Hi there.You’re watching coffee and clipped on this last day of the year 2021 water year.Has this been just that? The year and all of us are reflecting back on 2021.Did think we excel that thinks we didn’t do very well at and then also make plans for 2022.What out for trends, we thought, Well, do exactly that.
But crypto site today on the programme we’ve got for you our roundtable of experts experts who will talk about sense that dominated 2021 also reflect on what are going to be those magic number figures and sectors to watch out for when it comes to 2022.So hold on, cat, you’re no bags out and get ready to cure the trend.Russell dominates 2022.But as always, let’s get some.Okay, so let’s round up of 2021 1st.
And let’s begin with how the crypt was actually fared this year round and Eve photograph for you.That tells you in just about a year’s time, what exactly has been some of the how the top coins have actually done will begin with Bitcoin.
Oh, there went from 20 to about 38 locks.As of this moment, IATA went from 50 for 1008 100 to 3 locks.
Nance went from 2800 toward 41 Solana and from 1 50 to get fourt 14,002 seventies All use or Lana.People there ended up making a lot of money card.
Donna also went from 15 212 terror.Large polka dot dot’s coin had a bit of a storey Oh, there and so did Polygon.Went from 1.5 to 1 88.That’s been one of the top biggest gainers for the year 2021.
The biggest storey, I guess, has been the adoption of Bitcoin is illegal Tender that took place in El Salvador became the first country to do so.That happened and what also happened was China clamping down on crypto currencies.But it it not seeds of response one had anticipated.In a way, when it came to India, it had been a very, very, very interesting year.
Indian governments, they considered regulation earlier got in all the memo out which said it will ban crypto than they were all go about bringing in.Stakeholders have a meetings taking place.Crypto was being discussed in parliament in Cabinet meetings in other forums as well.And Prime Minister actually lodged this week.
It felt the last closing week of the year.2021 for the prime minister launching Iit Kanpur degrees based on block team.
That is the biggest sort of endorsement we’ve seen in the past one year.If we shift to talk about Blockchain, Avi, shift to the other tech of out of a crypto here than 50 is really they went mainstream.Average price of an N F T jumped from $25 in January toward 900 in December.India’s had some massive, nifty dumps is wealth of cricketers to film stars.Two artists, all of them coming together.And then, of course, how can we forget? And how can we not talk about meta? Worse, it has win such a massive raids this year it went mainstream in factor lock down.
Getting into place in several parts of the country meant, like a lot of people making mean saying that well, let’s is join the meta worst New Year party.Paris Hilton will be hosting one, by the way, just in.BBA performed in Met hours this year, and there are so many more events that are lined up defy another major attraction point.This year, money on the five platforms rose to nearly $260 billion from $19 billion at start of the year.
Look at the jump over there and over $600 million stolen.Also a record defy hack.And later, all of that money, as it often happens, sometimes happens later returned his well.Another major update was attacked wrote, was that Bitcoins first upgrade took place in four years as well.
That, in a nutshell, is pretty much what happened this year down.So, having understood that, let’s dive straight into a very first coffee in crypto round table.And who do we have failed? Today? We have got Ajit Tripathi with us.He is the head of institutional business at away hired eat.Welcome to see.
See Anna.Kate Jindal is with us co founder of Tsunami.We’ve got to row has back with us on the programme as well and Ramesh callosum as well CEO of India Tech.So are we gonna do today is on this round table with experts who understand crypto like nobody else.We’re going to throw some questions at you, and I go around the table and understand everybody’s view on the same rights.
Are you guys ready to take on the round table challenge and get on with the crypto crypto predictions of bets to be made next year? All right, will begin with this year for the first question that we have for you.
Today is your crypt Moment of 2021.All right.And as it you wanna go first easily the coin base IPO, right? I think going base IPO brought Crypto into the deep end of the regulated institutional Second and made really mainstream.It’s it made everyone literally everyone in the world take notice that something was going on.If you are to take one, that’s the one.
And I think there must follow moments.No, not happen this year.But after pick one, I will say the entire alignments Casco that whatever happened in all again down.
So he governing with Tony Medco and and Georgie temples.
And then the same happened and met three as well and we know.Know between that’s gonna happen.Next is our RoHaas for you.For me, it would have to be El Salvador making on adopting Bitcoin as legal tender.That happen in September? I think that was mine.Ride and Ramesh.
Well, I’m a regulatory arise while keep my Bisys to regulatory stuff as well, I think I would say I mean, we released the white paper this year and move towards a structured.They find possibly some direction towards regulation discussions in India which otherwise was missing.I would say that as they’re turning point incomes of scores towards crypto in India, I actually agree with Ramesh a little over here and for me also this year, crypto.For me, the biggest moment was that or perhaps the biggest point in this country this year was crypto became a household name in India, from pan shops to auto divers accepting crypto from prime minister to finance minister talking about crypto at the highest level being discussed in parliament in houses in party’s on WhatsApp chats.Today, even my cleaning woman in my driver likely asks which going to baton.
So for me, that exactly is the biggest achievement Crypto has made this year.It has just become a household name now, which makes it even more exciting for a question.Number two for the panel, which is we want to understand next, the most in demand categories.Italy.Very hard to say.
What is the one thing tournament on So you on autocad categories? First, that you are looking at an in demand categories for the year.2022 so it could be crypt Gaming of Meta was defy Web three.Why don’t we start with the row? Has this time also, for me, it’s definitely gaming, and meta was which our club together and five would bad on that access E N J Gala Mana and Sand.I think these are the absolute top of the list when it comes to this, and I am very, very bullish on these all of them, in fact, some of them not doing very well for the past couple of weeks in months, but into I got.
So if you want to hold it now and go to the end of next year, I think this would be interesting.
Annick eight for you.Like more on the 65.I do wanna see more defiant applications.That is like next 10 new banks.No, no.Nah.
Kaji would commit pull in that.But something not only keep aside the user use it, but also like the mentioning audience are trying to use.And we can make it like movements, right? Yeah.So you know, it said two things.
One is, I think, institutional adoption of defies here.
We launched our work a just a few days ago, and Jenna and Ciba, regulated Swiss bank have applied to be a K C provider on that so regulated the fire.Large scale institutional defies coming.And since I’m also an investor in a long time supporter of Anne Caton by economy, I would say in a cross chain bridges are holding that there is a different category in a question on that altogether.Ramesh, your thoughts on what category into thing will really stand out.
Well, I would say I mean, I would tend to agree on the d five, but I would also add on the other bit, which I keep talking about for regulation is the online gaming space.And there I am, seeing a huge amount of appetite actually looking forward to kind of integrate with two and, of course, looking at coins and so on.So on line gaming space is something which is waiting up for some clarity on this side and and wanting to take off right.Finding it, really fasting in Nobody mentioned n f t.Have we exhausted that this year already is going to be something that I’ll come back to? What, let’s move onto the next question and this is interesting, while I know has has already answered.
But for the rest of the panel, I want to go to you on coins to bet on in 2022 and a case with you.Yeah, they are not the right person to commit on it because I can, actually, from clients like and Paks corrections are more unethically shelter.Thanks.The palace can come and more on the So look.I can’t offer an investment advice, you know, but everyone instructor talks their own book.Nomo’s It’s It’s tradition.So I would say I have a economy in a D five all come back in a big way, and then a director gaming.
It’s this great part writing.It’s also very overpriced There has been a lot of formal.
I think Bitcoin will start to come back because it’s something when the markets become a bit more rational than you see unison of the more the Scriptures that have survived a long time start, really combat will recover big time next year.I see.All right, so let him wander the next question.Now and then it comes to coins.One question really on everybody’s mind is what is going to be the future for Bitcoin.Will Bitcoin remain the king in the year 2022 as well? That’s an interesting space.
I can’t wait to hear answers on this one.We’ve been reading surveys and and experts writing down somebody saying is going to reach a new high.Others saying that it’s a bubble that is going to burst to where he is soon.So let’s begin with an IQ it on this currency what he has to say.Yeah, and tonnes of weather.But government came.We’re not probably, I don’t think so.You know, like, will get to seem different to do, but I am more violation freedom, I’ll say, like it here in has, like many likes a very bias of pandemic, More potential.
But current terms of whatever we seeing Nick developer be happening over there and stuff happening.So for me, like bias very by the Finnish, like more on a move forward.Okay, Ajit.But isn’t there already a lot of for competition? Therefore Ethereum are using that shine out even in 22.Yes and no.
Right.So I think it here, um has had some challenges In terms of units, defy has been a local authority use on it stadium for the ordinary users.But then there are suspicions like Polygon a long time supporter of polygon and polygon as India’s biggest kept a success.
Storey right, I think to arresting people are realising as the storey is in the coins and the prices The storey is have begun impact India’s can have all the development talented authority talent in in in India is gonna have on three.You know, the last time the Internet really happened, we didn’t have I mean, I was using dumb terminals at Iit Kanpur I and didn’t have proper computers and all that in the dorms.Now it’s a very different storey Now everyone in India is on mobile and computers and Navy really ready to build back three.I think that’s the big Storey.So India really needs to focus on the tax side.Alright, row.As for you, the question was actually on whether Bitcoin remains the king and is Ethereum going to see more competition show? Because definitely gonna remain making according to me.And I would expect $100,000 price by the end of next year and where it comes to it.
Terry Um I don’t really see it’s losing its number one position NT five, but it’s definitely gonna get a lot of competition from polygon finance.Smart change.Solana.I think this would be really good competition like still interim would still be number one.For Ramesh.You won a sort of way in on this everlasting battle between Bitcoin voices.
Ethereum.Well, I would again give a regulatory spent to it and and India answer.And that is to say, let’s look at what government of India now defines and stays in its upcoming whatever legislation.That is to say these are the coins.
We are going to allow you guys to trade in India and these are the fresh wars, and these are the metrics for it.So whoever makes the cut becomes the kingdom when the Indian start legitimately trading on it based on some regulation.Well, I doubt if Bitcoin will not make the cut.If not Bitcoin Ben Void that something that we’ll have to see, too.But let’s move on to the next one in another word, which has dominated this year’s conversation and it has had everybody jump onto it.They’ve been Twitter wars over.
It is well, and I s I am talking about Web three expectations in 2022 between 21 was all about we see is pumping in investment on betting on it on, of course, England mask fighting over it as well as was mentioned earlier.But an IQ it the Web three for you specifically, which made you see this moving forward of getting closer to realising will be still in the framework of finding out and figuring out with three.During this, a very closed off taken man die cos place on there from last three history been building gone.We are having the the adoption and giving more and discover ministries differently than 22 gonna be a lot on three.I already see, like lot of extinguish to cos searching some parts operations to three and new new like developers come again starting to build on that through So Chrissy, like a lot of companies having some part you, Nick of the telly working on keep us a lot of gaining the five companies already gonna be setting up very much collision entire three and and whatever.
You know, like a beast in this place along standpoint, unit talking space.People have now and the C forms have, like, separate arms where they just focus on the three measurements.So this is a very hot in Bali stop.
They can like our suggestion to everyone who is kind of either is a onto another part very closely.Look at the three entirely something when you do economy mostly one I see mostly about three.The Nagy it Yeah, we’re getting Let’s draw some context, right? We’re in across as a class bubble right now.And and that’s because of the Federal Reserve.
And central banks around the world have been printing a lot of money.Trillions of strike.So there is too much money in the system and everyone is speculating.
So there is a lot of speculation.Indian seven invested over 85 billion in character, but then it’s not district too right.We have mean stocks and property bubble and commodities level and so on.When all the all of this has settled down and we have kinda you know, normal service has been restored in terms of monetary policy and all of that.Then then it’s really attack Storey.It’s not a buying and selling and trading storey in the tech Storey is being built by in the likes of, you know, Annik eight and his team and Polic mon and you know, and Anna and so on and in the Tech Storey is that we are starting the bill.The class of applications that will be used on right? So so unlike Facebook that’s owned by Marks are not but dams.
Yeah, it’s not gonna be about your people printing money out of nowhere is gonna be a herd unit user own blood.See that being realised in 22 or we still some time away from that? Rohaas.
How soon or how close are we really do realising I think it’s already there in a big mess with my look at my favourite back three point.So first would be bad.Basic attention Toker and either content creator.I have been getting paid in bad for over a year now, and I see the use of it.
It really makes sense to me.And to most of the content creators.I know another project that I actually end up using a lot is filed coin, which is kinda like the Airbnb for data storage.And the third is Tita for video streaming that these three platforms of critters are already there in the mainstream.
So I think that three point who is already there is just that the terminologies we can all agree.Or but I think it’s already there.All right, so I only have time to take one more question.And this one is going to be Ramesh is domain.The word for this year for krypton.India, at least, was regulation right.We almost so Bill happen and then taken back almost.So ban come into place, then taken back.
We almost so Cabinet clearances Well, and then taken back for a re look.So what exactly are we expecting in 2022? And you know, I mean, I want to understand this from you.The information NDTV has as of this moment is that there is nothing happening on the regulation front, at least with the time elections are over.So post that are we expecting some dramatic sought offer regulation to come in Bill to be passed, perhaps in 22.
Well, there are two ways of looking at it.And I think all the information that you mentioned that I tend to agree with you on that.But if you look at the white paper that we had released, the reason I go back to that is because in the white paper, we had recommended everything that you can do without even a bill.Which means that Dave the government decides and you have the budget session of Parliament coming up in January, beginning of February.
They can name it in the project session in the in the budget document to safe cryptocurrencies will be treated this way, and this is how they will be taxed.And this is how the relevant changes in respective acts have to be made you can week for if I acts and make it into a regulation of sorts automatically.So my sense is that, I mean, ideally, if if if the government reads a white paper even more on a second look basis, I would tend to make their life easier by saying, Don’t go for a bill.Just recall your existing regulations and allow things and, where necessary, come out with specific clauses and so on as we go along.But my reading is that we need to have something in place in the budget.We can be kind of putting it over and over again.I tend to see clarity emerging in the budget in the budget document itself.That’s interesting, Ajit, for you.
Yeah, so I think, Look, there is no point in exist applying existing rules to the new Internet strike.
So if if that’s what Bill Clinton and Al Gore had done, they would not have the Internet we have today.So So I think they really need to acknowledge the nature of this technology in really, you know, update our existing rules and regulations, tutor what’s really going on with the tank, and I think that’s where innovators like an IQ eight myself in our reef ecosystem, we need to kind of work with policy makers to educate an informant, work collaboratively to figure out regulations that make sense.If he apply existing rules, we just can hurt Indian economy.Think what everybody is released.Seeking in 2022 in terms of regulation is clarity on this.
Probably want to know for sure which way because, you know, one news and our old document actually surface to sort of border bloodbath in the market, that something everybody wants to avoid Isn’t that romantic? It, um, in differently of gunning company from India.That something you wanna see because, well, our team members, employees, all this kind of scary knows what happened, how it should actually think a few share with its been a common not plus a normal unica headline is misinterpreted and Nick so many different ways.
So as for Indian entrepreneurs and other pers who’s make building on the space mean, if anyone more clarity so that we can see in India workbook here and also and the Economy Nitro has slashed one regulation, the hoping that the government takes a functional of roads.And instead of trying to put all those into one basket, there are 11 different, very clear categories separate, lost to hand, and some can be done on the existing.But sama gonna need in new legislation.I am hoping the government extra functional.All right, so regulation in the subject.Actually, that was definitely moving forward.But going by what formation said that maybe something is coming up in the budget session that be interesting to watch out for? All right, so that is the round table on coffee and crypt of the very first one that we have done for this year.Being talking about all these friends in much more detail, the next year is well attended.
Lord List this time around is back on things you want to see on the show and will be happy to incorporate.It’s in.The upcoming episodes were also coming up in the next episode.
We want to talk to I.I keep of buffers about degrees that given out by on the show because it’s actually based on blocked in.And guess who made that announcement? Well, Prime Minister Modi him.
Isn’t that one hell of a T We’re coming up for the new year.So all those details you catch ask next week until then.
Happy New Year, guys..
