The prestigious economy magazine The Economist shares its predictions about the next year in the fields of politics, economy, trade, science and culture with a cover picture and people try to interpret these pictures. According to some, The Economist prepared a very interesting cover this year with a picture that includes Bitcoin and 3 altcoin symbols and is considered to be a reference to the crypto market. to the cover art cryptocoin.com We took a look at it for our readers.
What do bitcoin and altcoin symbols mean?
Although the cover of The Economist contains many predictions for the future, the main themes for 2022 are listed and interpreted as follows.
Crypto is growing: Like all disruptive technologies, cryptocurrencies are being tamed as regulators tighten the rules. Central banks are also trying to launch their own centralized digital currencies. The outcome is interpreted to be a three-pronged struggle for the future of finance—between the crypto-blockchain-DeFi crowd, more traditional tech firms, and central banks—that will intensify in 2022.
Also, on the cover, the symbols of Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH) and Cardano (ADA) are used in a distributed manner. The picture consists of 4 quarters and each quarter represents a period of the year. For this reason, a somewhat esoteric interpretation is made that the crypto money will come to the fore in the periods when the symbols are present. ADA in the 1st quarter of the picture, LTC in the second quarter, the leading altcoin ETH in the 3rd quarter, and the leading crypto BTC in the 4th quarter. Of course, it should be noted that the probability of this being completely coincidental is high.
Democracy and autocracy: Prominent on the cover are US President Joe Biden and Chinese President Xi Jinping. America’s midterm elections and China’s Communist Party congress are interpreted as a lively comparison of their rival political systems, and that rivalry will play a role in everything from trade to technology regulation, from vaccines to space stations.
Pandemic and endemic: New antiviral pills, improved antibody treatments, and more vaccines are coming. For vaccinated people in the developed world, the virus is no longer life-threatening, but still poses a deadly threat to the developing world. Unless vaccines are accelerated, Covid-19 will become just one of many endemic diseases that affect the poor, not the rich.
Inflation concern: Supply chain disruptions and a surge in energy demand pushed prices up. Central bankers say it’s temporary, but not everyone believes them.
The future of work: There is broad consensus that the future is “hybrid” and that more people will spend more days working from home.
New technology: Regulators in America and Europe have been trying to rein in tech giants for years, but they have yet to put a dent in their growth or profits.
Climate crisis: Even as the frequency of wildfires, heatwaves and floods increases, there is a striking lack of urgency among policymakers when it comes to tackling climate change.
Travel trouble: Activity is picking up as economies reopen. But countries pursuing a zero covid “suppression” strategy, such as Australia and New Zealand, face the difficult task of managing the transition to a world where the virus is endemic.
Space races: 2022 will be the first year that more people go into space as paid passengers than government employees carried by rival space tourism firms.
Political football: The Winter Olympics in Beijing and the World Football Cup in Qatar will be reminders of how sport can bring the world together.
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