“Next year is gonna really show everyday people what crypto is for,” Bruno Caratori (co-founder of Hashdex) confidently said to me, last week:
He didn’t mean just bitcoin. He said that the next year may be the “dawning of the age … of a crypto beyond bitcoin.”
Caratori’s reasoning is largely based on the fact stablecoins are gaining mainstream attention.
RWA totals nearly $14 Billion, while stablecoin values exceed $200 Billion
Caratori stated that stablecoins are superior to other coins because of their durability. “easy enough” Understanding is important.
If you were to ask Caratori for some predictions — and, dear reader, you best bet I did — he’d tell you that he thinks we could see “everyday transactions” In the US, stablecoins will be used starting in next year.
Circle could enter public markets as early as 2025. Remember that we talked recently about how a Circle IPO would look?
It’s the first time we will see the “most significant IPO in crypto since Coinbase.”
“This is a player that’s going to get a lot of notoriety. First of all, it’s going to get resources to invest in the ecosystem. And even what they’ve been doing so far, initiatives such as integrating into Stripe may be the major gateway for online commerce. [With] initiatives like these, they’ll just be better resourced with not just money, but the credibility that comes with establishing the relationships,” He clarified.
Caratori believes that if we can see crypto adoption, we may see an end to the boom and bust cycle. It’s controversial, yes.
“There’s this widespread consensus in crypto that it behaves in this four-year cycle, and that it’s been like this forever, and it’s going to continue to be like this. And that 2025 will be the year of exuberance, and that will inevitably be followed by a big 70-80% drawdown. I see how this was true before [but] I think that real adoption by governments, by big players — such as the BlackRocks of the world — [stabilize crypto].”
“So I don’t expect this to be a big exuberance and then a bust cycle after and again. The first applications are really going to become real for the public,” Caratori said.
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