Flori Marquez, the co-founder of BlockFi, believes FOMO will be the primary driver of bitcoin adoption next year. The other two components are talent inflows from conventional finance and simplified laws.
In an interview with Yahoo Finance, Flori Marquez recently claimed that the digital asset market has expanded to the point where many individuals would succumb to FOMO in 2022. This, in turn, will boost cryptocurrency adoption:
We’ll see an increase in the number of customers entering this market for the first time in the United States. And I believe that a significant motivating factor will be FOMO.
Marquez also highlighted that people are considerably more receptive to bitcoin and altcoins these days than they were in earlier years.
Indeed, I believe that cryptocurrencies have gotten more approachable to the typical consumer in the last five years.
According to Marquez, the second factor driving adoption in the next year will be “talent transfer.” As he notes, many specialists have begun looking for more lucrative and promising career prospects due to the epidemic.
The head of BlockFi thinks that crypto and fintech companies are good places to work because they both have long-term solutions.
Cryptocurrency and fintech have attracted a lot of individuals looking to acquire new skills and enhance their professions. As a result, I believe more talent will migrate to the cryptocurrency and fintech sectors from other, more conventional businesses.
Establishing and executing a thorough regulatory framework is the last factor that may impact adoption. Investors and firms would feel much more secure, according to Marquez, if US authorities could handle this problem. As a result, they will have greater confidence in this sector.
Michael Saylor also agrees. Not long ago, MicroStrategy’s CEO indicated that more transparency in this field would benefit bitcoin and hasten the implementation of the technology in institutions.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.