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Today, currency is primarily a fiat currency system, meaning currency is backed by the government. However, as our world becomes increasingly digital, currency has been changing too.

In 2022, you’ll find that most currency is in the form of cryptocurrencies – virtual tokens for use with smart contracts and decentralized applications on a blockchain. If you don’t know about cryptocurrency, let’s have a look at what this is in simple words.

“Cryptocurrency is a form of digital currency that is created and stored electronically. It was created to replace traditional currency, fiat money, because it allows for the transfer of value without the need for a financial institution. It is also anonymous and can be used to purchase goods or services.”

Many people today are very much interested in investing in crypto. But the question is, which crypto to invest in, as there are so many (8000+). Often, people also have the following questions:

  • Does cryptocurrency have a future?
  • Is Bitcoin rising in 2022?

In this article, we’ll discuss some cryptocurrency future predictions. As it is a digital currency, that means we need to be secure and protected while making transactions.  

What was the state of cryptocurrency by the end of 2021?

2021 overall was an excellent year for digital currency. There has been about a 70% rise in Bitcoin value, which made the combined crypto value to about 2 Trillion Dollars in 2021.

In November 2021, 1 Bitcoin was about $69,000, the highest ever in history.

However, by the end of December 2021, it was sitting below $50,000. Despite this sudden crash, we can safely say that overall 2021 was the year for cryptocurrency. However, what about 2022? Let’s discuss some experts’ predictions about Bitcoin and other cryptocurrencies.

Predictions for cryptocurrency in 2022:

There has been a mixture of predictions about crypto in 2022. Some finance experts believe that Bitcoin will fall sharply in the coming months, and it is time for investors to take their investment out of it. Sussex University’s Finance Professor, Carol Alexander, is expecting that Bitcoin will be reduced to as low as $10,000 in 2022 which is a big statement. 

Some other predictions are the following.

Ethereum vs Bitcoin:

In 2022, many individuals predict that Ethereum may overtake Bitcoin as the most popular cryptocurrency. Bitcoin has been the leader in terms of Bitcoin market penetration, with Ethereum coming in second. Bitcoin may remain on top, but many are predicting that Ethereum will overtake Bitcoin as the cryptocurrency of choice.

Data Protection:

As the world is becoming more advanced technologically, hackers are also using advanced hacking techniques. Crypto markets claim to have secure and encrypted transactions. However, they are still working hard to avoid any chance of hacking into users’ personal data. 

More secure online transactions are the goal of many people in the Crypto world. To accomplish this, they must use a VPN Google extension which offers data encryption and hides their IP address while surfing the Internet. The problem with this is that some VPNs don’t encrypt data transfers or protect against malware, so users need to find a VPN addon that’s trustworthy and does what it says it’s supposed to do. We recommend VeePN for secure and encrypted online transactions and browsing. 

Acceptable as payment source:

According to experts, it is expected that by 2022, there will be a significant increase in cryptocurrency usage as a payment source. So, people who do online shopping can pay with Bitcoin or other cryptocurrency. Some online platforms are already accepting Bitcoins as a payment source.

Legal currency:

In just a few years from now, it looks like cryptocurrency will be more widely adopted as legal currency in many countries across the globe. And for good reason, too: in many ways, crypto is better than the fiat currency. 

The money is decentralized and easy to spend and send – all without any fee or taxation. Many countries, including Sweden and Canada, already allow for this type of payment; the number is only going to grow in the coming years.

Ways to use cryptocurrency in 2022:

Invest in early-stage startups:

Cryptocurrencies have become a financially viable option for startups to build innovative projects that have attracted millions of dollars in venture capital funding. With cryptocurrency becoming more mainstream, it is possible for investors to use crypto coins as an investment vehicle for speculative purposes or through investments in early-stage companies.

Shop online:

In 2022, digital currencies will be more common and widely accepted in many areas of the world. In addition to paying for goods online, cryptocurrencies can be used to complete purchases in stores or restaurants that accept them.

With a cryptocurrency wallet and a few taps on a smartphone, a person can make a purchase, order food at a restaurant, or buy gas from a gas station while avoiding the middleman.

Travel worldwide:

Travel worldwide by buying airline tickets with digital currency. You can purchase tickets for all of your travel needs directly from the airline company with Bitcoin. This includes airfare and hotel reservations; you can also book a rental car while there.

This is an easier way to get around, and it saves money on exchange rates, which often add up on international flights.

Make anonymous transactions:

With the rise of Bitcoin and other digital currencies, people can make private transactions with anyone in the world. This can be helpful for people who wish to send money anonymously. 

While it is possible to make anonymous transactions using cash, this method has its drawbacks because cash can be easily traced by banks if it is not properly laundered. 

With digital currency, whether Bitcoin or any other cryptocurrency, there are no negative consequences for being an anonymous user.

In conclusion, it is essential to be informed on the latest trends in the cryptocurrency space, so you can avoid making uninformed investments. It is also crucial to use a VPN while using the internet for data protection.



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