Bitget & ODAILY联合AMA实录：回首2023，展望2024
Bitget and ODAILY conducted an online topic interview on TwitterSpace with the theme of Looking Back in 2023, Looking forward to 2024. This interview is hosted by Mandy, and we are fortunate to invite professional guests in the industry such as Gracy, Chris Lee, Jack Kong, Phyrex, Chen Jian, Xie Jiayin, and special guest Chong Ge to discuss and share topics.
Q1: What are the three most important things in 2023, and how will they affect the industry?
Gracy：The first thing was the thunderstorm in Silicon Valley Bank in March this year, and investors realized the fragility and limitations of traditional finance; the second thing was that more institutional investors applied for Bitcoin ETFs, including BlackRock, which made us realize In the future, more professional players will pour into the encryption industry; the third thing is that the Bitcoin ecosystem will explode in the fourth quarter. BRC-20 related tokens took the lead in leading a wave of market trends, and other public chains quickly followed up, triggering a wave of market trends. A wave of hot spots, what can be seen is that the future development of the Bitcoin ecosystem is far more than this, and the future is promising.
Chris Lee：In addition to these three things, I personally feel that Solana has been very outstanding this year and it represents to some extent the importance of institutional participation.
Xie Jiayin: The first thing is supervision. In the first half of 2023, Hong Kong embraced Web3, and then many things happened in supervision, such as the SEC’s prosecution and Binance’s fine, etc., which represented the upgrade and change of supervision; the second thing is narrative. The rise of Bitcoin, including LSD, RWA and public chain competition has entered a fever pitch; the third thing is the mushrooming of our Bitcoin ecosystem, such as ORDI, Inscription, etc.
Phyrex：The first one in 2023: The relationship between the overall market and the US macro market is getting closer and closer. The impact of the Federal Reserve’s market conditions on the Crypto market has been very obvious many times, such as the Bitcoin spot ETF
Second: Policies and regulations are also gradually embracing the U.S. market and stablecoins. Until March 2023, holders of the main stablecoins are very optimistic about the market; there have also been certain changes in regulatory measures. It is no longer a simple attack, but gradually looking for ways to coexist.
Regarding the third stablecoin, buyers in the entire market are still very optimistic about stablecoins despite the market downturn. In August, the market value of stablecoins showed a relatively good turnaround and increased; this increase in market value means that external funds are increasing. With continued entry, the market will perform very well in the next 2024, and its impact on Crypto will be greater and greater in the future.
Jack hole:Layer 2 ushered in relatively good development in the first half of the year, followed by the inscription track. I personally feel that Depin will also achieve good development in 2023.
Q2: What will be achieved in 2023?
Gracy：Bitget achieved good results in 2023, with spot trading volume increasing by 94% despite the market downturn. In addition, we launched 355 new currencies, a year-on-year increase of 46%. Strictly screen new currencies, hoping to create more wealth effects for users;
We have also made some progress in team building, increasing from 1,100 to 1,500, and the number of users has also increased from 8 million to 20 million. Based on the principle of customer first, we have taken a number of measures to improve the quality of customer service, and we also hope that more outstanding partners can join us.
Chen Jian: I personally have made some gains in Solona and GameFi this year, and I also hold some ORDI and SATS in the secondary market.
Chris Lee：The biggest gain for me this year is the cognitive aspect. Regarding the miss of BRC-20, I personally think there are three very important points. First, the community is still very important in the encryption industry. Second, the recovery of Solona allowed me to see the impact of Wall Street and institutions on the crypto market; third, as a Investors must pay attention to the impact of institutions on the industry.
Xie Jiayin:My first gain is also from the community. This year I have gotten closer to the community, participated in the construction of many communities, and listened to users’ suggestions. Secondly, I have achieved good career development and made cognitive progress. Toward a higher level.
Phyrex：Like the three of you, my biggest gain is knowledge. Although macro factors do have a relatively large impact on the market, there are more factors that will also affect various fields of encryption, which is often overlooked; in addition, the popularity of ETFs this year has continuously brought to the market With the huge amount of funds coming, such big events often have not only immediate impact, but also long-term impact. I personally have also made adjustments in my investment direction and increased my investment in stable coins.
Jack hole:Mingwen has experienced explosive growth this year. Because its solution to asset security is better than smart contracts, it has gained a lot from the hot spot of Mingwen this year.
Q3: Bitget’s plan for 2024
Gracy：In 2024, we will actively embrace compliance, focus on emerging markets, vigorously develop the Web3 ecosystem, and achieve exponential growth through diversified strategies. We will also focus more on optimizing the product experience and making the product more smooth and user-friendly. The continuous improvement of these details is crucial to us.
Xie Jiayin:Bitget also has many key promotion directions in the Chinese market this year.
1. Continuing the rhythm of 2023, focusing on product effects, polishing and iterating our products, and continuing to carefully select our first coins. This year our first coins have achieved good performance, and next year we will also add more high-quality assets Brought to Bigtet users;
2. Focus on developing our brand cohesion in the Chinese-speaking region and make Bitget one of the most trusted cryptocurrency trading brands by users.
3. As Gracy just mentioned, we will be more proactive in embracing Web3 and work with outstanding project parties to promote the development of this field.
Q4: As the market gets better, various concept sectors are also rotating. Which narratives have more long-term value?
jack hole:Inscription is still a track that I am personally very optimistic about. It is not a short-term hype, but a long-term narrative. This area will still make achievements in 2024. In addition, the development prospects of Layer 2 are closely related to ETH. This year L2 There will also be many opportunities; the last one is the Depin I just mentioned. In fact, this track is very likely to have a big explosion in the middle and late stages of the bull market. Although at present, it still has a lot of gaps with Inscription in terms of size. , but there is still a lot of room for development.
Gracy：First, the inscription sector of Brc 20 is one of the most noteworthy areas in 2024. The BTC spot ETF and the halving event have laid a good foundation for the Bitcoin ecosystem. Secondly, the ETH ecosystem will still have many opportunities in 2024 with the arrival of the Cancun upgrade, and the expansion of Ethereum will be supported by more mature infrastructure. Finally, the combination of AI and blockchain has long-term potential and deserves continued attention. Moreover, this track is not significantly affected by the web3 market. With the development of technology, there will be a lot of room for imagination.
Phyrex：If the ETF is passed, more funds will enter the BTC ecosystem. The better the development of the BTC ecosystem, people will actually have higher and higher market expectations for the ETF after it is passed, which will attract more capital inflows, so this year Both ETH and Layer 2 ecology are likely to have great development in the first half of the year; if the ETF is passed, it will usher in a golden growth cycle for ETH. In the second half of the year, there will be speculation about the BTC halving event, which will bring a wave of rise, so you can focus on it.
Chris Lee：I am more optimistic about the development of Solona and the public chain, because after the adoption of ETF, large investment institutions will have an important impact on the market, and the public chain is likely to usher in greater development in 2024.
Chen Jian: Everyone must protect their capital in the industry. The most important ones in the next few tracks are still some public chains. Secondly, the game track also has great opportunities. The game is a track that will last for a long time after Inscription. There will be large amounts of money entering the market in the early stage, and there will be a huge demand for growth. AI also has many opportunities, but for now, there are still many bubbles in this field. As for RWA, it may be affected by certain policy factors, but you can still pay attention to it.
Q5: Outlook for 2024
Phyrex：For 2024, if the ETF passes, then Bitcoin and Ethereum have a high probability of breaking through the previous highs.
Gracy：I think entering the bull market in 2024 is a high probability event. In addition, it can be predicted that the exchange rates of Ethereum and Bitcoin will increase, and the increase of ETH will be higher than that of BTC.
Chris Lee：2024 will still be a turbulent state, and there will still be great fluctuations; I think when investing, you need to achieve: peace of mind, peace of mind, and peace of home; you need to have a calm mind and find a balance between investment and life.
Chen Jian:I hope everyone is in good health and making a lot of money!
Xie Jiayin:
In fact, I can understand the outlook for 2024 as several points that everyone needs to pay attention to: one is the Bitcoin ETF, which is definitely the top priority; the second is the Bitcoin halving, and the third is the Cancun upgrade of ETH. We also need to pay attention to the potential interest rate cuts by the Federal Reserve.
Generally speaking, 2024 is a year of upward market trends. Competition in public chains will become even more intense. It will be a year of survival of the fittest. Everyone can seize the opportunity.
Special guest Chong Ge:Bitget is currently a very good exchange. Jiayin and I also started laying out the inscription track as early as May. This can also be said to be the only bright spot in 2023; and it is not appropriate to be blindly optimistic in 2024. Before the bull market The market will be very volatile, so everyone must hold the chips in their hands; the Inscription Circuit will also become the leading track in 2024, and the focus can be on some leading tracks, and everyone can ambush in advance.
