Cryptocurrency points to an uncertain 2022

According to Agence France-Presse on April 19, with the support of traditional financial markets, the price of bitcoin reached all-time highs in 2021, but cryptocurrency experts believed that camera changes in the industry will not will not change in 2022. difficult.

From December 2020 to April 2021, the value of Bitcoin more than tripled to $60,000. As of 2022, Bitcoin is trading below $50,000.

Loukas Lagoudis, CEO of cryptocurrency investment ARK36, pointed out that the current exchange rate, price movement, and potential for further declines have created a lot of uncertainty in the digital property stock market.

However, he also said that in 2022, the continued use of digital assets by businesses and further integration into the financial system will be of fundamental importance for development in the crypto space.

"The Uncertainty of Cryptocurrency"

In 2021, as Bitcoin increases, Wall Street's demand for cryptocurrencies will increase.

Cryptocurrency exchange Coinbase broke all-time highs on the list for a listed company in April.

Bitcoin Futures (ETF) trading funds topped $66,000 in October after the NYSE debut.

Tesla Chairman Elon Musk posted a controversial cryptocurrency tweet, causing the cryptocurrency market to rise and fall.

It is also interesting to note that El Salvador converted Bitcoin to fiat in September.

China's restrictions on the cryptocurrency and mining industries, as well as regulatory risks in regions such as Europe and the United States, are impacting Bitcoin.

Huang Houde, legal counsel at digital exchange company Bequant, believes that cryptocurrencies are unreliable, let alone.

However, he points out that one thing is certain: there are growing calls for cryptocurrency regulation, whether to protect consumers or clarify house rules.

Born after the global financial crisis of 2008, Bitcoin began to propose independence and hope to destroy financial and financial institutions such as medium-sized banks.

Recently, climate change observers have suggested that the computer needed to make the new bitcoin coin needs to be more powerful.

the competition is strong

As 2022 approaches, some analysts believe Bitcoin faces the risk of stiff competition, especially from its closest competitor, Ethereum.

In November 2021, Twitter co-founder and CEO Jack Dorsey announced his retirement to focus on the digital payments company he founded, which expanded into the cryptocurrency space.

Until now, Bitcoin is still the protagonist.

According to expert website CoinGecko, the total value of the cryptocurrency market is $2.36 trillion, of which Bitcoin is worth around $900 billion.

Analyst Frank Downing believes that “Bitcoin refuses to change its structure” over benefits like Ethereum is true “provides the stability and consistency it needs to become a truly global currency.”