🔮 The Texas Blockchain Council leader said funding for crypto projects has dried up significantly, and he expects that to continue into 2023. 2023 2023biz 2023forecast 2023DMNforecast
, said she thinks the worst is still to come for the industry.
The valuations of the largest cryptocurrencies don’t make sense for an asset “whose real economic use is yet to be established,” wrote Oxford Economics senior economist Tamara Basic Vasiljev in a recent report.
Wes Cummins, CEO of Applied Digital in Dallas, pointed out that it’s been a rough year for tech companies overall. Facebook’s stock is down 66% this year, while Amazon’s fell 50% and Google’s slid about 40%.
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