Lark Davis, a crypto investor, is going to reveal top 8 shocking cryptocurrency predictions for 2022. These events are going shake up the markets.
BTC ETF
The first prediction surprise surprise 2022 is going to be the year that we get a spot Bitcoin ETF for U.S markets. Futures EFT for U.S markets has no good ETF product, we wanted the spot Bitcoin ETF.
One country with more than 50% of the total value in global markets is just in U.S markets. We’ve already seen great success with spot Bitcoin ETFs because this one here is the Canadian. Only two percent of global equity markets have already been doing this fantastically.
There’s a massive demand for it and this ETF shows it. Therefore, when we see an ETF coming into U.S markets, it unleashes a tidal wave of money that can enter the markets
Central Banks buy Bitcoin
Next, Lark believes a major Central Bank is going to add Bitcoin to their balance sheet. We have seen a lot of countries and territories in the world accepted Bitcoin as a payment method, such as Iran, Venezuela, El Salvador, France, Russia. We can see a long-term super crypto-friendly country but we’re going to see a major central bank doing that in 2022.
We already have sovereign wealth funds which are buying Bitcoin earlier this year or Singapore’s sovereign wealth fund had been buying Bitcoin. The UAEs also going to start buying cryptocurrencies.
The next countries that are going to accept Bitcoin are Ukraine, which has been very crypto-friendly. Panama is still kind of a slave to the U.S dollar, they can break those chains and take Bitcoin on board. Tonga which just gets screwed by these remittance companies they would be another great candidate for Bitcoin and making Bitcoin accepted.
Ethereum Drops
The next prediction is about Ethereum. Ethereum is going to drop below 50% of the total value locked (TVL) on-chain. The TVL has actually grown by a total number. However, its market share has fallen all the way down to 66%.
All of those crushing fees are seeing users flock over to Binance Smart Chain. They’re going over to Solana, Avalanche, or Polygon. We are seeing layer 2 for Ethereum also being adopted but 2022 is the year Ethereum’s market dominance in terms of DeFi total value locked.
The total value locked on Ethereum could continue to grow. It’s just going to grow faster on the other chains because they’re more appealing to new users who can’t afford to pay stupid amounts or just don’t want to pay stupid amounts of fees anymore.
XRP Wins
Next, let’s talk about Ripple (XRP). XRP is going to win its court case versus the SEC. The SEC has basically been a big schoolyard bully at this point. The SCC has put regular investors into. Traders can’t invest in token sales, can’t get airdrops, can’t do certain kinds of trading. There are all kinds of uncertainties about even the tokens themselves are listed on exchanges.
Gary from Goldman, the head of the SEC, has come out and said the vast majority of tokens listed on exchanges probably are securities.
If Ripple wins this court case, it will set a major precedent and will put the schoolyard bully the SEC in their place. Ripple would be a net positive for the industry. But if the SEC wins, it then gives them a precedent to be able to go after a wide range of other tokens.
Facebook Surprise
The next prediction is about Facebook. Facebook is a great candidate because they have 60 billion dollars in cash, which of course is suffering from the same inflation. Everybody else’s dollars suffer from but when you have 60 billion dollars being inflated away.
Facebook enables Bitcoin in their Novi app so the Facebook Novi app can allow for stable coin transfers within the U.S.
They’re moving into the metaverse and already doing crypto stablecoin transfers. It’s only a matter of time before we see Facebook take a billion or two billion of cash.
Dogecoin, Shiba Inu Fall
The next prediction is cat meme coins. Cat Meme coins are gonna overtake the dog mean coins. Every dog has its day, Shiba, Doge, Floki Inu coin has had their day. At this point, it’s time for some good old-fashioned cat meme coins to just rock it up. Those will continue to be popular in 2022.
10 Trillion
Total market cap for all cryptocurrencies combined is gonna cross 10 trillion dollars in 2022. We’re at the start of a bear market over the last week or so. We’re not in a bear market, we are in a consolidation accumulation phase within our wider market structure. Back in November, we saw the entire cryptocurrency market cap all the coins combined almost hit three trillion dollars. That’s only about a 3.3 x from the all-time high market cap to get up to 10 trillion.
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Read more:
- 5 Ways to Get Crypto Rich in 2022, According to Davis Lark
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