FOMO will drive crypto adoption in 2022, says BlockFi co-founder

Flori Marquez, Co-Founder of Cryptocurrency Custodian BlockFi, said that upward price movements, new talent and regulatory clarity will all combine to create a bubbling FOMO atmosphere for crypto rollout in 2022. In an interview with Yahoo Finance on Friday, Marquez also said divided Insights into industry growth in 2021.

Marquez suggested that crypto has become more “digestible” for the average consumer than it was in 2016. She stated that other important growth drivers in 2022 will be the wealth of qualified experts working in the crypto industry and the clarity of regulation.

The statistics she cited form an optimistic basis for growth in 2022. According to BlockFi research, every tenth person plans to give away crypto this year, adding:

“About two-thirds of Americans prefer to talk about crypto. If you think back on five years, only 1% of people had ever traded crypto and 50% of Americans had never heard of crypto five years ago. “

BlockFi’s internal metrics also indicate growing adoption. In the first year of his Reward Card Operations, 75,000 people signed up. Marquez pointed out that the number is “absolutely huge since most fintech companies want to see around 10,000 credit cards in their first year.”

More interesting for FOMO in 2022 is the reveal that “the majority of Blockfi customers – when they receive a BTC reward, they don’t sell it for cash”.

Related: Robinhood allows US users to give away crypto for the holidays

These discoveries reflect broader adoption trends across the crypto space, especially among younger people. A recent CNBC poll found that 83% of the Millennial millionaires now own crypto. “Hodling” is catching on with BlockFi’s customers, 38% of whom plan to hold on and only 6% plan to reduce their crypto exposure in the coming year.

For Marquez, however, it’s the festive time of New Regulations and new talent is coming into the crucial crypto space. She commented that crypto and fintech are very attractive to people who want to learn something new and expand their careers.

“I think we’ll see more talent shifted from other more traditional industries to the crypto and fintech sectors. And the last thing I think we’ll see in 2022 is some regulatory clarity. “

Since families get together with bitcoins during the holiday season (BTC) Price stable over $ 48,000. keep, a deeply ingrained, long-awaited FOMO atmosphere could drive both prices and adoption in 2022.

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