Next Steps for Bitcoin and Cryptocurrencies: 5 Looks Away in 2022

The last year has been seen as a major breakthrough for cryptocurrencies. What will 2022 bring to the Bitcoin and crypto industry in general?

2021 will be a tumultuous but rewarding year for cryptocurrencies. The market value of cryptocurrencies has grown from less than US $ 800 billion today to around US $ 2.2 trillion, and some of these assets have achieved excellent returns in value and users. Additionally, the continued success of DeFi and NFT indicates that there will be further increases in the years to come.

Here are five key crypto targets for 2022:

1. Improve supervision

So far, the crypto industry is booming thanks to its decentralized and unregulated nature. But many in the industry will say that as long as the rules are transparent, they will be open to the rules.

The government has been working to find ways to regulate cryptocurrencies against cybercriminals and protect the safety of traders. China has indicated how to deal with cryptocurrency breaches within its borders, unless such activities are prohibited by the government.

Crypto traders and investors want to adopt common ground in the United States, and the Securities and Exchange Commission (SEC), International Commodity Exchange (CFTC), and financial institutions are all advocates for the development of new policies. For investors, the rules will mean clearer and more relevant information, including cryptocurrency investments in pensions.

2. Bitcoin ATM a doublé.

The cryptocurrency status quo has long been taboo, and many people cannot see or touch Bitcoin as a real benefit. But now, as Bitcoin ATM setup slowly becomes a global reality, people will be able to adjust their digital assets according to the investments at hand.

Since 2015, the number of Bitcoin ATMs has grown steadily, reaching new highs in 2021. According to data from Coin ATM Radar, there are now over 33,000 Bitcoin ATMs worldwide.

Bitcoin ATMs allow people to buy BTC with a credit or debit card. This makes it very easy to obtain cryptocurrency for enthusiasts and beginners alike. Bitcoin ATMs can eliminate the need for a crypto broker because people can easily access crypto activity.

3. Environmental improvement

Cryptosceptics have focused on the environmental impact of blockchain networks, and this issue plagues some crypto enthusiasts as well.

Mining Bitcoin requires a lot of energy, which consumes a lot of energy. Electricity prices won't change much in 2022, as most cryptocurrency markets are designed to use proven tokens during the mining process.

On the other hand, new cryptocurrencies like Cardano and Solana are tested using proof of stake which does not require a lot of effort. Ethereum is the second largest cryptocurrency by market cap, and other cryptocurrencies want to follow it and move to proof of stake, which requires a more user-friendly environment. The introduction of environmentally friendly encryption technology in 2022 will help the region even if Bitcoin's power consumption does not improve.

4. The price of Bitcoin is changing all the time.

Bitcoin is by far the largest cryptocurrency in the world. Bitcoin's performance in 2021 is not stable. It hit an all-time high of $ 60,000 in April, falling below $ 30,000 in July and hitting almost $ 70,000 in 2021. It fell in November and fell below the current level of $ 50,000.

Since the cryptocurrency market remains uncertain, this transition could continue in 2022.

Bitcoin's volatility is one of the reasons why so many investors are familiar with Bitcoin, and the uncertainty gives it a chance to make a decision. However, this is why many asset managers are urged to be careful and only distribute 5% of their data to cryptocurrencies.

Traders should be prepared for Bitcoin gains and losses.

What cryptocurrency bulls need is that Bitcoin and other cryptocurrencies will continue to fluctuate in the short term, but in the long term their prices will continue to rise steadily, even with adjustments. Therefore, investors should be patient and not worry about temporary ups and downs.

5. ETF pom zoo cryptocurrency

When the first BITO Bitcoin Future Exchange Traded Fund (ETF) of the year went public on the New York Stock Exchange, day one trading volume reached nearly $ 1 billion. This ensures that investors are interested in cryptocurrency products that can be bought and traded on a regular exchange.

However, BITO does not hold Bitcoin. It is a way for traders to access Bitcoin in the future instead of real BTC. This is not a "place" ETF. The SEC has received several ETF requests based on the current cryptocurrency rate, but has not approved it. However, based on BITO's performance and investor confidence, the Bitcoin spot ETF will arrive soon in 2022, which may attract new investors.