Lost Profit Syndrome will be the main impetus for cryptocurrency adoption next year

Briefly:

  • BlockFi co-founder predicts further growth of the crypto-sphere in 20140 year
  • benefits and accessibility of markets to the common man in the street next year. The main drivers of the industry will be Profit Loss Syndrome (FOMO), improved regulatory clarity and broad market access.

Marquez shared her opinion on this in an interview. Its main position regarding the industry as a whole is that the industry has become much more accessible than in 2021.

Binance CEO Changpeng Zhao came to a similar idea, who recently talked about the advantages of digital currencies (CBDC) and their integration. More about this in our material.

Marquez relies on statistics for his thinking. According to a study by BlockFi, every tenth American is going to donate cryptocurrency to friends and family on New Year’s Eve.

“Today, two-thirds of our country’s citizens are ready to talk about cryptocurrency. Five years ago, this topic was of interest to about 1% of the population, while half of the people had never heard of it, ” – notes the business woman.

This is already indicated by the internal indicators of BlockFi. Since the integration of the BlockFi Rewards Visa Signature credit card system, an application for account registration has been submitted 75 thousands of people. According to Marquez, usually financial tech corporations expect to sell no more than 10 thousands of subscriptions.

It also indicates that the target audience of the cryptocurrency market is constantly growing. More and more young people are thinking about buying digital assets, at least for hedging funds.

What is FOMO?

FOMO: what is it and how to deal with it?

Today we will talk about one of the most destructive phenomena in the crypt, which many underestimate – FOMO. Who came up with this name, what are the reasons for the occurrence of FOMO and most importantly – how to deal with it!

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