• Bitcoinist launched a Crypto Holiday Special to provide perspective on the crypto industry.
• We spoke with institutions about their perception of the year 2022 and their outlook for the future.
• Material Indicators, a market data and analytics firm, gauges market sentiment and liquidity to provide a clear view of the conditions and possible direction of the industry.
The holidays are here, and for the crypto industry, it has been a year of highs and lows. As 2021 comes to an end, Bitcoinist has decided to launch the Crypto Holiday Special to provide some perspective on the crypto industry. We will talk with various guests to understand this year’s successes and failures in the crypto space.
To honor Charles Dickens’ classic “A Christmas Carol”, we will look at the crypto world from different angles and explore its likely trajectory for 2023, while finding common ground amongst the different views of an industry that may support the future of finances.
To kick off our experts discussion, we spoke with Material Indicators, a market data and analytics firm dedicated to building trading tools for the nascent sector. Material Indicators analyzes the market sentiment and liquidity to gain insight into the conditions and possible direction of the industry.
When asked about the most significant difference for the crypto market today compared to Christmas 2021, beyond the price of Bitcoin, Ethereum, and others, Material Indicators stated that, “While we have yet to see tradfi (Traditional Finances) price in earnings contraction (~Q1’23) for the last leg down, we are already close to bottoming sentiment-wise.”
The team of analysts at Material Indicators believes that the crypto space is slowly bottoming out and though there has not been a full recovery yet, they are confident that the worst is behind us.
The crypto industry has had a tumultuous year and while there are still challenges facing the sector, the future of crypto looks bright. We will be talking with more experts to gain more insight into the crypto industry and to get their opinions on the coming year.
With the launch of the Crypto Holiday Special, Bitcoinist hopes to provide a comprehensive view of the crypto industry as we close out 2021 and look ahead to an exciting and prosperous 2023.