What’s NEXT For Crypto?? CRAZY Returns & Full Potential?!
Published: 2023-09-17
Status:
Available
|
Analyzed
Published: 2023-09-17
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
The current total market cap of crypto (around $1 trillion) is significantly smaller than that of stocks ($90 trillion) and the US dollar ($20 trillion), indicating substantial growth potential.
"The total market cap of stocks is $90 trillion... the market cap of just the US dollar is over 20 trillion meanwhile the total market cap of crypto is only around 1 trillion."
Pending
There is a current lack of quality information about crypto, but this is improving as more people seek it out, as evidenced by the growth of platforms like Coin Bureau.
"the result is that there is a general shortage of quality information about crypto but this does seem to be improving that's ultimately because more and more people are looking for Quality information about about crypto the size of the coin Bureau is evidence of this fact"
Pending
Creators of crypto content who took shortcuts are facing consequences (e.g., SEC actions, UK regulations). New regulations are expected to drive a focus on long-term value in crypto content.
"those who decided to take shortcuts when creating crypto content are slowly but surely reaping what they seed think SEC enforcement actions and the like some countries such as the UK have have also recently introduced strict regulations around crypto promotion as concerning as some of these regulations are they are arguably necessary to ensure that the next wave of crypto media outlets and influencers are focused on crypto content with long-term value"
Pending
The quality of crypto awareness and education is predicted to be significantly higher by the start of the next crypto bull market.
"by the time the next crypto bull market begins it's likely that the quality of crypto awareness and education will be much higher than it has been"
Pending
Any form of crypto regulation, short of an outright ban, will be a net positive for the market by providing guidance to investors, especially institutions.
"any kind of crypto regulation will be a net benefit for the crypto market so long as it doesn't involve an outright ban of course this is just because investors notably institutions will finally have some guidance about what they can and can't do with crypto in their country"
Pending
The US crypto crackdown is expected to continue until after the 2024 election.
"the US crypto Crackdown may not end until after the 2024 election"
Pending
Most crypto regulations in the UK and EU are expected to be implemented in 2024.
"as for other jurisdictions like the UK and the EU most of their crypto regulations won't go into Force until later next year also in 2024"
Pending
Significant institutional inflows into crypto are unlikely until after new regulations are in place, due to investor uncertainty about asset classification and ramp access.
"until that time it's very unlikely that we'll see serious inflows into the crypto Market that's because investors won't feel comfortable investing in coins and tokens that could be classified as Securities and they definitely won't feel comfortable knowing that their feat to crypto ramps could be cut at any time"
Pending
If Bitcoin's market cap reaches that of gold ($13 trillion), its price could reach approximately $670,000 (a 26x increase from its then-current half-trillion market cap).
"it's generally believed that btc's market cap will someday be similar to that of gold... Gold's market cap currently sits at around $13 trillion btc's market cap is currently sitting at around half a trillion dollars so a a bit of quick maths will tell you that BTC catching up to Gold would mean a 26x increase in its price this would translate to a BTC price of around 670k"
Pending
If Ethereum's market cap reaches that of analogous payment companies (over $2 trillion), its price could exceed $15,000 (a 10x increase from its then-current $200 billion market cap).
"the total market cap of these companies is over $2 trillion given that the market cap of ethereum's eth is currently around 200 billion matching analogous companies would mean a 10x increase in price this would translate to an eth price of over 15K"
Pending
Less than 5% of the global population currently holds cryptocurrency.
"it's estimated that less than 5% of the world currently holds crypto"
Pending
The number of daily active users for major cryptocurrencies is estimated to be only a few million, a very small fraction of the global population.
"onchain data for the largest cryptos suggests there aren't more than a few million daily users a mere fraction of the world's population"
Pending
Up to 50% of Nigeria's population uses crypto daily, largely due to a lack of trust in the government.
"up to half the country uses crypto on a daily basis you'll also know that this is essentially because the government can't be trusted"
Pending
Iran has authorized companies to use crypto for international trade, and Russia is reportedly considering a similar move.
"Iran recently gave the green light to companies in the country to use crypto for international trade Russia is reportedly considering doing the same"
Pending
Central banks will be permitted to hold cryptocurrency starting in 2025.
"central banks will be allowed to hold crypto starting in 2025"
Pending
Devices like the Solana Saga could solve user interface and user experience issues for crypto wallets.
"a crypto phone like salana Saga could be the solution to crypto wallet UI and ux"
Pending
Ethereum's EIP 4337 upgrade will enable phones to have hardware wallet security and allow for dApps where users do not directly pay gas fees.
"its EIP 4337 upgrade from earlier this year will make it possible for any phone to have crypto phone type properties mainly Hardware wallet level security you'll also know that it will make it possible possible to create daps with no gas fees or rather daps where the user doesn't have to pay the gas fee"
Pending
New models for crypto transaction fees, such as monthly subscriptions instead of per-transaction fees, will be required.
"this is going to require entirely new approaches such as charging crypto users monthly subscription fees to use a blockchain rather than charging them for every individual transaction"
Pending
Zero-knowledge proofs are a potential solution for crypto privacy, but they present challenges, particularly ensuring the absence of secret backdoors.
"zero knowledge proofs have emerged as one potential solution into this problem but they come with all sorts of other problems the primary one is ensuring that these zero knowledge Technologies don't have secret back doors"
Pending
A truly decentralized digital ID solution is needed but has not yet seen significant development.
"what's needed is a truly decentralized digital ID we have yet to see any significant development on that front"
Pending
Innovations in crypto wallets and privacy are expected to be ready by the time of the next crypto bull market.
"the Innovations around wallets and privacy continue at a rapid pace and should be in place by the time the next crypto bull market comes around"
Pending
Cryptocurrencies funded by venture capital (VC coins) are likely to experience significant pump-and-dump cycles and many may not survive beyond the next crypto cycle.
"these socalled VC coins have seen the most aggressive pump and dump cycles and most of them probably won't last past the next crypto cycle"
Pending
New governance structures, potentially enabled by truly decentralized digital IDs, are the solution to DAO centralization.
"luckily there's a solution to Dow centralization too and that's to create new kinds of governance structures this will be easier to do with new Innovations like truly decentralized digital IDs"
Pending
The next crypto cycle is predicted to be promising, even without the full implementation of certain innovations.
"even without these Innovations though the next crypto cycle looks promising"
Pending