Connors: 2023 will be a barbell for digital assets. It will be the core Layer 1s, Bitcoin, Ethereum, and it will be the use of NFTs by TradFi companies, which is a corollary to my first point. In 2022, the ecosystem was you had your alt level ones like Solana, Algorand and the like providing the bulk of the non-Bitcoin, Etherium, stablecoin market cap. Seventy percent of market cap in digital assets of the last 12 months. So that 30% of market cap is going to shift from alt level ones and level twos and other projects to be more NFT related. The NFT technology from a security and verification standpoint has greater integrity, and a higher trust and security factor. Given it can be nested with the Etherium ecosystem and can be bridged, it will have functionality and security. I think you’ll see the most growth in NFTs.
Crypto gives back gains as macro headwinds overwhelm regulatory optimism
For about 48 hours, crypto had something genuine to celebrate. The CLARITY Act, a landmark piece of stablecoin regulation, cleared...
