Crypto Experts Break Down Their 2022 Industry Forecast

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As the last gifts are bought and wrapped, and the sherry begins to flow, a burning question is lingering over the tongues of families around the world this holiday season: when are you going to put your phone down and stop checking crypto?

They hardly understand the woes of a turbulent month of Bitcoin bearish divergence, nor the endless possibilities of what could happen next – only one thing is for sure – it’s Christmas and it’s time to take advantage of it.

In the festive spirit, Coin Rivet has compiled an expert sentiment barometer reading on the crypto market for 2022 – so you don’t have to do it this holiday season.

Web 3.0 users will take center stage

For many experts, Web 3.0 has truly been left out this year, although the importance of the sub-sector will continue to grow until 2022. Web 3.0 focuses on extending the utility of users into decentralized capability, and naturally this will place users as the focal point of emerging technology.

Julian Sawyer, CEO of Bitstamp – the world’s oldest crypto exchange, was keen to assert the view that customer interaction is a vital human component of high-tech systems.

“In crypto in particular, we use technology to drive our products and our business, however, our customer service is a space where we can be human,” he explained.

“The technical jargon of our industry is what makes customers confused or frustrated and we strive to be a place where people can enter the market with confidence.

“In 2022, the focus should be on innovative products that deliver a better customer experience, not on using technology to separate potential customers. As more people talk about metavers, cyborgs, and alternate realities, I bet people will want to talk to real people.

And Matt Zhang, the founder of Hivemind Capital (a $ 1.5 billion crypto fund built on Algorand’s back), agrees – adding that Decentralized Autonomous Organizations (DAOs) will revolutionize user engagement in l future of industry and the technological sector. will be the first.

The story continues

“In 2022, we will see more companies exploring alternative governance models using DAO and blockchain technology,” Zhang said.

“This trend will be particularly evident in the consumer technology industry, where consumer feedback on products shapes the longevity of the companies that provide these services in the first place.”

Institutional flows to crypto will continue

Many have quickly labeled 2021 the year of institutional crypto adoption, however, experts seem to suggest that this “moment” is far from over amid economic concerns and the current state of adoption.

Diogo Monica, president of Anchorage Digital – the first federally chartered crypto bank, explained how the institutional adoption of crypto represented a generational transfer of wealth that is evidenced by a mature multi-asset class industry.

“It’s no longer just a question of speculative investing in Bitcoin or Ethereum; we’re talking about NFT, DeFi, remittances, capital preservation and a lot of other verticals, ”Diogo explained.

“We will also see Bitcoin continue to act as a hedge against inflation, which continues to be important as rates rise.

“Finally, banks and fintechs will continue to support crypto services at all levels, as 2021 has shown us that the massive transfer of wealth to millennials is well underway and their needs are very different from those of their predecessors. “

And Matthew Gould, CEO of Unstoppable Domains, one of the leading NFT domain name platforms, highlighted how the stellar performance of stablecoins in 2021 demonstrated the true usefulness of crypto to individuals and banks.

“Stablecoins have had an exceptional year in 2021, reaching a market cap of over $ 152 billion. I predict that by 2024, the total market cap of Stables will reach $ 1,000 billion, ”Gould said.

“The biggest thing that will win over crypto-skeptics is utility, and stablecoins are the best example of that – stablecoins represent all that is good about crypto without the speculation or the FOMO aspect,” especially when looking at regulated stablecoins like USDC.

The NFT and Metaverse hype is here to stay

Kosala Hemachandra, CEO of MyEtherWallet, believes 2022 will bring another wave of NFT hype as real use cases finally emerge and come to fruition.

“In 2022, I look forward to physical objects like car titles and property titles becoming NFTs,” Hemachandra said.

“It will introduce a whole new game to crypto. NFTs are easy to understand, similar to collectibles in the real world.

“Each wave of NFT brings something new to the table, which means we haven’t even seen the full glory of NFT yet.”

Speaking to the Metaverse, Colin Pape (Founder of Presearch) argued that 2022 would be a battlefield year that would see centralized entities and decentralized networks compete for ownership of online interactions.

“Our collective transition to the metaverse will continue to accelerate. This raises major privacy concerns, ”Pape explained.

“It’s not just your Facebook account, it’s a change to get everything online. Centralized companies like Facebook, Google and Amazon will compete for control of our digital lives, so we need to focus on building a future that is a net positive.

“The best way to do this is to offer alternatives to major technology platforms. As we move towards a future in the metaverse, we need to prioritize decentralized and open source platforms and educate people on the alternatives to the large centralized technology platforms that they use every day. ”

Read more: UK falls behind in biggest momentous event of 2022

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