Benajmin Bilski, CEO of Naga, the award-winning social broker, gave his vision about the future of Bitcoin and the most popular altcoins.
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How will the cryptocurrency market develop in 2022? This is the question that every trader asks himself in this new year that begins.
Bitcoin (BTC) started 2021 breaking records with a value of USD $29,000, and reached an all-time high in price in November, after surpassing USD $67,000 for the first time.
In the last weeks of the year, the market experienced a significant price correction that affected the main cryptocurrency and has been maintained in 2022. At the time of publication, BTC is trading slightly below 40,000 US dollars.
On the other hand, Ethereum (ETH), the second largest cryptocurrency by market capitalization, grew from $700 in early 2021, to a price high near $5,000 in November. The price of the asset, which was also affected by the fall, is currently around USD $2,800.
In light of this scenario, cryptocurrency specialist, Benjamin Bilski, CEO and founder of NeoBroker NAGA, and selected in the list of Forbes 30 under 30 in 2018, he shared his vision about what awaits the cryptocurrency market in the coming months.
How will the cryptocurrency market develop in 2022?
It is certain that other currencies will be established besides, for example, BTC. In my opinion, ETH has huge growth potential. The problem with Bitcoin – explained Bilski – is that the limit of its growth is already visible. This is not the case for other cryptocurrencies, which will grow even more strongly, which will also be reflected in the media, both specialized and non-specialized, and of course within communities and forums.
Will Bitcoin continue to be the leader in the industry?
Obviously Bitcoin will continue to be very relevant. However, other currencies will experience strong periods as well. Ethereum, Cardano (THERE IS), Solana (SOL) y Tether (USDT) – continued the founder of DRAGON – are among them. Not forgetting the coins that are fueled by the constant hypes surrounding Elon Musk’s posts.
More and more tokens and digital currencies are coming onto the market. When will we face stricter regulations? How will these look?
I imagine that, in addition to the more forceful indications by the platforms, government intervention will also gain more and more influence. I also think that from then on, when politics intervenes, many things will be done wrong. Finally, the most important fact is that shareholders educate themselves instead of simply relying on any kind of regulation.
About NAGA
NAGA is a FinTech based in Germany, which is listed on the Frankfurt Stock Exchange, and its Social Trading platform has more than 1 million registered users.
Your system’copy-trading‘ has caused interest, since it allows through the monitoring or copying of others’ operations ‘traders‘, make investments based on specific references and thus improve the strategies that each trader carries out, also rewarding the most popular users. According to the latest official quarterly report, NAGA generated profits of USD$21 million in the third quarter of 2021.
Press release
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text of Javier Colussi edited by DailyBitcoin
Picture of DRAGON
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