2023 Predictions for the Digital Asset Ecosystem

Peter Hans
Jan 11, 2023

Blockchain technology has enabled a digital asset ecosystem that can change how we live, work, play and interact on a global scale. While the digital assets market unfortunately experienced high-profile collapses lately, it is essential to distinguish volatile price action, process failures and fraud by bad actors from the robust foundation. The underlying distributed ledger technology (DLT) has immense potential to propel the modern innovation of finance. 

Considering the promising advancements of blockchain networks and their diverse applications and projects, here are my top three predictions to look out for in 2023: 

1. There will be a more overt distinction between investing in blockchain technology infrastructure, cryptocurrencies and Web3.

Currently, cryptocurrency is the most well-known application of blockchains, but the technology’s capabilities transcend digital currencies. Blockchain technology has evolved from early roots in a single blockchain network and cryptocurrency to a diverse, ever-expanding digital assets universe. The technology gave rise to dozens of major blockchains now driving the industry (nearly 1,000 more exist), over 13,000 tokens with diverse utilities and functions, decentralized finance (DeFi), more than 4,000 decentralized applications (dApps), the exploration of Web3 and burgeoning metaverses. As more people broaden their understanding of distinct ecosystem components, there will be a clearer delineation between assets that exist purely as a medium of exchange (e.g., Bitcoin) and those that aim to leverage blockchain as a technology for real-world use cases (e.g., infrastructure, smart contracts and tokenized physical assets). This knowledge will attract token issuers like corporations and municipalities, which will usher in investment bankers, broker/dealers and investors.

Continue reading on WealthManagement.com...





To learn more or talk to us about investing in digital assets and cryptocurrency
call us now at (424) 289-8068.

Watch Our Founders Video



Subscribe For the Latest Blockchain News & Analysis



Disclaimer: This commentary is provided as general information only and is in no way intended as investment advice, investment research, legal advice, tax advice, a research report, or a recommendation. Any decision to invest or take any other action with respect to any investments discussed in this commentary may involve risks not discussed, and therefore, such decisions should not be based solely on the information contained in this document. Please consult your own financial/legal/tax professional.

Statements in this communication may include forward-looking information and/or may be based on various assumptions. The forward-looking statements and other views or opinions expressed are those of the author, and are made as of the date of this publication. Actual future results or occurrences may differ significantly from those anticipated and there is no guarantee that any particular outcome will come to pass. The statements made herein are subject to change at any time. Arca disclaims any obligation to update or revise any statements or views expressed herein. Past performance is not a guarantee of future results and there can be no assurance that any future results will be realized. Some or all of the information provided herein may be or be based on statements of opinion. In addition, certain information provided herein may be based on third-party sources, which is believed to be accurate, but has not been independently verified. Arca and/or certain of its affiliates and/or clients may now, or in the future, hold a financial interest in investments that are the same as or substantially similar to the investments discussed in this commentary. No claims are made as to the profitability of such financial interests, now, in the past or in the future and Arca and/or its clients may sell such financial interests at any time. The information provided herein is not intended to be, nor should it be construed as an offer to sell or a solicitation of any offer to buy any securities, or a solicitation to provide investment advisory services.

You May Also Like

These Stories on Blockchain Trends