CRYPTO MARKET OVERVIEW FOR 2022
Financial education goes beyond what you learn at school. With the world economy on the edge of crisis as Robert Kiyasoki and George Gammon (Host of the rebel capitalist show) discussed in a recent interview on the “Rich Dad” Radio show on YouTube, I have come to the realization that beyond getting an education or being an entrepreneur, you must find something that gives one financial freedom. As you read this article, I want you to understand that the main thing that can help you achieve such freedom, asides property investment, or investing in food, is crypto market.
You can make more money without spending the rest of your life working. I mean, people are sitting on more cash now than in the past 20 years and it’s thanks to crypto.
Statistics expected the number of global crypto owners investing in crypto market to reach 1 billion by the end of 2022 and the global crypto population increased by +178% in 2021, rising from 106 million in January to 295million in December of 2021.
Crypto adaptation was remarkable in the first half of 2021. We saw how industry giants such as Tesla and Mastercard, took steps to embrace cryptocurrency. In the second half of 2021, although traction slowed, adoption rates were well above last year benchmark. In summary, although crypto adoption continued to grow sustainably throughout 2021, we expect it to rebound and its 2021 highs before December 2022 and blow past $10,000 by 2025. Virtual currencies are highly volatile.
Experts believe cryptocurrency prices could fall further in 2022. They leaped to a record high of almost $69,000 in November, but they are now below $50,000, down nearly 30 percent from its high according to a www.simplelearn.com. Yuya Hasegawa, a crypto market analyst at Japanese digital asset exchange Bitbank, believes the most significant risk factor is [quantitative tapering] by the Fed. He thinks it has been decided and is probably priced in.
Crypto predictions are all over the place, but what do you think?
Bamidele V. Osagie
For
TM
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