Could we be better off by having a harder asset to measure value? Is inflation a good thing or even inevitable? Is money printing ethical? Is infinite debt sustainable?

Bitcoin investor sentiment has reached a standstill amid struggling prices in the market. While the digital asset continues to hold the $16,000 level, investors have backed off from the market, ensuring no significant movements either up or down, and as a result, investor sentiment hasn’t moved.

For the majority of bulls, this has been a disappointing year, but that is not the story of Mark Cuban, who sees new possibilities in the bear market.

Arcane Research’s 2022 year-end report cited that 2022 was the second-worst-performing year for Bitcoin (BTC), as the leading crypto saw a 65% decrease throughout the year, only beaten by the 73% sink recorded in 2018.

Data shows Ethereum’s year of high correlation with Bitcoin is coming to an end with the metric hitting ATH values.

Reasons for bearishness include U.S. Federal Reserve tightening, the absence of leverage buyers' demand, and fearful BTC option traders.

The total supply of wallets holding between 0.1 Bitcoin (BTC) and 1 Bitcoin has surpassed 1 million coins, while the collective supply of wallets that hold between 1 BTC and 10 BTC topped 2 million.

Peter Schiff has taken to Twitter to say that Bitcoin prices will fall further in 2023, and Bitcoin holders’ confidence will be shaken. Schiff is a noted economist and skeptic of cryptocurrencies who has been expressing his skepticism through Musk’s Twitter.

Deaton’s remarks come after a former SEC employee suggested that BTC could be an unregistered security.

What is Bitcoin mining, and how does it work?