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2022 wasn't all doom and gloom...

All Cryptocurrencies

by COINS NEWS 84 Views

2022 is arguably the worst year ever for crypto investors. We entered a bear market that was further exacerbated by the Terra crash, Celsius bankruptcy, Three Arrows Capital (3AC) implosion, and, yeah, FTX and Alameda elaborate scam, among others. All happening back to back with a rippling effect that is still reverberating the entire crypto market.

But it wasn't all doom and gloom as the market made remarkable progress and recorded significant achievements during the same year.

  1. Ethereum successfully switched to the proof of stake mechanisms with zero casualties and the DeFi sector continues to grow with improvements such as the ZK ecosystem growth, etc.
  2. There was astronomical growth in institutional adoption and investment in crypto and blockchain technology, with companies such as PayPal, Disney, Fidelity Bank, BlackRock, Goldman Sachs, Starbucks, Adidas, etc, leading the charge.
  3. The importance of DeFi, self-custody and the trust factor has been etched in the minds of the people which has strengthened and positioned DeFi to take the lead in 2023 and beyond.

We have learned all the lessons 2022 came to teach us and are ready to apply them in 2023 with greater clarity and focus.

May 2023 be your year in crypto. And may your portfolio grow like a giant's dildo.

HAPPY NEW YEAR!

submitted by /u/CryptoSorted
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