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This year has seen a surge in interest in digital assets, with more investors putting money into the industry. Apart from the NFT frenzy, some businesses operated in the centralized sector, while others relied on the decentralized sector. With no big industry expected to take over next year, a BlockFi executive predicts that FOMO will boost crypto usage in 2022.

This year, Bitcoin has outperformed Gold

Fear of missing out, or FOMO, is a term used to describe a situation in which traders enter the market to avoid losing out on earnings. Flori Marquez, a BlockFi executive, honored a Yahoo Finance interview in which she projected several market occurrences for the future year.

BlockFi entered the market in 2017, intending to provide basic financial solutions to underserved populations. It primarily dealt with credit services, which is still its strong suit. BlockFi has received support from some of the financial industry’s A-listers, including Coinbase, Galaxy Digital, and others. According to the CEO, 2021 has been a fantastic year for the cryptocurrency industry.

Even though the price of the top asset Bitcoin has fallen since last year, she didn’t forget to note the gains it has made since the beginning of the year. To put that in perspective, Bitcoin has risen 112 percent since the beginning of the year, outperforming close competitor Gold, which is currently hovering around 4%.

BlockFi has a sizable following

Although most market participants have price reductions connected to volatility, according to the BlockFi CEO, it has not deprived the asset of its earnings since the beginning of the year. Marquez explained that most of the increase is due to the market’s tremendous adoption this year. Aside from institutional investors, she stated that there had been a flood of Americans joining the market.

The CEO utilized numbers from her organization to convey what she sees for the future. In the last three years, Marquez added, the company’s user base has grown significantly. It began with a paltry 10,000 in the first year under consideration and increased to 100,000 and 500,000 in the following two years.

Finally, the BlockFi CEO stated that, despite FOMO being a big accelerator for crypto adoption, more Americans would be interested in the cryptocurrency space. Further, she stated that most impartial parties to crypto might be persuaded to give the market a try if they witness the amount of gains traders have made over the year.

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