Massari is a cryptocurrency analytics company founded by dan McArdle and Ryan Selkis in 2018. They have published a report called Massari Crypto Report. It is about crypto theses 2022, key trends people companies, and projects to watch across the crypto landscape with predictions for 2022. Coin Bureau has paraphrased this 165-page-report for the audience’s pleasure.
Top 10 Narratives Of 2022
The first part of Massari’s crypto report concerns the top 10 narratives and investment themes for 2022. These are:
- The collapse of institutional trust
- The inevitability of web 3
- Bridges nfts and dows
- The decoupling of cryptocurrencies
- The perpetual presence of VC investors
- The top of the current bull market
- Surviving the bear market
- Cryptocurrencies outperform the companies that support them
- Copy-trading
- The cryptocurrencies Massari’s employees
Ryan highlights that almost nobody trusts legacy institutions anymore and especially not the government. No institution is seen as both competent and ethical. Things will get worse before they get better and the censorship of crypto companies and users will become common as people look to cryptocurrency as an alternative to the status.
There are three scenarios for cryptocurrency a bull market top in early 2022 followed by a bear market. A massive 10x move across the board which lasts for a year or more or a steady climb to successive all-time highs.
Ryan doesn’t provide a price prediction for these ethereum competitors but notes that they are likely to move in tandem as we approach the top.
Top 10 People To Watch In 2022
Massari’s crypto report talks about the 10 crypto people to pay attention to in 2022:
1. Wagmi which is an acronym for “We all gonna make it.”
2. Kyle Samani from Multicoin capital Shu hu from Three Arrows Capital and CMS holdings who is apparently a popular personality on crypto Twitter.
3. Emily Choi from Coinbase who’s behind the idea for Coinbase ventures
4. Devin Finza the co-founder of the Open Sea NFT marketplace
5. Dan Robinson and Dave White of Paradigm, another crypto VC
6. Jeffrey Zerlin the co-founder of Axie Infinity
7. Tess Rineason from Twitter and Jay Graber from Bluesky Twitter’s Decentralized Social Media Platform and Jack Dorsey the former CEO of Twitter
8. Christian Smith from the Blockchain Association and Katie Hound from Andreas and Horowitz
9. SEC Commissioner Hester Pierce, she’s been fighting hard for the crypto industry at the SEC and hopefully will succeed in helping to create regulation that clarifies which cryptocurrencies are securities
10. Dokuan the founder of Terra
10 Bitcoin Predictions For 2022
The third part of Massari’s crypto report consists of Ryan’s 10 thoughts and predictions about bitcoin for 2022. In conclusion:
- Peter Schiff will continue to be wrong about Bitcoin.
- Bitcoin will continue to be the largest cryptocurrency
- Three percent of all BTC will exist on multiple blockchains
- 10% of all BTC will be locked in a spot bitcoin ETF
- China will allow Bitcoin mining again
- Bitcoin mining will be used to bootstrap green energy
- Proof-of-work and proof-of-stake will co-exist
- Proof of work will remain the fairest and secure of the two bitcoin
- Development will continue to accelerate especially on the lightning network and the lightning network will consequently continue to grow
- We could see other countries follow El Salvador’s lead in adopting BTC as legal tender
US Regulatory Predictions For 2022
The fourth part of Massari’s crypto report pertains to crypto policy in the united states. Ryan then lists the crypto risks that should be addressed with reasonable regulation these are:
- Exchange risks
- Stablecoin risks
- Banking integration risks
- Anti-money laundering surveillance risks
- Tax evasion risk
- Securities fraud risk
Ryan continues with a wish list of the seven areas where he wants to see reasonable crypto regulation and these are
- Stable coins
- KYC while preserving privacy
- Taxation community governance specifically governance tokens
- The legal recognition of decentralized autonomous organizations
- The creation of a dedicated crypto commission
- The experimentation of crypto regulation at the city level
15 Crypto Market Predictions For 2022
The fifth part of Massari’s crypto report is about market infrastructure and it consists of 15 fairly self-explanatory sections, these are:
- Bitcoin futures ETFs are and will continue to be more costly than profitable for investors.
- Grayscale’s Bitcoin trust isn’t all that great and the SEC won’t let it turn to a spot Bitcoin ETF.
- The reserves held by centralized crypto lending platforms are a bit sketchy and regulators will crackdown.
- Cryptocurrency’s centralized finance sector will continue replacing the traditional finance sector.
- Cryptocurrency exchanges will continue to grow.
- Initial litigation offerings on Avalanche will offer a way for the regular crypto holders to fight unreasonable crypto regulations.
- Crypto custodians could eventually hold 50 percent of all the cryptocurrency in circulation.
- The SEC will continue preventing regular u.s investors from participating in ICOs for ridiculous reasons.
- Crypto compliance companies like chainalysis and elliptic will provide a line of defense against regulators.
- There will be multiple payment innovations in the crypto space such as quadratic funding for public goods.
- U.S regulators will realize the importance of stablecoins in maintaining the dollar status as the world’s reserve currency.
- China’s central bank digital currency could become a threat to the U.S dollar if it offers privacy to transactions being made overseas.
- The federal reserve will continue to work on its own CBDC though it won’t be rushing as per Jerome Powell’s comments
- Circle CEO Jeremy Allaire will take center stage when USDC becomes the biggest stablecoin in the cryptocurrency
- USDP and BUSD issuer Paxos will likewise play an important role through its prolific partnerships with Facebook.
15 NFT Predictions For 2022
The sixth part of Massari’s crypto report is about nfts and web3 and it also contains 15 predictions:
- NFTs will go to zero but NFT technology will quote impact every sector of the economy.
- NFT infrastructure such as blockchains and marketplaces will quote outperform by a wide margin.
- the expected value of even the bluest chip NFT projects.
- NFTs that make you an exclusive member of a club will not survive in their current form and that’s putting it lightly.
- Fan tokens will become more popular.
- The top gaming studios will release their own play to earn crypto games.
- Composable NFTs will become more common.
- The use of NFTs in DeFi will increase as will NFT fractionalization.
- Open Sea will beat centralized NFT marketplaces because it’s safe from regulation at least for the time being.
- Cryptocurrency metaverses will beat big tech metaverses in the short term and lose in the medium term.
- Decentralized identity using NFTs will become a thing and this will open the door to new kinds of NFTs.
- Cryptocurrency domains and data monetization will see significant development.
- Decentralized social media might see its “Satoshi moment.”
- The internet will continue to decentralize with the help of decentralized storage protocols such as IPFS and Arweave.
- The physical networks which power the Internet will also continue to decentralize with the help of crypto projects.
15 DeFi Predictions For 2022
The seventh part of Massari’s crypto report is all about DeFi and here’s the abridged version of the 15 sections:
1. Tether won’t get tackled by regulators and USDT will continue to be one of the primary bridges to crypto.
2. Terra’s UST stablecoin will become the most popular decentralized stablecoin.
3. Algorithmic stablecoins will become more than a meme.
4. stablecoins that aren’t pegged to the U.S dollar will become more popular.
5. Worldcoin will onboard over 300 million people by scanning their eyeballs more about that in the description.
6. Uniswap v3 will continue to dominate the decentralized exchange niche.
7. Decentralized derivatives exchanges like perpetual protocol and DYDX will challenge centralized derivatives exchanges.
8. New kinds of DeFi protocols will emerge as part of DeFi 2.0.
9. The most successful DeFi protocols will be those that deploy on multiple blockchains.
10. Synthetic stock trading will become more popular despite being illegal in the United States.
11. Decentralized front ends for dApps will become more common as regulators crack down on crypto
12. Developers running centralized front ends as they did with Uniswap earlier this year
13. Centralized decentralized finance will become popular
14. Decentralized governance will continue to develop especially when it comes to how treasury funds are allocated
15. Decentralized insurance for DeFi protocols will be more accessible
15 Ethereum Predictions For 2022
The eighth part of Massari’s crypto report explores Ethereum, Ethereum’s layer 2 scaling solutions and cross-chain bridges it comes packed with 15 more predictions:
- Ethereum 2.0 will supercharge institutional investment into ETH partially
- Proof-of-stakes will be compliant with ESG.
- Ethereum miners will not rebel against the transition because the two mining pools that did were apparently based in China and we all know what happened there.
- Once the merge is complete liquid staking will allow people staking eth to use it in DeFi protocols.
- Ethereum’s virtual machine will continue to be the most popular smart contract engine.
- Ethereum will likely lose its dominance to EVM smart contract cryptocurrencies and layer 2 scaling solutions.
- Solana will cement its place as a top competitor to ethereum primarily because of its speed but partially because it’s not trying to copy ethereum like other smart contract cryptocurrencies.
- Polkadot will continue its parachain slot auctions as part of its slow and steady growth.
- Cosmos will become extremely important as it becomes clear that interoperability is the future of cryptocurrency.
- Terra will face some trials and tribulations during the next bear market due to its UST dynamics.
- Polygon will eventually flip eth because quote on a long enough timeline all crypto will converge to zero knowledge crypto.
- Optimistic roll-ups will become the preferred layer twos
- Zero-knowledge roll-ups will take the top spots
- The most popular bridge protocols between layer 1 and layer 2 and other layers 2 will “have higher daily volumes than the most popular centralized exchange”
- In the crypto supercycle, there will be some bear markets though.
10 DAO Predictions For 2022
The ninth part of Massari’s crypto report digs into decentralized autonomous organizations or DAOs. It comes packed with 10 predictions including:
- Cryptocurrency wallets will double as our decentralized digital identities.
- Learn-to-earn will become a thing.
- DAOs will begin to emerge as future companies and quote you’ll work for a dow someday.
- There will be lots of experimentation in DAO governance and quote this is where Massari will be spending most of its resources going forward.
- The composition of DAO treasuries will change to consist of more stable assets that don’t pump and dump like the tokens that currently make them up.
- Tools will be developed to track how these treasury funds are being spent in real time.
- It’s building something related to DAOs.
- A legal framework will be created for DAOs and given everything.
- Venture capital-focused dows will become more popular.
- Data focused DAOs will be in high demand
Messari’s Life Advice
The tenth part of Massari’s crypto report is titled about five things:
- You must get better at writing regardless of who you are and what you do because engaging communication is the only way you will thrive in this coming age of hypergrowth.
- You should not have any religious views about any topic and especially not about any cryptocurrencies because acting on anything besides raw information will lead to failure
- Get your information from the highest quality sources that you can follow closely
- Minimize your time on social media, minimize the time you spend in meetings make your schedule known to the relevant people and stick to it and make sure you get enough sleep and exercise.
- Getting married, having kids and moving to the suburbs because it will keep your mind off the crypto market
Time is the most valuable thing and that every day is day one. Everything is under your control, and that is the end of a 165-page report.
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