8 Predictions from Kyle Davies, Co-Founder of Three Arrows Capital (3AC): Genesis and Grayscale to Face Collective Lawsuits

After declaring bankruptcy, 3AC co-founder Kyle Davies has disappeared and his whereabouts remain unknown. However, his active presence can still be seen on Twitter. Yesterday, Kyle Davies also made predictions about the development of the cryptocurrency industry next year. What did he say?

Kyle Davies' 2023 Predictions

1. SBF will confess, about 100 people will be prosecuted. However, SBF will not serve time in prison in 2023.

2. Genesis and Grayscale will face collective lawsuits, and the SEC will file criminal charges against improper conduct between DCG and its subsidiaries.

3. Convertible bonds will lower the yield of crypto companies, and other lending platforms will quietly die out.

4. Binance will continue to gain market share.

5. Tether's USDT will continue to maintain its peg to the US dollar.

6. Before a complete retracement, a dead cat bounce with 100% rebound in the second quarter of next year will catch the attention of anonymous and specifically hyped KOLs on Crypto Twitter. The starting point of the rebound will be much lower than the current price.

7. Constructive regulations in Singapore and Dubai will make them remain global hubs for the crypto industry.

8. BTC and ETH will continue to thrive, crypto is not dead.