Hoping 'crypto winter' will end next year? Don't bet on it, warns davidmarcus.
) and crypto will need until at least 2024 to"recover from the abuse of unscrupulous players," says one of the industry's best-known names.released on Dec. 30, David Marcus, CEO and founder of Bitcoin firm Lightspark, disappointed bulls with his outlook for the coming years.Less than two months after the FTX meltdown, the repercussions continue to unsettle sentiment and price performance alike.
While mentioning FTX only once, he referenced what he called"unscrupulous players" dragging out market underperformance even beyond next year."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.
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