Cryptocurrency with the 5 Highlights of 2021

Thairath Online

• Thai Rath Scoop

• WORLD

15 Dec 2021 19:33

share

Facebook

Twitter

Line

Copy link

record

“

Cryptocurrency

, the investment trend of the new generation

that grows strong and leaps from giving

that begin to gradually

move higher than other types of investment

continuously

Although in some countries it is still not accepted to be able to legally pay debts.

It is also full of volatility.

So, in 2021, which is about to end, what are some of the

for this relentless fervor?

From the perspective of

an analyst at

a global investment advisory firm.

For John Patrick Lee, 2021 will be a great year of recognition and development.

and the momentum is expected to continue until 2022.

As for "Digital Asset Market" in 2021, what are some highlights in the eyes of this investment analyst?

Let's listen to the analysis in the lines below.

Year 2021: Disruption and the Rise of Crypto

1. Fintech and traditional payments (acceptance) embrace more Blockchain and Crypto.

At present, it is generally known that

The “financial services industry” is being disrupted by the

upswing

of Blockchain as a result of efficiency and transparency in transactions.

caused by this technology

without the need to go through an intermediary

(banks and financial institutions) leading to an immediate reduction in transaction costs

As a result, analysts from VacEck Associates Corporation expressed confidence that Blockchain will ultimately lead the global financial direction.

"deflation"

By 2021, payment giants PayPal, Venmo, Mastercard and even Twitter will now allow customers to transact with “Bitcoin.”

2. Blockchain and Smart Contract Transaction Use Surpasses $3.5 Trillion

From the ownership of Non-Fungible Tokens (NFT) digital assets to smart contracts, the Ethereum network offers a wide range of usable features.

Therefore, it should come as no surprise that we will see exponential growth in transactions via the Ethereum network, as well as the widespread adoption of Ethereum as a base for technological innovations such as NFTs in Ethereum. The year 2021 is about to pass.

Analysts expect the size of smart contract networks such as Ethereum and Solana to grow in terms of transactions.

as well as having an increased contract value

as well as the participant network

and usage continues to grow

3. Bitcoin is starting to show its full potential.

as a destroyer of fiat currency, especially in emerging markets

Since the launch of Bitcoin in 2009, many investors have viewed it as a “safe haven” due to the negative effects of monetary and fiscal policies in force in both developed markets and the world. Emerging Markets Because Bitcoin is characterized by decentralization and stable supply.

and is not facing the pressure of inflation that often affects currencies around the world.

Meanwhile, from a geopolitical perspective, bitcoin also provides emerging markets with alternative financing.

instead of relying on loans from the International Monetary Fund

or the World Bank

which often causes serious economic problems

As of September 2021, El Salvador became the first country in the world to legally accept bitcoin.

4. The crackdown on crypto mining in China has changed global market share.

China has a love and hate relationship with Bitcoin.

Since its introduction in the digital asset exchange market in 2009, Chinese miners on the one hand have been able to significantly control the hash rate, or estimation of the processing rate, in global bitcoin mining.

It is also one of the main manufacturers of ASIC chips, which is designed to focus mainly on Bitcoin mining.

but on the other hand

Instead, the Chinese government threatened to announce a ban on mining.

or trading bitcoins

It also issued various control measures.

The most rigorous in the crypto market

more and more

Until the end of the absolute prohibition of mining, trading or trading, this issue has led the Chinese miners to flee the country.

until it immediately affects the world crypto mining market share.

5. Crypto IPO, a symbol that highlights the growth of the digital asset trading market.

2021 is a big year for companies.

Entering the crypto industry, especially in the case of “Coinbase”, a giant cryptocurrency trading company

That can create a phenomenon as the largest digital asset in history.

after being listed on the Nasdaq in April.

It is rated twice the size of the Nasdaq and is almost the same size as the company.

Intercontinental Exchange or ICE, parent company of the New York Stock Exchange (NYSE).

Special news team, Thairath Online reports.

Read interesting scoops.

Cryptocurrency

Growth with Hacker Risk

Trend of 2022: "Salesperson" career to watch, hits back to influencers in the extreme era

Talk "US economists" keep an eye on "Omicron" on the chaos that awaits.

"Omicron" update from WHO and CDC

Read more...