Bankless 10 Predictions for 2023 with Ryan & David
17 snips
Jan 11, 2023 Dive into bold predictions for the crypto landscape in 2023! Discover insights on Bitcoin's halving and Ethereum's upgrades that could shake up the market. Explore the competitive realm of Alt Layer 1s and the rise of Layer 2 solutions. The evolution of NFTs and the challenges of centralized exchanges are critically examined. Plus, uncover crucial regulatory changes ahead and the community’s proactive efforts in maintaining Ethereum's censorship resistance. Don't miss the insider alpha leak towards the end!
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Bitcoin Halving Narrative
- Bitcoin halvings historically trigger a "halving is not priced in" chant.
- This chant will likely reappear in Q3/Q4 2023 for the 2024 halving.
Bitcoin Security Budget
- Bitcoin's security budget, primarily funded by issuance, is halved with each halving.
- This raises concerns about Bitcoin's long-term security as issuance decreases.
Bitcoin Trends 2023
- Two key trends to watch in Bitcoin for 2023 are mining and Nostr.
- Bitcoin mining may consolidate or integrate with energy producers, while Nostr is a decentralized social media platform gaining traction.