Future of CryptoCurrency

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Coinmonks

3 min readJun 10, 2022

What is next in 2022 after the big success of cryptocurrency in 2021. 2021 was a “breakthrough” said Dave Abner who is head of global development at Gemini. Major companies and states like the U.S are expressed their interest in cryptocurrency’s new regulations. Also, the U.S bank recently created bitcoin custody services that enable hedge funds to take a stake in this amazing digital currency.

Bitcoin also attracts people to it and their attention toward bitcoin is skyrocketed. It is an amazing and most interesting topic for investors and also for this popular culture.

Analysts conclusion that the cryptocurrency global market will be triple of today by 2030:

Once cryptocurrency becomes familiar among fringe communities of anti_establishment investors, is now becoming a very household name. Its global market will be triple of today by 2030, and the evaluation of its future is around $5 billion. No one can ignore the rising tide of cryptocurrency.

Power to the people:

Investors of cryptocurrency are growing steadily all around the world, and its recent growth is explosive.

Source: GWI Core Q2 2018-Q2 2021 | Base: 2,045,787 internet users aged 16–64 across 47 markets | Question: What kind of savings/investments do you have? (Cryptocurrency).

Many lawmakers around the world are trying to establish laws and guidelines to make cryptocurrency safe for investors and to get rid of cybercrimes

Investors of cryptocurrency are probably to get hurt if stricter regulations are not introduced. All-time regulations of cryptocurrency come with hurdles. “ there are different agencies that may or may not have jurisdiction to oversee everything ” says wang(king of china).

What a crypto ETFs means for investors:

The first crypto ETF is launched on the new york exchange last October. This new face of development represents a more effective and traditional way to invest in cryptocurrency.

Crypto ETFs are exchange-tradedfunds that track the value of cryptocurrency and their trade in the traditional market exchanges. They permit investors to invest in cryptocurrency without any inconvenience of utilizing cryptocurrency exchange while providing a hold to its price.

How it works:

A crypto ETF might work similarly, the price of one share of ETF would fluctuate with the price of the cryptocurrency. If the value of cryptocurrency increases, also the value of ETF increases, and vis_a_vis. Besides, ETF might trade in exchange market like the NYSE or TSX instead of a cryptocurrency exchange.

Broad institutional that adopt cryptocurrency:

Popular and mainstream corporations across multiple industries are interested in cryptocurrency and some of them are investing in cryptocurrency i-e.AMC announced that it will accept bitcoin payments by the end of 2021 and some other companies are also taking interest in bitcoin payments.

Some experts predict that very soon global companies will start adopting cryptocurrency and also that what they are looking for is the involvement of mainstream corporations in cryptocurrency.

Future of bitcoin:

A good indicator of the crypto market is bitcoin only. Because bitcoin is the biggest cryptocurrency by market.

Bitcoin’s price skyrocketed in 2021, and in November it went over $68000 setting the new all-time high price. Another expert and author of “cryptocurrency Investing For Dummies”, Kiana Danial predicted that bitcoin will hit $100,000.

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