Cryptocurrency Will Trend In 2022
The concept of cryptocurrency has been around since 1998. Bitcoin was created in 2009. But in 2022, experts expect cryptocurrency to trend upward in leaps and bounds. Potential partnerships between crypto and NFTs, the metaverse movement, and an increasing uncertainty for general society and economy all serve to increase trust, or at least curiosity, in cryptocurrency.
Before we go into the growing trends, what is the crypto industry worth today? Bitcoin is the most-known cryptocurrency in most circles. As of the beginning of the year, Bitcoin had a market capitalization of $1072.21 billion. In the last eight years, Bitcoin has grown an astonishing 193,639.36%. And by 2026, the marketplace for cryptocurrency in general is expected to grow to $1087.7 million. Some may still dismiss cryptocurrency as a reality altogether. But the numbers don’t lie. And neither do the trends.
Coinbase and Cryptocurrency
When cryptocurrency was first created, there were a lot of questions. It was a completely new concept. The fact that currency could be more than physical coin and cash was hard to conceptualize. Even when credit and debit cards became the primary way to move money, they were still connected to a concept of physical funds.
As cryptocurrency came onto the scene, people wanted the details. How do you access or manage digital funds? Where do they exist? How are they regulated or created? While many of these questions still exist, companies like Coinbase have helped answer many of them. Coinbase created a way for people to buy, trade, and manage Bitcoin and other cryptocurrencies. They made crypto accessible.
Coinbase NFT
Now, they are entering the NFT game. Similar to cryptocurrency, there have been many questions as NFTs entered the scene. Created to be unique, non-replaceable pieces of art, there have been many questions about how NFTs work and how they can be regulated.
Just as they did with Bitcoin, Coinbase is swooping in to make NFTs more accessible and organized. Buying and selling them will become easier using cryptocurrency. This is one of the first all-digital properties to be created since Bitcoin. It’s likely more and more digital things that have never existed before will be created. And they will all need money to be sustained. This is where cryptocurrency will have another opportunity to thrive.
Bigger Investors in Crypto
While the NFT development is a huge development for the digital industry, it is not the only thing impacting cryptocurrency in 2022. Here are more reasons you should be paying attention to crypto in the coming year.
As the crypto game has played out well for the little guys willing to take the risk, bigger corporations and businesses have decided to invest as well. Companies like Tesla, Square Inc., and Galaxy Digital Holdings. When support from economic giants like these builds, the value and public perception of the currency goes up.
What’s to Come
Where there is movement, development, and interest, curiosity grows. As the public becomes more curious about our growing digital and globalized world, more enter into the crypto industry. And its value grows. As companies like Coinbase create ease of access to other digital entities that depend on digital currencies and transactions, more invest in crypto. And its value grows again.
At this time, there is still much uncertainty about the rules and endgame when it comes to cryptocurrency. But one thing is for sure: cryptocurrency will continue to be a trending topic in 2022.
