Track 1 - Keynote: The post ‘crypto winter’ market consolidation

Part of Crypto and Digital Assets Summit 2023

This event took place on Wednesday, May 10, 2023 at 3:10 PM UTC.

Since the crypto crash in spring of 2022, over $2 trillion has been wiped from market valuations. Cheaper crypto companies and bear market conditions have provided the optimal environment for M&A deals, with traders expecting a ‘long consolidation’ phase as bitcoin hovers around the $20k mark. Can we expect the uptick in dealmaking to continue? As smaller companies get bought out by those who raised capital prior to the downturn, should the industry be concerned about the market becoming dominated by a few key large players? How will this impact competition and consumers?