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2022 was a year of tightening monetary policy which initiated the unwinding of unrealistic valuations in the crypto world after a period of exuberance. Like in most bear markets, this then led to the unravelling of crypto malinvestment and the exposure of bad actors. These events have distracted investors from the key reasons why digital assets were created: to mitigate monetary debasement, decentralise computation and to protect from censorship. 2023 will be a year of coming back down to earth, with many tokens likely being
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