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Top 5 bullish Bitcoin stories of 2021

Published 12/23/2021, 03:05 AM
Updated 12/23/2021, 04:40 AM
© Reuters.

In terms of price action, cryptocurrencies like Bitcoin (BTC) and Ether (ETH) are ending 2021 with a whimper, confounding expectations for an end-of-year blow-off top scenario. A six-figure Bitcoin by December became a consensus trade among many analysts, investors and market observers who were expecting the flagship cryptocurrency to replicate its previous four-year cycle.

Although Bitcoin is still a long way off from that coveted milestone, exponential markets require a longer-term view. When we zoom out, we see that Bitcoin continues to print higher highs and higher lows on the yearly chart. We also see significant uptake from both retail and institutional investors who now consider crypto to be a legitimate asset class.

Tesla (NASDAQ:TSLA) adds Bitcoin to its balance sheet

El Salvador declares Bitcoin legal tender

Crypto becomes a multi-trillion-dollar asset class

In 2021, crypto emerged as a multi-trillion-dollar asset class that's too big to ignore. Source: CoinGecko

Bitcoin ETFs approved

Venture capital arrives

Continue Reading on Coin Telegraph

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