A Review of 2021 in the Crypto Space Plus a Peek into 2022

We’re still early
No review could be complete without mentioning El Salvador. For crypto veteran Aaron Koenig,  El Salvador’s decision to make the entire country “Bitcoin Beach” was one of the most impressive market events of 2021. Alexander Hoeptner, CEO of BitMex, has a similar view. Alexander says:

“The fact that El Salvador accepts Bitcoin as an official means of payment is really the beginning of the triumphal march of tokenization, blockchain technology and crypto in general. As a result, the barriers to use have fallen and a realistic use case materializes.”
As it stands, not only Bitcoin has reached an important milestone with profound consequences for our financial system. The crypto space with all its niches has shown incredible developments. It will change various economic sectors forever.

Now we can slowly ask ourselves whether we are moving from the phase of “early adoption” to the phase of “early majority.”

The sum of events
Susanne Fromm, CEO of coinIX, explains that the sum of events in the crypto market was impressive:

“Crypto technology has experienced a strong acceleration in use and adoption in 2021 and has also impressively demonstrated some special features. At the beginning of the year, in my conversations with private and professional investors, I experienced a largely skeptical sentiment towards crypto currencies. Reservations such as the use of cryptocurrencies for criminal activities or an imminent ban by regulators were still very present. Almost a year later, even the German savings bank group (50 million customers) is now working on offering investments in Bitcoin and Ethereum. A number of other banks… have similar plans.

Source : beincrypto.com