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BlockFi Co-Founder: FOMO will drive crypto adoption in 2022



 The co-founder of BlockFi expects prices to rise, new professionals and regulatory clarity. These factors will create a FOMO atmosphere for crypto adoption in 2022.


Flori Marquez, co-founder of cryptocurrency custodian BlockFi, said rising prices, new professionals and regulatory clarity would create a simmering FOMO atmosphere for crypto adoption in 2022. In an interview with Yahoo Finance on Friday , Marquez also spoke about industry growth in 2021.


Marquez said crypto had become "more digestible" for the average consumer than it was in 2016. She also listed other important growth factors in 2022. These are, for example, the large number of qualified specialists who will work in the crypto industry and clearer regulation.


The numbers she cited give reason for optimism with regard to growth in 2022. According to a BlockFi study, one in ten are planning to give away cryptocurrencies this year. It also said:


"About two-thirds of Americans like to talk about crypto. Five years ago, however, only one percent of people had ever traded crypto and 50 percent of Americans had never heard of crypto five years ago."

BlockFi's internal indicators also point to growing acceptance. In the first year since the reward card was introduced , 75,000 people registered. Marquez said that number is "absolutely huge because most fintech companies are hoping to get around 10,000 credit cards in the first year."


Even more interesting for FOMO in 2022 is the realization that "the majority of Blockfi customers, when they receive a BTC reward, don't sell it for cash."


These findings reflect how cryptocurrency adoption is evolving, especially among younger people. A recent CNBC poll found that 83 percent of millennial millionaires own cryptocurrencies . The "Hodling" is well received by BlockFi customers: 38 percent of them plan to keep their systems. Only 6 percent plan to cut their crypto investment in the coming year.


For Marquez, however, timing the new regulations and the new skilled workers who come into the crypto space is vital. She commented that crypto and fintech would especially attract those people who want to learn something new and expand their professional skills.


"So I think we will see more professionals moving from other, more traditional industries to the crypto and fintech sectors. And last but not least, we will get clearer regulation in 2022.

Just before Christmas, the Bitcoin ( BTC ) price is hovering around $ 48,000 . A deep FOMO atmosphere, which has been expected for a long time, could drive crypto acceptance and prices up in 2022.

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