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Chanpeng Zhao predicted the explosive growth of the introduction of cryptocurrencies in 2022
In 2022, the global acceptance of cryptocurrencies will jump from the current 5% to 20%. The main drivers will be Socialfi and Gamefi sectors Liquid staking . Such a forecast was given by CEO Binance Chanpen Zhao in an article for the Indian version of Fortune.
The head of Binance noted that 2021 was marked by “swift innovations” in the field of Defi. He allocated the above segments and NFT.
Zhao also indicated that a number of problems remain in Defi, especially in “creating complex financial instruments, ensuring liquidity and efficiency of capital, as well as in risk management”. He expects their solutions as the sphere develops.
Regarding India, Zhao noted the importance of supporting innovations in the blockchain and cryptocurrencies, regardless of the classification of assets.
According to Nasscom, it is expected that by 2030 the cryptotechnology market in the country will reach $ 241 million and potentially create 877,000 jobs. The organization also predicts by 2030 an increase in the influx of retail investors in digital assets to $ 15.6 billion with $ 6.6 billion at present.
“India will win because the crypto industry can provide financing opportunities for entrepreneurs, alternative sources of income for private individuals and more strong support to local developers,” Zhao said.
He emphasized that the country is ready to “become a leader in the field of blockchain and cryptocurrencies”.
“In addition to banking and financial services, the DLT technology can increase the effectiveness of transactions with land, supply chains, agriculture and corporate stability,” Zhao added.
Recall that the dynamics of Defi development, the GameFi and NFT boom, as well as other results of 2021 for the crypto industry, read in the analytical report of FORKLOG magazine.