With the markets down 50% from their November peak, the question on everyone’s minds is:
Is this cause for concern?
Historically speaking, no, it is not.
Bitcoin and the crypto markets have suffered plenty of massive price drops since their inception. Each time, the market has recovered. When in doubt, zoom out.
What's Coming?
Beyond bitcoin, a number of exciting trends have gained steam in the past few months. Here are the three themes we have our eyes on:
- Decentralized Autonomous Organizations. DAOs are entities with no central leadership. Decisions get made from the bottom-up via proposals with governance functions like voting performed by the community. DAOs usually organize around a shared purpose or set of values
- Sustainability. One of the hottest topics for bitcoin advocates and skeptics alike centers on the crypto’s energy consumption. Want to do a deep dive into mining? Learn more by listening to this podcast episode that takes a deep dive into this topic.
- DeFi. Decentralized Finance created a world of permissionless, blockchain-based financial services allowing for the lending and borrowing of assets without a middle man. DeFi has seen explosive growth, with currently over $75 billion of funds locked in a multitude of ecosystems. Expect DeFi to continue its rapid growth in 2022.
We are still early to cryptocurrency and its infrastructure is being laid out before our eyes.
There is still so much to look forward to in this space and we can’t wait to see what 2022 has in store.
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