In honor of the Lunar New Year, the head of KuCoin crypto exchange Johnny Liu shared his vision of digital asset industry trends and predictions for 2022. He told us what to expect from the market, how to keep savings during inflation and why meta-universes are so much talked about.

Johnny Liu prefers not to give financial advice, but believes that it is never too late to invest in cryptocurrencies.

“Only 2% of people own crypto assets. But when mass adoption comes, early users will reap their rewards. Because of rising inflation, I advise more focus on passive income. KuCoin offers different ways to earn extra income: loans at 10% per annum, staking, berningdrop to increase staking rewards, and a trading bot. In one year, the exchange bot helped our users earn $150 million,” he noted.

Liu draws attention to the decreasing capitalization of the first cryptocurrency relative to the entire market.

“Bitcoin’s dominance index now stands at 42%. Most innovative projects are launched on Ethereum, and I believe it will pull ahead in the long run,” he explains.

On regulatory issues, Liu recommends patience. Authorities will gradually sort out the benefits and risks of cryptocurrencies. According to him, any restrictions are only a temporary measure.

KuCoin manager notes a positive trend in the mass adoption of cryptocurrencies at the state level. Countries are sharing experience of legalization. The meeting between Turkish President Erdogan and the head of El Salvador Nayib Bukele on January 20, 2022 is just one such example. 

Decentralized Autonomous Organizations (DAOs) are also driving mass adoption of cryptocurrencies. DAOs allow retail investors to compete with professional capitalists, as in the case of ConstitutionDAO. 

Among the trends of 2022, Johnny Liu highlighted the concept of Web 3.0 internet development. Modern web users want not only to use or create objects of the digital world, but also to own them. According to Liu, digital ownership is an important aspect of Web 3.0. The NFT boom only confirms this.

KuCoin also plans to launch decentralized marketplaces with GameFi, NFT and other innovative products this year. 

In honor of the one-year anniversary of the trading bot launch, KuCoin has launched the Lomen series of NFT robots.

According to Johnny Liu’s assertion, the most exciting topic to date is meta-universes. He sees them as a new chapter in the history of the internet that will completely change the way users live their lives.

“If giants like Facebook, Amazon and Tencent together with investors of the level of Ilon Musk are investing so much money, talent and technology in meta-universes, then it is a historical inevitability that will bring a unique experience to our lives,” said Johnny Liu.

Earlier, KuCoin launched a $100 million fund to invest in meta-universes.