Digital properties will largely decouple from conventional equity markets in 2023, thinks Arca chief investment officer Jeff Dorman.

Discussing his outlook for 2023 in a current interview with Pandoraland, Dorman argued that as the international economy enters an economic downturn this year, equities will be adversely impacted while some cryptocurrencies will perform well. The value of the latter, he described, is identified not just by macroeconomic factors but likewise by their energy within their respective ecosystems, which would stay unchanged in a recession.

“You’re visiting a lot of stocks get penalized under the weight of restructurings and under the weight of lower profits and lower cash flows,” said Dorman. “And you’re in fact going to see a lot of tokens do actually well.”

However, crypto’s decoupling procedure from equities might not involve Bitcoin (BTC), which Dorman thinks will stay extremely associated to the stock exchange given its high level of sensitivity to macro aspects such as international liquidity and interest rates.

“Bitcoin has just end up being a 24/7 VIX. It’s just a trading lorry now for big funds who wish to get in and out of risk on weekends and over night trading hours,” Dorman specified.

To learn more about Dorman’s crypto forecasts for 2023, check out the full interview on Pandoraland’s YouTube channel, and don’t forget to subscribe!