Where to invest in 2022

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An unconventional boom cryptocurrency has been in the spotlight for the massive returns generated by some of the coins. Bitcoin, the biggest and most popular, has more than doubled in the past year, although it is down 32% from November’s all-time high of $ 69,045. Ethereum, the second largest market capitalization, has grown six-fold in the past year. Experts predict another bull run if India implements crypto regulations. “We look forward to clarification on taxation and the filing of the crypto bill that will put crypto assets on a par with other avenues of investment,” said Shivam Thakral, CEO of BuyUcoin. According to a report by Nasscom, “Cryptotech Industry In India,” retail investors in India have invested $ 6.6 billion in cryptocurrencies, which is expected to reach $ 15.6 billion by 2030. It indicates that the Indian crypto-tech market is expected to reach $ 241 million by 2030. Technology solutions such as the launch of central bank digital currencies will make decentralized blockchains cheaper, faster, scalable and sustainable, says Nischal Shetty, Founder and CEO of WazirX. He sees huge gains from Metaverse apps with more tech giants participating in the field by setting up or acquiring companies. The metaverse, as defined by Facebook, a large stakeholder, is “a set of virtual spaces where you can create and explore with other people who are not in the same physical space as you.”

As the pandemic has brought many industries to their knees, the changing dynamics have also opened up new opportunities. For example, P2P loans have flourished over the past six to seven years due to increased demand for small loans and industry adoption of digital and technological advancements. LenDenClub, the largest P2P lending player that processes over 2.5 lakh loan applications per month, experienced 10X loan growth (from 60 crore to 600 crore) between FY2020 and FY2021. In the first six months of fiscal 2022, it has already disbursed over 1,200 crore in loans. Bhavin Patel, founder and CEO of LenDenClub, expects the market to grow 100 times over the next few years. “We forecast two to three times the growth of loan issuance through P2P lending platforms in India in 2022.”


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