As the new year fast approaches, people are thinking about what they can do to make 2022 even better than 2021. With so much anticipation for cryptocurrencies in the coming year from government lawmakers and market action, It’s no wonder that some in the crypto industry are making ambitious resolutions for the new year with how they will help improve the industry.
National governments have taken steps to increase global adoption of blockchain technology through the end of 2021. At the end of the year, the governments of Australia, Kazakhstan, Brazil, and the Eastern Caribbean launched, or made public, their plans regarding the currencies. central banks (CBDC). The United States Senate heard testimonies from crypto executives in December, and the Thai government pledged to issue a cryptocurrency regulatory framework by 2022.
As for the bull market, no one really knows what will happen. Some analysts believe that the four-year market cycle has been broken, indicating that the bullish rally will continue well into 2022. However, bearish signals persist despite the strength of Ether (ETH) and altcoins, which makes a stronger case for the argument that, at this time, things are different.
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