2023 Crypto Predictions – 232

All right 2023 is the year crypto will Have to grow up and clean up its act Here are the predictions regarding the Future of nfts the metaverse cbdc's and Institutional Investments now uh I'm Going to give you guys one of my Predictions this for the year 2023 I Predict that the UK and the U.S will Roll out test Nets if not full-on uh Releases of Central Bank digital Currencies it will primarily Focus Around of course government funded thing Programs like Medicare tax returns Etc Kind of forcing the lower class and Lower middle class and probably the Middle class into participating within Them now we could say Canada would Participate within this as well but you Know they've kind of just gone down the You know suicide path instead of the Taking care of people medically Pat okay Jokes Aside let's get into the Predictions from coin desk oh if the Year 2021 was the year of cryptocurrency Then 2022 was the year it collapsed Millions were made and lost by crypto Investors while crypto companies were Built And folded with 2023 right around the Corner one thing is clear the Roaring 20s era of 2022 crypto parties and the Markets overall irrational exuberance is Over 2023 is the year crypto will have To grow up and clean up its act ahead

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Here are five predictions for the next Year in the digital economy Prediction number one natural selection Of the crypto ecosystem now to be Completely fair is this like is this not Completely obvious every single cycle For the halving cycle after the little Pump and then it dumps what happens you Start to see all of the failed projects And failed cryptocurrency YouTubers Etc Like myself begin to get day jobs and Quit the cryptocurrency scene and of Course what we've done over here and That is pretty much how this is going to Shape up the the individuals that are Not able to Survive this will fall away to the Wayside and the projects that you know Can't handle the pressure will will Completely fold and another thing that's Going to happen obviously as we see it Is big large cryptocurrency miners are Even beginning to fold we're going to be Talking about that here in a little bit As well but if you didn't have a good Cash flow plan for the bear Market in Cryptocurrency well obviously you're Going to get flushed out of the system Pretty hard natural selection of the Digital asset ecosystem will be a Powerful force in 2023 and that's a Positive development the good companies Will get stronger and the bad ones will Fade away or be restructured leaving a

Better positioned market for the future And I do agree with that We are already seeing Darwinism sweep Through the market with only the Well-managed well-intended companies Surviving while there will be more shoes To drop as we head into 2023 this Process is needed and very healthy for The future growth of the digital assets Ecosystem and I agree with that as well The reshaping and rebuilding of the Industry's reputation and the way it Does business will continue to be driven By institutional investors requiring More controls risk management Transparency and reality checks I Completely disagree with this uh to the Point to where I think the viability of Cryptocurrency will lean in complete Opposition to institutional investors Complete opposition to your standard Traditional financial markets Etc as we Start to see the collapse of Fiat Systems starting with of course the Weakening of the US dollar which we'll Be talking about in the after party so Make sure that you are headed on over to That through the linked chat because We're going to be talking about the Basically the weakening of the US dollar As it Compares for a reserve currency And that is going to be what happens and The reserve currency will shift into Either something that is run by large

Centralized nation states working Together such as Saudi Arabia Russia Britain or Britain sure China all of Those right or we'll end up in a Position where individuals start opting Out of this particular system and I Think that institutional investors will Push money into cryptocurrency in General but that is not the reason why We are sitting here today talking about Bitcoin in a bear Market still we're Sitting here because we are interested In the principles and the fundamentals Surrounding Bitcoin and what it provides To the individual not what it provides To institutional investors While we're on the subject of into Institutional investors they go on to Say firms like SoftBank Sequoia and Tevisack just to name a few have some Sobering up to do as well this Maturation and sobering up process will Weed some of the fraud incompetence and Lack of experience out of the industry And that's a good thing the company's Left standing will be stronger for it And the industry will be better Positioned to begin thriving once again Prediction number two regulation Everywhere but here that says the U.S Right so this is interesting countries Across the globe will make critical Decisions on crypto regulations in 2023 While in the U.S no meaningful

Regulatory movements will occur due to Legislative dysfunction I don't know That I really agree with that as if the U.S legislative dysfunction is much Worse than than like Britain or Canada Etc I think they all got the gunk and All got the red tape unless of course You're looking at something like China For comparison where they can pass Things quite quickly thanks to the CCP You know and and maybe Russia right I Don't see that also if we're being Completely Fair like we read about last Week as it pertains to Russia and Regulation over cryptocurrency they're Pretty much removing uh all of the Regulation surrounding cryptocurrency Specifically to uh allow people to Function within some sort of economy in Some sort of Commerce without the Interference of a government so that They don't end up in a position where They are hurting of course the oligarchs Financially so it's gotten it's gotten To be like obviously from the Perspective of Bitcoin and Cryptocurrency a very viable and like Front stage kind of movement for International Exchange right and that is Going to be obviously to a certain Extent aimed at bypassing of course Things like sanctions and we'll just Have to see how that plays out at the End of the day one thing we know for

Certain that will happen they say on Coindesk article or continue on is in 2023 as it relates to crypto regulation In the U.S is infighting and lots of it From the Securities and Exchange Commission and the commodity Futures Trading commission to the Democrats and The Republicans and let's not forget the D5 versus the traditional Finance crew 2023 will be as entertaining as WWE so Grab the popcorn however no one benefits From stalemates from unresolved power Struggles and this coming year won't be Any different in the digital economy While one would like to hold out hope That a new Congress can accomplish Meaningful crypto legislation the Likelihood of it happening is as high as Sam Bateman freed keeping his Bahama Behind Bohemian Penthouse whoa I'm Getting tongue-tied there on that one But while the U.S squabbles and debates Countries around the world are making Progress and 2023 should see many of These regulatory regimes take shape the European Union is taking a massive step Early in 2023 to vote and implement the Markets in crypto asset regulation which Lays out a framework to regulate both The issuance of cryptocurrencies and Assets and transactions I.E trading Investments and payments specifically The mica or Mika Bill contains several Provisions Regulators say are necessary

To quote reign in the wild west of the Crypto world Meanwhile Asian Regulators are each Taking on crypto guard rails differently Hong Kong's goal for 2023 is to increase Retail access to crypto which requires a Specifically regulatory a specific Regulatory strategy to support those Objectives in sharp contrast nearby Singapore has signaled that it will Tighten regulations after big losses This year for investors while South Korea still dealing with the aftermath Of the collapse of Terra will focus Solely on enforcement on the other hand India somewhat uniquely in the region is Using tax policy to drive Behavior Basically yeah if you're in India good Freaking luck getting your money out of Crypto before it's just absolutely Drained by the government it is a dang Tragedy it is pure theft in the it's Peer thievery it's mob it's it's mob Rule you know and I know To a certain extent all nation states Are the same right it's the we make the Rules to get ourselves more money game That is what it is politicians offer no Real world actual skill sets that Provide some sort of value to the Society all they do is structure rules In a manner which enriches their pockets And in and burdens the people with Actual skill

The Glitz and glamor of the metaverse in Non-fungible tokens may be tarnishing But the Practical versatile and Inevitable uses for both will be much Clearer in 2023 The recent narrative about the Metaverse's demise partly based on meta Platform's dismal Financial Outlook Are premature the same way the Exuberance about its immediate relevance And market adoption a year ago was I Don't really actually like even when I Completely disagree with this narrative From coindesk in general so first of all From the very very beginning I consider The metaverse to be something that no One really wanted to participate in why Is that well I'm a gamer by heart like I Grew up gaming I played video games all The way up until this very day I've Started out playing video games on PC And I continue to play video games on PC Almost on a daily basis if I can get to It right and there has never been a a Time in in the metaverse where I was Like oh that looks like a cool game just Never that's not a thing that happens Right and why is it because most of them Are cash grabs that are really poorly Done right this is really actually no Different than the entire gaming Industry as a whole as it became Continued to fall down that deep deep Dark hole of money grubbing micro

Transactions that destroyed an entire Industry and moved into the mobile Sector which destroyed it even more and Then you want to add blockchain to it no Thank you No thank you I don't want it as a gamer So I didn't see this taking off in the First place and there's no good products To back it up that's that's that's the Plain fact of the matter is there Potential for this in the future to Provide some sort of digital rights over Games right this is where I could see it Working but that would align more along The nft process not actual metaverse Within the game World type thing but Nfts I could see giving some sort of Digital right access to video games that Would be important because as we see With digital rights access across the Board if you purchase something like Let's say on the Amazon web store or Even on Steam if steam decides that they Are no longer going to hold that game Within the download Library well tough Crap you don't get access to your games Anymore so if you could do some sort of P2P file sharing system that validated Your ownership of that particular title On the blockchain then I'm all for that But if you want me to pretend that the Metaverse is fun or interesting no it's Not going to happen I'm sorry No one should be looking at me at met up

And the overall building of the Metaverse infrastructure as a 2023 of 2024 project I agree The truth is the metaverse is inevitable Uh I don't know that I agree with that But let's continue on I I suppose in a World where you have essentially like Yeah Ready Player one inevitability I I Guess right does that mean that that It's that It will be fun I don't know right like I It's an odd it's an odd thing to really Think about but like do you really have Fun playing a majority of those games With like micro transactions in them or Does it just become like a dopamine Rush With that said 2023 will Mark the Beginning of how we perceive metaverse Experiences new use cases in Enterprise Healthcare education and more will bring Practical utility of smaller doses of The metaverse to our Collective Attention Even in our daily lives Advances in identity technology along With ar VR devices like Apple's XR Project will come into Focus as well in 2023 the same is true about nfts see Here's the problem that they have and This is the problem I think that The metaverse always has because I even Did it right we're talking about the Metaverse I shift into real world Applications for nfts They start to talk about the metaverse

They say well the metaverse is relevant But they shift into technology Surrounding nfts it's not the metaverse That we care about it's digital Rights Management that we care about Once again it's not the metaverse or any Particular metaverse that we care about It's digital Rights Management that we Care about right a peer-to-peer removal Of a third party managing your digital Rights or your ownership over digital Items that is relevant in this Discussion nothing else really is at This point we need to figure that piece Of the puzzle out and I think that's the Real big one here in the near future That needs to get solved that will also Obviously push the adoption of Cryptocurrency further right Foreign To talk about nfts right The Funnel of Innovative ways to leverage nfts will Continue to widen in 2023. sure yeah That's going to happen from supply chain And Logistics to healthcare and real Estate and Retail nfts will have a more Pervasive and permanent role in Digitizing operations Obviously the like Elephant in the room here the only like The primarily Used the primary used blockchain for all Of this is ethereum and ethereum is Clearly suffering censorship since it

Has moved into proof of stake there are Clear problems with the platform as it Sits there needs to be an alternative That's proof of work that's viable that People can adopt will that happen I Don't know I just don't think that in Its current state it is basically Regulation proof right which at a Certain point you need to be able to say These digital rights that I own with This nft cannot be infringed upon by a Government If you don't have that in place if you Don't have something that stops Government infringement over private Property over private digital property Then it's useless It's useless at that point all right That that it just is So if you're going to have a blockchain Like ethereum that's already suffering From censorship issues that's already Been deemed to security by the SEC and That is your primary method of Validating digital ownership on the Blockchain I just don't see it as being A viable option in the future Prediction number four 2023 may be the Year of the cbdc around the world but There will be no digital Dollar in sight The cbdc arms race will continue as Central banks create alliances with Commercial Banks and Technology Providers to strengthen their position

To test launch and execute on their Unique cbdc strategies Yeah I agree it's across the board right Um it will be the year of cbdc's it's Clear that the propaganda machine on a Global stage right Has pushed for this right from the Collapse of FTX or from the collapse of Luna all the way through the collapse of FTX all centralized entities they take These centralized examples which is the Reason they failed is because of the Centralization surrounding them right And they take those as examples and they Say well that means that we need to Regulate the decentralized part right It's not the corruption don't look Behind the curtain Right Don't see Gary Gensler sitting there Having coffee and tea with Sam Bateman Freed As they plan out the Greatest propaganda machine Anti-crypto Mission crypto plan in the World which is Yeah sure admittedly tinfoil had but Clearly if you have the owner of FTX the Biggest fraud in history sitting down With the head of the SEC discussing Regulation And then the entire Catalyst to Accelerated regulation is brought on by Fraud within that company it brings up a

Pretty strong tinfoil hat right that's Pretty much it's it's like okay you know Maybe I do need to protect my brain from This this these the this propaganda at This point right like this is insane so Yes where does that lead us into moving Into 2023 it clearly leads us into Cbdc's You can't handle it you're not Financially responsible the individual Is stupid you don't know what you're Doing don't worry the government will Take care of it they'll allocate the Amount of money that they think is is What you deserve for the job title that You have and you must spend it within The certain amount of time window Because saving would actually end up Putting your next generation or your Generational line in a possible Advantage and we can't have that because Our kids need to stay at the top while Your kids stay at the bottom our kids Need to basically be raised in a manner Where all they do is govern with no No skill set to attribute to society While all the rest do the daily work Right that is where you end up this is Clearly what they're working on in China Here recently that's why I bring up Basically this idea of a a currency with An expiration date right here's your Paycheck for the 30 days pay all your Bills oh you have a little bit left over

You better spend it because if you don't Spend it we're just gonna it's gonna Expire right this is also a way that you Spur on an economy and allow you and Allow yourself to continue to print your Way out of your own debt while burdening The public with continuing to generate This this sort of machine Like the economy right so this is this Has been talked about before as a Possible solution to inflation right you End up with a position where the Government can basically control uh the Completely troll the flow of goods and Services right Let's continue on so with more than 80 Percent of the world central banks Already considering launching a central Bank digital currency 2022 was mostly Full of Trials and testing However the movements by Nations across The world to make cbdc's a reality is Picking up speed and will become a Majority priority in 2023 especially as They race to set a global standard is in Sight additionally commercial banks are Increasingly interested in the space and Will begin or continue to partner with Central banks and software vendors to Ensure success in Mass adoption while China is China's digital one is far Beyond the rest many countries are Making Headway with 2023 goals of Rollout a possibility the bank of Japan

Is piloting a rollout with major banks In early 2023. turkey announced it would Launch its cbdc next year while the ECB Intends to start work to develop a rule Book in early 2023 on rolling out a Digital Euro The money and payments world is clearly On a path of adopting blockchain more Broadly in 2023 with swift even Recognizing the need to move in this Direction so clearly like cbdc's are Happening you can Safely keep the tinfoil hat on for a Cbdc actually happening because they are Happening right I I do hear a lot still In the Day-to-day grind talking to normal People I'll be like yeah these cbdc's They got rolled out like they have Rolled out in China is pretty crazy the UK is talking about it now and people Are like it'll never happen I'm like It's weird to hear people say it'll Never happen when it's clearly happening In front of their eyes right there's This denial of a cbdc actually being Reality when in fact it already is Reality and so to a certain extent I do Like it's kind of like using that that Cliche like wake up people cbdc's are Here they're right around the corner for The west Western world as well and They're going to be deployed in over 80 Percent of the governments across the

World right across the globe That's it Prediction number five though Institutional investments in the digital Economy will Skyrocket Institutional investors will make big Moves with their big money we learned in 2022 that Beyond cryptos organizational Woes it is closely tied to traditional Market movements and the overall economy I think we kind of debunked that to a Certain extent but You know let's continue on for 2023 the Domain's performance will again depend On world economic sentiment it if Concerns ease we may see an uplift in Crypto prices as well as investments in The digital asset Market regardless of The market trends we will see more Traditional Blue Chip funds I.E KKR and Hamilton lane together with a secure it To a sec securitize tokenized Yeah so Chip Blue Chip funds tokenized I can't I couldn't say that secured ties But KKR KKR and Hamilton Lane Um Blue Chip funds will tokenize making Them more accessible to a broader sphere Of investors Additionally more and more large cap Market players will move into the Tokenization space iejp Morgan HSBC Fidelity Goldman and Goldman Sachs And we'll see a significant uptick in Mergers and Acquisitions activity as a

Result I do think that will happen yes However a caveat to all of this as Mentioned prior is whether or not Legislators and Regulators step up to Provide some needed stability 2023 will Also be an excellent time to invest in Venture Capital funds focused on the Blockchain ecosystem not crypto funds History shows VC funds that raise during Recessions outperform funds with Different vintages plus it makes a lot Of sense because valuations in the Blockchain ecosystem are going to be Much more reasonable and down to earth Over the next couple of years now I will Mention this Huh it's been a long day let's let's Think about this From the Let's think about this from the position Of the book outliers if you guys haven't Read outliers or gotten the audiobook I Highly recommend it one of the things That it talks about is kind of like Bill Gates and Steve Jobs and the timing of Their birth and the timing that they Were you know had access to mainframe Computers time shares that allowed them To access mainframe computers from Remote locations specifically these were Instrumental in their ability to become Extremely proficient at programming at a Young age pretty much before anybody Else now while older

More wealthy individuals Also had access to these particular Technologies they did not see the future In it because it just seemed like a Kid's toy right or it seemed like it may Fail this continued on of course into The internet bubble with similar moves From people like Mark Zuckerberg right And the timing of their birth and the The timing of the internet and their Ability to be just young enough to see The opportunity right not so not old and Stubborn but also just old enough to Actually know how to execute and to Study these things so what do you have Now well you have a similar opportunity Of course with cryptocurrency and now Would be like in general when they're Talking about VC funds raising during Recession now would be a time for that Sort of thing to take place in The Visionaries to basically have their Ability to get the next breakout success From a financial perspective who will That be what will the blockchain be what Will it look like at the end when we get There I have no idea yeah like I said Before I do see two distinct paths right Now and I'm not sure which one the World's going to take right we have the Move towards essentially complete Centralization where you have basically Federal governments themselves Controlling the entire currency and

Cutting out Banks meaning essentially It's just completely centralized or we Move down the path of complete Decentralization either way chaos ensues To a certain extent because with any Transformation in Industry Finance Etc There's going to be chaos to a certain Extent so in for a bumpy ride buckling In personally that's how I see it also Though keeping the eyes open for any Sort of opportunity especially when as It pertains at a lower level like mine To education surrounding the subject Right not so much a financial Opportunity from the VC perspective Because I wouldn't have the type of Capital for that but from the actual Technical perspective and understanding Blockchain understanding the essentially The programming languages that are Utilized for blockchain that sort of Thing becoming familiar with the Technology So you can be a nice little blockchain Worker bee at the end of the day if Needed right that's kind of the way this Works out at least from my perspective Thanks for checking out this clip from The crypto mining show you can check out The full episode here or more crypto Content down here also I'd like you to Check out my locals page at son of a Tech.locals.com where you can become a Member for free or choose to be a five

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