A new report fromBloomberg Intelligence projects U.S. could adopt cryptocurrencies by 2022 inspired by recent developments in the sector.
The report entitledGlobal Cryptocurrencies: 2022 Outlook notes that the U.S. may enact regulations to govern the sector in order to stay ahead of the curve after China’s growing ban on digital currencies.
In addition,Bloomberg says the growth of non-fungible tokens coupled with bullish price projections will potentially push the U.S. to adopt cryptocurrencies.
According to the report:
“Incentivized by China’s ban and the proliferation of revolutionary technologies such as crypto dollars and non-fungible tokens (NFTs), We expect the U.S. to adopt cryptocurrencies in 2022, with proper regulation. and the related bullish price implications. Stable currencies may be misnamed, as most currencies follow the dollar. Unlimited supply of fiat fiat currency is “legal tender” backed by a central government, such as the Federal Reserve, and with its own banking system, such as fractional reserve banking. It can take the form of physical cash, or it can be represented electronically, such as with bank credit. currency currency is a medium of exchange that defines value. should support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. rising prices, especially in Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. and Ethereum, which have limited supply.”
The report also projects that adoption could follow a potential increase in the value ofBitcoin yEthereum a decentralized open-source blockchain with smart contracts functionality. due to a continued decline in the yields of US government bonds.U.S. Treasury. and low stock returns.
You can read the full report here, in English.
More from the report
Among other statements in the report are:
- “Crypto assets showing divergent strength versus equities near the end of 2021 may portend continued outperformance of digital digital technologies are these electronic tools that have the ability to generate, store or even process data. assets in 2022.”
- “Is bitcoin waiting for a Fed end game? A major force for reversing expectations of Fed tightening in 2022 is a stock market an area or arena, online or offline, in which commercial dealings are conducted. crash, which may be a bit a bit is a basic unit of information in computing. of a boon for Bitcoin. The benchmark benchmarking is a method of comparing the performance of your asset or investment portfolio to that of similar assets to see whether there is a gap that can be bridged by increasing performance indicators. crypto, on its way to becoming a digital store of value, remains in price discovery mode and is a risk asset, and has been rising with the equity equity is the funds that would be returned to a company's shareholders if all of the company's assets were dissolved and all debts were paid off in the event of liquidation. tide.”
- “Bitcoin will face initial headwinds if the stock market falls, but to the extent that falling equity prices put pressure on bond yields and incentivize more central bank liquidity, the cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. may become the main beneficiary.”
- “The inability of U.S. Treasuries to stay above 2%, despite the widespread consensus consensus is achieved when all participants of the network agree on the order and content of the blocks in the blockchain. for higher yields, may be a leading indicator of a transition back to a more deflationary environment in 2022 that favors Bitcoin. The long a situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later. bond fell below the 2% threshold for the first time in February 2020, indicating the severity of the pandemic. Most risk assets followed in March.”
Bloomberg and cryptocurrencies
This year, the agencyBloomberg has made several forecasts about the crypto ecosystem, as well as analysis to the situation. For instance, in October he predicted, shortly before the Securities and Exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. Commission approved its first exchange-traded fund (ETF) that the agency would take such action soon . And so it was.
Before that, in the July fall the agency said it was more likely than not that by the end of the year BTC would be closer to USD $60k than close refers to the closing price; similar to the same term used in stock trading. to USD $20k.
Also, at the height of optimism, in March, the agency believed thatBitcoin llegaría este año a USD $400.000which we already know is practically improbable.