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2021 was a good year for the crypto business. What does 2022 hold? Over the years, cryptos like Bitcoin and Ethereum have had their values rise to new all-time high prices. As expected, people’s interest in cryptocurrency investment has exponentially increased too. However, cryptocurrency plunges have been experienced. This is because the crypto business is still evolving each day. U.S. government officials, too, have shown an increased interest in the regulation of crypto.
It is natural for human beings to wonder about the future, especially in situations when the future seems uncertain. Investors in the crypto business on the bitcoin prime app are asking a similar question: what does tomorrow hold for the crypto industry? In communities where regulations are still not established, traders must rely on cryptography to protect their investments and trading interests.
In this article, we focus on crypto regulation, the adoption of crypto by companies and other organizations, and the future of crypto.
Crypto Regulation
Currently, investors and firms involved in the crypto business are operating without clear guidelines. However, recently, regulators have had plans to expand oversight to digital assets, such as crypto. This has resulted in many worries in the crypto world. Across the globe, laws and guidelines are being established by lawmakers to make crypto investment-friendly to investors and less appealing to cybercriminals. Investors are likely to suffer too if the regulations and laws established are too extreme.
Crypto regulation is expected to vary from state to state. In November, a bipartisan infrastructure bill was signed by President Joe Biden. The bill includes crypto tax reporting provisions, which could mean tracking crypto activity among investors. These new rules may also ease the process of reporting crypto for investors. It is also important to note that regulation may affect the price of cryptocurrencies. All in all, many experts find a reason to believe that regulation would be good for the crypto industry.
Adoption of Crypto
A good number of organizations are now taking an interest in the crypto business. For example, in March 2021, Tesla announced that they would accept the most popular cryptocurrency, Bitcoin. AMC is on a similar trajectory too. Despite owning crypto assets worth billions of dollars, Tesla has shown uncertainty in this regard. What would an increase in the adoption of crypto mean? At present, the use of crypto to make payment for goods may not make a lot of sense, but with increased adoption, this landscape might change with time, resulting in increased use. This will also cause the prices of cryptocurrencies to skyrocket.
Should I Invest in Crypto?
Well, yes and no. Because Bitcoin was worth nearly nothing in 2009 and is now worth about $44,000, one would argue that it is worth investing in crypto. The volatility of its price, however, raises doubt. The reality is that crypto is a speculative investment and, it is hard to make predictions about it considering its volatility and brief history. Experts advise investing in cryptocurrency in an amount that you are comfortable losing because it is a volatile investment. Other traditional investments such as real estate, are recommended.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.