Flori Marquez, co-founder of custodian cryptocurrency provider BlockFi said higher price movements, new capabilities, and regulatory clarity. will combine to create an atmosphere of FOMO or fear of falling off the car for crypto adoption in 2022, in an interview with Yahoo Finance on friday
Marquez suggests that crypto is “easier to digest” for the average consumer. And more than in 2016, she explained, the other key drivers for growth in 2022 are the wealth of skilled professionals working in the crypto industry and regulatory clarity.
“About two-thirds of Americans like to talk about crypto, which is more than if you thought five years ago. Only 1% of us have ever traded crypto and 50% of Americans have never heard of crypto when five years ago.”
What’s even more interesting for FOMO in 2022 is the revelation. “For most of Blockfi’s customers, when they get their reward in BTC, they don’t sell that for cash.”
These findings reflect broad adoption trends across the crypto space, especially among young people. According to a recent CNBC survey, 83% of Gen Y millionaires own crypto, 38% plan to hold it, and only 6% plan to reduce their crypto holdings over the next year.
For Marquez, however, new regulations and new capabilities entering the crypto space play a big part. She commented that crypto and fintech attract more people who want to learn new things and expand their careers.
“We think we will see more talent in the transition from other traditional industries to the crypto and fintech sectors, and the last thing I think we will see in 2022 is regulatory clarity.”
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