The year of crypto, why many people go to digitalization …

The year of crypto, why many people go to digitalization …

2021 had a lot of great things that helped push crypto into a new spotlight, but will 2022 be the year when crypto will finally break into many mainstream operations?

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Why Crypto?

Many people are starting to look at cryptocurrencies as a way to buy, save money, make money and invest in the long run. Many things affect why this happens, but the whole story cannot refute the numbers, and the numbers do not lie. With Bitcoin leading the way, cryptocurrency has managed to surpass gold for the third year in a row. Could it come from the rise of digital assets as the world moves to electronics or because of inflation? One thing we do know is that the S&P 500 index rose 28% and gold fell 7% over the same period, marking the third consecutive year that Bitcoin has surpassed the two, according to an Arcane Research report. This does not mean that bitcoin will have a higher value than gold, but it shows how people are starting to move from the old way of thinking to the new unexplored territory via the web.

NFT boom

NFTs have begun to take over mainstream art as collectors and investors meet in the middle to see a new rush. Irreplaceable tokens, better known as NFT, have begun to gain momentum – generating over $ 23 billion in trading volume – frantically far below the $ 100 million recorded in 2020, according to DappRadar. This wave is likely to continue as many artists and businesses begin to join; will this trigger a new wave of investors just going into the digital market?

We also know that in America crypto has been a hot topic for many people as it has earned billions across the map. U.S. investors made a profit of $ 4.1 billion in 2020, according to a new report by software company Chainalysis. The 2021 figures probably exceeded them.

Digital wallets against banks …

Digital wallets allow you to store and transfer cryptocurrencies such as a bank account. Many offer significant incentives and have aggressive interest rates, plus they have physical cards that you can use anywhere. Some 150 million Adult Americans say they have exchanged cash and credit for digital wallets at least once, and given the rise of popular wallets like Metamask, don’t be surprised to see that number continue to grow.

Not all of these digital wallets are inherently cryptocurrencies, but banks are starting to add these features to make up for the backlog. On top of all these numbers, wallets that allow the purchase of Bitcoin over 70 million wallet users at the end of March 2021 – so we know things are growing.

As time goes on, we will unlock more statistics to see who will win the fight; and as the world faces a pandemic, many people are turning to these wallets in an effort to multiply investment to stay at the top of the trade. Could crypto be the future of the economy, or will it stand in line like many before?

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