What Comes in 2023 for Crypto Market? What Are We Waiting For?

European Blockchain Convention (Mar 2023) · 23 Mar 2023 · 14:41

Early in 2023, with Bitcoin up about 50 percent since the new year, the speaker argues that crypto is entering an adoption phase and that its value depends on markets and users rather than on exchanges alone. Prices are said to run in four-to-seven-year cycles, and the talk warns that crypto loses value if banks, pushed by governments, stop serving it, pointing to Korean banks opening exchanges. The proposed remedy is trust, then technology, then a marketplace, then users, with convenient and swappable coins across wallets, and the speaker presents his own exchange company as taking this market-driven approach.

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From European Blockchain Convention (Mar 2023), hosted by European Blockchain Convention.

Transcript

foreign [Music] guys uh I'm here today because I want to keep the promise because last year I was here we talked about the tokenization of everything and it gave me the assignment what should I talk about at this time so here on the screen what's happening in 2023 and also what are we waiting for the funny thing is 2023 what happened guys starting from December 31st till today Bitcoin rise 50 wasn't it 20K become 30k

and what else we are expecting from the market more drop or more hype I wish in this 10 minutes I can change your mind let me try here we go right that this is the first screen that I want to share with you Bitcoin came to us in 2009. 13 years passed do you know what else took 13 years to get popular first your phone your cell phone was invented and it took 13 years to reach to us to the market what else television took 13 years and TCP is also took 13 years so that means right now look around ask your

friend is your friend acknowledging what wallet is is your friend recognize what Bitcoin is right so now it's the time of expansion it's time to adapt now finally for the first time cryptocurrency and blockchain is coming to Life coming to Market so coming to market mean is payment coming to Market minutes supply chain wherever you go you might see or hear blockchain wherever you go you might see or hear cryptocurrency so here is the funny graph economically financially we saw this

expectation happened belief happen and thrill happened we hit the hot top price then big drop happened every four to seven years we have this cycle it's not like climate weather goes up hot then what happened all the agricultural things are dying off that means next to two years not enough crop to eat so then economy Falls so usually weather controls economy funny thing isn't it economy is reflecting in money and our daily life now funny thing is Bitcoin and cryptocurrency is doing the same

here is the fact 2017 Bitcoin went up high all the crypto went up high end what happened in 2018 January plunge happen look at the screen again 2019 but it climbs back all the way up and after that 20 21 you see Bitcoin drop up drop up keep happening this year 2023 I thought it would be different but exactly same thing happening in January climbing anybody from Finance anybody's doing the stock trading we call something Christmas rally everyone's purchasing like crazy because they go to the shopping mall buy all the

money is circulated so economy goes up stock market goes up Bitcoin and crypto do the same but today let's change the subject exchange driven the other one is Market driven since 2016 I've been speaking out loud All Around the World Market driven is needed but today still today everyone think of Bitcoin and cryptocurrency as trading only making profit only item isn't it today I want to buy it because maybe I'm too late maybe if I buy it right now then I can get 200 percent see this exchange driven is necessary

because crypto without exchanging crypto without bank system we have no meaning because no value because still Bitcoin is valuable to me because it's thirty thousand dollar yet I can cash out then Bitcoin is valuable to me what if all the bank around the world say shut it down we don't want Bitcoin all the exchange saying that oh I have no permission to the bank so people who holds the Bitcoin or ethereum cannot cash out and you think we will still have this value right 2023 now we need to look into government bank exchange and individual relationship really carefully in this

year if the bank got controlled by government saying that no more crypto acceptance then crypto will lose the value then everyone here is we're in convention so we'll say oh they'll never happen in Korea we started already four major Banks they are making exchanges why are they making exchanges because government asked them to control the user again so this year 2023 I'm in Centurion uh you might see me at the booth we want to make the platform we want to make the Market Drive the crypto instead of the exchange

what does that mean let's go further if you go to convenience store I love Coca-Cola so if you want to drink one Coca-Cola if you can use your credit card to purchase it you are already into crypto why because you are away from the paper money you are away from the Fiat money into digital money many people around the world still think that crypto is too early but we already have digital money in our pocket open your wallet how many credit card do you hold that's all digital around the world 80 of asset is digitalized already now we talked about the cbdc that will happen guys when CBDs kicks in each

country represent one coin what will happen to bitcoin what will happen to altcoin do we have a place so now 2023 we still have two more years left Market must be created without Market we will lose our space now here's many projects we've been searching on we've been working on Centurion we have an exchange also but not only exchange we want to penetrate each one of us is life payment remnants education you you talk about it but you never do it so we did it for whole year last time I speak here then

the whole year we've been developing try to make the entrance after making that entrance what let me ask you what's your favorite item is that exchange only oh is that wallet style we talked about Dax we talked about sex let's go back to previous talk people did metaverse web3 great thing web 3 is actually another layer of perspective site of website you log into a certain type of website that's web3 now we need a Marketplace what is the marketplace that's metaverse we create the metaverse so the web through people can do their Commerce they can buy sell do whatever

by doing the metaverse what do we need we need a protocol so that's why we need a blockchain three Pacific layer let's not talk about detail engineering things last year I say that exactly exactly same thing you don't need to know detail you are not engineer you are the people who using this to make profit or benefit here value creation must happen with the crypto and blockchain and we need to know which one is strong and which one is weak if it's the strong we have to maximize it if it's a week we have to minimize it to do that here's the three things I talked about last year we must have a trust right

we don't trust certain company because they think we think that they are scammed we think that they are not real so trust building first after trust what do we need to do company must show the technology enough technology so people can use after the technology we need a Marketplace ICA Marketplace so many times right on top of all three what's most important you guys without user without people we cannot do the business so here technology will be managed by who blockchain company second one market will be drive by cryptocurrency companies so a coin

Bitcoin C token you name it nft D5 all good name if you really don't know don't put your foot into it because soon time will come last one is user user is doing only two things I'm user your user if it's comfortable we use it if it's convenient we use it isn't it we use certain applications certain credit card over others because we use it because it's more comfortable comfortable for me right convenience for me so it's self-oriented usage must happen so all the company blockchain

company our competitors or colleagues or partners let's do this not for us for users perspective it has to be easy to access easy to use right now for this we do have seven items we must have but let's just pick two how many wallets do you hold in your application I have about 20 different crypto wallets metamask trust wallet century and wallet please all right so all those wallets carries mainnet coin or token all those mainnet coin must be

interoperability element must be integrated if all those mainnet cannot communicate to each other we have no future I mean that big company just changed the name meta right he also said it metaverse must have interoperability function crypto also need that without having that like saying I'm from Korea so I use Korean one and US dollar in Korea one if we cannot change it no needs one must be respected dollar must be respected in crypto same thing each individual project and token and coin must be swappable

in your Universal wallet all right so in 2003 I want us to see one two three four five things first more understanding if we don't know we cannot use it second markets I want us to see more place where we can spend our crypto and more place where we can expose our crypto and feel good about it and then we want to talk about platform many platforms out there many competitions out there then we will grow let's go to the last one like I said we need more of you users you come in then we can make it happen

but that's what happened in 2023 and what we want to see is different isn't it what we want to see is actually truth fact we want to make money isn't it I wish we can buy crypto and make just tons of money without working in future in blockchain what we are trying to building is that we put a little bit of amount of money and tried to share the profit together POS starts with that D5 starts with that but what's happened centralized company must survive because we need to make a profit if we put this in decentralized position and many

developers and many companies saying that it will happen but simple thinking no one's just generating money out of nowhere so all those POs defy staking program take a look at it where is the income comes in and distributing it so all users in this time we will walk into the crypto but without you we cannot do it I want more participation and more caring not just looking at as a gambling so here is the very very important thing I want to finish with we are people driven company

Centurion we care more about you than us it's not a lie because we lose tons of money every day if you go to our booth and you will see 45 to each one of you if you sign up why we do that because without you we cannot go on we are Market driven company we are not exchange driven company even though we are Exchange with us with you I wish we can see the better one where we came from before where we came from is really important but where we're heading is more important in 2023 I wish we can head together to the better place if you ask me where we're going we're going to where you want to

go thank you [Applause]