BlockFi Co-Founder Says FOMO Sentiment Will Launch Acceptable Crypto In 2022

Flori Marquez, co-founder of cryptocurrency CEO BlockFi, says rising prices, new technologies and management will clearly create a FOMO wind in 2022, like a bubble for cryptocurrency adoption. In an interview with Yahoo Finance on Friday, Marquez also revealed his understanding of market growth for 2021.

Marquez believes that cryptocurrencies have become "easier to digest" for the average consumer than they were in 2016. He explains that another key driver of growth in 2022 will be more expert marketing specialists. and the management of crypto-currencies.

The statistics he mentions provide good support for growth in 2022. According to BlockFi research, 1 in 10 people plan to donate cryptocurrency this year, in addition to:

"Since two-thirds of Americans love to talk about cryptocurrency, and if you think about it five years ago, only 1% of people were working in the cryptocurrency industry. Five years ago, 50% of" Americans love to talk about cryptocurrency. Never. heard about it. "

BlockFi's internal metrics also indicate adoption is growing rapidly. During the first year of operation of the points card, 75,000 people registered. Marquez notes that this number is "huge" because financial technology companies typically expect to see around 10,000 debit cards in the first year.

For FOMO 2022, it is further revealed that "most Blockfi consumers will not sell BTC for cash when they receive BTC rewards."

These results indicate a wide range of changes in all crypto environments, especially the younger ones. According to a recent CNBC poll, 83% of millennials now own a cryptocurrency. “Hodling” is growing in popularity among BlockFi customers, with 38% planning to keep it and just 6% planning to reduce their cryptocurrency risk over the next year.

But for Marquez, new rules and when new technologies enter the cryptocurrency space are important. He said cryptocurrencies and financial technology are a huge hobby for people looking to learn new things and grow their careers.

"So I think we'll see a lot of potential to move from other traditional industries to crypto and financial technologies. And the last thing we'll see in 2022 is clear governance."

Deep in the FOMO mindset, it could drive up costs and adoption in 2022 as families gather over the weekend and Bitcoin prices stabilize above 48,000. $.