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- Crypto market would surge in 2022 due to FOMO
- The next year will be the wealth of skilled experts coming to work in the cryptocurrency sector and regulatory clarity
- The world is going to witness more talent shifting from other more traditional industries
Crypto market has witnessed mainstream adoption and garnered considerable attention with its soaring prices. Several leading cryptocurrencies saw tremendous growth and incredible surges in their value. Besides the leading coins, several altcoins have also made their investors billionaires. However, as the year nears its end, investors began to concern whether the next year would be the same as this one. According to experts following the scenario and the growth of the cryptocurrency ecosystem, fear of missing out (FOMO) would bring more adoption for these assets.
New talent and regulatory clarity would bring FOMO
In a recent interview with Yahoo Finance, Flori Marquez, the co-founder of crypto custodian firm BlockFi, has shared some insights regarding crypto ecosystem growth. According to Marquez, 2022 would witness further upward price actions. He further explained that new talent and regulatory clarity would combine and create a bubbling FOMO that will ultimately bring upward price actions.
Besides, she also underscored that the industry has become more digestible for the average consumer than it was back in 2016. Marquez also sees that other significant drivers for growth in the next year will be the wealth of skilled experts coming to work in the cryptocurrency sector and regulatory clarity.
People are more willing to gift crypto assets
According to the stats highlighted by Marquez, she set a bullish foundation for growth in 2022. And also stated that one in 10 people in America is looking to give crypto this year. Indeed, about two-thirds of Americans prefer to talk about cryptocurrency. If we looked into the scene about five years ago, only 1% of the individuals had ever traded such assets. Moreover, at the time, 50% of the individuals in the region had never heard about the existence of such assets.
Hence, it seems like the internal metrics of the firm also indicate a burgeoning adoption. Notably, in the first year of the firm’s reward card’s operations, about 75k individuals signed up. Following the figure, the BlockFi co-founder noted that the figure is absolutely massive as several other such firms look to see just about 10k credit cards in their first year.
Furthermore, the majority of the clients who received digital assets as rewards planned to hold rather than cash out.
Festive time for new cryptocurrency regulations
The discoveries by BlockFi show that we expect a bullish market in the next year as well. According to the reports, the craze for digital assets is more trending among younger generations. A recent CNBC study report shows that 83% of Millennials millionaires have adopted virtual currencies.
On the other hand, Marquez believes that it is the festive timing of new regulations and new talent entering the ecosystem. Cryptocurrencies and Financial Technology have been huge attractors to people who are looking to learn something new and expand their careers. The world is going to witness more talent shifting from other more traditional industries into crypto and the FinTech industry.
