After an eventful beginning of the year for the entire cryptocurrency sector, experts shared their predictions about what to expect next year. From the “battle of the metaverses” and a $1 billion hack to using bots to buy NFTs, the predictions are impressive, Zinetra says.
Big business is trying to stake out territory in the world of cryptocurrencies, blockchain is improving its technologies, and it is becoming easier for newcomers to enter this market. It is enough to recall the most significant events of this year to confidently expect no less eventful actions in 2022. This includes the official recognition of BTC by El Salvador as legal tender, the “entry into the game” of retail investors, China’s crackdown on cryptocurrency mining, and the announcement by Facebook (NASDAQ:FB) of a project to create a metaverse on which Wall Street began to bet. The first bitcoin futures ETF has been approved in the US, and cryptocurrency leaders have called on regulators to set clearer rules for the $3 trillion industry.
Here are 13 predictions:
- Ethereum growth will overtake bitcoin due to the transition to proof of stake.
- Bitcoin could gain an advantage over stocks.
- Crypto market capitalization will grow from a peak of $3 trillion in 2021 to over $7.5 trillion in 2022.
- One of the world’s largest Fortune 500 cryptocurrency companies by revenue decides to go on a remote development path and announce that its official headquarters will be located in one of the competing metaverses.
- The idea of the metaverse will continue and become a new interface for people to interact with the Internet and with each other.
- The fight between crypto-metaverses and metaverses launched by gaming and corporate companies such as Meta is just around the corner.
- The world’s first $1 billion hack will occur as decentralized finance (DeFi) activity surges.
- By the end of 2022, at least 25 countries will use a central bank digital currency, either their own or issued by another country, such as the Chinese digital yuan.
- Most people will do part of the day-to-day work in the metaverse.
- Banks will monitor cryptocurrencies for fraud trends.
- Initial gaming offers will become popular. It is to be expected that large organizations such as GameStop (NYSE:GME) and Epic.
- If some countries take a hostile stance towards cryptocurrencies, their implementation will be much slower.
- Investors will use bots to make NFT purchases, potentially discouraging less sophisticated users