As 2022 begins, with bitcoin starting the year with a fall in price, many are pondering what 2022 has in store for digital currency. How might the market advance? What shocks are coming in our direction? Will Bitcoin stay bullish or turn negative?

Here’s some of the trends experts are predicting:

1.    DeFi Will Continue to Thrive

2020 and 2021 both saw the universe of Decentralized Finance develop extensively and we expect this to continue in 2022.

2.       More Crypto Companies Will GoPublic

April 2021 saw Coinbase taking their organization public, then in October, Bakkt proceeded to do the very same thing.

It’s expected that other organisations will follow suit in 2002.

3.       More Businesses Will Accept Crypto

2021 saw more businesses accepting payment by Cryptocurrency and the addition of Crypto to Paypal in has also made it accessible to a much wider market.

Already online sellers are reporting offers of payment via crypto, and we’d expect this to grow in 2022.

4.       More Countries Will Make Progress Towards Recognizing Crypto

One of the biggest stand-outs from 2021 was El Salvador’s recognition of bitcoin as legal currency.  Leading fintech figures have already predicted that more nations will follow suit in 2022.

5.    Bitcoin predictions will continue to divide the market

The bitcoin era has always seen the currency experience big drops and then recovery and the current climate is no different.

We’ve seen some signs of recovery, and plenty of gloom and doom predictions and analyst predictions vary widely.  However, we’ve seen obituaries for bitcoin before, only for the currency to bounce back even higher, so the current drama is hardly new.  More importantly, some big fintech names predict a bright year for the currency.  With many billionaires and corporate investors now heavily betting on Bitcoin, hoping it will protect them from potential crashes in traditional markets whilst giving the benefits of deregulation, one certainly hopes the predictions are correct.

Whatever happens, it will prove to be another interesting year.

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