David Marcus could lead a Bitcoin-focused firm, however he doesn’t see the Crypto Winter ending anytime quickly.
Marcus was CEO of PayPal and in addition ran crypto efforts at Facebook (now Meta). He at the moment leads Lightspark, a Los Angeles startup creating fee infrastructure by constructing upon Bitcoin’s capabilities.
In a weblog submit printed Friday on Medium, Marcus predicted amongst different issues how the crypto sector will fare in 2023. Crypto speculators hoping for a turnaround subsequent 12 months might be disillusioned by his outlook.
Crypto ‘ugliness’ on show
First, Marcus regarded again on 2022, noting the FTX chapter. The $32 billion cryptocurrency trade had established itself as a frontrunner within the discipline, having enlisted star athletes like Tom Brady and different celebrities to bolster its picture. Its collapse final month shook confidence within the crypto sector and spurred requires tighter regulation.
FTX founder Sam Bankman-Fried has been charged by U.S. authorities with eight prison…
2022-12-31 18:20:35 The Crypto Winter will final by 2023 and possibly 2024, predicts PayPal and Meta alum David Marcus
Post from finance.yahoo.com