Will 2023 be THE year for Bitcoin [BTC] despite the U.S huffing and puffing?

'The U.S, considering its status as a superpower, will lead the definition of what a cryptocurrency is. In fact, part of the reason why global adoption has not accelerated the way it should have is because the U.S keeps checking its steps.'

In fact, Bitcoin hit a two-year low of $15,480 in November 2022, a fall that was made worse by macroeconomic factors. Similarly, its March 2023 gains were largely in part caused by the government’s assurance that depositors would have access to all their funds postJoel Kruger, market strategist at LMAX Group, acknowledged Bitcoin’s 2023 growth as a positive sign, saying,

“Short-term setbacks are nothing more than compelling opportunities to build long-term exposure to Bitcoin. Investors will likely favor a, limited-supply, fully decentralized asset that’s been built to appreciate in value over time.” If the SEC does win this case, most cryptocurrencies would have to fall under a “security” of some kind, marking it under a regulatory body’s umbrella.

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