Cryptocurrency David Marcus, one of the well-known names in the world, thinks that 2023 will not be enough for Bitcoin and crypto assets to recover. Here are Marcus’ remarkable predictions.
David Marcus, founder and CEO of Lightspark, a bitcoin payments startup, shared a blog post upsetting investors expecting a “bull market” in 2023.
Even two months after the collapse of crypto giant FTX, uncertainty and negative sentiment in the markets remain strong. According to Marcus, there are many questions that influential names in the industry need to answer throughout 2023 and it will not be easy to solve them.
David Marcus He preferred to use the term “immoral people” rather than the expression “FTX collapse” when describing the bad trend in the market. According to Marcus, the current crypto winter is far from ending in 2023, but it could even make its impact felt throughout 2024.
“Due to reasons such as unscrupulous people and regulatory problems, it may take years for the crypto market to recover. Building user trust is not easy and may take several years. However, I believe that all these developments will serve as a restart for the industry.”
Bitcoin and Cryptocurrencies Will Face Challenges
Investors’ expectations in the market were that 2023 would be in the direction of a “bull market”. As a matter of fact, if the predictions of names like Marcus are valid, the difficulties in the crypto market may increase.
The most notable of these difficulties is bitcoin It looks like it will happen on the front. Koinfinans.com As we have announced, the event, also known as “halving”, will be completed in 2024. Investors and analysts expect the trend to be up before this event based on historical data. As a matter of fact, if this trend is not realized, investor sentiment may also be adversely affected.
Although Marcus predicts that the recovery in the industry will take a long time, he believes that things will get much better as a result. Moreover, he believes that “Bitcoin Lightning Network” will draw attention during this recovery process. This is because it offers interoperable, inexpensive, real-time payments, he said.