BTC continued to rally earlier this week, hitting a monthly high of $45,000, and despite some correction in the cryptocurrency, the overall sentiment remains bullish.

However, some experts are warning that bitcoin and other cryptocurrencies could fall further, and by a lot.

Is BTC worth the path to falling to $10,000 in 2023? Let’s try to get the opinions of experts.

Barry Bannister, chief strategist at Stifel, spoke in an interview with Barron’s about the possibility of BTC/USD falling to $10,000 under the influence of the Fed’s actions.

“When the Fed tightens [monetary policy], bitcoin is not a good place to invest,” he said, adding, “Because of excessive Fed tightening, bitcoin will fall to $10,000 by 2023.

He explained that BTC is “a very powerful way to play on Fed money losing or gaining value.” History shows that when Fed monetary policy is weak, bitcoin rises. When Fed policy is reversed with monetary tightening, bitcoin falls, which Bannister says has been happening since 2012.

“The Fed has stated that ‘we’re not going to give you money for free forever,'” Bannister summarized. – “That may have a marginal effect this year, but in 2023, the Fed will probably go too far and bitcoin will be crushed,” he added, noting that the Fed has a habit of tightening its policy “until the straw breaks the camel’s back. It tightens too much, the market cracks, and you end up with a bear market – that’s the whole story.”

Another expert, Vikram Mansharanmani, a lecturer at Harvard University, also warned that turbulence for bitcoin and other cryptocurrencies in general is far from over, also pointing out that monetary policy is currently the most important factor affecting the price of BTC.

“I think there’s going to be a lot of activity in decentralized finance and cryptocurrencies,” he told Yahoo Finance. – It’s going to be a really exciting world in the 5-year timeframe and beyond.”

There will be a lot of volatility, he added. You should ‘buckle up’ and go for a ride, but it will probably be fine.”

“I think we have to pay attention to what is happening with central banks,” he emphasized. – “If their political motivation is to constantly print money and devalue currencies, then investors, to hedge against that risk, should buy currencies that can’t be printed, things that will always be in short supply.

Historically it has been gold, silver, precious metals. But in the modern age, a digital age that may attract young people and those people who are more digitally adaptable, you would think that cryptocurrencies and bitcoin could be a digital version of non-print currency, Bannister emphasized.