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Blatant contrasts determine Bitcoin forecasts for 2023

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Experts vary between a rally of 1400 percent and a slump of 70 percent. Also: Tesla disappoints expectations and Baidu’s business with virtual people.

How will the cryptocurrency Bitcoin develop in 2023? The forecasts vary widely.
Picture Alliance | Christian Ohde

Good morning! While you slept, work continued elsewhere in the digital scene.

The top topics:

2022 was a tough year for crypto: More than 1.3 trillion US dollars in value were swept from the market, prominent company bankruptcies such as that of the crypto exchange FTX made the headlines. Bitcoin, the most famous digital coin in the world, experienced a price drop of more than 60 percent. In this respect, it is perhaps not surprising that the experts’ forecasts for 2023 differ widely.

The US broadcaster CNBC has summarized the most important voices in the market: crypto supporters and investors Tim Draper continues to approach the new year with optimism. He believes that Bitcoin will break the $250,000 mark by mid-2023. The bench Standard Chartered on the other hand, sees the future of the cryptocurrency as anything but rosy and believes that it will lose another 70 percent of its current value and end up at $5000. Even the experienced investor Mark Mobius believes the bottom is not yet in: he is betting on a price of $10,000 in 2023. Carol Alexandera professor of finance at Sussex University, on the other hand, sees Bitcoin price around $30,000 in Q1 and around $50,000 in Q3 or Q4. [Mehr bei CNBC]

On start-up scene: To understand how a really good investor presentation looks, has Harry Stebbings already asked a number of well-known investors, from Guy Kawasaki over Mark Cuban until Gary Vaynerchuck. He’s like with VC greats Accel, index and light speed spoken. And as an investor, he looks at a lot of pitch decks himself. He wrote down five not-to-dos for founders. [Mehr bei Gründerszene]

And here are the other headlines of the night:

Tesla delivered more vehicles in the fourth quarter than a year ago, but less than experts expected. Deliveries increased by almost a third to around 405,000 vehicles. Industry experts had assumed almost 421,000 cars. The US electric car maker struggled with logistics problems and falling demand due to rising key interest rates and fears of a recession. For the year, Tesla has delivered about 1.3 million electric vehicles, a 40 percent increase over the previous year. [Mehr bei Handelsblatt und Wall Street Journal]

baidu has announced that the number of Virtual People projects has doubled since last year. The Chinese tech company is offering virtual people between $2,800 and $14,300 a year. The products are a combination of animation, sound engineering and machine learning that can sing and even interact in a live stream. Customers include financial services companies, local tourism associations and state media, Baidu said. [Mehr bei CNBC]

ex-employee of FTX and other failed crypto companies are likely to face additional scrutiny in their job hunts. Recruiters told the Wall Street Journal this assumption. Her tip for applicants is to be as transparent as possible about their previous employment and to address the issue early in the application process. Above all, the fraudulent practices at FTX are an “elephant in the room”, i.e. a problem that is in the room and needs to be addressed. [Mehr bei Wall Street Journal]

tiktok could have a future in the US if the Chinese company’s video app Bytedance would be sold to an American company. That’s what Republican Congressman Mike Gallagher, one of the lawmakers who recently introduced legislation banning Tiktok in the US, said in a televised interview. He called a sale “an acceptable outcome.” [Mehr bei NBC]

Tech and gaming companies in California with at least 15 employees have had to show more transparency with salaries since the turn of the year and also provide information on the expected basic salary in job advertisements. However, some companies already seem to be circumventing this new rule by specifying very wide ranges. An example: Who at Riot Games Senior VFX Artist who wants to create special effects for the online game “League of Legends” can earn between $123,000 and $171,000 annually in Los Angeles. [Mehr bei Spiegel]

Our reading tip on Gründerszene: Three years ago, two men founded in Kempten numbat – today they negotiate deals with the largest trading companies in Germany and make millions in sales in supermarket parking lots. [Mehr bei Gründerszene]

Don’t want to miss anything? Then subscribe to our Gründerszene newsletter! It appears every morning at 8:30 a.m. and brings you all the important news straight to your inbox.

Happy Tuesday!

Your Gründerszene editors

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Can lead to diarrhea and vomiting: well-known brand of potato chips under criticism

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Around 6.55 million people ate potato sticks or chips several times a week last year. The popular snack comes in a wide variety of flavors, shapes and colors. Stiftung Warentest examined a total of 25 corresponding products in the 11/2022 issue. In addition to the classic potato chips, the experts also tested stacked chips and other potato snacks. In addition to the sensory properties such as appearance, smell and taste, the evaluation also focuses on the ingredients. For example, the products were also examined for harmful substances in the laboratory.

And the experts had a lot to criticize: well-known brands and organic products were particularly disappointing in the test. The testers not only rated the taste of some chips negatively. There are also point deductions for critical ingredients.

Not a single product scores “very good”. Eight out of 25 are “good” after all, another six are still “satisfactory”. Six more chips packs only cut off “sufficient”. Five potato snacks fail with the rating “poor”.

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This is how great-grandma saved energy: the cooking box is back in fashion

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Building a cooking box isn’t complicated – it’s more or less a large thermos, but for cooking pots. This used to be built with existing household materials.

For example, a large box lined with wood wool and textiles was used for this. The pot is placed in a suitably prepared recess, then it is covered with thick fabric and the box is closed.

If you want to try the effect without going to the hardware store, you can simply stuff thick down comforters or pillows into a sufficiently large box. It is important that the pot is well insulated on all sides. In addition, you should only use bedding that you do not need at the moment, otherwise you will smell like lunch when you sleep.

Tip: It is best to wrap the pot in an old towel so as not to soil the other textiles.

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Save over 100 euros: Saeco coffee machine at Media Markt

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If you don’t just want to drink coffee specialties outside of the house, but also within your own four walls, you are well advised to use a fully automatic coffee machine. Technology giant Media Markt has reduced the Saeco GranAroma Deluxe by 18 percent during the “insane quick sale”, so that the model goes over the online shop counter for just 777 euros. According to the comparison portal idealo, there is a whopping saving of around 125 euros compared to other online shops. Top: There are no additional costs for the delivery (all prices and information – as of February 3, 2023).

Saeco machine for 777 euros at Media Markt

With the Saeco GranAroma Deluxe you can prepare 18 different creations, including espresso, cappuccino and latte macchiato. Practical: the strength, amount of coffee and milk, temperature, taste, amount of milk froth and even the order of coffee and milk can be individually adjusted. It is operated via the five-inch color display with touchscreen. The Saeco comes with a two-cup function and a coffee spout with LED lighting. The external milk container has a special technology designed to create firm milk froth with a fine texture.

  • 12-stage ceramic grinder; 15 bar pump pressure
  • 1.8 liter water tank; 300 gram bean box; 18 recipes
  • Around 125 euros compared to the competition save

Saeco GranAroma Deluxe at Media Markt

Vouchers with savings potential

You will not only find great offers at Media Markt, but also at other online retailers. With a suitable Galaxus voucher, you can save even more on electronics, furniture and toys.

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