Three Reasons Behind Bitcoin’s 2023 Resurgence

This is an opinion editorial by Chen Fang, the COO of BitGO, a Bitcoin-focused regulated custody and financial services firm. A challenging 2022 prompted Bitcoin skeptics to gleefully say “I told you so” and declare that Bitcoin was dead and buried. But, much to their chagrin, their victory lap ended up being premature. Bitcoin has come roaring back in 2023, ending these premature celebrations and taking back some of its 2022 losses with a massive year-to-date gain of over 60% as of this writing so far in 2023. Here are…

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