Three Expert Predictions for Cryptocurrency: Although cryptocurrency has been around for a few years, 2021 was the year that saw a big boost in the market. It is almost as if the year was a breakthrough for this market.
With all-time high prices for Bitcoin and Ethereum, the cryptocurrency market seems to gain quick momentum in the coming year too. With major personalities showing interest in the cryptocurrency market to a common man, all want a piece of it.
But what does 2022 hold for the cryptocurrency market? What should investors look forward to? Let’s read a few future predictions made by experts for the cryptocurrency market.
- Regulation of Cryptocurrency
Although cryptocurrency has the attention of all types of investors around the world, there is a major struggle to regulate the market. And the talks to create a global regulatory format for the market will continue in 2022.
Several countries have already created self-regulatory committees to keep an eye on the market and its developments. Whereas some are still finding their way. If you want to read more on the self-regulation policy for cryptocurrency, make sure to check out our previous blog on the same.
Recently China has made cryptocurrency illegal thus prohibiting any transaction in the market. However, the US government shows massive interest in legalizing the market, its fundamentals, and transactions. However, there is still a long road to go.
Regulation of cryptocurrency will still be a hot topic in 2022!
- Approval for Crypto ETF
Ah, ETFs! They have a been the big term last year and will continue to be a topic of interest in 2022. The very first crypto ETF to get approval was BITO ETF. This made ETFs accessible in your regular trading market for investors to invest in.
However, BITO ETF might not be what a lot of crypto investors wanted. This ETF doesn’t hold bitcoin directly, instead, it holds bitcoin futures contracts. Hence, in 2022, investors will have to wait for ETFs that hold crypto directly. The only benefit of Crypto ETFs is that investors can access it through their regular investment brokerage firms, and they don’t need to tackle complex crypto exchanges.
- Increased Adoption of Cryptocurrency
Although major companies were skeptical to adopt cryptocurrency, the trends have changed massively in 2021. In the year 2022, we can see major companies adopting cryptocurrency for transactions or investments.
For example, AMC has said that it will expect cryptocurrency payments by the end of 2022. Giant companies like Amazon have also shown interest and are planning to adopt cryptocurrency as a form of payment for goods and services.
This will certainly impact the status of cryptocurrency as an official mode of payment for goods and services.
The year 2021 was the beginning when more people accepted the cryptocurrency market and invested in it. And 2022 will be no different either! There will be more investment and wider acceptance of cryptocurrency around the world. If you still haven’t invested or bought cryptocurrencies, now is your time to do so!
And to get more insights on the same, keep reading our blogs at Coin Informer.