This group’s confidence was not shaken by the crypto-related occasions of the 2022 “pullback” of bitcoin (BTC), ether (ETH), and different cash, the crypto credit score disaster or the following contagion. Their reactions to those occasions ranged from sanguine (“the occasions of 2022 … don’t imply a lot to me or crypto”) to fatalistic (“it [crypto] will bomb a couple of extra occasions earlier than it turns into institutional earlier than we are able to belief actors know what they’re doing”) to gleeful (“I am all for the crash”), with a number of others seen the occasions as a “mandatory capitulation” that may lead to a greater, more healthy ecosystem. Extra typically, none thought 2022 spelled the loss of life of crypto. Quite the opposite, they typically agreed with an endowment chief funding officer (CIO) that “crypto and blockchain are right here to remain.” Nonetheless, all of them agree that for them to commit significant capital to crypto, the way forward for crypto should look a lot completely different from the previous.
