We can’t hide it – Christmas 2022 has fallen a little flat. Crypto has taken a kicking, and millions have lost some, if not all, of their wealth through the many exchange collapses that have taken place this year. After the exuberance of 2021, it’s no surprise that things are a little less cheery this time round.
However, it’s not all bad. Bitcoin is still churning out blocks, and this year has seen some good news, although at times it hasn’t felt like any is around – Brazil has legalized crypto payments in the country, and Nigeria is set to pass a bill to do the same, just a couple of years after it issued a nationwide ban.
And, while of course we’d rather it hadn’t come at the cost of people losing their money, we have, hopefully, seen the end of credit-heavy crypto lending platforms, overzealous margin trading options and all the other extraneous things that strip away the potential of crypto. Many have learnt a harsh lesson, but all we can do is take the lessons from it.
We may be in the grip of a bear market, but 2023 should hopefully be the year that the thaw begins, and we see some green shoots, and candles.
And so, wherever and however you’re celebrating, FullyCrypto says…
