We titled this year’s report “The Great Reset” because we believe that’s what 2022 will mean for cryptocurrencies—a great reset of prices, expectations, and speculative interest across the industry. Every major tailwind that drove the cryptocurrency market higher from Q2 2020 to Q4 2021 turned into headwinds, resulting in one of the sharpest and fastest price drops we have seen to date.

Bull markets are where most investors make their money, while bear markets are where you fight to keep those gains. But there is a silver lining to longer-term pullbacks, as they encourage deeper reflection and give us all a chance to reassess what really matters and where we really want to spend our time. This is the season when everyone predicts what will happen next year and in the years to come.