2021 was a breakthrough year for crypto assets
So what changed?
“Productization” of crypto
We’re seeing real use cases and adoption of blockchain beyond mere price speculation as blockchain technology is used to disrupt multiple industries. What's been fascinating to see is the adoption in Developing countries. In a study done by Blockchain Analysis company Chainalysis, Worldwide Adoption of crypto Jumps Over 880% with huge uptick in Cryptocurrency Usage in Emerging Markets
Corporations too made big bets on the blockchain in 2021. Visa moved to allow payment settlements using cryptocurrency with PayPal & Venmo following suit. But the big news that sent shockwaves across the traditional and crypto markets was when Elon Musk’s Tesla Motors, revealed that it had allocated a sizable portion, $1.5-billion, of its balance sheet to Bitcoin.
If you want to understand the crypto industry a little more, our chats with Hossein Azari, Founder & CEO of DeFi company CMORQ, is a great first step: