Announcement: BTC will enter the device market, DeFi and DAO will continue to grow.

On January 21, as central banks such as the Federal Reserve strengthened their financial performance, Huobi Research predicted that BTC would enter the bear market. At best, DeFi will continue to grow and adopt, and DAO management will eventually become a major driver of on-chain operations. The rules are also respected. According to the Global Cryptocurrency Industry Overview and Trends report published by Huobi Research in partnership with the Singapore Blockchain Association, 40 countries reported more than 150 different regimes for cryptocurrencies. Despite the negative outlook for BTC, Huobi Research believes the broader market will see significant improvements elsewhere. DeFi is one of them, and TVL for this market has grown from $19 billion in January 2021 to $250 billion by the end of the year, and people will see DeFi 2.0 being born in 2022. (Cointelegraph)