Experts Insights: Coinbase 2023 Crypto Market Outlook

Summary

The 2023 Crypto Market Outlook provided by Coinbase covers the current state of the cryptocurrency market and its potential future developments. Despite the market facing a setback, the report highlights that institutional crypto adoption remains strong, with investors taking a long-term perspective and using this time to build infrastructure for the future. The report also notes that the total market capitalization of cryptocurrencies is currently around $835 billion, down 62% from $2.2 trillion at the end of 2021, but still high compared to most of the asset class's history. Additionally, the report expects greater calls for regulatory clarity as institutional investors push for better governance and standards to make the asset class more accessible, safer, and easier to navigate. The report also looks at the future potential of tokenization, permissioned Defi, web3, bitcoin's core investment thesis, Ethereum's network activity, and the use cases for non-fungible tokens.

The full copy of the 2023 Crypto Market Outlook Report by Coinbase can be found on the Coinbase's website. Full report