Ethereum co-founder Vitalik Buterin recently brought attention to three “huge” chances for cryptocurrency in 2023. He discussed the possibilities during an interview with Bankless co-owner David Hoffman, citing mass wallet adoption, inflation-resistant stablecoins, and decentralized logins to websites as potential breakthroughs.
Buterin started by suggesting that wallet infrastructure development is key to making crypto more accessible to billions of people. “If you can make a wallet that a billion people will use, it’s a great opportunity,” he said.
The Ethereum co-founder then moved on to the issue of creating a stablecoin that can survive in any kind of economy. “If you can make a stablecoin that can really survive anything, even a US dollar hyperinflation […] that is also a great opportunity if you can create something that feels like a lifeline to everyone who goes through that situation.”
Lastly, Buterin suggested taking away the login power of central monopolies like Facebook, Google, and Twitter, and giving it to Ethereum. “If you can log in with Ethereum to work, and if you can unseat Facebook, Google, and Twitter as the login overlords of the internet, that in itself is a huge opportunity, right?”
Buterin is optimistic about the potential of blockchain-based identity, DAOs, hybrid applications, and decentralized autonomous organizations, claiming that these are all exciting developments. He also encouraged traders to take a long term view of the industry and focus more on the technical side rather than the price.
Clearly, Vitalik Buterin believes that there is still plenty of space for growth in the cryptocurrency space, and his suggestions on how to take advantage of this are worth considering.