[ad_1]
David Marcus, former Meta and PayPal executive and current CEO and creator of Bitcoin company Lightspark, has made some predictions regarding the cryptocurrency market.
A Bitcoin enthusiast wrote in a December 30 blog that the market will not be able to recover from the mistreatment of unethical entities like FTX and Terra until at least 2024.
In his words:
“We won’t get out of this ‘crypto winter’ in 2023 and probably won’t get out of it in 2024 either. It will be years before the market recovers from the abuses of malicious players and responsible regulation is implemented. “
In 2023, Marcus claims development will boom. 2022 has lost a lot of trust and stability, but with the devastation presents a chance to start again. He believes in using technological breakthroughs to address and advance humanity’s most pressing problems.
A former Meta executive predicts interest rates will rise early in the year and homeowners will have to adjust to mortgage rates not seen in 20 years.
He further said that the Lightning Network will emerge as the most efficient, open, interoperable, cheap and real-time payment protocol in the coming year.
After years of greed in the crypto industry, some useful uses may finally emerge. is.
According to Marcus, the industry is returning to its normal schedule of creating real value and having to solve real-world problems. He predicted major advances in areas such as payments, asset securitization, DeFi, zero-knowledge applications such as proof of reserves and layer 1 scaling solutions, and a resurgence of development enthusiasm and enthusiasm in the Bitcoin network. I’m here.
Marcus isn’t the only industry expert who believes the crypto winter won’t end anytime soon. There are many analysts who share this view, so those who start the new year with low expectations for the market, continue to hope for the best, and never stop researching and keeping up with the latest industry news. would be good.
[ad_2]
Source link
