What to expect from Crypto this year?

                                                                                 This is what can happen with Crypto in 2023:                                                                           
• OECD's Crypto Tax Plans Will be Implemented in 2023.                                        
The OECD recently proposed a global taxation framework for digital currencies like Bitcoin and Ethereum, which would require digital currency exchanges to provide various pieces of customer information, including name, address, and taxpayer identification number, to governments.                                                           
The proposal also intends to impose taxes on any profits made from conversions of digital currencies into fiat currency.                                                                    
Should this framework be adopted, governments may have a better chance of ensuring digital currency holders pay appropriate taxes on their transactions - an outlook that raises questions about the potential use of this data for other purposes.                                                                       
But who know?                                                        
Keep an eye on these taxes, they will really impact crypto passive income and NFTs.                        
• CBDCs Are Coming in 2023.                          
Central Bank Digital Currencies (CBDCs) are digital renditions of traditional fiat currencies issued by central banks. They are said to provide the public with an electronic alternative to paper money.         
CBDCs are allegedly constructed upon distributed ledger technology (DLT) and supposedly are supported by the central bank.                                                                           
Nevertheless, skepticism still lurks around such government-backed digital currencies.                                                                                                                                                     Bitcoin halving?                                                                                     
• Bitcoin Mining.                                                  
The Bitcoin halving is a predetermined event that occurs every 210.000 blocks (roughly every four years) in the Bitcoin network.                                                                    
It cuts in half the number of new Bitcoins generated each time a block is mined on the Bitcoin blockchain. This event is meant to control the inflation rate of Bitcoin and keep its value relatively stable over time.                                                                                                                    This has been known to help Bitcoin's price value increase.                                                         
The next halving is in April 2024. That means from April 2023 there will be only 12 months remaining to build a Bitcoin portfolio before the halving.                             
• Development of DeFi (decentralized finance).                                                                    
DeFi will continue to expand and develop, with the possibility of new platforms and services emerging in this year.                                                                            
• Increased Security.                                           
With the development of new technologies, such as quantum computing, the security of crypto assets is likely to increase in the coming years.         
In order for investors to have faith in crypto again it will need to become more secure and safe to use.                                        
• Regulation of Crypto Markets.                    
Governments and financial institutions around the world will push towards establishing regulations for cryptocurrencies in 2023.                                  
• Expansion of Blockchain Applications.     
The use of blockchain technology will continue to expand, with the potential for new applications to emerge in the coming years.                                                         

Bitcoin Recovery?                                                                                                          The halving of Bitcoin gives me high hopes that it could bring a major spike in the asset's price. This is due to the limited supply of coins, and if people's demand for Bitcoin stays strong, we could be entering a period of great opportunity for early adopters.                                                                                                                                   There is no sure way to predict the future, but I do have optimism that the crypto bear market might begin to ease in 2023.