Cryptoverse: Bitcoin defies its doubters in 2023
Published by
Reuters UK
Reuters UK
(This Dec. 12 story has been corrected to fix the spelling of Kelvin Koh’s name in paragraph 3) By Medha Singh and Lisa Pauline Mattackal (Reuters) – If 2022 was the year that “broke bitcoin”, 2023 has been the year of trauma recovery. Bitcoin has bounced pluckily in the face of depressed crypto prices, low trading volumes and tough economic conditions. It even found a second wind in October following a summer slump. “We’ve had a nice recovery, but we’re just in the cusp of the new cycle,” said Kelvin Koh, co-founder and managing partner at investment firm Spartan Group. Indeed, 2023 has been …