The year 2022 is the beginning of an era for a lot of things. In the world of Bitcoin and cryptocurrency, this is when we’ll see whether or not digital currencies will be able to break into the mainstream and successfully compete as a new form of cash or store of value. Or, will they remain mostly as an investment vehicle primarily used by early adopters and traders? In this blog post, we’ll explore why the year 2022 is the new beginning for Bitcoin and what events might take place in the upcoming few years that will impact its adoption and price.
The Beginning of a New Era: What Events Will Shape Bitcoin?
The year 2022 will mark the 10-year anniversary of the famous Bitcoin whitepaper being published. This is the year that Bitcoin entered the mainstream. Since then, we’ve seen Bitcoin go from $3 to $19,000, and then back down to $3,600. The next 10 years will be a new chapter for the world’s leading cryptocurrency. Here’s what to expect in the next decade. Mass adoption: - Once the public realizes that crypto is real and its potential, we’ll see a surge of adoption. Currently, most crypto users are traders and investors. In 2022, we expect the number of people using crypto for daily purchases to increase significantly. A new protocol for communication and exchange: - Blockchain technology is evolving at a rapid rate. New protocols and decentralized apps based on blockchain technology are being created every day. In 2022, we expect the communication and exchange protocol of blockchain technology to shift gears. The initial focus on cryptocurrency trading will likely shift to the communication and exchange of value across the globe.
A New Protocol for Communication and Exchange
We’ve already seen the beginning of this shift with the rise of blockchain-based social media platforms. Steemit has already become a go-to social media platform for the crypto community with millions of users. We expect to see blockchain-based communication and exchange platforms begin to emerge. This new protocol for communication and exchange will revolutionize the way we communicate. With the emergence of blockchain-based communication and exchange platforms, people will have the ability to communicate and exchange value without the need for third-party intermediaries like Airbnb or Uber. The blockchain will enable users to create decentralized applications that can let them communicate with friends, order food, or hire a ride without third-party involvement.
Conclusion
The year 2022 is the beginning of a new era for Bitcoin and other cryptocurrencies. Once the initial hype surrounding Bitcoin and the future of blockchain technology die down, we’ll start to see whether cryptocurrencies are here to stay or if they are just another fad that will disappear in a few years. The next decade will be crucial for Bitcoin and other cryptocurrencies. Once the public realizes that cryptocurrencies aren’t just a short-term investment opportunity, but also have the potential to transform the way we communicate, transact, and exchange value, we’ll see an era where digital currencies become the new standard of money.
