Bankless 10 Predictions About Crypto in 2022 with Ryan Selkis
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Dec 15, 2021 Ryan Selkis, the Founder and CEO of Messari, delves into the future of cryptocurrency with sharp insights from his extensive 'Crypto Theses for 2022' report. He discusses the decline of traditional institutional trust and how Web3 innovations can restore credibility. Selkis highlights the implications of China's crackdown on crypto and the potential for the U.S. to embrace this technology. The conversation also touches on the explosion of NFTs, Ethereum's growth, and the regulatory challenges ahead, as well as predictions for what's next in the ever-evolving crypto landscape.
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Collapse of Institutional Trust
- Institutional trust is collapsing, with governments and media perceived as incompetent and unethical.
- Crypto offers an alternative model, aligning incentives and encoding values for ethical and competent operation.
Crypto's Inevitability
- Crypto's multifaceted nature offers various entry points for users, increasing its inevitability.
- This is driven by aligned incentives, user ownership, and diverse use cases catering to different needs.
Inflation and Crypto
- Persistent inflation above 5% in 2022 will prompt Fed rate hikes, impacting stock markets.
- This benefits crypto short-term, but medium-term risks arise from a potential Biden administration crackdown.