Former Bitcoin.com CEO Stefan Rust, who previously predicted a sharp rise in the cryptoindustry, believes that bears will come to the market next year.
Stefan Rust, Founder and Head of Sonic Capital, a cryptocurrency fund, and Hydro Labs, a decentralized financial incubator,
considersthat in 2022, investors will face a decline in the cryptocurrency market. In his opinion, this will not be unusual after the growth cycle.
“We have to be careful because the market will go down next year. It will collapse. Cryptocurrency may not always be great. We experienced a fall in 2018, we had a big boom, and we fell again. I have gone through this roller coaster four or five times and I know cryptocurrencies will fall again.
Rust believes that demand for blockchain space will grow significantly in 2022 as many cryptocurrency-based solutions emerge.
“As digitalization progresses, all aspects of our life and business are tokenized. We see the growth of stablecoins, the emergence of digital currencies of the Central Bank, all of this will begin to be tokenized next year. What is needed for this? Infrastructure, roads. In the blockchain world, it is a block space. We will need more space in the blocks for new project codes. As a result, the size will become very important and the expansion of the blocks will become a trend direction. ”
Stefan Rust is confident that with the development of the metaverse, more resources will be needed. According to him, project developers will have to increase the power and speed so that the metaverse can develop at the same pace or faster.
“Each metaverse will require tremendous computing power. If it is distributed over the network of validator nodes, these validator nodes should work without failure for a long time, have enormous computing power and a large volume of I / O operations. ”
Former Goldman Sachs hedge fund manager and CEO of Real Vision TV Raoul Pal is not worried about the drop in bitcoin from $ 68,000 to $ 47,000. He believes the correction is driven by profit taking by institutional investors. Former CEO of Bitmex Exchange Arthur Hayes predicts a bearish cryptocurrency market and urges investors not to panic, but to consider the prospects for NFT and
metaverse, which are less dependent on the economic situation.
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