Weakness in the cryptocurrency market is offering a sober outlook at bullish forecasts.
Highlights
- Weakness in the cryptocurrency market is offering a sober outlook at bullish forecasts.
- Many suspect Bitcoin and other digital assets are entering a crypto winter.
- But evangelists aren’t backing down from calls for widespread usage and rising prices.
- High-profile figures have backed cryptocurrencies including a recent wave of politicians and athletes accepting paychecks in Bitcoin, adding to the hype around projected mass adoption.
- In 2021 – a breakout moment for digital assets – ownership increased 178% to 295 million investors, according to Crypto.com CEO Sam Bankman-Fried said there’s a real chance of reaching the 1-billion milestone.
- Despite obstacles, bulls see usage growing this year.
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