10 Predictions for the Future of Crypto in 2023

[technician]

What does the next year hold for crypto? We’ve rounded up predictions from smart people in the space – from the bullish to the skeptical.

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 (NFT) of your left nostril.
At the time, who could have predicted the collapse of Celsius Network and Voyager Digital? Or that Matt Damon would become a crypto punchline? Or that the space’s golden child, Sam Bankman-Fried, would turn from Anakin Skywalker to Darth Vader?

This is all preamble to say that there are no crystal balls. Predictions are often wrong. 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.
“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.”


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