To some people bitcoin — and cryptocurrency in general — represents a revolution. It is an alternative form of tender, a democratic currency that will strip power from central banks.
For others it is an investment, an alternative inflation hedge akin to gold. For some it is not crypto itself that interests them but the blockchain technology supporting it, which will transform world finance. Others say it is a Ponzi scheme, touted by speculators who want to get rich quick and by criminals who rely on its anonymity for money laundering.
Wherever the truth lies, 2022 should be the year regulators decide, because cryptocurrency is everywhere and has the potential to cause genuine harm.
First they need to get a proper picture of what is