Summary
In 2023, CLSA predicted market fluctuations, but the market performed well with bitcoin rising 94% and ether rising 47% over the last year.
Key Points
1) CLSA, a Hong Kong-based brokerage firm, predicted in a January note that 2023 will see market fluctuations, attributing a calmer outlook to the Year of the Rabbit.
2) The firm advised investors to venture beyond their comfort zones cautiously, suggesting that there may be opportunities for growth and potential risks in the market.
3) The market “hopped” back from its dismal 2022 performance, with bitcoin experiencing a significant jump of nearly 94% over the last year, while ether (ETH) also rose by 47%.