The new year is around the corner and many cryptocurrency investors will be wondering if this will be the year that cryptocurrency prices finally rise again. If we take David Marcus, ex executive in Meta and CEO of bitcoinsLightspark company, this will probably take some time. He states that the bearmarktor crypto winter, will last at least until 2025.
Crypto winter
Marcus strikes a pose that a number of “bad actors” have caused considerable damage to the market as a whole. Even if it trades cryptocurrencies FTP extension but fleetingly, he obviously means such companies. Among other things, the demise of FTX and the degree of incompetent trading that was involved affected the crypto industry lagging behind by a few years. So it will be quite some time before we can talk about recovery, says Marcus.
“It will take a few years for the market to recover from the abuse of unscrupulous players and responsible regulation. It will also take a few years for consumer confidence to recover, but ultimately I think this will be a beneficial reset for legitimate industry players in the long run.
A new cryptocurrency industry
If this recovery does eventually materialize, which Marcus naturally believes, the industry will be as strong as ever. According to him, the nature of the entire market completely changed at that time. It won’t matter anymore launch to the moon and earn a lot of money as quickly as possible, but we can talk about mature technology that can actually be used in daily life at a rapid pace.
“The years of creating a token from scratch and making millions are over. The music stopped. We’re back to our normal programming of having to create real value and solve real-world problems.
Marcus specifically mentions bitcoin Lightning network. According to him, this layer 2 scaling solution has the potential to completely revolutionize the world of payment transactions by facilitating cheap and instant transactions.
