Crypto has had a tough time in 2022 and experts believe that things could change for the industry in the coming year. Which projects will be successful? Will crypto survive 2023? Here’s what experts in India have to say.
Crypto predictions for 2023
By Cyrus John: The year 2022 has been one to forget for crypto enthusiasts, investors, and the industry alike. From mega scams like the FTX debacle, and the crypto meltdown to the fall of goliaths like 3 Arrows Capital, crypto got a bad name for itself in 2022 and it seems there isn’t any light at the end of this dark tunnel (at least for this year).
As we get closer to welcoming 2023, there is a sense of anxiety amid the crypto community about what’s in store for various stakeholders. Will the crypto bellwether, Bitcoin, be able to survive this barrage of brickbats? Which other projects will capitulate and is there anything to look forward to in crypto?
Pressing questions like these have been living rent-free on the minds of many, which is why I thought of getting some answers from the horse’s mouth.
The fixer-upper
The year 2023 could be a window of opportunity for crypto to have an image makeover. A sector that at times has been castigated by policymakers and branded as “extremely volatile”, a “Ponzi scheme” and even a “scam”, needs to win back the faith of the people. I understand that 2022 has been plagued with headlines around crypto scams and ‘pump and dump’ schemes, but experts believe 2023 could be a bit different for…
