In a recent conversation, Hashdex co-founder Bruno Caratori predicted that the next year will be significant for cryptocurrencies, extending beyond just bitcoin. He believes that stablecoins have gained mainstream attention and that real-world asset offerings, including stablecoins, are on the rise. The total value of Real World Assets (RWA) on-chain is close to $14 billion, while stablecoin value has surpassed $200 billion.
Stablecoins are gaining popularity due to their simplicity, making them easily understandable for everyday people. Caratori foresees a future where stablecoins are used for everyday transactions in the US starting next year. He also pointed out the potential impact of Circle entering the public markets in 2025, which could be a major event in the crypto space. With more resources and credibility, companies like Circle may play a significant role in shaping the future of online commerce and the overall cryptocurrency ecosystem.
Caratori’s perspective challenges the traditional belief in the boom-bust cycle of cryptocurrencies, suggesting that real adoption by governments and major players could stabilize the market. He believes that the narrative of a predictable cycle, with periods of exuberance followed by significant drawdowns, may no longer hold true. Instead, he envisions a scenario where the first applications of cryptocurrencies become more tangible for the public, leading to a more stable market environment.
If Caratori’s predictions hold true, 2025 could mark a new era for cryptocurrencies where real-world adoption and government involvement play a key role in shaping the market. As stablecoins gain traction and new players like Circle enter the public markets, the landscape of cryptocurrencies could see significant changes. Ultimately, Caratori anticipates a shift towards more stable and sustainable growth in the crypto market, driven by real-world utility and mainstream adoption. The coming year may indeed be a turning point for cryptocurrencies, showcasing their potential beyond speculative investments.
