What does 2022 hold in store for crypto? Prediction roundup

What does 2022 hold in store for crypto? Prediction roundup

LONDON: If 2021 was the year that cryptos went , what next for digital assets? There are as many predictions for the price of bitcoin and other major cryptocurrencies as there are days of the year, so we won’t even go there but, if previous years are anything to go by, expect more volatility. Bitcoin more than doubled in price from January to early November, reaching a record $67,554, but has had a torrid time since and was trading on the last day of the year at $48,276, yet still 66 percent higher in 2021. Crypto decoupling A trend that has been predicted by numerous industry observers is crypto decoupling, i.e., the idea that not all coins will follow bitcoin up and down but will trade independently based on their own value. “Different crypto sectors have different value drivers,” according to Messari’s . “We’ve gone from ‘everything is a cryptocurrency’ to ‘actually, there’s currencies, fat protocols, DeFi apps, distributed computing platforms, NFTs, work-to-earn markets…’. Discerning investors increasingly look at the actual usage and underlying microeconomics of various networks and trade around their unique growth drivers.” Bitcoin mining becomes more concentrated has predicted more bitcoin mining bans in 2022, particularly from