Trends can change on a dime. But then again, perhaps after the FTX-flavored gloom of the last two months, speculating on 2023 is exactly what we need to cleanse the palate. Crypto2023, presented by Bitstamp.
Think back to one year ago. Bitcoin traded at around $50,000, you couldn’t watch sports without seeing a crypto advertisement, and you could get rich – or at least it felt that way – by minting a non-fungible token of your left nostril.
“As we enter 2023, what happens with crypto funding in Q1 will be critical as to whether we stay in a sustained bear market,” suspects Jamie Burke, CEO and founder of Outlier Ventures. On the one hand, he notes that “the strength of the venture market has persisted, with billions of funding still pouring into the space and high levels of capital waiting to be deployed,” and that “we have seen a record number of applications in our most recent cohorts for 2022.
As to what that could mean for the space at large? Or how else crypto might twist and turn in 2023? We’ve rounded up predictions from smart people in the space – from the bullish to the skeptical.The exact outcome is anyone’s guess, but 2023 could be the year where the clashes over regulation finally reach their climax.
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