This year has certainly been a series of highs and lows for the crypto industry, with bitcoin and ether dropping around 20% and 31% in January alone. However, the industry has also seen many incredible technological achievements, including the Ethereum Merge. Pantera Capital’s General Partner Paul Veradittakit shares his insights into crypto’s wins and failures in 2022, as well as his predictions for 2023.
Despite disasters like the FTX meltdown, Paul Veradittakit is optimistic that crypto will learn from its mistakes and grow from them in 2023. One such prediction is that Decentralized Finance or DeFi will see more adoption and growth, as well as complex applications like self-custody wallets, synthetic assets, and more. He also predicts that more companies will emerge to leverage blockchain data, leading to significant developments in the sector.