Stefan Rust predicts the fall of the cryptocurrency market in 2022
Stefan Rust, who was previously CEO Bitcoin.com, not so long ago I was talking about the rise in the field of cryptocurrency. However, the following year he predicted the arrival of the “bears”.
As you know, at one time Stefan Rust created and managed the Sonic Capital cryptocurrency fund, as well as the Hydro Labs decentralized financial incubator. He suggests that in 2022 investors will see a collapse in the cryptocurrency sphere. At the same time, he considers this phenomenon quite common after a certain period of growth.
Rust stressed that it is necessary to be on the alert in connection with the fall of the market in 2022. Cryptocurrency swings are inevitable, and therefore, after the rise, a collapse is coming. He recalled the collapse in 2018, then the huge growth and fall of the cryptocurrency again. Rust has experienced such a roller coaster 4-5 times, so he is so confident in his words.
In addition, Rust predicts the emergence of significant demand for a place in blockchains in 2022. This is explained by a number of new solutions in the cryptocurrency sphere.
The spread of digitalization to all areas of human life and types of entrepreneurship leads to tokenization. There is an increase in stablecoins, digital currencies of the Central Bank are being created. And all this is also subject to tokenization. According to Rust, this will require roads and infrastructure. In the field of blockchains, it is a space of blocks. You will need more space in the blocks where the codes of new projects will be placed. The bottom line is the importance of sizes that will make the expansion of blocks a prestigious niche.
Rust’s confidence is also visible in the fact that there will be a demand for resources when the metaverse begins to develop. Project developers will be forced to increase the speed and power to develop the metaverse at an even greater pace.
Each metaverse will require gigantic computing power. In the case of its distribution over the network of validator nodes, trouble-free and uninterrupted operation, large-scale ability to calculate huge volumes of I/O operations will be important here, Rust notes.
In turn, Raul Pal, who previously led the hedge fund Goldman Sachs, and is now the CEO of Real Vision TV, is not worried about the fall of bitcoin from 68 to 47 thousand dollars. In his opinion, this is caused by profit-taking by institutional investors. Arthur Hayes, ex-CEO of the Bitmex exchange, predicts a “bearish” digital currency market, urging to leave the panic, and it is better to consider the prospects of the NFT and the metaverse. They are least likely to be affected by fluctuations in the economy.