Will 2025 be worse than 2022 for cryptocurrency? Nick Carter and McCordick offer opposing views

On November 14, 2025, a debate about the future of the market erupted in the cryptocurrency community when Kevin McCordick of Monad and investor Nick Carter expressed opposing opinions on what awaits cryptocurrency in 2025. Their discussion touches on important aspects of the current market state and possible development scenarios.

1. Kevin McCordick's Opinion

Kevin McCordick, Director of Development at the Monad Foundation, known on social media as "intern," believes that the current fluctuations in the cryptocurrency market are minor compared to what occurred in 2022. During that period, credit institutions suffered losses, exchanges closed, and tokens were subject to cascading liquidations. McCordick calls the current downturn unpleasant, but typical of post-crisis consolidation.

He emphasizes that cryptocurrency has become an integral part of the global financial system and expresses confidence that "everything will be fine." In his opinion, the market is going through a natural stabilization process, and investors should be patient while waiting for a recovery.

2. Nick Carter's Opinion

In contrast to McCordick, Nick Carter, General Partner at Castle Island Ventures and co-founder of Coin Metrics, expresses a more pessimistic view of the future of cryptocurrencies. He argues that 2025 could be the "worst year" because cryptocurrency is no longer the "star of the show." He believes that cryptocurrency prices are fluctuating without clear catalysts, and buyer interest is declining.

Carter also notes that traditional four-year cycles and the concept of an "alternative season" appear outdated. He believes that future profits will depend on the development and implementation of products that provide real value to users, rather than speculative trends.

3. Different Approaches to Market Analysis

These two opinions highlight different approaches to analyzing the current situation in the cryptocurrency market. If McCordick is correct and we are seeing a typical consolidation, then investors should take a wait-and-see approach and patiently await a cyclical recovery. In this case, the market could return to growth when new catalysts emerge.

On the other hand, if Carter is correct and the current weakness reflects waning interest and a lack of catalysts, then investment returns will likely depend on the introduction of new products and actual revenue. In this case, investors should proceed with caution and monitor developments closely.

4. Current Market Situation

At the time of writing, November 15, 2023, Bitcoin was trading at approximately $95,234, up 0.9% over the past 24 hours. Year-to-date, BTC has gained 1.93%, significantly underperforming the S&P 500 (14.75%) and the Nasdaq Composite (18.77%). These data highlight the current volatility and uncertainty in the cryptocurrency market.

In Conclusion

The question of whether 2025 will be worse than 2022 for cryptocurrencies remains open. Experts such as Nick Carter and Kevin McCordick suggest that the market is at a crossroads, and its future depends on a variety of factors. Investors should closely monitor developments and make informed decisions based on an analysis of the current situation and possible scenarios.