Despite the necessary trial and error, 2021 was an excellent year for bitcoin (BTC) and the rest of the world of crypto. During the past 52 weeks, bitcoin is at least 70% in the plus. In addition, bitcoin and other cryptocurrencies are increasingly embraced by major institutions and even countries! The next year will no doubt be packed with thrills and there are a number of reasons why the hearts of crypto investors should definitely start beating faster.
1. Bitcoin spot ETF
Bitcoin investors eagerly await the approval of the first bitcoin spot exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC). Such a stock exchange fund is often seen as the holy grail for the acceleration of institutional adoption. Although the SEC de first requests has disapproved, there is a good chance that the green light will be given for the first time in 2022.
2. Extensive Regulation
Governments around the world get ready to regulate the crypto industry once and for all. In the vast majority of cases this will not be a ban, as was the case in China. Instead, this regulation will provide much-needed clarity and certainty. This certainty can convince large institutional investors who are still hesitating at the moment to enter the world of crypto.
3. Countries follow El Salvador’s lead
Perhaps the most important news of this year was the Bitcoin embrace in El Salvador. The Central American country made history by becoming the first country where bitcoin became legal tender. Chances are, El Salvador won’t be the last country. In 2022, more countries could just follow in El Salvador’s footsteps.
4. Bitcoin Reaches New Heights
The price of bitcoin was really on a roller coaster in 2021. High peaks were achieved, but also deep valleys were defied. There is little reason to believe that this will be any different in 2022. Who knows, bitcoin will become the first for the first time next year magic milestone of $100,000 to achieve. According to many analysts, this opportunity is definitely there.
5. Ethereum takes on Bitcoin
In the next year, some big events are on the agenda for the second-largest cryptocurrency ethereum (ETH). If everything goes according to plan, the much anticipated ETH 2.0 merge will take place. This will make ethereum hugely attractive to crypto investors and many of them believe that ethereum could make a nice catch up against bitcoin in 2022.
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