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While 2021 did offer some sort of reprieve for financiers running throughout the international crypto landscape, it was still mostly been driven by worries that initially raised their unsightly heads back in 2020. From increasing inflation rates to another wave of coronavirus-related break outs, the ground underneath everybody’s feet continued to move even without them understanding.
For example, while everybody presumed that Bitcoin ( BTC) would strike a rate target of $100,000 rather quickly– consisting of numerous conventional banks– by the turn of the brand-new year, the flagship crypto continued to display a high degree of volatility in spite of having actually touched an all-time high of $69,000 earlier in November, and basically simply relocated a broad sideways channel for the previous 10 months.
That stated, there have actually been a great deal of advancements– mainly favorable however some unfavorable also– surrounding Bitcoin this year. In this piece, we will aim to check out much of these styles and a lot more. So, with no additional ado, let’s get directly into the heart of the matter.
Adoption gets momentum as El Salvador leads the roost
Known as the “Land of Volcanoes,” the Central American country of El Salvador surprised everybody in 2021 by ending up being the very first nation to embrace Bitcoin as legal tender, possibly leading the way for other nations to do the same, specifically those being confronted with problems associated with widespread inflation– taking a look at you, Turkey, Venezuela and Zimbabwe.
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