports, Moonray will support multiple tokens, including their upcoming MNRY token. The [token](/news/article/time-tokens) is intended to improve the in-game functionality and utility.

## Bottom line

Moonray NFT is quite an ambitious project, in contrast to the vast number of blockchain-based games. It departs from the typical perception of NFT games, where the focus is frequently on trading rather than gameplay, and is something real gamers might be interested in.

The developers have already invested much money and time into the game to create a memorable, distinctive universe. They are still working on it because they want it to be a AAA multiplayer project.

There is every reason to believe that Moonray will become a revolutionary product on the market, serving as a bridge between the NFT trade and traditional games.



Moonray NFT: The Gaming Platform

The crypto winter has been a bloodbath for Bitcoin investors. Many have depleted their portfolios as they scramble to save what is left. However, following the fall of FTX, there's been an uptick in Bitcoin holders accumulating BTC in cold storage.

## FTX fall motivates self-custody

Recently, new highs were reached in the number of wallets holding 1 BTC or more. This is a positive indication that investors are determined to keep their Bitcoin holdings even when the price declines. Likewise, the number of wallets holding 10 BTC or less has also reached a record high.

The recent problem of insolvency among centralized exchanges has been linked to this recent accumulation in cold storage. The recent crashes of [FTX](https://www.theguardian.com/technology/2022/nov/18/how-did-crypto-firm-ftx-collapse), Voyager, Genesis, and other crypto firms have triggered negative sentiments in the market. Investors are increasingly worried they might lose their BTC if the exchange goes out of business.

Data from [Glassnode](https://studio.glassnode.com/metrics?a=BTC&m=distribution.BalanceExchanges&s=1570361904&source=content_type%3Areact%7Cfirst_level_url%3Aarticle%7Csection%3Amain_content%7Cbutton%3Abody_link&u=1587222400&zoom=) shows that, as a result, exchange balances have drastically decreased, with more than 177.9k BTC removed from exchanges in the last month. This trend will likely continue as investors become more aware of the risks of putting their money in centralized exchanges.

Bitcoin investors' withdrawals from centralized exchanges have also impacted exchange supply. Bitcoin available on exchanges has fallen to 11.99%, its lowest since December 2017.

Checkmate, the lead analyst at Glassnode, noted that this looks like at least a short-term movement towards self-custody, partly out of concern for CEX solvency.

## Hardware wallets enjoy good sales

A downturn in the market generally doesn't inspire the spirit of accumulation among investors. However, hardware wallets like [Trezor](/news/article/why-consider-a-trezor-wallet), Ledger, and ColdCard have experienced a surge in demand for their products.

Josef Ttek is a Bitcoin analyst at Trezor, one of the leading hardware wallet providers. He said there had been a 'dramatic increase' in demand for Trezor devices and the Trezor Suite.

"Normally, a bear market is rather a quiet period for us," he added. "This uplift in sales only shows how big of an impact the collapses of FTX and BlockFi have on people's trust in custodian services."

Trezor noted a [300% increase](https://cointelegraph.com/news/trezor-reports-300-surge-in-sales-revenue-due-to-ftx-contagion) in hardware sales following the FTX fiasco. Also, Relai, a Bitcoin exchange headquartered in Switzerland, has seen a similar rise in users and Bitcoin investors using their platform to trade.



Bitcoin Investors Turn to Self-Custody

Although Bitcoin has not been officially recognized as legal cash in Brazil, the country has enacted a law recognizing crypto as a valid payment method across the country, providing a regulatory boost to the growth of the digital currency industry.

The regulatory framework established by the Chamber of Deputies in Brazil makes it possible to utilize cryptocurrencies as legal tender. [Signed under the code PL 4401/2021](https://news.yahoo.com/brazil-legalizes-crypto-method-payment-042930754.html), the legislation expands the meaning of "payment agreements" to include virtual currencies and airline frequent flyer incentives (the popular "miles").

## Brazil crypto acceptance

Legislation approving cryptocurrency payments for goods and services, but stopping short of making them legal tender, has already passed both houses of parliament and only needs to be signed by the President of the Republic to become law.

When it comes to Bitcoin regulation and investor adoption, Brazil has made significant strides. As well as having the largest number of cryptocurrency exchange-traded funds (ETFs) in Latin America, most of the country's main banks and brokers also provide services related to cryptocurrency investments, such as custody or token offerings. One of Brazil's major private banks, Ita, is also looking into the possibility of tokenizing assets as part of a future suite of investor services.

Only tokens classified as securities fall within the jurisdictions of the CVM, Brazil's counterpart to the SEC. 

After the law goes into effect, it will be up to the executive arm of government (the president and its ministers) to decide the body or institution in charge of regulating the situation. The country's Central Bank and the CVM have been the primary public agencies active in the area thus far.

The Brazil crypto law also regulates the provision of services related to the custody and administration of cryptocurrencies by independent third parties, such as Bitcoin trading platforms. Although the law does not address the issue of a digital currency by the country's central bank, significant progress has been achieved in this area.

A crucial part of the Brazil crypto rules is that service providers must keep their own money separate from their customers' money [to avoid a repeat of the FTX case](/news/article/ftx-exchange-under-investigation), in which the exchange is accused of utilizing its customers' money for its financial operations.


Brazil Crypto Acceptance Official

According to [Coinmarketcap](https://coinmarketcap.com/currencies/bitcoin/), as of writing, the Bitcoin to pounds price is £17,469. It has decreased by 2.83% in the last 24 hours.

So far, 2022 hasn't been a good year for the leading cryptocurrency. However, the same can be said for the entire crypto market. Most cryptocurrencies have struggled this year.

[BTC](/coins/btc) started the year worth £34,225. By the end of the first month (January), it had lost more than £5K of its value. It ended the month worth £28,622.

For a short while, it picked up and traded above £30K before dropping to trading below £30K in May. 5 May was the last time its value was above £30K. The last time its value was above £20K was 13 June. Since then, it has traded between £19K and £16K, £16K being the least it has ever traded this year.

## BTC Is on the Fall

Considering its current price and market trend, BTC is not doing very well. However, many predict a profitable future for the coin. It is not the first time it has experienced such a bear run. The coin has always managed to come back strong.

[Priceprediction.net](https://priceprediction.net/en/price-prediction/bitcoin) predicts BTC might trade at £30,119  in 2023, £42,922 in 2024 and £61,168 in 2025. The site further predicts they might trade above £80K by 2026.

[Ambcrypto](https://ambcrypto.com/predictions/bitcoin-price-prediction) predicts the coin might trade at £71,394 in 2023, £94,241 in 2024, and £124,398 in 2025. According to the site, the coin might start trading above £170K in 2027, above £260K in 2028, and £340K in 2029.

[CryptoNewsZ](https://www.cryptonewsz.com/forecast/bitcoin-price-prediction/) doesn’t predict a promising future for the leading cryptocurrency as Ambcrypto and Priceprediction.net. According to the site, the coin might be worth £30,345 in 2023, £44,682 in 2024, and £54,485 in 2025. The coins will, however, not be able to trade above £80K even by 2030.

Knowing the crypto market and its volatility, some of the prediction platform's numbers may never come to fruition. However, most agree that the coins will see some price appreciation in the future, making them worth holding.
 


Bitcoin to Pounds

The[ Bitcoin](/news/article/feds-seize-bitcoin-stolen-crypto-scam) market faces volatility issues as FTX's downfall hits another crypto company, Genesis.

## Genesis Global Trading halts withdrawals and new loan originations

Grayscale Bitcoin Trust, the largest Bitcoin fund, dropped 7% on Wednesday as investors dumped more digital assets following the high-profile collapse of crypto exchange FTX last week.

Genesis Global Trading, a cryptocurrency investment bank, tweeted that the company was [temporarily halting withdrawals and new loan originations services](https://www.independent.co.uk/tech/bitcoin-price-genesis-crypto-latest-b2226380.html) because of FTX's fall.
 
![genesis crypto tweet](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/genesis1_720fa9e138.webp)

[Genesis](https://twitter.com/GenesisTrading), the most recent victim of FTX volatility, is owned by Digital Currency Group (DCG), which also owns Grayscale.

DCG tweeted that the freezing of Genesis' lending business did not affect the company or its wholly-owned subsidiaries.

Grayscale stated that its products would continue to be fully operational, and its underlying assets would be unaffected. Genesis said that it was working to prevent the same fate as FTX.

The company stated that it had hired the best advisors in the business to explore all potential options.

Further, in a tweet, the company said, "We will deliver a lending business plan next week." The crypto firm claimed that it is working tirelessly to figure out the best lending solutions, including, among other things, sourcing new liquidity.

## Bitcoin volatility

Following the news on Wednesday, the price of Bitcoin fell even further, with the cryptocurrency now trading just for $16.5K.

Bitcoin volatility has seen the value fall by more than 75% since reaching an all-time high of around $69,000 in November 2021. 

Following the collapse of FTX, Bitcoin volatility saw the price fall below $16,000 for the first time since November 2020, after several months of stability.

## Impact of FTX collapse

The collapse of [FTX](/news/article/what-is-ftx) shook the volatile cryptocurrency market, which lost billions of dollars in value.

The consequences of the company’s sudden collapse will probably affect cryptocurrencies for a very long time to come and may even cause broader market declines. Many crypto firms are severely affected by the company's[ bankruptcy news](/news/article/ftx-bankrupt-who-to-blame).


Bitcoin Volatility: Price Drops to $16.5K 

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