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๐ŸŽ“ 3 important predictions for the cryptocurrency market this year

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The cryptocurrency market is growing dramatically in the world, and we see that many countries have started to adopt and accept cryptocurrencies, but since this world is very volatile, we will mention in this article 3 important expectations for the cryptocurrency market this year. .

1- Invest in cryptocurrencies:

Many companies have invested in Bitcoin, such as the Tesla company led by Elon Musk, entered into this investment and participated in about 1,500 million dollars in Bitcoin in 2021, and also, Block Inc (formerly known as Square) invested more than 200 million dollars in Bitcoin. Bitcoin There are also a large number of companies that have invested in Bitcoin.

Is it safe to invest in cryptocurrencies?

And if the prevailing trends go well, cryptocurrency investments will continue to increase in the second, third and fourth quarters of the year, and these investments may be from companies and ordinary people, since analysts expect that one billion people will own cryptocurrencies by the end of the year. final. end of the year.

2- Decentralized Finance (DeFi):

One of the most important things that made cryptocurrencies have a strong continuity is their use of DeFi, as this procedure ensures that intermediaries are resolved in financial interactions, and therefore the blockchain ensures that third parties are left behind. excluded from transactions.

DeFi

Everything indicates that the area of โ€‹โ€‹decentralized finance for cryptocurrencies will grow at massive speed this year, like the growth of Web3, from the demand for DeFi services and financial transactions.

3- Regulations and laws:

The rise and development of the cryptocurrency market means that more governments are getting interested in this world, and this means that there is more investment and regulation, as regulatory agencies around the world are starting to look at the cryptocurrency market.

Through these actions, regulation can be increased, particularly in the legal aspect where certain clarifications are still needed on issues such as smart contracts.

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