6 Themes Important Themes for the Next Crypto Bull Run, According to Nansen’s CEO
Blockchain data analytics platform Nansen’s CEO Alex Svanevik just outlined six themes that he thinks will play a role in the next “cycle” in the crypto market via a Tweet thread.
Many analysts talk about macro themes such as potential easing of interest rates from the Fed and other major central banks, more certainty regarding crypto regulations, and increased institutional adoption as spot crypto ETFs gain approval as major drivers of the next bull run.
But the themes Svanevik outlined were more nuanced and crypto sector-specific. Examine them one by one.
Svanevik noted that major fintech firms are increasingly moving towards using blockchain as their main backend.
PayPal has already launched a stablecoin and Revolut is already letting its users stake ETH, he noted.
Fintech firms are attracted to blockchains because of their potential to offer complete transparency, enhanced security, censorship resistance, fast and cheap transactions that offer zero cross border frictions.
“Long-term, crypto replaces the backends for fintech,” Svanevik noted.
Gambling and betting “just makes a lot more sense with a DeFi backend,” Svanevik noted, explaining that “instead of house taking a spread”, protocols can “live off the yields on capital”.
Crypto casinos have been a huge success in 2023, with the likes of Rollbit seeing explosive user growth.
Meanwhile, a new Telegram-based crypto Casino called TG.Casino is currently enjoying a highly successful presale, having last raised over $725,000 to power its new platform.
Web3 can solve a number of problems that have plagued the traditional gambling industry by providing greater transparency, security and offering an avenue to gamble without having to give up custody of your funds.
Svanevik predicts
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