David Marcus, Facebook’s former Head of Messenger and Head of Crypto (more specifically, the Head of the Novi digital wallet), shared his predictions for 2023.

“Interest rates will continue rising into the first half of the year… Inflation will recede, but the risks of a full-on recession will be very high… We won’t exit this “crypto winter” in 2023, and probably not in 2024 either. 

“It’ll take a couple of years for the market to recover from the abuse of unscrupulous players, and for responsible regulation to come through. Consumer trust is also going to take a few years to rebuild, but ultimately I believe this will prove to be a beneficial reset for legitimate industry players over the long run…

“In crypto, years of greed will make room for real-world applications. The years of creating a token out of thin air and making millions are over…  the Lightning Network will start to show promise as the world’s most effective open, interoperable, cheap, real-time payments protocol.“