What 2023 holds for crypto: exclusive experts’ insights and forecasts for the next year

2022 was a challenging year in many areas, and crypto is no exception. We still didn’t get to the end of the crypto winter, and we experienced one of the biggest crypto scandals right at the end of the year.

Will it get better in 2023?

Exclusively for buidlbee, the experts answer.

Eloisa Marchesoni, tokenomics expert: “2023 will be dedicated to the reconstruction of the foundations of crypto”

“My expectations for 2022 were the same as for every new year, and that is simply more crypto adoption, which has indeed increased. Though the most important events of 2022 have been the scams, they have wiped the bad-quality projects out of the crypto scene. At the same time, they led to calls for crypto regulation on a global scale, thus aiding institutional adoption.

I hope there will not be such bad scandals as the FTX one, but 2023 might start with more of them. And thus, for sure, it will be a year dedicated to the reconstruction of the foundations of crypto, from the exchanges to the applications, probably even bringing new surprising designs for the metaverse, shaping the concept into a (virtual) reality.”

Nathan Leung, Cryptonauts Founder: “I expect the market to crash heavily after the Chinese New Year sell-off”

“At the beginning of 2022, I expected the market to take a downturn. But not in the way that it happened. LUNA, then FTX, was the nail in the coffin. And among the most important events, I’ll also name the fall of FTX because now self-custody is finally brought to light. People finally care about having control over their own funds. 

For 2023, I expect the market to crash heavily after the Chinese New Year sell-off — followed by a bear market throughout the full year. I also think in April 2024 we may start to see momentum coming back slowly.”

Miss Teen Crypto, YouTube Blogger, and Crypto Investor: “In 2023, more bad actors may be exposed, but I’m bullish on the space as a whole”

“For 2022, I expected turbulence in terms of Bitcoin, crypto, and NFT prices due to liquidity struggles within the crypto market as well as the global macroeconomic climate we’re in. With price volatility comes actors in the space showing their true colors — this has been proven throughout this year, and that’s why we saw the insolvencies and liquidity crunches ranging from the LUNA collapse, 3AC, Celsius, and then, of course, the collapse of FTX.

But this was a year of shaking out the weak hands and bad actors from the space, which is essential for the progression of this space when we’re looking to achieve mainstream adoption. And in 2023, more bad actors may be exposed — maybe we haven’t seen the full effect FTX had on the market.

Still, I’m bullish on the space as a whole as big money continues to flow into the space. In addition, many crypto users are withdrawing their assets from exchanges which means more people want to HODL.”

Metastract, NFT Artist: “The market should catch its breath and start to rise again”

“After the big fall that we experienced at the end of 2021, I was hoping that the fall would not continue and that we would not experience a bear market. But unfortunately, 2022 became very complicated and below my expectations. 

For me, the highlight of this year was The Merge of Ethereum. One of the biggest problems of crypto is energy consumption, and seeing Ethereum go to Proof-of-Stake without major problems is very good.

2023 should be the end of the bear market. I don’t think we should be in a hurry because we are not safe from another fall, but the market should catch its breath and start to rise again. 

If I had to make a wish for this year, it would be to enter a good bull market to give hope to everyone. We know that in this environment, to go into the green, you have to touch the red; now that it is done, there is nothing left to do but watch.”

Andrea Dalla Val, Human Income Coin Founder: “2023 won’t change much for BTC”

“For 2022, I predicted a cr*p time, and we can all agree that it is all happening. I think 2023 won’t change much for centralized systems like Bitcoin and Ethereum. My point is that, unlike the common beliefs, all current cryptos are centralized, unadopted, and have no future. Blockchain needs to move to protocols based on individuals as the only way to achieve decentralization and global adoption.”