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    Home » Crypto News » FOMO to Be a Main Catalyst for Crypto Adoption in 2022, Says BlockFi’s Co-Founder

    FOMO to Be a Main Catalyst for Crypto Adoption in 2022, Says BlockFi’s Co-Founder

    Author: Dimitar Dzhondzhorov

    Last Updated Dec 20, 2021 @ 13:03

    Flori Marquez thinks Fear of Missing Out will be a major catalyst that will drive cryptocurrency adoption next year.

    Flori Marquez – Co-Founder of the cryptocurrency custodian BlockFi – expects FOMO to be the main factor, which will drive digital asset adoption in the next year. She concluded that the other two elements will be the talent shifting from traditional industries to the crypto sector and regulatory clarity.

    FOMO Will Be a ‘Huge Driver’

    In a recent interview for Yahoo Finance, Flori Marquez – Co-Founder at BlockFi and Senior Vice President of Operations – opined that the digital asset industry has grown to such a level that many people in the USA will experience Fear of Missing Out (FOMO) in 2022. This will become a significant factor for a lot of investors to enter the market for the first time and thus accelerate crypto adoption:

    “We’re going to see more consumers across the US enter the space for the first time. And I think a huge driver is going to be FOMO.”

    Marquez noted that currently, people are much more open towards bitcoin and altcoins compared to five years ago. For example, she claims 1 in 10 Americans plan to give digital assets this year as a Christmas gift to relatives or friends, while 2/3 prefer to talk about cryptocurrencies.

    “And I do think that crypto has become a bit more digestible for the average consumer than it was five years ago.”

    Flori Marquez
    Flori Marquez, Source: Twitter

    Talented People Moving to Crypto

    According to Marquez, the second thing that will drive adoption next year is the “talent shifting.” She says the pandemic caused many experts to leave their previous positions and look for more prosperous job opportunities.

    BlockFi’s boss believes that cryptocurrency-related companies and fintech firms are attractive options as both fields present long-term solutions:

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    “And honestly, crypto and fintech have been a huge attractor to people that are looking to learn something new and expand their careers. So I do think that we’re going to see more talent shifting from other more traditional industries into crypto and the fintech sector.”

    Regulations Will Be Beneficial

    The last thing that could guide crypto’s adoption in the next 12 months is creating and implementing a comprehensive regulatory framework on the industry. Marquez believes that if the US watchdogs manage to solve the issue, investors and companies would feel much more protected to enter the market.

    Such is Michael Saylor’s opinion too. Not long ago, MicroStrategy’s CEO stated that clarity in the space would positively affect bitcoin and the alternative coins, while institutional adoption would accelerate shortly after. He concluded that setting proper rules could even decrease BTC’s volatility and raise its popularity among the general public:

    “There is a need for clarity. Crypto regulations and clarity in the industry would reduce the volatility in the bitcoin space and increase public confidence in bitcoin.”

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    Tags: Bitcoin Adoption Regulations United States
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    About The Author

    Dimitar Dzhondzhorov
    More posts by this author

    Dimitar got interested in cryptocurrencies back in 2018 amid the prolonged bear market. His biggest passion in the field is Bitcoin and he was fascinated with its journey. With a flair for producing high-quality content, he started covering the cryptocurrency space in late 2018. His hobby is football.

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