Bitcoiner Eric Wall’s 27 predictions for 2022

In a variety of tweets In response to the following questions, Bitcoiner Eric Wall, aka the “Altcoin Killer,” made 27 predictions about what will happen to the crypto space in 2022.

Bitcoiner Eric Wall

For example, Eric Wall believes the taproot bitcoin upgrade will not be accepted more than 20% in 2022. “Taproot’s improvements aren’t really a game changer for most people. Using Taproot is optional and requires a wallet upgrade. Since it is not a feature with high demand, it will take some time to be adopted, “explained Wall in a chat.

Likewise, Wall believes DeFi isn’t getting to Bitcoin anytime soon, but this has nothing to do with the Taproot upgrade.

“Taproot does not activate DeFi. You need a much wider range of features than what Taproot does to enable the types of DeFi activity that we see in many smart contract chains. Bitcoin is not built for DeFi and will not attract DeFi use cases. “

Eric Wall was once seen by many as a “maximumist” of Bitcoin, but seems to have shifted a bit in the direction of altcoins over the years. For example, Wall was convinced that the transition from Ethereum to the proof-of-stake consensus would be very successful and without any serious problems. Wall’s basis for this is simple.

“I know some developers.”

Another prediction by Eric Wall that will strike many concerns the NFT. According to Wall, we only displayed “first versions” as “jpegs”. He believes social tokens are an example of “an exciting new use case for NFT”. In a previous tweet, Wall wrote:

“This NFT is offering you a free dinner with AVAX Chief Protocol Architect Kevinsekniqi. The cool thing about this NFT is that you don’t have to buy it just because you want to have dinner with Kevinsekniqi. You can buy it because you expect higher demand (and thus added value) from Kevinsekniqi dinners in the future. It’s basically a social sign! ”.

According to Wall, the following will happen to other projects, tokens and parts of the crypto industry in 2022:

1. Optimistic rollups on Ethereum will be successful, but zk rollups will not.

2. Layer 2 tokens on Ethereum will have a total market capitalization of over $ 50 billion.

3. ETH won’t overturn Bitcoin.

4. Ethereum killers (SOL, AVAX, LUNA, ADA …) cannot usurp the ETH either.

5. Bitcoin Taproot upgrade is accepted no more than 20%.

6. DeFi still does not occur with Bitcoin.

7. The Lightning Network (Bitcoin) adoption rate is impressive. Don’t exceed 6000 BTC on Lightning Network public channels.

8. Stablecoins are not returning to Bitcoin. The acceptance of stablecoin USDT on the Lightning Network did not attract crowds.

9. Polygon’s decision to purchase the zk roll-up technology has led nowhere.

“NFT JPEG is easy execution First”

10. People will see exciting new use cases for NFT. As it turns out, JPEG is only the first version.

11. There is going to be a lot of ridiculousness going on in the crypto space related to the above.

12. As for Ethereum-based rollups, it looks like they will resolve network charges and congestion earlier this year, but signs of congestion will reappear before the end of the year.

13. Data availability (DA) is an important issue in 2022. DA-specific chains receive more attention. Some rollups choose to bridge with Ethereum but use other solutions as a DA layer.

14. The rainbow model created by Eric Wall for Bitcoin remains unchanged (although the author adds new numbers).

15. We will have technology ready to make low fee payments in synthetic dollars that are very private, with some degree of decentralization and censorship resistance. But they will not be commonplace in the darknet market in 2022.

Question: Do you think ETH2 will do this? unify and success Are not?

16. Yes, the merger will take place and be successful. PoW miners may protest, but any decision to split the PoW chain onto Ethereum will quickly be forfeited. There will be no catastrophic attack on ETH2 PoS (Proof-of-Stake).

the organization activated again story C.Constitution andI tissue

17. No new Bitcoin soft fork upgrades in 2022.

18. There will be new signs of institutional acceptance of Bitcoin. A huge investment in a pension fund or something similar reactivates the micro-strategy narrative, which will largely end in 2021.

19. OHM (DAO Olympus native token) failed.

Question: Predict Iota will also be great Well?

20. I would say “2022 is the year of the Coordicide,” but maybe it’s better not to let yourself down. 30% chance it will happen towards the end of the year and more likely in 2023.

21. AVAX joins the top 10. ADA leaves it.

22. Richard Heart Gabel Binance Smart Chain (BSC). It will have a market cap of $ 100 billion but will be placed at 202 on CoinMarketCap.

XRP never will come back Top 3 more

Question: Any predictions for Hedera 2022?

23. DeFi won’t happen on Hedera. And beyond DeFi, the Ethereum Virtual Machine (EVM) and / or smart contract platforms have no real use cases.

Question: What about ATOM?

24. ATOM (30th place by market capitalization) will overtake LTC (19th place by market capitalization).

Question: what do you think about it? NEAR protocol?

25. NEAR is cool, but nothing will happen

Question: XRP come back The top 3?

26. That will never happen again.

Question: Multi-year or super bear market? Cycle turn based be promoted?

27. Something in between. There is no such thing as a great bear or a super cycle.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Follow the Youtube Channel | Subscribe to telegram channel | Follow Facebook page