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  • Writer's pictureTeam Sygnum

Crypto market outlook 2023

Sygnum has published its crypto market outlook 2023 report, the latest report from our Sygnum investment research. This report analyses 2022 developments and provides insights for key sectors and trends for the year ahead.

In 2022, everything pointed in a positive direction, yet the year unfolded very differently. However, the investment losses and the scandals last year did not change the opportunity that trustless systems represent.

In this in-depth three part report: 

  • Part I: Crypto market developments in 2022 – including what has not changed, where do prices go now, and the key themes we are tracking

  • Part II: Outlook for key market segments in 2023– including key protocols, DeFi, Web3 and metaverse applications as well as NFTs and asset tokens

  • Part III: Crypto venture capital in focus – how VCs are now in the prime-zone with plenty of dry powder with a mandate for more governance

Report author Katalin Tischhauser, Sygnum's Head of Investment Research, says, "Trustless technologies are a valuable innovation that can deliver significant efficiencies across the economy and provide better protection against malpractice through decentralisation and transparency than regulation ever can. This was demonstrated in 2022, when operations on decentralised finance platforms continued to run smoothly, and the crypto markets faced centralised finance collapses."

This 28-page report is available to professional and private qualified Swiss investors. Please find further insights and news from our team here.


This document is purely for educational purposes and has been issued by Sygnum Bank AG. It is not intended for distribution, publication, or use in any jurisdiction where such distribution, publication, or use would be unlawful, nor is it aimed at any person or entity to whom it would be unlawful to address such a marketing communication. It does not constitute an offer or a recommendation to subscribe, purchase, sell or hold any security or financial instrument. It contains the opinions of Sygnum Bank AG, as at the date of issue. These opinions and the information contained herein do not take into account an individual's specific circumstances, objectives, or needs. No representation is made that any investment or strategy is suitable or appropriate to individual circumstances or that any investment or strategy constitutes personalized investment advice to any investor. Therefore, you must verify the above and all other information provided in the document or otherwise review it with your external advisors. Some investment products and services, including custody, may be subject to legal restrictions or may not be available worldwide on an unrestricted basis. The information and analysis contained herein are based on sources considered as reliable. Sygnum Bank AG uses its best efforts to ensure the timeliness, accuracy, and comprehensiveness of the information contained in this document. Nevertheless, all information indicated herein may change without notice.

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