I don’t necessarily like to do so-called ‘annual prediction’ posts. Having written a ton of them for the newsletters I’ve written over the years, looking back on them is always a bit cringe-inducing. But 2021 was a crazy year and one where so much happened that changed the landscape it looks like one of those necessary evils for 2022.
In fact, I may wind up doing more than I normally do.
After being on Bitcoin Magazine’s Fed Watch podcast in December, I was asked to do a 2022 Predictions article for them.
It just dropped over there.
It was a fascinating year for cryptos. One in which no matter how hard I tried, I couldn’t keep up with everything that happened. Going to Bitcoin 2021 in Miami and seeing the clash of OG bitcoiners with the gold rush mentality of the industry it reminded me of the best of times at your typical precious metals conference.
Hey, even Ron Paul was there, which is always a treat.
But that said, 2021 was as strange as any year I’ve ever experienced. The real clash wasn’t in the various crypto fiefdoms per se, but what the emergence of crypto as a full-fledged investible asset class meant that grabbed and held my attention all year.
It was beyond the regular bull market mentality that morphed into mania by mid-year. It was the realization that bitcoin and crypto would begin asserting its potential as a safe-haven asset that was finally proven to more than just us fringe Austro-libertarian types.
Because of this the responses from what Michael Malice calls The Cathedral and what I call The Davos Crowd is what the real story was in 2021.
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