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Future of Cryptocurrency in 2022 & Beyond
2021 was an extraordinary year for cryptocurrency. But what’s next? We’ve seen the price of Bitcoin hit all-time highs and plunge to its lowest over the last year, followed by major drops and huge buy-ins from corporations. Additionally, Ethereum — the world’s second-largest cryptocurrency by market capitalization — hit its all-time high price at the end of 2021.
The U.S. government has increasingly shown interest in introducing new cryptocurrency regulations. At the same time, the interest and demand for cryptocurrencies have skyrocketed: it’s not only in the headlines because of investors such as Elon Musk but also because of celebrities. This shows that 2021 was a breakthrough year for cryptocurrencies in several ways, and there’s huge focus and enthusiasm in the world of cryptocurrencies.
However, the industry is still in its nascent stages and constantly evolving. Given the highly volatile nature of cryptocurrencies, it’s extremely difficult to predict where the industry is headed in the long term, but in the coming months, industry specialists are following themes from crypto regulation to mainstream adoption of crypto payments to get a better grasp of the market.
