FOMO factor will be the main incentive for investment in crypto acting in 2022 year – Bits Media

Results 2021 years have shown an increase in the interest of private and institutional investors in crypto assets. Expected, what in 2022 year, the FOMO effect will become the main incentive for investing in crypto assets.

2021 the year was historic for the cryptocurrency community, development of digital assets and expanding their influence on both the financial system, and on public consciousness. Prices of most cryptocurrencies have reached historical highs, and the total capitalization of the cryptocurrency market temporarily exceeded $3 trillion.

Extensive media support, high market capitalization, the arrival of new institutional players and the emergence of profitable financial instruments based on cryptocurrencies, steel in 2021 drivers of growth in the cryptocurrency industry.

As of 2021 year, the global level of ownership of cryptocurrencies is approx. 3.9%, ie. more 300 million people use cryptocurrency assets around the world. In absolute terms they are the leaders: India (100 million), USA (27 million), Nigeria (13 million), Vietnam (5.9 million), Great Britain (3.3 million). Wherein 58% The “cryptocurrency population” is the generation under the age of 34 years old.

Ukraine is the leader in terms of percentage of the total number of residents of the country., Russia is in second place, in third is Venezuela.

More 18 000 companies began to accept payments in cryptocurrencies, and retail trade attracted over 40% new clients, who pay with cryptocurrencies. The number of transactions on e-commerce sites increased by 12.5%. Average ROI (ROI) made up 327%.

Expected, that to 2025 year, the global luxury goods market will reach $1.5 trillion, At the same time, the millennial generation, which actively embraces innovation, will account for more 50% entire market. If we take into account, what 36% among the owners of crypto assets have an annual income of about $100,000, then the decision of luxury brands to accept payments in cryptocurrencies is becoming increasingly relevant.

Despite, that people still depend on state financial institutions, the use of cryptocurrency assets in calculations makes the space more autonomous, eliminating intermediaries, who control or enrich themselves at the expense of end consumers.

Digital money transfers and cross-border transfers have reached almost $95 billion. Over 15% of the total number of remittance senders switched from fiat to cryptocurrencies, since crypto transfers in 388 times faster and 127 Once cheaper, than traditional money transfer methods.

Florrie Marquez (Flori Marquez), co-founder of Blockfi, told
in an interview with Yahoo Finance Live Friday, his vision on the prospects for the development of the cryptocurrency market in 2022 year. According to Marquez 2022 The cryptocurrency community can expect three important events this year.

First of all, significant influx of consumers, who will enter the market for the first time. In this case, the most significant influencing factor will be FOMO.

The reason for the hype around this asset class is the huge profits, which some investors received. Bitcoin, eg, was the best performing asset since March 2011 March 2021 years with annual profitability 230%. The next best performing asset class over this time period was the Nasdaq-100 ETF (QQQ), from 20% annual return.

Florrie Marquez said: "if we look only at BlockFi's numbers, over the past three years we have had 10 000 clients at the end [first] of the year, 100 000 clients at the end of last year and by the end of this year we will have more 500 000 clients".

Secondly, she thinks, that amid the Covid-19 pandemic we will see “reskilling of talent”, as the cryptocurrency space and fintech have become more attractive to many people.

Finally, next year we can expect regulators to adopt a number of legislative acts, which will bring the necessary regulatory clarity to the crypto space. 2021 the year was also a year of unprecedented pressure on cryptocurrency companies from financial regulators. Governments and fiscal authorities around the world have begun to take digital assets much more seriously., than ever before. Regulatory practice has also changed, from the introduction of strict supervisory rules to a complete ban on any transactions with crypto assets..

US Federal Reserve Chairman Jerome Powell recently said, that he has no intentions of banning cryptocurrencies in the US, while the chairman of the Securities and Exchange Commission (SEC) Gary Gensler comments constantly
special role as your agency, and the Commodity Futures Trading Commission (CFTC) in supervision
behind the industry.