In 2021, digital assets had a banner year, and the next year should see cryptocurrencies reach higher heights. In 2021, cryptocurrency investors had another roller-coaster journey. Almost every cryptocurrency, from Bitcoin to Dogecoin, hit new highs and saw massive gains. However, in May, about half of the market’s worth was wiped off in just seven days. In September, China’s crackdown against cryptocurrency grew to include a blanket ban on all transactions. Other notable crypto events in 2021 included El Salvador’s adoption of Bitcoin as legal tender, the explosion of meme tokens, and the sale of an NFT for $69 million. 2021 has been a year marked by the emergence of the first major crypto company, Coinbase, in April, growing participation from Wall Street banks like Goldman Sachs, and the approval of the first bitcoin exchange-traded fund in the United States. However, recent price volatility and increased regulatory scrutiny have dimmed bitcoin’s prospects. Experts warn that the market may be headed for a correction. With next year already shaping up to be another roller-coaster ride for digital currencies, this article examines some of the most prominent analysts’ predictions. Today’s market is more than just Bitcoin. Investing in cryptocurrencies is the new stock market. Stablecoins are another significant area regulators are expected to focus on in 2022, according to experts. These are digital tokens whose value is deter...
