202 and 2021 have been significant years for innovation and development in the crypto sector. From China banning all cryptocurrency transactions to El Salvador becoming the world’s first country to adopt Bitcoin as legal tender, cryptocurrencies have seen both good and bad over the last two years. Bitcoin reached its all-time high, and for the first time regulators are now seriously looking at cryptocurrency. Countries are coming up with their own cryptocurrency models, and alternative sources of energy for mining are a global subject now. In continuation of this trend of ups and downs, there are certain things we can expect from the cryptocurrency sector in 2022.
What seems obvious now would be unthinkable a few years back. Right now we are at a juncture where traditional financial institutions are entering the crypto space. In 2022, we can expect many more institutional investors to step into cryptocurrency. It will have huge ramifications on how the sector works since institutional investors will be key players in the market. On the other hand, governments are also actively looking into crypto regulations and will continue to do so in 2022. We can expect more pro-crypto politicians to come to the limelight over the next year.
Meme coins will continue to rise in 2022, as will crypto-related crimes. The United States Internal Revenues Department projects that it will seize more than $3.5 million worth of cryptocurrency in illegal transactions in 2022. With so many things to look forward to, 2022 will be an exciting year for crypto investors and enthusiasts.