Dr. Julian Hosp, CEO of CakeDeFi, recently released a YouTube video discussing the performance of Bitcoin, Ethereum, and Micro Finance in 2023. In the video, he features Fabio, a holder of BTC, ETH, and DFI, who shares his insights on the crypto market for the year. Fabio reflects on the 20% correction in the markets at the beginning of 2022 and how it was unexpected until 2023 arrived.
Fabio expresses his perspective on the challenges faced in the crypto and general markets, emphasizing the need to hang in there during tough times. He believes that the community should focus on the long term rather than the short term in 2023, with hopes for the next Bitcoin Halving in 2024. Julian echoes this sentiment, stating that the real winners in 2023 will be those who play for 2024.
Julian raises questions about the potential impact of the Bitcoin Halving and how it may or may not affect the market. Fabio discusses the possibility of stagflation in macro finance, highlighting the challenges that may arise if major companies face sideways volatility or decline while inflation remains high at 4% to 6%. Julian draws parallels to previous years, suggesting a potential repetition of the trends seen in 2020, 2021, and 2022.
The conversation transitions to Ethereum, the second-largest cryptocurrency, with Fabio sharing his thoughts on the future of ETH. He believes that the true potential of Ethereum has yet to be fully realized, especially with a large portion of the currency being staked. Fabio suggests that the impact of the Shanghai upgrade in Q2 of 2023 could reveal more about the future trajectory of Ethereum.
Overall, Dr. Julian Hosp and Fabio offer valuable insights into the potential performance of Bitcoin, Ethereum, and Micro Finance in the coming year. Their discussion highlights the need for a long-term perspective in navigating the crypto market and preparing for potential challenges in macro finance. As investors and enthusiasts look ahead to 2023 and beyond, it is important to consider the broader trends and developments shaping the future of the industry.
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