Crypto Fomo will be an enormous investment driver, regulatory clarity is expected in 2022, says Blockfi Executive - Markets and Prices
Crypto Fomo will be an enormous investment driver, regulatory clarity is expected in 2022, says Blockfi Executive - Markets and Prices
A manager of Blockfi says that "this year was a huge year for the demand for the mainstream consumers for crypto". In view of the fact that the fear of missing (FOMO) will be a big driver for investors, the management expects some regulatory clarity next year.
crypto fomo will advance investments in 2022
Flori Marquez, co -founder of Blockfi and Senior Vice President of Operations, discussed the future prospects for cryptocurrencies by 2022 in an interview with Yahoo Finance Live on Friday
Blockfi was founded in 2017 and offers credit services for markets with limited access to simple financial products. The financial service company specializing in crypto is institutionally supported by investors such as Valar Ventures, Galaxy Digital, Fidelity, Akuna Capital, Sofi and Coinbase Ventures.
"It was a huge year for crypto," she started. However, she admitted that the Bitcoin price was slightly fallen, however: “If you look at the returns for Bitcoin from year to year, Bitcoin has covered 112% today. And if you compare this with gold or S&P, it is negative 4% or 24%. have." The executive described:
I can say that this year was a huge year for the demand for the mainstream users according to crypto.
"We have seen enormous progress in the interest of the interest of American consumers in this type of investment class," she added.
In terms of the prospects for the cryptocurrency market by 2022, she pointed out that “If we look at the blockfi numbers alone, we have had 10,000 customers in the past three years at the end of the year, 100,000 customers at the end of the [following] year, and this year we will have over 500,000 customers by the end of this year.”
The executive said: "With a view to 2022, I really think that we will see three things", and explained:
The first is that for the first time we will see more consumers in the United States. And I think a big driver will be FOMO [FEAR OF MISSING OUT].
"So we go into the holiday season. People will talk about the new things in which they have invested this year. And I think that crypto has become a little more digestible for the average consumer than five years ago," she said.
Secondly, she believes that we will experience a “recycling of talents” and finds that many people change work because of the Covid 19 pandemic. She added that the crypto and fintech area was a big attraction for people.
Finally, she believes that we will see a certain regulatory clarity in the crypto area next year, and says:
I think we will see some regulatory clarity in 2022. A lot of work in relation to cooperation with the regulatory authorities was done to understand what has to happen so that this sector can continue to grow. And I hope we will see the next year.
"In my understanding, it is that the supervisory authorities currently have two main topics that they concentrate on," she continued. "They pay attention to consumer protection and also focus on keeping innovations in the USA."
The Executive Castle: "I also believe that the clarity of the regulation will make it possible for many companies that build crypto to build more clarity, which will hopefully be more secure for consumers in the long run. And it will also help with this mainstream acceptance because consumers will feel more secure if they know that the regulatory authorities are also active in this area."
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