Will 2025 be worse than 2022 for crypto? Nic Carter and Kevin McCordic offer contrasting perspectives
On November 14, Kevin McCordic of Monad and investor Nic Carter Contradiction is offered in the readings on the 2025 slump of Crypto, which divides whether it is regular integration or a light catalyst mill.
McCordic, Director of Growth at the Monad Foundation who “interned” at x, Argued That today’s jitters are modest compared to 2022, when credit lenders fail, exchanges implode and cascading hit tokens. He dismissed the drawdown as an uncomfortable but common post-crisis consolidation and said that crypto is embedded in global finance and “things will be ok.”
Carter, a general partner at Castle Island Ventures and cofounder of Coin Metrics, against 2025 felt “worse” because crypto was no longer “the star of the show.” In his view, prices are flying without clear catalysts as buyers thin and shift attention elsewhere. He added that the four-year playbook and “alt season” notions appear obsolete and that gains now depend on shipping products that deliver real user value.
The two readings indicate different approaches. If it’s a typical consolidation, patience and positioning for a cycle rebound makes sense. If the weakness reflects lost focus and thin catalysts, the return will likely depend on product adoption and revenue before capital is mobilized.
Bitcoin traded around $95,234 at 9 pm UTC on November 15, up 0.9% over the past 24 hours. Year to date, BTC is up 1.93% compared to gains of 14.75% for the S&P 500 and 18.77% for the NASDAQ composite.
