I listened to an industry investor share some of his views on the crypto market next year, which was quite interesting.

Regarding Bitcoin, it is expected to break through $150,000 by the end of the year, but its dominant position may weaken. In contrast, Ethereum and Solana might surprise everyone and perform beyond expectations. As for emerging public chains like Tempo, Arc, and RobinhoodChain, they should be prepared to break expectations. Top developers still prefer neutral infrastructure solutions, and this trend is unlikely to change.

One phenomenon worth noting is that large tech companies are starting to focus on crypto wallets, possibly launching their own products or acquiring existing ones directly. From another perspective, the Perp DEX sector will accelerate its centralization, with the top three platforms potentially capturing 90% of the market share.

In terms of capital flow, equity investments in DeFi are growing rapidly, accounting for over 20%. The supply of stablecoins is expected to increase by about 60%, with USD stablecoins remaining the main force, making up over 99%. Although USDT is still the leader, its advantage is shrinking, and its market share may drop to around 55%.

On the policy front, an important signal is that the 《Clarity》 bill is expected to become law.

The prediction market is expected to see explosive growth, but frankly, 90% of products may ultimately go unnoticed. AI applications in the crypto space are still limited, mainly focused on software engineering and security, with other use cases still in experimental stages and far from real implementation.