Bitfinex Weekly Briefing (1226-0101)

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Looking Ahead: What Can Bitfinex Expect in 2023?

As anyone who has been in the cryptocurrency market long enough knows, the market is unpredictable. Given the current macroeconomic outlook, Bitcoin and cryptocurrencies as asset risks are likely to experience some volatility in the year ahead, as conditions in traditional markets deteriorate and Western economies struggle to contain inflation and avoid recession.

It remains to be seen whether the Fed will continue its policy of raising interest rates to fight inflation. The Bitcoin halving won’t happen until its predicted date of May 2024, so we may still have some unpleasant times in 2023. At Bitfinex, we are no strangers to the cyclical nature of the Bitcoin and cryptoasset markets, deeply influenced by Bitcoin’s four-year market cycle of halving. As crypto veterans, we prefer to focus on signal rather than noise and continue to contribute during bear markets. In this regard, we have several exciting projects planned for 2023.

First, we are finalizing Keet's documentation and plan to make its code fully open source. We are excited to see more interesting applications that the community will build with the tools we designed. Also, be sure to stay tuned to Keet Mobile, an app available for Android and iOS.

Synonym also launched Bitkit, a wallet utilizing Hypercore, Slash tags and public/private encryption key pairs, which is expected to offer a wide range of powerful new features such as accounts, decentralized social media, data feeds, app widgets parts and the highly anticipated Pear Credit. The P2P revolution is already in full swing.

In 2023, Bitfinex Securities is also expected to become the technology platform behind the El Salvador government’s much-publicized volcano token and open an office in Kazakhstan.

https://blog.bitfinex.com/events/bitfinexs-2022-year-in-review-part-3/