CryptoWatch: Best Crypto to Buy for Christmas; FTX's Impact on Employees; Bitcoin Will Rise in 2023

Last week, CryptoWatch compiled all the most important news and data for the cryptocurrency business, disseminating all the most recent insider information. One of these is the potential increase of Bitcoin in 2023, when Tim Draper predicted that its value may rise to $250,000. Tim Draper predicts that by the middle of 2023, Bitcoin will reach $250,000 According to Tim Draper, who spoke with CNBC, there are enormous expectations for Bitcoin for the upcoming midyear in 2023, which would be around June or July of that year. He still thinks that Bitcoin will gain in value over the course of the coming year, but he makes a crazy prediction that it would rise by 1,400% from its current value of roughly $17,000. According to Draper, many cryptocurrencies will fail in the upcoming months, and those that do will be the "weaker cryptocurrencies" that will vanish from existence. On the other hand, Bitcoin will continue to lead the market and maintain sway. [caption id="attachment_70995" align="aligncenter" width="2560"] image credits- Forbes[/caption] There is currently no evidence to support Draper's bold forecast that Bitcoin will expand significantly over the course of the upcoming year. In addition to being a "Shark Tank" judge and market investor, Kevin O'Leary is well-known for his work as a paid advocate for FTX, the former bitcoin exchange business founded by Sam Bankman-Fried. But following the recent collapse and bankruptcy of the well-known cryptocurrency exchange, his $15 million salary from the business also vanished. O'Leary reportedly lost all of his $9 million worth of investments in cryptocurrency holdings in addition to his $1 million stake in FTX equities, according to CNBC. The remaining four million dollars were all spent on taxes and commissions. Christmas is a time for giving, but it's also a time to treat yourself to things that will make you pleased and happy in life. Here are the top coins that, before 2022 ends and the New Year enters the picture, will undoubtedly make your holiday season, whether for financial purposes or as a gift for friends.