Web3 Academy 2024 predictions

Transcript

GM GM welcome to web through Academy your one trusted source to capitalize on the next big phase of the internet don't get caught in the hype cycle I'm jird joined by my co-host Kyle reidhead and we believe that our 2024 predictions might change your world that's why we're carving a path for doers to confidently build and invest in web 3 happy New Years everybody it's coming up and uh today we are going to have some fun and list off our prediction s for 2024 2023 we tried some predictions we'll cover some of those in this episode some that we got right some that we failed miserably and some were just kind of in the middle but I mean how could you

predict what happened in 2023 one of the most important people in crypto CZ has had to step down and could go to prison coinbase launched an L2 I don't think anyone guessed that one at least I did not hudg you penguins getting in Amazon and Walmart like there were so I mean Black Rock ETF I don't think this was on anyone's Bingo cards this year but let's try and see if we can predict what's going to happen next year our fingers are on the pulse all year literally two years now straight we've been doing this podcast and uh we cover everything so you think we should get something right I hope but anyway Jay has 10 predictions I think I've got 10 predictions we're going to walk us through all of those some of it might be Alpha some of it

might be completely wrong but let's see what happens either way we appreciate you tuning in over the holidays as you gear gear up for the new year this isn't the regular rollup we know it's Friday but we wanted to set you guys up and look ahead to 2024 and as you look ahead you're going to want to make sure that you are confident in your Investments that you're on top of your game and that all starts by subscribing to our newsletter which is free so click the link in the show notes if you're not already subscribed and if you really want to step up your game and you want to build wealth in the next year here which if you're listening to the show I know you do then you're going to want to go pro if you haven't gone pro already so check

out our Pro reports it's been a few in the last month that will really set you up to take advantage of the upcoming bull market and as well as that you might also even check out our investing course you got some time over the holidays you're sitting around you want to learn well Teck check out our investment master class because that is going to also set you up for 2024 as likes to say if you go pro you get 50% off the investing master class so that's really the one two combo boom boom get you done get you ready for the bull market bull market prep pack let's [ __ ] go all right Kai before we jump in as we do just take a minute to hear from our sponsors modern newsletters are

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one which I think was the one that we nailed the most and actually it wasn't me and it wasn't you it was Raul the intern who's no longer the intern he's just our our main dude does all of our everything for us our content our copy our so much we're very good for anyway he had the best pick of them all prediction and that was that he called it ethereum Supremacy where by a bunch of l1s would convert into an L2 on top of ethereum and uh we saw a bunch of them polygon was the first to announce this pretty early on in the year we had CeeLo ananto AAR Eclipse all were L1 blockchains that are converting into becoming a layer two on top of ethereum so really good prediction we knew l2s

were going to be a thing but I don't know I wasn't necessarily calling that it was gonna happen right away that you know some of these l1s would would jump over that quick but a bunch did and so you know kill a job Raul on guessing that prediction that was a big one and not only that there was one I'm trying to find it right now just this morning I saw that another L1 announced that they were going to become L2 interesting I don't know I didn't see that I don't know which one if you're staying up to date in our Discord you'd stay up on top of this type of news so lots happening there okay second prediction we made was we said Reddit would onboard 50 million people on chain and this has not happened they have not onboarded 50 million people on chain at the time of

this prediction Reddit had onboarded about four million people on chain and we thought they would just keep going up which it did in February Reddit released a Super Bowl themed nft which brought about another 2 million people on that collection in total last year Reddit onboarded about 25 million on chain so that wasn't so bad that was my prediction by the way and I feel pretty decent about that one I would say directionally you were correct you didn't get the number right but directionally you were on point one prediction we did not get right was we said that Amazon was going to launch an nft Marketplace I don't know if you guys

remember this we weren't the only ones that said this lots of people were talking about this it was big big time hype we thought that they were going to launch this nft Marketplace you'd be allow Amazon would allow you to buy nfts with your credit cards using your Amazon account we were all so excited and nothing happened there was literally nothing that came out of Amazon related to an nft Marketplace so yeah this might have been our worst prediction of the year yeah I wonder if it still eventually comes we they said nothing about it but whatever is what it is I guess I had one more that I that I actually got and I I pretty well nailed it actually which was nft utility over speculation so this one we said we predicted that nft dollar denominated

trading volume would not reach 50% of its all-time highs from the bull market so from the previous years which it did not do it did not reach 50% we're currently I don't know maybe like 20% of what it was so we nailed that one but there was more to it we did also say though that we would hidden alt although we wouldn't hit 50% in volume we would hit all-time highs in nfts minted and that also did happen now I thought it would happen because well I guess this actually did come true I thought it would happen because free nfts would become the like new meta and the big thing which they did Zora really lit that up and a bunch of others and so like those did become very popular over on the ethereum side but then salana really kicked this thing off and you can

see that just blew out last year out of the water from compression nfts which you get were also free nfts just nfts us as utility like helium for example used MTS for its deep in infrastructure so things that you're not speculating on and with compression FTS they're minting millions of nfts a week something we could not do back in the previous bull market so we actually nailed that one almost perfect on on both sides of it in terms of volume and in terms of nfts minted so good job team way to go okay let's jump our 2024 predictions let's talk about what we are predicting for next year Kai why don't why don't you start us off here what's your first prediction for 2024 yes so my first one is on ETF approvals we talked about this in our

last episode that we would have some Alpha on this it's not really Alpha it's pretty obvious at this point but I'm expecting both Bitcoin and eth spot ETFs to get approved in the US Bitcoin by January like 10ish and then eth by May potentially sooner but probably they'll wait till the end but who knows and then the other little tidbit ad here because honestly I went through my predictions and I was like a lot of these are at least to me feel so obvious which I guess they did last year too and most of them did not come true so it's kind of funny but I also think that in 2024 a salana spot ETF will be filed but I don't think it will get approved not that it will get denied I just think it probably comes either in the end of the year and so it doesn't get approved

maybe until next year or it just actually doesn't get approved and the only reason I say that is because SEC still is calling Sal security with its core cases with coin basing that so it probably needs to settle those things before this would happen Okay so I'll jump in with my similar predictions related to the ETF approvals and filings I think the Bitcoin spot ETF will be approved in the year I think before January 10th fairly confident in that I believe the ethereum spot ETF will also get approved the only thing that I'm saying is I think that the salon I think that there will be a filing for a salon a spot ETF I believe that that will be filed for before the eth spot ETF gets

approv by May which will just further the salon hype and maybe continue not continue the e downtrend but dampen ethereum's ability to get a narrative swinging back its way wow that's a big call man that would really set the salana crew on fire because the the what do they call the manlets are are fired up right now which I am too I would I'm not a manlet I'm not any of these things but like definitely it's a high EOS system right now they would go nuts if that happened okay what do you got first next guy all right my next one's on coin coinbase which we've covered quite a bit I believe coinbase is set to reach new all-time highs going Beyond it its hundred billion doll market cap which is what it ipoed at if you've seen the I

guess you can see the chart right here on the screen but it ipoed at 100 billion and has only gone down ever since until finally reaching the Bottom now it's on its way back up we still have this is 185% but I think I wrote this a couple days ago and coinbase is absolutely ripped since then still so it's probably about 150% or so to get to I think it's about 400 20 or $430 a share we're currently seeing about 160 so we've still got a lot of room to go I think it surpasses that next year I think that's a great prediction what I like about this prediction is I don't think many people in crypto are focused on stocks so I like that you're bringing in a Trad five prediction and also I think this catches a lot of people by surprise I know for

sure not Trap by but you know what I mean I think yeah I think this catches a lot of people by surprise and I think that really legitimizes having a legitimate player like coinbase that's doing so well will just lead people to say oh wow if they're doing well in the stock market then maybe I should look at the crypto markets too well all all the analysts were doing their numbers on coinbase based off bare Market numbers and they just didn't think to predict in like oh well what if another bull market comes then what kind of numbers can coinbase do they just they didn't see that and so they just completely missed it which is hilarious I mean among many other things about coinbase and crypto but but this what it is all right what do you got all right next up I'm going

to do my Bitcoin price prediction for the year I believe that Bitcoin will break 100K in 2024 heavy I could see that I could see that I hope so Kai what's your bitcoin price prediction for the year I don't have a specific price prediction for 2024 for 2024 I have a like overall prediction for the cycle I did a a video on this on YouTube and on Spotify so you can listen to that podcast it's like a week ago I think I put it out so check that out and so I have some there but for 2024 I just said it'll beat alltime highs so above 69k which still always makes me laugh that the alltime high ended at 69k last cycle like that's just there's no way that wasn't planned yeah so we're actually not far off each other

you're at 69 I'm at 100 we're in a similar ballpark I'm obviously a little bit higher than you I'm about just over 2x where they are now and you're just under 2x where yeah you're about a trillion dollars more in market cap than me true true just a little bit it's GNA it's going to add man we got a lot of marketing coming into Bitcoin a lot is true another okay let's go to ethereum on the ethereum side I believe that ethereum will surpass a 10K price in 2024 so I'm also feeling good about ethereum and I also believe it will outperform every Mega cap Tech stock and lead the way as one of the leading tech stocks even

though it's not a stock it'll beat them also my predictions on ethereum are that post EIP 4844 the L2 will become increasing increasingly significant in capturing more of the evm compatible tvl and the volume so we're going to see I think it's funny we just recorded a podcast talking about is eth dead and what is going on in all the l2s I think that l2s do incredibly well next year and continue to grow especially post EIP 4844 which should happen in q1 of 2024 yeah uh again not sure about 10K on mine I think in P's alltime highs which was

about 4900 um in the last cycle you're saying we double the alltime highs by next year I hope so I I I see a clear path for it I just um I'm not going to put my prediction on that but I definitely think we go over 10K within the cycle for sure what do you think this okay so what do you think the cycle prediction is then or do you want people to go watch and listen to your other content to figure it out I have a bit of a range and I break down why I have those ranges so like go watch anyway but basically I think anywhere between 10 and 25k okay I thought you had up to 88k I thought that was a number yeah but I that's just from the analysis that I did I don't actually believe that that happens yeah but it's like from some of

the analysis that's what some of the charts suggest okay let's go to salana price predictions on the salana side I believe soul will reach and surpass 500 in 2024 so again only a double from its alltime high so around similar to to what eth would do I just have again beating alltime highs I de said it'll be alltime highs across all three of these Bitcoin Ethan soul but that would be heavy $500 but let's see I mean the thing's getting close already what was the all-time high two 260 260 yeah but let's dive into salana more I do have a nice prediction here on salana so in terms of daily active users I see salana becoming the number one chain of all chains with over 10 million daily active

users at the moment salana is behind BNB with just 530 daily active users also behind Tron which is including here which is about a million 1.5 million I forget what Bitcoins is though but there's a few others there B&B there's Tron and one other that's ahead of it but anyway I think salum blows them all out the water and I think that's going to have because some sort of pretty good app will come in that anyone can use and so get there now to be fair this image that we have on the screen is actually updated which is funny it's from December 13 it's not that updated but it is very updated because few days after this is when all the air drop stuff happened and so now salot is already over like 1.5 million so it it more than tripled in a matter of like days which

look that's not real numbers but is what it is either way I think Sal goes to 10 million daily active users I like that prediction It lines up nicely with my next prediction I think that the app that is going to bring the most volume traction to salana in terms of minting volume not in terms of price volume is already here and that is drip I am predicting that drip will mint over 1 billion billion n one year in one year or that's their total in one year in 2024 I think they'll do one billion which breaks down to over I think it's over three million a day that they would have to do in order toit this what are

they doing now do you know they're doing almost three million a day right now so it's maybe not such a crazy prediction yeah they do three million Ms a day what are they doing with those things day a day yeah this is the app that not a lot of people are talking about or know about because it's over on salana and people haven't been talking about salana until about a month or two ago yeah but damn you can go back we did a podcast with the founder drip breaking down their numbers their success if you're wondering how the heck an app is minting $3 million 3 million nfts a day you're gonna want to listen to this because it's it's really impressive it's like rewards prints for people that sign up daily prems like it's it's pretty cool it's like the Instagram of apps it's a

new way to think about Instagram it's a heavy comparison to say they're like the Instagram like that's obviously you know a billion dollar billion dollar company that's huge that is achieved incredible success and it's still early for drip but their model is very similar type of model to Instagram it's this idea that you follow different creators and then you by following them you get access to their drops and there's so many drops a day and there's they're using Rarity very interesting you've got a um a growth and wallet usage one just similar to what I just talked about but I mentioned just on salana why do you throw that one out here too yeah so my growth in wallet usage is I believe the number of daily active wallets sorry monthly active wallets will reach 40 million far exceeding the previous

all-time high all-time high currently is 19.5 million now this is a proxy number that comes from a16 Zed state of crypto so it's across all blockchains as opposed to just being on one that's kind of bearish so I guess in 2023 we went from about 10 12 million up to 19 million so in terms of grow and like in 2022 we did true we did more than a double so I'm a bit bearish on that one I think it's going to go more what do you think especially well I think Salon is going to be 10 million daily actin users this is monthly acting true so it's good go what do I think I didn't put a prediction in for this one I just set myself up for failure here uh I don't

want to go I'm going 50 billion that's bearish yeah but I want I throw one more prediction I predicted last year this prediction and I'm just definitely down I got it wrong I predicted that Starbucks Odyssey would on board 5 million new wallets Starbucks Odyssey did not they heard about 12,000 members in the Starbucks Odyssey program but the main reason is they're still in beta they haven't opened up to the public yet I believe that this year they will open up to the public because mainly because if the bull market goes they're going to want to be a part of that excitement and that energy and the timing will be perfect if they do I believe that they will hit five million

active wallets new wallets in 2024 yeah you know what I actually don't mind your prediction of getting the 40 million because it's active users not wallets techically this one which is a good point the like my prediction on salana is that's not humans that's wallets which like as I just said it just tripled but that's just because of aird drop Farmers so cheap you can do it like crazy on salana and so like I think that continues so I don't think it's 10 million people that are active on salana so that's a good good point all right we're going to jump over to the layers two world because I think that they're going to have a breakout year next year I that they didn't this year as well they went from about three billion up to 16 billion in value locked and a hell of

a lot of users but I think that layer twos will continue that and the tvl will soar to over a 100 billion by the end of the year so it's currently sitting at 16 billion right around the end of the year here and I think it does at least a Sixx and goes to over 100 billion there's also maybe about like 30 l2s contributing this I think there's going to be I should have actually done this one I just going to ask you this question actually is does this come from existing l2s or do you think this comes from new l2s a combination I think we continue to see massive growth on the big players like arbitra and polygon not polygon Sor arbitrum optimism ETA polygon as well actually and then I think in base but then I think there'll be some new ones

that do I mean just the left last month we've seen blast and Manta Network blast brought in almost a billion man has brought in over 100 million in a couple days so like I think we'll see a bunch of new ones as well and this goes over 100 billion it's also a bit easier when all the assets are going to go up by like well we believe they're going to go up by like three four 5x whatever you don't even need to get much more for this to happen to be fair we're not cheating here folks we really do this stuff okay next up this is a funny prediction from my side is we predicted in a way we predicted this last year at least Kai you predicted that apple and Amazon were both going to launch big things in 2023 which none of them did uh

I'm predicting something similar I'm predicting that Amazon and Microsoft and I actually I didn't put Google in here but I would include them as well rather than predicting that they will launch consumer facing apps I believe that Amazon Microsoft and Google will all launch major blockchain infrastructure projects in 2024 because I think they realize that that is the play right now we're a little bit early for the app side and for the user side that is coming and we're clearly seeing that but the big opportunity right now for these Web Two incumbents is to focus on the infrastructure side of blockchain like Google's already done with some like Google's done a bunch of validator stuff

yeah Google started to do it yeah with layer zero and they've done validator stuff so they've already started but I think we're going to see more of this from the big incumbents I could see them waiting until 2025 but that's your prediction not mine okay what do you got for us next okay this one I feel I hope I get this one right because I think this one's pretty cool I think that new no gas fee l2s and no gas Fe applications are the new meta in 2024 and what I mean by that is I think that they become the big thing so we've this year it was I this last couple months has been all the sala how cheap it is right l2s how cheap they are or can be and I think that that doesn't matter I don't care about low fees I care about

no fees and I think that's coming immutable already does this and the new mutable chain coming out that's partnered with polygon is also doing this and really this can only happen a few ways one with an L2 because the L2 can just create a completely gasless Network and they just pay for the gas in the background which is what im mutable does but the way that this works or you can do what sound has done for example which is on optimism which is they just handle the gas feed in the background from an application standpoint and so you don't have to ever think about that now by the way the way that a mutable does is they get their revenue from volume they take a fee off of every transfer and so they end up making enough profit on this so it makes sense so I think this becomes a big thing more

l2s follow suit of what immutable is doing and I think this also gets enabled by wallets I think the other way you can make this ux work is if you have a wallet so like the immutable passport for example only people that use that passport on the new L2 that immutable polygon have together only they get gas for free and that's because they can control that ux from the wallet and they can block users from doing like farming activities that would make them spend a ton of money on gas and so they they can control what is actually allowed to be done through the wallet ux I think we start to see this happening a lot more so that users can benefit from onchain stuff um but then not have to pay gas and then also businesses can control it and I think Lunes will be the big thing

that allows this to happen tough to do this on other chains I like this prediction I really like predic I do too but thank you that's a great one okay next up I'm getting political for a second here I'm trying to manifest this one as much as this is a prediction not sure I fully believe this prediction to be honest but I'm I'm manifesting it I foresee that Robert F Kennedy Jr becomes the next pus the next president of the United States beating out Biden for the Democratic nomination and then beating down Trump to become the next president really I just don't want Trump back in office and also the reason I bring this up is Robert Kennedy Jr is pro crypto and is a

fan of crypto a fan of Bitcoin and so I think this would be a great thing for us the entire web3 industry in the blockchain space if he got in he is the first president nominee to be accepting Bitcoin donations you can donate to him in Bitcoin right now the other thing I think is that as a result of the US election coming up in the late 2024 we will see a massive surge in AI generated content and I believe this will drive adoption of blockchain as a verified identity solution I think we could see the election being the Catalyst where all media and this big narrative comes

out that it's a you we already know this is a big problem around verified content and AI you know has the ability to create deep fakes and there's going to be so much fake content around the election I fear and so I think that'll be the Catalyst that leads to some major adoption of some sort of tool some sort of app to be the leader in verified identity so you don't think we have the solution or that it happens in that moment but you think that's the Catalyst that goes oh sh that's a really big problem here and then we start to find yeah okay agree I would agree with that I think for sure the a gener content is gonna be an issue I was just gonna say I think we're too early for blockchain to solve that yeah or at least for like

everyone to get on board with it like I think this [ __ ] takes time but I agree like I think something bad basically what I'm saying is I think something really bad's going to happen like I think like Trump Russia somebody's going to do something really bad they're going to create crazy deep fakes and it's going to be everywhere and we're all going to know about it and it's going to force our hand to create a solution in 2025 you've got one more political prediction there you want to yeah this yes my my one more political prediction is that it is this might be fairly obvious I'm not even sure this is really a prediction basically I'm saying that political events in 2024 and elections world wide especially the US election are just going to create a lot of

instability in a lot of the economies in the markets as they usually do and that will as a result lead a lot of people to move their assets to bitcoin as a hedge against instability which will only drive up the price of Bitcoin further which is why I think it'll hit 100K by the end of the year right also going to be money printer go Burr during presidential elections because the current president wants their citizens to be happy so they need to give them the money and they want the economy to look good so they need to stimulate so it's another reason why assets always go up in election years always always always did you say go Burr is that your your noise for the money printer yeah remember that Meme from 2020 and 2021

come on there's like the Drone pal with the money PR go like this just says bur on It come on that was like everywhere you're such a boomer Jay you can't say that all right I'm going back to the prediction that everyone has made for the last I don't know five years in the space and it's around web 3 gaming but this one I'm getting it right I swear my prediction is that three web through games will hit over five million monthly active users and at least one of them will be on immutable and it also expects mutable to emerge as the top L2 specifically for users and transactions so not for volum tvl which is what most people look at but I think users in transactions IMM becomes the biggest L2 and it would be because of the this game

but also like we already have some games that they're just not on like the main chain so we don't really track it but like there are some games that have in the millions already like what's that football one that mile rivals on Mystic or whatever some chain that yeah so we can't even we can't even do but it already has I think in the millions there's few others but again on like these J these raggedy chains that we just don't really know maybe they're not raggedy I don't know but I feel like if they're not public and I in transparent I can't read them then I don't like them so move to an L2 or SL or something already and let's go here otherwise I don't know that I'm maybe even I'll making my prediction I'm not counting those games only count the ones that we can actually see on okay like

waack hold all the ones that you can trust because you don't you don't trust with yeah exactly exactly okay keep going I I somehow got through all my predictions before you got through all yours so I'm all right my next one is pretty big one I think this one's going to be good so this is Corporate Ventures inel to what I mean here is that I anticipate that two publicly traded companies will launch their own Layer Two Solutions moving beyond just coin bases ini issues so we already have coinbase which is a publicly traded company but like whatever it's a crypto company so like that's different flip cart was the next one I don't know if they're publicly traded though but they are a$ 30 billion doll company so regardless a big company I think we have two publicly traded companies I don't

know which ones but I think they will launch an L2 and I I'm not going to throw this on the but one of them will probably be this gasless type but let's see yeah I like that prediction now I'm wondering who it's going to be though is what I'm trying yeah I didn't put enough thought of that yet but I I would like to think through that but I think it's going to happen I'm pretty sure that like the tech is there for this to be pretty easy it's not like launching a chain anymore like your own L1 or whatever pretty not simple but pretty easy to do if you have a good go-to strategy and I think there's going to be companies that want this just like we' see a footp cart so let's see I could see Starbucks doing it Starbucks would make a lot of sense yeah so Amazon would

be perfect you know the thing where I might win this one is like the minor companies and there's like Galaxy like there's big crypto companies that are technically public and so like I don't know they might but that would be kind of that doesn't count that doesn't count hey I didn't specify which company my predictions all right I think I have two more left this one I actually was thinking about the other night I don't think it's going to come true but I'm going to say anyway which is I'm predicting that X will introduce a wallet or integrate crypto payments within its app like do you think they will do this I just was realizing I don't think they're going to do this until regulation is a little bit more clear and I not sure that we get that early enough next year for them to then

execute this launch I'm not retracting it but I just am not fully conf you know what no I like this prediction Elon hates the SEC he is true he does that's a good point so like why would he wait for reg but like I know they're getting all their money licenses and blah blah blah like money transmit licenses or whatever it's called and I mean they have a bunch of but they don't have all of them but like technically it's not illegal to launch a self- custody wallet or something so like it should be simple I mean telegram's already done it yeah maybe they will I don't know that's my prediction anyway we'll see what happens they're for sure gonna do it I know Elon wants to do this and he wants to be a banking app he's not going to use old banking infrastructure he's gonna he's

first principles and if you're going first principles on money you're obviously going crypto it is the 10x better solution so like there's just no way he doesn't use crypto so so anyway what'll happen next year I'm thinking it might before you before you give you next one I want to jump in with the i g I'm gonna throw a couple in from our other team members who are making predictions here yeah yeah so I got one from Raul here rul as we said is our you know really one of our key team members who does so much for us and he's got an interesting prediction here he believes that ethereum is going to outperform bitcoin says he's confident that eth will significantly outperformed Bitcoin and the E to BTC price will reach 2018 highs of

0.11 this means that eth perform Bitcoin by 2x I mean my assets and my portfolio is definitely in agreeance with him that's my bet too for sure I I think it happens especially because we've lagged so much in this year that like we've got a lot of room to catch up and so it just it makes sense let's see okay interesting I'm just not sure this happens in 202 4 if this doesn't happen till 2025 feels like we'll see I think it happens for sure okay let me go back to me and then we'll go back to you one more um nft markets I want to go back to this one I believe that Weekly nft volumes will surpass previous records now what I said was alltime highs of 2021 the problem is

there was one random day in 2021 or week where we hit more than three billion 3.2 billion and that was I think a bit of an anomaly and so I don't know that that is the number I wanted to go off of but I asked for I will to grab the alltime high and that's the one he chose so he's making this one really difficult OB me really the alltime highs were around like the two billion range which I think we surpass that but who knows maybe we will get that three billion I think I teas are back and they're G to come full force and so if we've got all these like more users in capitals way higher yeah maybe I like it I like it okay I got one more for you from Raul here Raul predicts the launch of Base token this is a moonshot he says he's

not too confident about it but he has a feeling that base token will be introduced in 2024 with the goal of decentralizing the Bas L2 blockchain he says the launch of Base will occur sometime in the middle of the L2 narrative which will be crazy I say 0.5% chance that happens I agree I don't think Happ I think it happens what would be cool if it did is they would be the first publicly traded company to launch a token which would be pretty sick yeah I don't think so I don't think so in 2024 I think Bas is fighting other b or sorry coinbase is fighting other battles they don't need this battle as well well they need the token they don't need the token well maybe they do to decentralize in

the future I'm not sure but they might not need it because they can use other technologies that will help them like Ian layer and stuff which I've been trying to learn about but it's just insanely difficult anyway yeah this one's far but but if he gets this right we're taking them for dinner okay I've got let's see I've got two more okay so this one is stable coin market cap so I think that the stable coin market cap will um exceed $250 billion which is almost a 2X from its current value around 130 billion at a 25% more than its previous all-time high back in April of 2022 so yeah big gains in the stable

coin world coming for next year which by the way it's alltime high was not during the bull market mainly because a lot of people have their money in actual assets during the bull market not in Stables but I think the bull market continues assets go up but so do stables at the same time I love this prediction I I completely agree mainly stable coins are said it a million times they the killer killer app of crypto and everybody listening to this podcast I'm sure that you have sent stable coins to a friend or a family member you've experienced what it's like to send money if you haven't you know you will and try it out but with the advancement of so many apps that are going to make it so easy to send stable coins directly in Telegram

in X maybe that comes in 2024 we'll see if they launch a wallet it's just you can't even compare with sending money by stable coin versus sending it by whatever I got another hot take I bet you that we go up o in stable coins for the next decade every single market cap raises every single year for the next 10 years and probably beyond that actually maybe not beyond that because at some point we might get off the the dollar standard then sa coins become somewhat irrelevant but I don't know if that'll like if that'll happen anytime soon no time soon I like that I think we are up only for years and years and years we don't go down again we only went down because this is the cycle where step coins just came and they were new and then we had a bit of scares with the

teruna collaps and so people like what the heck I think people don't leave the ecosystem this next cycle they just go into Stables so just up and up and up yeah because utility also goes up and up and up along with it okay I got one more people AR going to like this on this space but I think the rise of kyc applications are here and so in terms of like the next meta I think we're going to see a significant shift towards no year customer that's kyc apps and know your customer liquidity it's going to gain real fraction in the market I think also to add to that it's going to confuse the [ __ ] out of crypto Twitter and everyone's going to absolutely lose their minds and not understand why this thing is growing why people are using it and so I think this happens on bass I

think it happens on a bunch of different chains and probably a lot of it happens from Unis Swap and other apps that exist out there which have hooks and these hooks are what metamask as well which allows you to have kyc which again we have this coinbase attestations and other things and so that institutions can get involved in Defi and not have to worry about providing liquidity to terrorists and things like that this is the only way to do it so I think there'll be liquidity pools that are not kyc and there'll be some that our Ked and um if you want to get in the K ones you'll have to have your wallet Ked I think this is going to become a big thing next year I don't think it's like bigger than nonky seed or anything like that I think we start to see this become

a big thing though over the year yeah I feel like this is inevitable it's whether or not it happens next year not sure I think the apps will be there will they have the usage and liquidity that's the only thing I'm not so sure about but I agree that kyc applications are they're inevitable it's yeah we want it crypto Twitter goes crazy because they think that decentralization is the only way but there's all shapes and sizes in this world and we want them all on chain even though a lot of them will need kyc I got no problems with that yeah it's still going to be on decentralized stuff it's still going to be self cuss it still has all the benefits you're just going to know who the person is that's using it but again you also then have the option to use the non kyc ones

that's the whole point in this system that crypto Twitter will not get and that's why they all lose their [ __ ] and they'll go crazy will all this kyc be using ZK proofs in which case it is a different kyc than our typical kyc uh yeah I don't think that that is I don't think that happens next year that's not what I'm thinking it's the more like coinbase type kyc which is gotten Zer proofs but that's a good good point what about I got one more question for you does while we're talking about stable coins does Circle IPO next year oh yes I think they do and I think they're the only other crypto companies IPO but great for the entire industry great for regulation great for stable great for stable coins yes we need them to do that

yeah like I don't even know that they necessarily want to do that but I think that they need to do that for the entire industry as I think they will but let's see all right well there you have it folks those are our 2024 predictions what do you think how do you feel about them what do yours yeah if you're on YouTube or you're watching on Spotify you have the ability to comment please comment one two three everybody you want let us know your predictions we want to read them over the holidays so please comment in let's see what your predictions are also if you're in our Discord feel free to reach out there and let us know your thoughts and feel free to trash our predictions if you disagree with them we love to get into a good healthy debate and Learn by yes hearing

what other people think and where you think we're going one thing is for sure it is going to be a good year ahead I have no doubt about that these are pretty bullish predictions here Kai everything bullish everything bullish full send everything let's [ __ ] go happy New Year everybody thanks for listening in we'll see you in 2024 thank you for listening to web through Academy your one trusted source to capitalize on the next big phase of the internet if you enjoyed this episode please share it and subscribe or follow so that you don't miss the next one while you're at it there's a link in the description for our free newsletter where we provide timely and relevant web through insights so you can confidently build build and invest in web 3 make sure to subscribe

today one final note this podcast is for educational purposes only and nothing we say is financial advice crypto and web3 are risky and you should never invest more than you're willing to lose thank you friends and see you in the next one