Experts predict the future of cryptocurrencies in 2022.
WinzenT is a part of the speach.
The events in the space are moving a mile a minute, and expect next year to keep up the pace as big business stakes out its turf, and easier points of entry let newcomers in.
El Salvador adopted the top cryptocurrencies as legal tender in 2021. Retail investors were diving in. China cracked down on mining. Wall Street is seeing dollar signs as a result of Facebook going all-in on the metaverse.
Digital currencies are on their way to becoming part of mainstream finance. The US approved the first futures exchange for the digital currency.
As the Pandemic played out, a flurry of developments generated a lot of excitement among investors. Insider asked industry experts to predict what the future might hold.
There are 13 predictions for thecryptocurrencies in the year 2022.
1. The move to proof of stake will cause the price of ether to rise much faster than the price of bitcoin.
2. Mike McGlone is an analyst at Bloomberg Intelligence.
3. A Fortune 500 company that has gone remote-first will declare their official headquarters to be on one of the competing metaverses.
4. The metaverse will be the new interface for interacting with the web.
5. The battle will be between the metaverse and the ones launched by gaming and corporate entities.
6. At some point in the future, the market cap of thecryptocurrencies will reach over $7.5 trillion, according to the CEO of Fast Future.
7. Next year will see the world's first billion-dollar hack as Defi activity continues to increase.
8. 25 countries will be using a central bank digital currency by the end of the year. Either their own or one issued by another country.
9. During NFT minting events, investors will use bots to make purchases, which could potentially shut out less sophisticated users.
10. Most people will operate day-to-day jobs in the metaverse.
11. Chris Stephens is the head of fraud and security at Callsign.
12. Initial game offerings will be popular. Expect the larger organizations to make plays at some point in the future.
13. Adoption will be slower if countries take a hostile stance.
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Business Insider has an original article.
