Bloomberg Cryptos Outlook – What to Expect in 2022 | Mike McGlone

Incentivized by China's ban and the proliferation of revolutionary technologies such as crypto dollars and non-fungible tokens (NFTs); we expect the US to embrace cryptocurrencies in 2022, with proper regulation and related bullish price implications. Stable coins may be misnamed, as most of them track the dollar. The unlimited supply of fiat currency should sustain rising prices, notably in Bitcoin and Ethereum, which have limited supply. What might trip up the advancing three musketeers - Bitcoin, Ethereum and crypto dollars - may be the more profound question for 2022, but we expect wider adoption to prevail and overcome most wobbles, like 2021's near 50% correction. Some normalization in stock-market returns and a continued decline in US Treasury bond yields may shine on Bitcoin and Ethereum in portfolios.

#crypto#bitcoin#investsmarter#cryptocurrencies#blockchain

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