Crypto is down but not out 🔥 Despite the numerous risk events & precipitous drop in token prices last year, GSR_io conducted an analysis of where crypto could be headed in the future. The motto for 2023: In short, we still believe. 🔎
Join us in showcasing the cryptocurrency revolution, one newsletter at a time. Subscribe now to get daily news and market updates right to your inbox, along with our millions of other subscribers — what are you waiting for?With bitcoin down 67% from its November 2021 high and altcoins faring even worse, the putrid price action of the last 14 months has driven pessimism and despondency towards crypto from even its most ardent supporters.
The Dot-Com bust is a historical parallel where overexuberance and a supportive macro environment quickly crashed as both sentiment and the backdrop flipped, though the adoption, development, talent, and capital garnered during the boom laid the foundations for transformational technology that now touches our everyday lives.
: Cutting-edge areas may offer the opportunity to onboard large swaths of the population, portending well for the industry. Zero-knowledge proofs, for example, allow one to prove that a statement is true without revealing any other information and will usher in cloud-scale decentralized computation, anonymous payments, and new identity constructs, to name a few.
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