Whats the next year look like for Crypto? Well it’s anyones guess as the moment as experts from Jesse Powell, Willy Woo, Plan B, Raul Pal and myself included were all caught off guard by Bitcoins movement over the past six weeks. We’re in a history breaking scenario that is being led not by fundamentals, or cycles…but by pandemic politics and growing volatility in the global economy. But 2021 was the year crypto went mainstream in the minds of many…but it’s still years off from being adopted by the masses. Remember in 1994 when the Today Show asked (insert today show clip). So just because blockchain is mainstream doesn’t mean people know what it is. That’s why 2022 is shaping up to be the year of FOMO.
Let’s get it!
Welcome to BitBoy Crypto. Home of the Bitsquad, the largest crypto community in all of the interwebs. My name is Ben. Every day on this channel I show YOU how to MAKE MONEY in Crypto. If you like money and crypto then make sure to hit that subscribe button. If you wanna go deeper into crypto, make sure to check out bitlabacademy.com. In this video we look at some scenarios that could lead to some serious crypto fomo in 2022.
If the cycles really are extending then it’s going to be a wild ride in 2022. You can tell the data is shifting but still bullish because you are seeing the crypto institutions e setting themselves up for a big year next year. If you need proof of this look no further than Flori Marquez over at Blockfi. Flori was on Yahoo Finance the other day and talked about how crypto FOMO is going to set in among the general public in 2022.
**CLIP OF FLORI talking about how crypto has become more digestible for the regular consumer.**
I totally agree and I like to think this channel and YOU the Bitsquad were part of making crypto easy to understand. Since you’re here, go ahead and smash that like and subscribe button, that puts you in the Bitsquad which gives you the best tools and info to learn more about crypto.
Flori is right on the money and there is a lot of sound reasoning behind that. There was a shocking stat that came out saying 1 in 10 people plan on gifting Crypto this year. That’s huge. Just think about how far crypto has come since 2019 when hardly anyone but a few knew about it. Now Bitcoin is being discussed in the halls of congress as a possible new reserve currency. More on that in a minute.
Retail investors and consumers are looking for a new class of asset because everyone is scared about the future. They can see inflation stealing from them in real time now. Those of us who got orange pilled years ago have seen this coming and we’re glad people are finally listening. Just look at this graph comparing the inflation of Bitcoin to the inflation of Dollars.
That’s what we’ve been saying to the people for years now…but it only starts to hit home when things like the price of gas increases.
This is hitting people hard in the checkbook and it’s a wakeup call. But it’s not just inflation crushing the middle class, it’s the fact that crypto has been innovating fast enough to offer solutions. Just look at the crypto credit cards that are available now: Coinbase, Blockfi, Arculus, Sofi, Gemini and our channel favorite Crypto.com. These are seeing explosive growth this year and 2022 is not going to slow down. The encouraging part is that the people who are using these cards to earn crypto…are hodling the crypto they earn. They see the value in it and are thinking long term. Thankfully we’ve got a deal with crypto.com and you can find that on Bitboycrypto.com/deals for a sweet bonus on the crypto.com card.
For all of the volatility this year…Bitcoin and Ethereum are up for the year, crushing any mutual fund or standard investment product… and that alone is something to talk about around the Christmas tree this year. It’s not just a blockchain discussion it’s a real number you can point at. As of this recording Bitcoin is up over 90% for the year and Ethereum is up a staggering 501%. No one can say these don’t perform and there isn’t value attached to them. Their value IS intrinsic. Bitcoin is an immutable ledger of transactions that is public and can’t be hacked and is decentralized. Ethereum is the next evolution of the internet and allows for digital ownership through smart contracts. Two years ago all the major banks were making fun of Bitcoin…now all of them are buying as fast as they can. JP Morgan, Goldman Sachs, Chase, Citibank, UBS, Morgan Stanley just to name a few. A lot of people don’t know that…but in 2022 they’re going to start seeing Bitcoin and Ethereum funds show up on their prospectus and from there a lot of discussions are going to be happening with fund managers that barely know a Chainlink from a Shiba Inu.
So it’s not just price that’s going to drive the FOMO, but some much needed government clarity is going to really open up crypto to the masses. Yes you can watch TV and see commercials for crypto everywhere but in day to day it’s rare to see a Satoshi. All that will change as the US and other world governments start to embrace crypto. With any luck we’ll see the approval of a Bitcoin Spot ETF, the end of the Ripple SEC case, Bitcoin Mining legislation and even cryptos being used at Walmart or Amazon. Millions of people are going to be asked question from the IRS about their crypto holdings in 202 when they file their taxes. Oracles like Chainlink and The Graph are being integrated with more mainstream technologies like weather forecasts.
Comment below with your favorite ways to spread the gospel of crypto to your friends and family and don’t forget to smash that like and subscribe button.
Take some time for your family and friends this year and look for a chance to talk about crypto…and not Shiba Inu…ugh….Crypto is here to stay so the earlier you can get people interested the better.
That’s all I got. Be Blessed. BItboy Out.
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