Former CEO of Bitcoin.com says crypto will face downfall in 2022

Stefan Rust shared his thoughts on the crypto industry for next year and predicted that the winter of 2022 will occur with a huge downfall for this industry. 

Here we are at the end of 2021 and ready to enter in 2022. As we know, this year was better for the crypto industry because many factors supported the crypto industry and pushed toward high adoption and surge globally. Now almost every crypto personality is sharing his thoughts on the crypto industry for next year. 

Stefan Rust is the former CEO of Bitcoin.com, a crypto wallet, and news website. Right now, he is CEO of Hydro Labs. 

On the adoption of crypto and blockchain technology adoption, Rust said that CBDCs, stablecoins adoption is increasing, and also everything is going in tokenized form. And now we need a road and space to connect with all these. He added:

“As everything goes digital, as everybody tokenizes, as we see the rise of stablecoins, we see the emergence of CBDCs (central bank digital currencies) coming out — everything is going to start to get tokenized. What is needed? We need infrastructure, we need roads.”

On the current trend of the crypto industry Metaverse, Rust noted that these things are innovative and useful but Metaverse needed high computational power. So to power up the Metaverse projects, it will be better if this computational power comes from multiple blockchain Networks collectively. 

“those validator nodes need to have huge uptime, huge compute power, big IO. So power, ping, and pipe are what’s going to matter.”

Rust also noted that the crypto market will not remain at the top. Here we were in 2017-2018 and after that, we saw a huge down and up. And this market can’t achieve a situation where it will remain at high and high. 

” It can’t always be high. We were here in 2017, 2018, and we had a big boom and we came down”

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