The Top 10 Predictions for 2023

  1. Meta is micro – a real MegaFUP. Introducing the term MegaFUP, for Mega Failure to Understand Potential. The Metaverse, just like IBM’s Watson, is a firing offense, if your CEO is fireable. Fortunately, after 25 quarters of diminishing revenues, Ginny was; unfortunately for Facebook, after billions of dollars down the rabbit hole, Zuck is not. Perhaps they’ll promote him out?
  1. Sports betting catches fire. Forget Vegas. As TV NFL and MLB viewers know, it’s time to bet on the pitch, the speed, the catch, the throw to home, the score, perhaps even the effect of the wind on a foul ball. Or, just bet on the bets. The sudden confluence of femtocell broadband and 5G, AI (think AWS ads), and years of lobbying state and federal governments has led us to this. Fasten your seatbelt, and make sure your wallet in is your back pocket before you do.At $50B + for the next six months, the US alone could easily see $100B or more spent on sports betting.
  1. E-currencies vs. e-payments – conflation leads to global risk. While it is easy to confuse these platforms, China uses the second to further the first, while the rest of the world is on autopilot as Beijing takes over the payment systems of emerging nations, using them to force the use of the digital renminbi (“e-Rmb”). Western governments will be too slow in understanding and reacting to this threat to the dollar, the SWIFT system, and privacy. China will succeed in using confusion to make major international inroads against the current global currency system of regulations and controls.

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