The Future of Cryptocurrency - A Predictive Outlook
The cryptocurrency market is growing at exponential rates. Despite its critics, it’s becoming crystal clear that crypto is steadily carving out its niche in the financial world. 2022 is set to be an interesting year in the crypto universe, and there are a few indications we think you should pay attention to. The future crypto-climate will certainly have its hills and valleys so it's important to look ahead and plan accordingly.
Unique Digital Currencies Issued by Central Banks
According to Forbes and Yahoo.com, there has been an international push for central banks worldwide, as well as countries themselves, to create their own digital currencies. In an effort to protect themselves from the decentralized and unregulated world of current crypto currencies, banks and countries alike will gain the ability to manage and control crypto on a more finite scale.
Currently, China is leading the charge towards a future with centralized crypto currencies, with other countries not far behind. El Salvador became the first country, in September 2021 to adopt Bitcoin as legal tender, making way for other countries to do the same.
Early Investment Will Still Produce the Highest Returns
As usual, in the investment game, getting in on the ground level of an emerging tech can pay off handsomely in the long run. Bitcoin, and other cryptocurrencies, have been volatile lately, to say the least. The current world economy is experiencing significant transition and now may not be the time to be ‘bearish’ with your investments.
Even so, it appears that cryptocurrencies will continue to gain long term, even with possible growth in valuation in 2022. Thousands of different crypto currencies have appeared and disappeared in the market over the last year, but those who have sustained the ever-changing financial climate have shown to be profitable investments. With many blockchain companies set to go public in 2022, careful valuation and early investment will be the name of the game.
Ethereum Overtakes Bitcoin While More Blockchain Companies Become Public
As the second largest cryptocurrency in the world, Ethereum doesn’t usually get the attention that Bitcoin garners - but it should. While Bitcoin is looking to become more secure for industry experts and investors, Ethereum has gains this year that are outpacing Bitcoin. For those looking to diversify their crypto portfolios, Ethereum is an attractive addition.
Bitcoin and Ethereum aren’t the only players in the game. There are many others that warrant attention. It’s been widely forecasted that as many as 10 blockchain companies will go public during 2022.
NFTs Become Hit-Driven While Hybrid Wallets Become Essential
The buzz around NFTs - non fungible tokens - is undeniable. But how many of the corporate entities hyping it up actually know what they are or how they apply to their industry? According to gamesindustrybiz.com, not that much. NFTs have a vast amount of potential but their most valuable applications have yet to be implemented or even discovered. Check out Gray's very own NFTs at https://graycraft.com.
On the other hand, hybrid wallets are here to stay. Hybrid wallets are a seamless combination of your web-based wallet and your software wallet. This sophisticated cryptocurrency storage and management system is an essential part of today’s modern crypto clients. Without a secure and durable crypto hybrid wallet, you could potentially lose access to your crypto currencies in the blink of an eye.
The CORAZON® is our cryptocurrency and bitcoin hardware wallet produced in collaboration with Trezor. It has an outer case machined from aerospace grade titanium and aluminum and is built upon the technology of the Trezor Model T. We are dedicated to providing discerning crypto clients with an unparalleled, luxury security option. The CORAZON® cryptocurrency wallet is a reminder of the immense potential of crypto, and a statement of confidence that the best is yet to come.
