It has been a huge year for the cryptocurrency market, says Flori Marquez, Co-Founder and Senior Vice President of Operations at Blockfi. She believes 2021 was a great year that saw a rise in consumer demand for crypto. Marquez acknowledged the growing interest from investors in the US, despite the lawmakers calling for regulation.
In regards to bitcoin’s high volatility, the Blockfi executive said the world’s most popular cryptocurrency made a comeback in terms of year-on-year returns. It stands at 112%. When compared to gold, Marquez said it was negative. Despite bitcoin’s high volatility in the past couple of days, it is a great investment. She believes, the pull towards cryptocurrency has been like never before. Cryptocurrency and fintech is huge investor puller.
Marquez predicts more inclination towards regulation in 2022. Lawmakers have put in a lot of effort to bring cryptocurrency under regulation. There has also been a call by the crypto market for clarity and need for understanding as to how they work than be brushed off. Marquez believes lawmakers want the betterment of the consumers. Consumer protection is at their heart. And they also want innovation.
Blockfi, which is a crypto-focused financial services company, says regulatory clarity will be good for the crypto industry at large. It will help protect and safeguard the consumers as well as encourage new investors to take up cryptocurrency. Furthermore, investors will feel safe as regulators have got their back. Marquez says it will help drive crypto’s mainstream adoption positively.
