Binance CEO Changpeng Zhao, who recently made his mark among the richest billionaires in the world with his fortune of $ 96 billion, wrote his expectations for the crypto industry in 2022 in Fortune India.
Noting that there was an extraordinary growth in the crypto industry in 2021, CZ stated that the interest in Bitcoin and cryptocurrencies such as Ethereum, Dogecoin and Shiba Inu is very high.
CZ also noted that global adoption of crypto is increasing as tech giants in the DeFi and GameFi space enter the crypto industry in 2021.
Stating that crypto adoption will jump in 2022, CZ stated that he expects the global crypto adoption rate to increase from the current level of 5% to 20%.
Binance CEO pointed out that DeFi sees rapid innovation in 2021. He stated that the DeFi industry will continue this innovation in 2022 and that we will see a rapid innovation in the field of SocialFi and GameFi together with DeFi.
Because CZ thinks SocialFi and GameFi domains will act as key drivers in the crypto industry in 2022.
After stating that many projects and partnerships were signed for the development of the crypto industry in 2021, CZ continued his words as follows:
“The crypto industry continues to move steadily towards mass adoption with advances in regulation and innovation in 2022. We are excited to transition to a bigger, better blockchain space.”
Finally, saying that India has invested heavily in science and technology, CZ stated that the country is preparing to become a leader in the field of blockchain and crypto.
“No matter how the Indian government chooses to categorize crypto, it is crucial that it supports and promotes innovation in the blockchain and crypto space in the country.”