Rodrigo Vicuna
Contributor
Cryptocurrency and blockchain had a breakout year in 2021.
ust look at the numbers: 80 million unique crypto wallets; Bitcoin and Ether grew 60% and 407%, respectively; El Salvador adopted bitcoin as official currency; the NFT market generated $2.5 billion in trades. Even Burger King announced a whopper when they got in on the NFT action. Impressive? Absolutely. Have we reached a point where crypto and blockchain reach mass adoption? Well, not quite.
Even though DeFi, cryptocurrencies, blockchains, NFTs and a slew of other products came online in 2021, only about 1% of the world’s population has a unique crypto wallet. Media coverage, financial institutions, and companies with hefty marketing budgets jumped in and made it seem as if mass adoption was already here. But in reality, we’re not there yet.
However, we anticipate that changing in 2022. From more creative crypto entries to the impact of inflation and new technologies, here are five trends we expect in 2022 …
