BitMEX Releases 2023 Crypto Outlook: Three Scenarios of Crypto

• BitMEX analyzed the three scenarios the crypto industry would view in the upcoming years.
• The most likely scenario is that the crypto would eliminate the risk factors when Fed slows down interest rates.
• A “less likely” hypothesis is the possibility of an extended bear market if the inflation remains high.

BitMEX, the cryptocurrency platform, and derivative trading platform released the crypto forecasting for the current year, under the title “Crypto Outlook- Fundamentals vs. Sentiment: Three Scenarios to Watch in 2023”. The report analyses the impact of macroeconomic factors and volatile central bank policies on the evolution of the crypto sector in the coming years.

Notably, as the title of the report suggests, its basic agenda is to discuss three scenarios the crypto industry could possibly witness depending on the crypto regulators’ policies.

Initially, BitMEX asserted that the crypto industry would recover from the risky environment, citing “Risk Appetite Recovers,” provided, the Federal Reserve slows down the rate at which it hikes interests.

Interestingly, Stephen Lutz, the Acting CEO of BitMEX, commented that the “policy stance wi…

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