Crypto Over Years - From Bubble to Regulation

Since 2009 and the beginning of Bitcoin, the spread has been slow, and with the beginning of 2018 and the boom that occurred in cryptocurrencies, many began to fight cryptocurrencies, describing them as a bubble and with a barrage of ridicule. As for central institutions and many major companies, they maintained a safe distance between them and cryptocurrencies.

Banks described Bitcoin and other cryptocurrencies as volatile and that they should not be relied upon for payment. Therefore, as I mentioned, they kept a distance between them and cryptocurrencies for a large period, which lasted for about two years.

There were few companies that took a serious step towards Bitcoin, starting in 2020, as the prices of cryptocurrencies were somewhat normal. Although the general trend of Bitcoin was bullish, the decline after 2017 created a gap between the current price and the ATH that Bitcoin reached.

With the beginning of 2021, companies and banks took a completely opposite turn after they saw the great momentum that happened to cryptocurrencies and the continuous rise of Bitcoin. The turnout began and took a positive step towards cryptocurrencies, especially from businessmen like Michael Saylor.

After that, many companies and institutions sought to obtain their share of cryptocurrencies from Bitcoin and Ethereum, and from here the competition began, and everyone realized the scarcity of currencies and the value of this technology, which was observed in NFTs, Defi, and others.

By the middle of 2021, some countries, such as El Salvador, tended to take a more positive step towards Bitcoin by using it as a flag in the country, and from here the voices of critics decreased and the arena of support for cryptocurrencies became very popular.

But the question here is what will be the year 2022?

I think that next year will be the year of regulation and regulations and a new type of struggle will begin. After governments have failed to ban cryptocurrencies, they will move to the next plan, which is regulating them and imposing regulations and laws.

And here the role of the crypto community will appear, which must take a step of rejecting this regulation as well, otherwise we will turn to centralization again.