Experts from KPMG have calculated that interest in cryptocurrencies has begun to decline, which could lead to a collapse

According to a new report by KPMG, global investment in cryptocurrency companies fell to USD 14.2 billion in the first half of 2022. For example, in 2021, investors were not stingy in investing a record 32.1 billion.

The largest cryptocurrency deals in the first 6 months of 2022, according to experts, were investments in the cryptocurrency storage firm Fireblocks ($ 550 million), Ethereum infrastructure developer ConsenSy ($ 450 million), and the cryptocurrency exchange FTX ($ 400 million).

«We have seen a significant collapse of the cryptocurrency market since the middle of the first quarter of 2022 due to the Russian-Ukrainian war, rising inflation, and the challenges faced by the Terra cryptocurrency ecosystem ,» KPMG said in its report.

However, the analysts are confident that after El Salvador and the Central African Republic have accepted bitcoin as legal tender, other developing countries may follow suit in the second half of 2022.

KPMG expects that by the end of this year, investors will abandon companies offering to invest in NFTs. Analysts notice an increasing attention to products related to secure transactions. Experts have also noted the growth of corporate interest in stablecoins, as cryptocurrency users consider them to be lower-risk investments.

KPMG predicts that well-managed cryptocurrency companies that soberly assess risks and properly build a financial management strategy will survive a long-term storm in the cryptocurrency market.