Episode 129 of Season 4 of The Scoop was recorded remotely with The Block's Frank Chaparro and Larry Cermak
For The Scoop’s final episode of 2022, Larry Cermak, vice president of Research at The Block, joins host Frank Chaparro to unpack highlights from The Block Research’s 2023 Digital Assets Outlook Report and to break down some of the major events that shaped the crypto market in 2022.
The Block Research’s 2023 Digital Assets Outlook Report offers a deep look into the state of the crypto markets today and analysis on trends that could emerge in the year ahead.
Generally speaking, Cermak says institutional investors are becoming more comfortable with crypto’s extreme volatility:
“The institutional investors understand now that just because we have dropped by 80%, and just because a lot of funds and a lot of companies have gotten destroyed, that doesn't mean that crypto will not come back. They understand the volatility, understand the cycles, and a lot of them want to be in a better position before the next movement.”
Although bear markets are characterized by a lack of exuberance among market participants, “these are really the periods when a lot of new projects are born,” Cermak says. “A lot of new narratives for the industry are going to be born.”
During this episode, Chaparro and Cermak also discuss:
- Which crypto companies performed well throughout 2022;
- The future of NFTs and web3 gaming;
- Why DeFi is here to stay.
Disclaimer: Beginning in 2021, Michael McCaffrey, the former CEO and majority owner of The Block, took a series of loans from former FTX and Alameda founder Sam Bankman-Fried. McCaffrey resigned from the company in December 2022 after failing to disclose those transactions.
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