For a few years now, it has been a trend to project the course of cryptocurrencies at the beginning of the year. Keeping up with the trend, various financial and analytical firms have predicted the fate of cryptocurrencies in 2022. Among them, Mai Capital Management’s predictions are worth paying attention to. However, they echo a lot of things that other firms have also projected.
According to Mai Capital’s chief strategist Chris Grisanti, 2022 will be a tough year for cryptocurrencies. Among other reasons, he focuses primarily on the unstable crypto regulatory landscape. From the United States of America to Singapore and India, countries in different parts of the world are struggling to set up a cryptocurrency framework. As the situation stands now, many countries have some level of regulations in place to curb innovations in the crypto space. Governments primarily do this as a reaction to the fear of national economy destabilization.
However, Grisanti maintains that established cryptocurrencies like Bitcoin and Ethereum will have an easier time dealing with regulatory issues. With a global corporate backing, Bitcoin and Ethreum will continue to soar, as would some other coins like Solana, Polygon, and XRP.
Chris Grisanti did not paint a gloomy picture for cryptocurrencies in 2022. On the contrary, he believes that the entire ecosystem will flourish once the regulatory confusions are settled. However, there is no certainty as to when and how it would happen. The global crypto community is now looking forward to seeing how much of these predictions match as we go into the year.