Krypto is here to stay despite the terrible 2022: WEF

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In a report on January 2, the international non-governmental and lobby organization said that Krypto will continue to be an integral part of the "modern economic instruments".

The WEF recognized the catastrophic last year and described it as "terrible", with more than $ 2 trillion being wiped out.

In addition, the political and economic forum based in Switzerland repeatedly defeated the regulatory authorities because they failed to "create reasonable regulations", but added that they were confirmed by "several large-scale mistakes" in 2022.

The report was written by Dante Disparte, Chief Strategy Officer and Head of Global Policy from Circle.

happy new year! According to an annus horribilis for @WEF #WEF23 Reflections about what the future brings and how @Kreis navigated by turbulence. https://t.co/emr4chnbu3

- Dante Disparte (@ddisParte) 2. January 2023

WEF positive for blockchain

further to the positive aspects: The report compared the crypto connection of 2022 to the DOTCOM case in 2000, which led to a development of the Internet to durable companies and business models.

"Perhaps 2022 marks a handover of crypto technology and blockchain infrastructure to more stable hands," she added.

It said that large banks and financial service providers should be observed this year when they deal with crypto.

"The acceptance of crypto technology is just as inevitable, even if the term feels like a swear word. Despite all its mistakes, this technology remains a protagonist in the global financial world."

The WEF explained that there are many examples that good technology is manipulated by bad actors, but with crypto it happens at high speed.

In fact,

crypto was produced by anonymous trade on the Dark Web in years that were plagued by hacks and thefts. Likewise, the beginnings of virus and fraud internet were plagued, but email and the World Wide Web were not banned.

In conclusion, the report states that the technology mature and will flow into the hands of the more responsible actors within a robust regulatory framework. In other words, crypto is here to stay.

outlook on the cryptom market

However, it can take a while for the cryptoma markets and token prices to recover. According to Coingecko, there is still a very low volatility, with the total capitalization of $ 839 billion at about the same level.

Since mid -December, there have been very little movement in both directions, since the consolidation continues to the new year.

Bitcoin acted slightly higher at the time of writing than on the weekend at $ 16,686; In the meantime, Ethereum rose 1.5 % to $ 1,214 on this day

.