Co-founder of BlockFi – Flori Marquez – says FOMO will be the main factor driving crypto adoption next year. The other two are talent moving into the sector from traditional finance and clearer regulations.
FOMO will be a “huge driving force”
In a recent interview with Yahoo Finance, Flori Marquez stated that the digital asset industry has grown to such a level that many people will experience FOMO in 2022. This, in turn, will accelerate cryptocurrency adoption:
We’re going to see more consumers across the United States enter this space for the first time. And I think FOMO is going to be a huge driver.
Marquez also noted that people are much more open to Bitcoin and altcoins these days compared to previous years.
And I actually think cryptocurrencies have become a bit more palatable to the average consumer than they were five years ago.
Talents and regulations
The second thing that will drive adoption next year, Marquez says, is “talent displacement.” The pandemic has led many professionals to seek out more lucrative and forward-looking job opportunities.
The boss BlockFi believes that crypto and fintech companies are attractive options for employees because both fields offer long-term solutions:
And honestly, crypto and fintech have been a huge magnet for people who want to learn something new and advance their careers. So I think we’ll see more talent moving from other, more traditional industries into crypto and fintech.
The final thing that could affect adoption is the creation and implementation of a comprehensive regulatory framework. Marquez believes that if U.S. regulators can solve this problem, investors and companies will feel much more protected. This, in turn, will make them feel more confident in this area.
This is also the opinion Michael Saylor. Not long ago, MicroStrategy CEO stated that clarity in this space will positively impact bitcoin. It will also accelerate institutional adoption.
My interview with @emilychangtv he @BloombergTV tonight covered $MSTR tripping down on #Bitcoin as well as my thoughts on regulation, the significance of El Salvador, and the role of Bitcoin as an institutional grade digital asset. pic.twitter.com/0oPOmk44kE
— Michael Saylor⚡️ (@saylor) September 17, 2021
