Predictions After a “Breakthrough” 2021

In many ways, 2021 has been a breakthrough. There is tremendous focus and attention being paid to the crypto industry. Crypto became a hot topic not only among investors but among those doge-shiba kids too. While exact predictions for 2022 are impossible, there are certain things to pay attention to:

Broader Institutional Cryptocurrency Adoption

Mainstream companies across industries have taken interest — and in some cases themselves invested in — cryptocurrency and blockchain in 2021. Fintech companies like PayPal and Square are also betting on crypto by allowing users to buy on their platforms. Tesla continues to go back and forth on its acceptance of Bitcoin payments, though the company holds billions in crypto assets. Experts predict more and more of this buy-in.

Further institutional adoption could bring about more use-cases for everyday users, and in turn, have an impact on crypto prices. Nothing is guaranteed, but if you buy cryptocurrency as a long-term store of value, the more “real world” uses it has, the more likely demand and value will increase.

First spot bitcoin ETF

A big development crypto investors are on the lookout for in 2022 is approval of the first spot bitcoin exchange-traded fund in the United States.

Increasing pressure/evidence… points to a Bitcoin Spot ETF being approved in 2022 mainly because the market is now large and mature enough to support one.

Grayscale Investments has filed to convert its bitcoin trust, which is the world’s biggest bitcoin fund, into a spot ETF. And there are plenty of other bitcoin ETF applications waiting in the wings.

Rotation into ‘DeFi’

As retail investors begin to realize the dangers of trading bitcoin, especially on unregulated venues, they will switch to … other coins belonging to blockchains which actually serve an essential and fundamental role in decentralized finance. DeFi and DAOs are likely to be the highest growth areas of crypto.

Total money deposited into DeFi services surpassed $200 billion for the first time this year, and experts project demand to grow further in 2022. To get all the latest information regarding DeFi and get the most profit out of it, feel free to follow this up-to-date Crypto / DeFi discord channel.

You can continue to keep your investments out of crypto, but if you wake one morning to find that crypto gave new momentum for the traditional financial sector development, would you be OK with that?