Seven Cryptocurrency Trading Trends To Watch For In 2022

The world has seen the beginning and rise of cryptocurrency in the past few years. But there is a lot more to come. 2022 will come up with some unique trading trends much more than just bearish divergence and we’re here to give you a heads-up.

So let’s begin.

1) Integration into the travel and tourism industry

The popularity of cryptocurrency is increasing day by day. Many industries all over the world are making profits out of it. The travel and tourism industry, being one of the biggest global industries will soon see integrating with cryptocurrency. A travel industry called Travala laid the foundation of cryptocurrency as an acceptable means of payment earlier this year. Soon we will see more companies do the same. Customers will be allowed to pay using any digital coins they possess. This is in turn making transactions easier and convenient for both the customers as well as the company.

2) Introduction of accounts for cryptocurrency

Up until now, cryptocurrency has been stored in wallets. The wallet has a unique address specific to the owner that can be traced back to him due to the open blockchain system. However, in 2022, interest accounts for crypto will be started. Similar to regular bank accounts, these accounts will let you keep your cryptocurrency safe. It will gather interest over some time and can be considered a proper investment, instead of just a risky bet.

3) Levying taxes on cryptocurrency

As cryptocurrency is widely being accepted in the world, naturally it is going to be subject to taxes soon. Many countries are worried that the widespread use of cryptocurrency is likely to impact national economies severely. If taxes are not levied, countries can face major losses. Since large industries are invested in cryptocurrency, it is in the best interest of everyone that taxes be levied on it. Talks of the same have been going on since last year and 2022 will definitely see some strong steps in that direction.

Also, environmentalists have taken a stand that carbon tax should be put on cryptocurrency. It is said that mining crypto may have negative effects on the environment long-term. Without carbon tax, the value of these digital coins will harm the trading world as many goods and services will see a change in taxation. To avoid those long-term effects, a carbon tax might be levied on cryptocurrency as well.

4) Worldwide acceptance of cryptocurrency

As of now, cryptocurrency is not legal in all countries. Some countries such as China, Russia, Vietnam, Bolivia, Columbia, Ecuador, Turkey, Indonesia, etc. have banned cryptocurrency. Even in the US, some states do not consider it a valid currency. This is likely to change eventually. As the popularity of cryptocurrency grows, many nations have begun to see how beneficial it will ultimately be. Keeping this view in mind, 2022 may see some countries lifting the ban on cryptocurrency.

5) Entry of cryptocurrency into the national economic structure

As more countries begin accepting cryptocurrency, they are also making it a part of legal trading at a national level. Earlier this year, El Salvadore was the first country to accept Bitcoin as a legal tender in the nation. A proposal to the president was made for the same, after which the bill was passed to accept Bitcoin as a legal trading tender. Quite a few countries are anticipating the acceptance of digital coins as legal trading tenders locally. While some countries can see the long-term benefits, others are highly doubtful of the same. They see cryptocurrency as the flavor of the month, which might not hold enough value in a few years as the craze for it dies down.

6) Bitcoin ATMs

Experts predict that by next year trading cryptocurrency will be a whole lot easier. In fact, to make buying and selling easier, Bitcoin ATMs will be installed in many countries. Cryptocurrencies might get a physical form and will be accepted as a valid form of payment for regular purchases too.

7) Rise in crypto investments

The fear around cryptocurrency and its highly unpredictable nature and the risk factor are on the decline. People have started to realize the benefits of crypto trading in the long run. 2022 is likely to see the start of crypto investments as the most standard type of investment, just next to mutual funds and stock trading.

So now that you know what to expect in 2022, use this knowledge to make informed decisions and take safe risks. All the best!