UX Design & Webflow Agency NYC | Composite Global
All Posts

2021 in Review and Look Ahead

Share

January 7, 2022

Performance Review

Bitcoin opened 2021 with strong performance, carrying on its momentum from the previous year. The price doubled in Q1 as the digital currency appeared to be rapidly institutionalized, with the first bitcoin exchange-traded fund (ETF) beginning to trade in Canada, MicroStrategy, Square, and Tesla all announcing big bitcoin purchases (and Tesla accepting bitcoin payment for its vehicles), and Visa entering the space through multiple products and services. Performance reverted somewhat in Q2 after Tesla announced it would stop accepting bitcoin over environmental concerns and China announced bans of mining and trading of cryptocurrencies, but the summer saw a renewed rally following “The B Word” conference featuring a conversation with Elon Musk, Jack Dorsey, and Cathie Wood on the value of Bitcoin. This rally continued through early November, after which performance stalled and began drifting lower into the end of the year. In all, bitcoin was up 57.2%, well above any other asset class for the year.

Read more by clicking "Start reading".

Start Reading
Start Reading

Performance Review

Bitcoin opened 2021 with strong performance, carrying on its momentum from the previous year. The price doubled in Q1 as the digital currency appeared to be rapidly institutionalized, with the first bitcoin exchange-traded fund (ETF) beginning to trade in Canada, MicroStrategy, Square, and Tesla all announcing big bitcoin purchases (and Tesla accepting bitcoin payment for its vehicles), and Visa entering the space through multiple products and services. Performance reverted somewhat in Q2 after Tesla announced it would stop accepting bitcoin over environmental concerns and China announced bans of mining and trading of cryptocurrencies, but the summer saw a renewed rally following “The B Word” conference featuring a conversation with Elon Musk, Jack Dorsey, and Cathie Wood on the value of Bitcoin. This rally continued through early November, after which performance stalled and began drifting lower into the end of the year. In all, bitcoin was up 57.2%, well above any other asset class for the year.

Read more by clicking "Start reading".

Start Reading
Start Reading

Featured Research & Insights

DAT Deal Discounts Widen

DAT Deal Discounts Widen

DAT Deal Discounts Widen

Research
M&A Comes to DATs

M&A Comes to DATs

M&A Comes to DATs

Read Now
Research
It Was All a Dream

It Was All a Dream

It Was All a Dream

Read Now
Research
Let's Connect

Want to learn more about NYDIG?

Please complete the contact form, and we will help you find the right person to learn more.