Cryptocurrency Wind Direction Decommissioning 2022, From Bitcoin to NF.

In 2021, there were many shocking events in the cryptocurrency space. Which projects will remain interesting in 2022 and who will face challenges?

In the world of blockchain and cryptocurrencies, 2021 could be a historic year as there have been too many major events. Looking back, people are thinking, "Is this really what happened in 2021?" I feel like the constant changes seem to be speeding things up, but this "tradition" will likely continue into the new year.

Bitcoin Rising 70%, Will It Collapse Next Year?

After experiencing ups and downs in 2021, the annual value of Bitcoin's currency has generally increased by 70%. Remember, this is a major asset with a market value of over US$1 trillion. Led by the king of virtual currency, it will add a lot to the 2021 history record.

The First Cryptocurrency Exchange To Be Publicly Listed In The United States: Coinbase Goldman Sachs opens the first Bitcoin trading platform for customers to use

The First US Listed Bitcoin Futures ETF (BITO)

In addition to these bullish hotspots, there are of course also the retreating air forces.

China bans cryptocurrencies and the mining industry

Mt.Gox offsets 140,000 bitcoins

Tesla opened Bitcoin to buy cars and canceled due to excessive energy consumption

Although Bitcoin is supported by countries like El Salvador and Venezuela, it is also blocked in China and Russia. US officials and conservative lawmakers hate this novelty. As the value of the currency hit a new high this year and other cryptocurrencies linked to the industry's explosive growth, Bitcoin will face strong legal challenges in 2022.

“History repeats itself and Bitcoin could drop to $10,000 next year.” Carol Alexander, a professor in the Department of Finance at the University of Sussex, pointed out that Bitcoin hit a record high of $69,000 in 2021 and that it marked its history in 2018 at the time. After peaking at $20,000, it plummeted to $3,000 over the next few months.

This situation is likely to repeat itself in 2022.

Those who are optimistic about Bitcoin believe that the situation is different compared to 2018 as many institutions have entered the market to make the overall market more stable. While volatility is still high, the tsunami-like collapse is unlikely to propagate.

"Bitcoin's trajectory is the same as that of many bubbles in history." Todd Lowenstethe, the chief asset strategy advisor for the well-known Bank of America, pointed out that many asset bubbles have mounted similar defenses. repeatedly. Taking into account the recent change in the attitude of the US Federal Reserve Bank, when liquidity is reduced, a large number of premium assets, including cryptocurrencies, will be affected.

That said, every year someone will come up and say that Bitcoin is on the verge of collapsing or even disappearing, but it has continued to grow to this day. 

The new year will test the balance between investor greed and fear.

The battlefield of decentralization and the web3

In the last month of 2021, Web 3.0 became the hottest battleground in the crypto industry. The war will not be a holiday and is expected to last until 2022.

Proponents led by a16z, a major crypto venture capitalist, believe that Web 3.0 will bring decentralized governance, give users greater autonomy, and even hope to achieve net neutrality by breaking away from tech giants such as Google, Amazon, and otheFacebookook. rule.

Former Twitter CEO Jack Dorsey and Tesla CEO Elon Musk believe that Web 3.0 is just a marketing term for venture capital and there is no difference for users.

In the short term, we can expect more start-ups to take up large amounts of venture capital and tech talent in the name of the Web3, but it may take longer to show whether this wave will lead to a new generation. At the same time, remember that tech giants are not vegetarians. It is now harder to fight against Google, Face, book, and Amazon than the traditional companies they fought against in the past.

Institutions Entering the Cryptocurrency Market Continue

While some people look forward to marking 2021 as the first year of cryptocurrency institutional entry, 2022 could be the real first year.

"We're not talking about how many bitcoin or ether companies they buy. This is going to be a generation of more virtual assets." Anchorage Digital President Diogo Monicaze.