Your 100%* reliable guide to the future of crypto in 2023

davidgerard.co.uk

10 points·davidgerard··4 comments

My crystal also suggests that more crypto regulations are going to be introduced which will kill off lots of ERC-20 tokens posing as unregistered securities. In general, some 'coins' will continue to be around after regulations and many meme coins and tokens will not survive.

As for the next exchange to go down especially after regulations, my crystal ball also predicts that at least one exchange is going to go down. Either Binance or Kucoin is likely to be next in 2023 once regulators target more rules against crypto exchanges. That will also be the beginning of the end for Tether with an almost certain path to collapse which will significantly impact the crypto market.

I could be wrong, but as with this precise prediction of the year that the crypto market crashed [0] which sets the justification for more regulations in 2023, we will once again wait and see and in a year's time, tell everyone about it.

[0] https://news.ycombinator.com/item?id=29752372

(OP here) I mean yeah, our fundamental prediction is that 2023 will be the stuff that's already happening will keep playing out, and we don't see new markets or a new bubble happening by the end of 2023.

> We don’t see any prospective new buyers putting actual dollars into the system any time soon.

Everyday people put nearly $15M into bitcoin mining and a few more $M in altcoin mining [1], just to maintain current prices.

[1] https://www.f2pool.com/coins

Sounds reasonable, looking forward to seeing how it plays out.

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