Bitcoin is a good indicator of the crypto market as a whole, as it is the largest crypto currency in terms of market value and every market tends to follow its own trends. The price of Bitcoin went from bad to worse in 2021, and in November it set another high when it exceeded $ 68,000.

2021 was a major year for cryptocurrency. But what’s next for 2022?



We have seen Bitcoin hit many new high prices last year - followed by a sharp decline - as well as institutional purchases from large companies. Ethereum, the second largest cryptocurrency, acquired its newest flagship late last year. U.S. government officials and Biden officials have continued to express interest in the new cryptocurrency rules.


Throughout this time, people's interest in crypto has grown exponentially: it is a hot topic not only for investors but also for popular culture and, thanks to everyone from longtime investors like Elon Musk to that kid from your high school Facebook.


In many ways, 2021 "has been a success," said Dave Abner, head of global development at Gemini, a popular cryptocurrency exchange. "It's very focused and highly regarded [in the crypto industry]."




But the industry is still young and growing. That is a big part of why all the new Bitcoin highs can be easily tracked with big drops. It’s hard to predict where things will go in the long run, but in the coming months, experts are following the trends from regulation to institutional acceptance of crypto payments in an attempt to find a better market idea.


Although exact predictions are not possible, we asked five experts about their concerns in the crypto space for the future:


Cryptocurrency Regulation

Expect further discussions about cryptocurrency regulation. US officials have shown some interest in regulating stable coin.


Lawmakers in Washington D.C. and globally they are trying to figure out how to establish rules and guidelines to make cryptocurrency money safer for investors and less attractive to cyber criminals.



"Regulation is probably one of the biggest problems in the crypto industry worldwide," said Jeffrey Wang, head of Americas at Amber Group, a Canadian-based crypto financial company. "We can very much accept clear control."


Federal Reserve Chairman Jerome Powell recently said he had "no intention" to block cryptocurrency like Ethereum in the U.S. while Security and Exchange Commission Chairman Gary Gensler noted both his agency's role and the Commodity Futures Trading Commission's role in policing in the industry.



MORE OVER,


The similarity between the internet and crypto is amazing. Until Moses, the internet was publicly funded and mainly used for educational planning. But enlightened policymakers decided to formalize online commercial activities. Although the commercial use of the Internet started with many people and businesses not knowing how to connect or use the Internet, rails were installed that would eventually change the future of everything.



The first years of simplified use and great user growth are not far off. There is a lot of talent, the capital exists and conditions such as economic inclusion and freedom have matured.


But, for all of this to happen, there is one big uncertainty x. How will governments deal with cryptocurrencies? For Deutsche Bank’s prediction to come true, we need enlightened policy makers who will ensure crypto currency. "First, they must be legal in the eyes of governments and regulators," the report states. Very true!


Crypto control may be imminent. As regulatory barriers accumulate, cryptocurrencies may be officially replaced by fiat currencies. Many governments will not survive and fail to control their spending without aggressive behavior. Libra and other stable coins may eventually provide a road map to widespread adoption, with strong surveillance by government regulators.


What is even more significant about this report is the section “The end of fiat money?” That's great, considering that the report came from the world's largest bank. What people in the cryptocurrency community have known for a long time, banks are starting to see it now. But that is good news!




The real victim of crypto may not be fiat, but plastic cards. For decades now, we have been slowly withdrawing money. Credit, debit and debit cards are increasingly expiring and may continue in this study, as crypto acceptance increases. When you think about evolution, we move from paper money and coins to online services and debit / credit cards. The rise in mobile payments via WeChat Pay, Ali Pay and Pay pal has already made plastic cards ineffective. Blockchain offers many pf benefits over plastic cards, but the basic difference between the two is that all payments and transfers are made with the full user's consent. Deutsche Bank believes plastic cards could die. As cryptocurrency adoption grows, it makes sense to assume that credit cards will disappear. We will no longer need them.


Deutsche Bank is in line with its predictions.


But, the predictions are always misleading. Looking back is 20/20. Right now, everyone wants to believe. We can taste the future that is shared by countries. Things take time, but the countdown has begun. Cryptocurrencies are more popular than you think. According to a study, about 18% of US-based students may have at least one digital currency or have it in the past.


Crypto can be both good and bad, like everything else in life. Many people fail to understand the real value of cryptocurrency, because they only focus on speculative, price-driven and volatile trading.



Crypto offers a unique solution that makes fiat money obsolete. Cryptocurrency empowers people to become their own bank and payment method. Major administrative and technical challenges. The determining factor in whet.