Market strategist predicts that gold will be the top performer compared to cryptocurrencies and stocks in 2023-

Gareth Soloway, President and chief market strategist at Inthemoneystocks.com, predicts that gold will surpass cryptocurrencies and shares in 2023. In an interview published on Thursday, Soloway emphasized his conviction that "gold will be the best performer this year", and explained that the US Federal Reserve will not lower the interest until a "massive evil recession" occurs.

gold will outperform larger assets in 2023: the market forecast of strategist Gareth Soloway

Many analysts, market strategists and economists make predictions about the prices and services of assets in 2023. Some predict that gold and cryptocurrencies will develop well, while others expect less favorable results.

on January 27, 2023, in an interview published on Thursday, Kitco News Anchor and producer David Lin spoken to Gareth Soloway, President of Inthemoneystocks.com and cryptocurrencies such as z bitcoin (btc) . Soloway expressed his firm confidence in the performance of gold this year and said Lin that it would outperform most of the important assets.

"I still think that gold will be the best performer [this year]," said Soloway as the host. "You can't avoid that the Fed is now leaving the interest where they are. You will probably put on a little more, but the bottom line is that you will not try to shorten until we see a massively bad recession," added the market strategist.

Not only the financial analyst Soloway believes that the gold price will increase this year. In the first week of 2023, bitcoin.com news dass " Experts suspect a significant increase in gold price. Robert Kiyosaki, author of the bestseller Rich Dad Poor Dad, forecast that gold will reach $ 3,800 per ounce and silver $ 75 per ounce in 2023.

The raw material analyst Mike McGlone from Bloomberg Intelligence also puts great hopes for gold, but predicts that cryptocurrencies such as Bitcoin will surpass most of the asset classes. Soloway does not expect a similar performance of bitcoin (btc) and suggests bitcoin could fall to $ 9,000 per coin. The manager of inthemoneystocks.com said:

I dare to say that Bitcoin is heading for twelve to thirteen thousand without the Fed's money printing and perhaps sinks to $ 9,000.

Soloway discussed his earlier market calls, which turned out to be correct, and explained that there was no instructions at the beginning of trade. He believes that trading courses can be an advantage for dealers.

Despite a previous increase of more than 40 % in 2023 and an increase of over 38 % in the last 30 days, Soloway pointed out bitcoin (btc) is still more than 65 % All -time high. With regard to Bitcoin Soloway said about the recent increase in Bitcoin: "It is a nice upswing", but he believes that Bitcoin believes that "Still in a general downward trend".

What do you think of Gareth Soloway's forecasts for gold and cryptocurrencies in 2023? Do you agree to his view or not and why? Share your thoughts in the comment area below.

Jamie Redman

Jamie Redman is the news manager at Bitcoin.com News and a Journalist for Financial Technology living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com news about the disruptive protocols that arise today.

Bedy verification : Shutterstock, Pixabay, Wikicommons