2022 has been an unpredictable year in many ways. A number of unfortunate events have taken place in the industry taking hits one by one, throwing projections made by industry experts during the beginning of the year on the back of Bitcoin that reached heights last November. Even though it is really difficult to predict the things that might happen here on. In this blog, we have listed some important predictions about what the rest of the year 2022 might look like for enthusiasts and crypto investors. Below, they are mentioned in a particular order.
Industry will stay volatile.
Volatility in the industry will continue to exist as the buzzword for the rest of 2022. This year began with an upbeat note for the complete industry but has seen multiple shock events such as a big war in Ukraine, high inflation in the US and many other countries, and increment in oil prices that spooked the equity and crypto markets with equality in measures. Worryingly, these issues are not showing any signs of going away soon. It means that the volatility will continue to stay in the crypto industry as well as in global markets throughout 2022. The winter spell will definitely be at ease but it is not a clear sign, thus, it is difficult to predict things that will start to get better.
Regulations are coming in Crypto
The Parliament Markets of Europe in Crypto Assets Law unveiled that it has become the first regulation around crypto assets with experts saying the law could be a great trendsetter globally. On a related note, the Finance Minister of India, Nirmala Sitharaman has also shown concern about cryptocurrencies that are being used for some harmful activities and are still called a global solution. Industry heads of the crypto space are hoping for an intervention from the government that will allow them to function freely. So, it is not a difficult task to predict that we will see some kind of regulation on crypto sooner.
Pop culture popularizes NFTs
Whether it’s movies, games, or music, the NFTs have made a big mark through all of them. In fact, the culture will connect with the industry of crypto through metaverse as well as NFTs. Whether it’s celebrities or cricketers, global brands or game characters, everyone will jump to the crypto bandwagon sooner. An NFTs slew is being readied for the deployment, including exciting ones from our team, that will have fans who will be drooling with excitement.
One More Plunge
It might not be coming to pass and will surely not hope for it. But the current event points to more big crashes in the global market before the revival begins. Thus, it is quite difficult to quantify the prediction, especially considering things that are in flux at a point, be it in the crypto regulation to recess worries amongst others. People who want to invest their money in cryptos are the ones who can suggest they do their diligence and invest small amounts until conditions improve to a visible degree.
Crypto is no longer an outlaw
One of the big promises of the crypto industry is it is an independent financial industry globally. It does not seem to happen anytime, as global events show. In fact, many investors feel jitters and withdraw investments from the industry that is still seen as risky with negative comes. While it does not have a bearing on the industry as it says that future investment in the crypto industry will need to take global matters into account.