Bitcoin is a virtual coin that has been a kind of pioneer in the cryptocurrency market. It was originally created to replace fiat money and shake the traditional financial system.
Many other cryptocurrencies have been developed based on Bitcoin, and more will be created in the coming years. This cryptocurrency was created to be accessible to everyone, regardless of the region of residence and social status.
Already, the cost of one Bitcoin is more than 50 thousand US dollars. Although even a year after its creation, its price barely reached $1. What awaits Bitcoin in 2022?
Making any predictions about Bitcoin that will certainly come true is a thankless task. However, in this article, we will try to present you with the most likely scenario for the development of Bitcoin in 2022.
The upcoming boom of online investing
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The years 2020-2021 were marked by the invasion of coronavirus infection and a surge in interest in online investing. This trend is most clearly observed in the United States, where many citizens invest in the compensation paid by the state in connection with the coronavirus in IPOs and cryptocurrencies – including Bitcoin.
The high market capitalization, the steady rise in the price of Bitcoin, as well as its impressive characteristics as a cryptocurrency allow us to believe that this currency is waiting for an equally dizzying future.
Bet on Bitcoin: online casinos are switching to cryptocurrency
Online gambling received a huge boost in the complete closure of land-based casinos during the global pandemic. Bitcoin, as an anonymous, decentralized monetary unit, has become increasingly popular as a currency for deals between gamblers and online casinos. Today, most of popular gambling sites accept Bitcoins as payment and deposit replenishment.
With the introduction of blockchain technology in online casinos, money transfers that previously could take a day have become much faster and without unnecessary overpayments to intermediaries, which benefits both gambling providers and players.
It is also worth noting that online gambling is focused on the global market, which is another argument for using Bitcoin. As a result, both online casinos and players are subject to possible changes in the exchange rate. With digital money, there is no need to convert currency.
Bitcoin is out of politics.
The growth of the popularity of cryptocurrencies in 2022 is also inevitable due to their independence from various geopolitical events. Bitcoin is not political, unlike fiat money controlled by governments and corporations.
Gradually, the existing $86 trillion of “political” money will be replaced by a global and decentralized currency – Bitcoin. And it is unlikely that any of the authorities will be able to resist this.
Experts believe that Bitcoin and other cryptocurrencies will abolish the role of governments in the life of society. Just imagine – you can replace a bureaucrat’s work with artificial intelligence, smart contract, and blockchain…
Whether to invest your money in Bitcoin now or wait some more time and see its course changes, it’s up to you. However, the global trend suggests that in 2022, Bitcoin will easily be able to replace any online currency. Will you join the forward-looking monetary system now? The choice is yours.