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HomeCryptocurrencyThe year for Bitcoin-- A 2021 roundup of the flagship crypto

The year for Bitcoin– A 2021 roundup of the flagship crypto

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The year for Bitcoin– A 2021 roundup of the flagship crypto

While 2021 did provide some sort of respite for financiers running across the international crypto landscape, it was still largely been driven by fears that first reared their ugly heads back in 2020. From increasing inflation rates to another wave of coronavirus-related outbreaks, the ground beneath everybody’s feet continued to move even without them understanding.

For instance, while everyone presumed that Bitcoin (BTC) would strike a cost target of $100,000 rather easily– consisting of numerous traditional banks– by the turn of the new year, the flagship crypto continued to display a high degree of volatility in spite of having touched an all-time high of $69,000 earlier in November, and essentially just relocated a broad sideways channel for the previous ten months.

That stated, there have actually been a lot of developments– mainly positive however some unfavorable too– surrounding Bitcoin this year. In this piece, we will want to check out much of these styles and far more. So, with no further ado, let’s get straight into the heart of the matter.Adoption acquires momentum as El Salvador leads the roost Known as the “Land

of Volcanoes, “the Central American nation of El Salvador stunned everyone in 2021 by ending up being the first country to adopt Bitcoin as legal tender, potentially paving the way for other countries to follow fit, particularly those being faced with problems related to widespread inflation– taking a look at you, Turkey, Venezuela and Zimbabwe.I’ve simply sent the #BitcoinLaw to Congress pic.twitter.com/DljnxsXlyt!.?.!— Nayib Bukele(@nayibbukele) June 9, 2021 And

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