Crypto Winter will not freeze the interest of FinTech

Crypto Winter will not freeze the interest of FinTech

The crypto winter 2022 frozen the growth of crypto companies and triggered the sales of investors. But even with falling assets, industry insiders have further pushed forward - teams restructured, redesigned products and announced new offers for institutional and private investors alike.

why? First of all, the fintech community has already concentrated on building a long-term infrastructure around digital assets, while tradfi continues to increase, open and advance.

The investors still take care of it, as well as the financial companies that serve them. The conversations about crypto have actually been revived in the past few weeks, with many overdue restructuring in the works.

Blackrock started Bitcoin investments for his large institutional customers. Mastercard and Binance have introduced a prepaid card that offers crypto rewards in Argentina. Nasdaq started Nasdaq Digital Assets and offers institutional investors custody services for Bitcoin and ether. And a number of brokers have opened the doors, including the new Crypto offer from Stash, the new Ethereum index fund from Fidelity and even my company M1 and our introduction of M1 Crypto.

So why does it all seem to happen at the worst time? And where do the faithful go from here?

think in the long term

The answer is with the small investors themselves who drive the crypto movement.

Despite the downturn, the interest and demand for crypto is still very alive as a long -term investment.

crypto is often seen as a tool of daytraders and investors who are careful to earn a quick dollar by constantly buying and selling, but in reality there is a strong group of believers who keep the crypto dream of life.

This core gets stuck. A survey that M1 carried out among over 1,000 crypto private investors in September 2022 showed that the majority of these investors are planning to last for more than six months. In fact, despite the crypto winter, only 21 % of those surveyed plan a sale.

And there is still so much to build.

In the coming year we will undoubtedly see an even stronger convergence between Defi and Tradfi. Institutional acceptance will increase and crypto companies and projects will continue to collect money to support new innovations in the industry.

As long as this fire is still on, we can be sure that spring will come back.

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The article Crypto Winter Won’t Freeze Fintech’s Interest is not a financial advice.