The COVID-19 pandemic in 2021 wreaked havoc worldwide, putting people’s lives and livelihoods in jeopardy. However, because of unprecedented monetary stimulus from central banks throughout the world, the cryptocurrency sector achieved a pinnacle boom last year. The total market value of cryptocurrencies soared from US$760 billion in January 2021 to US$2.8 trillion in December, with Bitcoin’s market value eventually settling at US$874 billion after reaching US$1.3 trillion in November.
In light of this, the Babel Finance asset management research team predicts how the crypto-asset markets will develop in 2022 in this paper. The following are some of the report’s significant predictions:
Star fund managers, Wall Street giants, and ordinary investors flocked to the cryptocurrency space. El Salvador was the first country to adopt bitcoin as legal tender in 2021; will other countries follow suit?
The report also highlights 2021 developments and an in-depth analysis of the 2021 crypto-asset market. Babel Finance’s asset management research team is confident that the global economy is still in a state of expansion, and tight monetary policy will not kill the bull market, but it will create great volatility and the opportunities that come with it.
Babel Finance and its experts will continue to monitor crypto-asset market trends and threats. It will look at the regulatory and supervisory implications of the global crypto-assets market to pivot market opportunities and threats. Contact us for a copy of the 2021�2022 Crypto Asset Market Report to learn more about Babel Finance’s findings.
Notes to editors and readers
The report is based on the author’s own research, analysis, and judgment and does not constitute an investment recommendation. Babel Finance assumes no responsibility for any consequences that readers may have.
Babel Finance is a global leading crypto financial services provider, offering institutional and HNWI investors professional services covering crypto lending and crypto trading.
The company is backed by prominent investors, including Sequoia Capital China, Tiger Global Management, BAI Capital, Zoo Capital, Dragonfly Capital, and NGC Ventures.
With a business focus in Asia and a business headquarters in Singapore, Babel Finance has established close cooperative relationships with major global exchanges, custodians, investment funds, and mining institutions.
#BabelFinance
The issuer is solely responsible for the content of this announcement.
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