{"id":512434,"date":"2022-12-14T10:30:40","date_gmt":"2022-12-14T15:30:40","guid":{"rendered":"https:\/\/ktsl888.com\/?p=512434"},"modified":"2024-06-11T14:31:57","modified_gmt":"2024-06-11T14:31:57","slug":"vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/","title":{"rendered":"VanEck\u2019s Bitcoin Prediction Stands At $10K-$12K By Q1 2023"},"content":{"rendered":"

VanEck is one of a handful of companies that continues to fight for the approval of a Bitcoin Spot ETF. The U.S. investment management firm received a resounding rejection from the U.S. Securities and Exchange Commission in November 2021 after a three-year battle.<\/p>\n

Just six months later, on June 24 of this year, VanEck reapplied for approval of a physically-backed Bitcoin ETF all over again. The SEC\u2019s decision is currently\u00a0pending<\/a>.<\/p>\n

Despite this support, the investment firm has made a bearish prediction for BTC into the first quarter of 2023. Matthew Sigel, head of digital asset research at VanEck, shared this assessment in a recent media\u00a0presentation<\/a>.<\/p>\n

BTC Price Could Drop To $10,000<\/h2>\n

\u201cLooking ahead, Bitcoin could test $10,000-$12,000 as Bitcoin miner bankruptcies increase due to the drop in Bitcoin value and increasing electricity costs,\u201d VanEck predicts.<\/p>\n

Related Reading:\u00a0Bitcoin Price Hints At Potential Reversal, Buy The Dip?<\/a><\/div>\n

The investment firm believes that many miners will be forced to restructure or merge in order to find capital during difficult times. As Siegel explained, the mining industry is in a tremendous stress situation.<\/p>\n

We have an index which tracks the publicly traded companies in this sector; the median market cap is now below $200 million, and every one of these companies is burning cash, trading well below book value.<\/strong><\/p><\/blockquote>\n

In recent months, BTC has traded like a risk asset, Siegel said. What is surprising to the company, however, is its sensitivity to higher interest rates.<\/p>\n

\n
\n
\n
\n
\n
\n
\n
VanEck sees one reason for this in policy responses to inflation in developed countries, which have capped energy prices and expanded sanctions against Russia. This has been a difficult proposition for Bitcoin mining, Sigel elaborated.<\/div>\n
<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
Related Reading:\u00a0Bitcoin Price Breaks Above $18,200 \u2013 CPI Data Comes In Better Than Expected<\/a><\/div>\n

Still, VanEck is optimistic that the BTC price could rebound to $30,000 in the second half of 2023 as inflation declines. Looking further, the investment firm points to the halving in 2024, an event that traditionally drives up BTC\u2019s value.<\/p>\n

Bitcoin Miner Capitulation In Full Swing<\/h2>\n

As NewsBTC\u00a0reported<\/a>, the second Bitcoin miner capitulation within one cycle has already started two weeks ago. Charles Edwards of Capriole Investments reported on November 28 that the hash ribbons had confirmed the start of the capitulation.<\/p>\n

\n
\n
\n
\n
\n
\n
\n
Glassnode\u2019s latest \u201cBitcoin miner net position change\u201d data shows that miners have sold aggressively in the last two weeks, to an extent that historically has only been higher in early 2021.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
\"Bitcoin
Bitcoin miner net position change (7d moving average). Source:\u00a0Twitter<\/a><\/figcaption><\/figure>\n

Historically, miner capitulation has lasted an average of 48 days, so an end to the selling pressure could be foreseeable by mid-January 2023. However, this is not in line with VanEck\u2019s Bitcoin prediction, which foresees a longer bear market.<\/p>\n

Despite the fact that miners have clearly given up their BTC holdings in the last week, the interesting thing about this currently is that the price of BTC is showing an upward trend.<\/p>\n

\"Bitcoin
BTC price, 4-hour chart. Source:\u00a0TradingView<\/a><\/figcaption><\/figure>\n

At press time, BTC was trading at $17,882, with today\u2019s\u00a0FOMC meeting<\/a>\u00a0starting at 14:30 ET very likely to have a significant impact on price action in the coming weeks.<\/p>\n","protected":false},"excerpt":{"rendered":"

VanEck is one of a handful of companies that continues to fight for the approval of a Bitcoin Spot ETF. The U.S. investment management firm received a resounding rejection from the U.S. Securities and Exchange Commission in November 2021 after a three-year battle. Just six months later, on June 24 of this year, VanEck reapplied for approval of a physically-backed Bitcoin ETF all over again. The SEC\u2019s decision is currently\u00a0pending. Despite this support, the investment firm has made a bearish prediction for BTC into the first quarter of 2023. Matthew Sigel, head of digital asset research at VanEck, shared this assessment in a recent media\u00a0presentation. BTC Price Could Drop To $10,000 \u201cLooking ahead, Bitcoin could test $10,000-$12,000 as Bitcoin miner bankruptcies increase due to the drop in Bitcoin value and increasing electricity costs,\u201d VanEck predicts. Related Reading:\u00a0Bitcoin Price Hints At Potential Reversal, Buy The Dip? The investment firm believes that many miners will be forced to restructure or merge in order to find capital during difficult times. As Siegel explained, the mining industry is in a tremendous stress situation. We have an index which tracks the publicly traded companies in this sector; the median market cap is now below $200 million, and every one of these companies is burning cash, trading well below book value. In recent months, BTC has traded like a risk asset, Siegel said. What is surprising to the company, however, is its sensitivity to higher interest rates. VanEck sees one reason for this in policy responses to inflation in developed countries, which have capped energy prices and expanded sanctions against Russia. This has been a difficult proposition for Bitcoin mining, Sigel elaborated. Related Reading:\u00a0Bitcoin Price Breaks Above $18,200 \u2013 CPI Data Comes In Better Than Expected Still, VanEck is optimistic that the BTC price could rebound to $30,000 in the second half of 2023 as inflation declines. Looking further, the investment firm points to the halving in 2024, an event that traditionally drives up BTC\u2019s value. Bitcoin Miner Capitulation In Full Swing As NewsBTC\u00a0reported, the second Bitcoin miner capitulation within one cycle has already started two weeks ago. Charles Edwards of Capriole Investments reported on November 28 that the hash ribbons had confirmed the start of the capitulation. Glassnode\u2019s latest \u201cBitcoin miner net position change\u201d data shows that miners have sold aggressively in the last two weeks, to an extent that historically has only been higher in early 2021. Bitcoin miner net position change (7d moving average). Source:\u00a0Twitter Historically, miner capitulation has lasted an average of 48 days, so an end to the selling pressure could be foreseeable by mid-January 2023. However, this is not in line with VanEck\u2019s Bitcoin prediction, which foresees a longer bear market. Despite the fact that miners have clearly given up their BTC holdings in the last week, the interesting thing about this currently is that the price of BTC is showing an upward trend. BTC price, 4-hour chart. Source:\u00a0TradingView At press time, BTC was trading at $17,882, with today\u2019s\u00a0FOMC meeting\u00a0starting at 14:30 ET very likely to have a significant impact on price action in the coming weeks.<\/p>\n","protected":false},"author":571,"featured_media":511295,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,14829],"class_list":["post-512434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-vaneck"],"acf":[],"yoast_head":"\nVanEck\u2019s Bitcoin Prediction Stands At $10K-$12K By Q1 2023<\/title>\n<meta name=\"description\" content=\"\u201cLooking ahead, Bitcoin could test $10,000-$12,000 as miner bankruptcies increase due to the drop of Bitcoin price,\u201d VanEck predicts.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VanEck\u2019s Bitcoin Prediction Stands At $10K-$12K By Q1 2023\" \/>\n<meta property=\"og:description\" content=\"\u201cLooking ahead, Bitcoin could test $10,000-$12,000 as miner bankruptcies increase due to the drop of Bitcoin price,\u201d VanEck predicts.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-14T15:30:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:31:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/iStock-1403389740.jpg?fit=1365%2C768\" \/>\n\t<meta property=\"og:image:width\" content=\"1365\" \/>\n\t<meta property=\"og:image:height\" content=\"768\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jake Simmons\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/realJakeSimmons\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jake Simmons\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/\"},\"author\":{\"name\":\"Jake Simmons\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\"},\"headline\":\"VanEck\u2019s Bitcoin Prediction Stands At $10K-$12K By Q1 2023\",\"datePublished\":\"2022-12-14T15:30:40+00:00\",\"dateModified\":\"2024-06-11T14:31:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/\"},\"wordCount\":527,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/iStock-1403389740.jpg?fit=1365%2C768\",\"keywords\":[\"bitcoin\",\"btc\",\"VanEck\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/\",\"url\":\"https:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/\",\"name\":\"VanEck\u2019s Bitcoin Prediction Stands At $10K-$12K By Q1 2023\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/iStock-1403389740.jpg?fit=1365%2C768\",\"datePublished\":\"2022-12-14T15:30:40+00:00\",\"dateModified\":\"2024-06-11T14:31:57+00:00\",\"description\":\"\u201cLooking ahead, Bitcoin could test $10,000-$12,000 as miner bankruptcies increase due to the drop of Bitcoin price,\u201d VanEck predicts.\",\"breadcrumb\":{\"@id\":\"https:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/#primaryimage\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/iStock-1403389740.jpg?fit=1365%2C768\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/iStock-1403389740.jpg?fit=1365%2C768\",\"width\":1365,\"height\":768,\"caption\":\"Bitcoin doom\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ktsl888.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"VanEck\u2019s Bitcoin Prediction Stands At $10K-$12K By Q1 2023\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ktsl888.com\/#website\",\"url\":\"https:\/\/ktsl888.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ktsl888.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ktsl888.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/ktsl888.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028\",\"name\":\"Jake Simmons\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g\",\"caption\":\"Jake Simmons\"},\"description\":\"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with ktsl888.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons\"],\"url\":\"https:\/\/ktsl888.com\/author\/marcusmisiak\/\"}]}<\/script>\n","yoast_head_json":{"title":"VanEck\u2019s Bitcoin Prediction Stands At $10K-$12K By Q1 2023","description":"\u201cLooking ahead, Bitcoin could test $10,000-$12,000 as miner bankruptcies increase due to the drop of Bitcoin price,\u201d VanEck predicts.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/","og_locale":"en_US","og_type":"article","og_title":"VanEck\u2019s Bitcoin Prediction Stands At $10K-$12K By Q1 2023","og_description":"\u201cLooking ahead, Bitcoin could test $10,000-$12,000 as miner bankruptcies increase due to the drop of Bitcoin price,\u201d VanEck predicts.","og_url":"https:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2022-12-14T15:30:40+00:00","article_modified_time":"2024-06-11T14:31:57+00:00","og_image":[{"width":1365,"height":768,"url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/iStock-1403389740.jpg?fit=1365%2C768","type":"image\/jpeg"}],"author":"Jake Simmons","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/realJakeSimmons","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Jake Simmons","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/#article","isPartOf":{"@id":"https:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/"},"author":{"name":"Jake Simmons","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028"},"headline":"VanEck\u2019s Bitcoin Prediction Stands At $10K-$12K By Q1 2023","datePublished":"2022-12-14T15:30:40+00:00","dateModified":"2024-06-11T14:31:57+00:00","mainEntityOfPage":{"@id":"https:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/"},"wordCount":527,"publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"image":{"@id":"https:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/iStock-1403389740.jpg?fit=1365%2C768","keywords":["bitcoin","btc","VanEck"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/ktsl888.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/","url":"https:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/","name":"VanEck\u2019s Bitcoin Prediction Stands At $10K-$12K By Q1 2023","isPartOf":{"@id":"https:\/\/ktsl888.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/#primaryimage"},"image":{"@id":"https:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/#primaryimage"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/iStock-1403389740.jpg?fit=1365%2C768","datePublished":"2022-12-14T15:30:40+00:00","dateModified":"2024-06-11T14:31:57+00:00","description":"\u201cLooking ahead, Bitcoin could test $10,000-$12,000 as miner bankruptcies increase due to the drop of Bitcoin price,\u201d VanEck predicts.","breadcrumb":{"@id":"https:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/#primaryimage","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/iStock-1403389740.jpg?fit=1365%2C768","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/iStock-1403389740.jpg?fit=1365%2C768","width":1365,"height":768,"caption":"Bitcoin doom"},{"@type":"BreadcrumbList","@id":"https:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ktsl888.com\/"},{"@type":"ListItem","position":2,"name":"VanEck\u2019s Bitcoin Prediction Stands At $10K-$12K By Q1 2023"}]},{"@type":"WebSite","@id":"https:\/\/ktsl888.com\/#website","url":"https:\/\/ktsl888.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/ktsl888.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ktsl888.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ktsl888.com\/#organization","name":"NewsBTC","url":"https:\/\/ktsl888.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/ktsl888.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/d4fcdbfaec61dd668092ba3f4d318028","name":"Jake Simmons","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ktsl888.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b1c6e6bccf4fbe757cbc0396eeac0abf?s=96&d=mm&r=g","caption":"Jake Simmons"},"description":"Jake Simmons, a dedicated crypto journalist, has been passionate about Bitcoin since 2016 when he first learned about it. Through his extensive work with ktsl888.com and Bitcoinist.com, Jake has become a trusted voice in the crypto community, guiding newcomers and seasoned enthusiasts alike towards a deeper understanding of this dynamic field. His mission is simple yet profound: to demystify Bitcoin and cryptocurrencies and make them accessible to everyone. With a professional career in the Bitcoin and crypto scene that began right after graduating with a degree in Information Systems in 2017, Jake has immersed himself in the industry. Jake joined the NewsBTC Group in late 2022. His educational background provides him with the technical prowess and analytical skills necessary to dissect complex topics and present them in an understandable format. Whether you are a casual reader curious about Bitcoin or an investor seeking to navigate the latest market trends, Jake\u2019s insights offer valuable perspectives that bridge the gap between complex technology and everyday usage. Jake is not just a reporter on technological trends; he is a firm believer in the transformative potential of Bitcoin over traditional fiat currencies. To him, the current financial system is on the brink of chaos, propelled by unchecked government actions and flawed Keynesian economic policies. Drawing from the principles of the Austrian school of economics, Jake views Bitcoin not merely as a digital asset but as a crucial step towards rectifying a failing monetary system. His libertarian views reinforce his stance that just as the church was separated from the state, so too should money be freed from governmental control. For Jake, Bitcoin represents more than just an investment; it's a peaceful revolution. He envisions a future where Bitcoin fosters a sustainable and responsible financial framework for generations to come. His advocacy is not about opposition but about evolution, about laying the groundwork for a system that prioritizes transparency and equity over secrecy and inequality. As a journalist, Jake\u2019s articles are crafted with the precision of a scholar and the passion of a true believer. He provides not only news but also thoughtful analysis that connects the dots between daily developments and larger economic theories. His work is a beacon for those lost in the technical jargon often associated with crypto discussions, illuminating the practical implications and benefits of these technologies. In summary, Jake Simmons is not just reporting on a revolution; he wants to be part of it, fully committed to enhancing public understanding and adoption of Bitcoin and cryptocurrencies. His work is more than just a collection of articles; it\u2019s a resource, a guide, and a companion for anyone ready to explore the potential of this digital frontier. Whether you are taking your first steps into crypto or are a veteran looking to stay on top of the latest trends, Jake\u2019s insights provide clarity and foresight in an often unpredictable industry. Join him on this journey to reshape the world of finance, one post at a time. You can engage with his latest takes on Twitter: @realJakeSimmons.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/realJakeSimmons"],"url":"https:\/\/ktsl888.com\/author\/marcusmisiak\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"VanEck\u2019s Bitcoin Prediction Stands At $10K-$12K By Q1 2023","url":"http:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/iStock-1403389740.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/iStock-1403389740.jpg?fit=1365%2C768"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Jake Simmons"}],"creator":["Jake Simmons"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","vaneck"],"dateCreated":"2022-12-14T15:30:40Z","datePublished":"2022-12-14T15:30:40Z","dateModified":"2024-06-11T14:31:57Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"VanEck\\u2019s Bitcoin Prediction Stands At $10K-$12K By Q1 2023\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/vanecks-bitcoin-prediction-stands-at-10k-12k-by-q1-2023\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/iStock-1403389740.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/iStock-1403389740.jpg?fit=1365%2C768\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Jake Simmons\"}],\"creator\":[\"Jake Simmons\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"vaneck\"],\"dateCreated\":\"2022-12-14T15:30:40Z\",\"datePublished\":\"2022-12-14T15:30:40Z\",\"dateModified\":\"2024-06-11T14:31:57Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/iStock-1403389740.jpg?fit=1365%2C768","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/512434"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/571"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=512434"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/512434\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/511295"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=512434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=512434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=512434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}