The Crypto Industry Attracted a Record $30 Billion in Investments in 2021
2021 is coming to an end, and some conclusions can be drawn. Investors are interested in the industry due to the emergence of new use cases for digital assets, which is good news. Find out more in our new LATOKEN review!
In 2021, the cryptocurrency industry attracted $30 billion in venture capital investments, Bloomberg reports. This is more than has been invested in all the years of the sector’s existence. Previously, 2018 was considered a record year, during which the crypto industry attracted about $8 billion in investments.
The cryptocurrency market has grown significantly in recent years and is no longer limited to Bitcoin. Do not forget about the emergence of the decentralized finance (DeFi) sector, the decentralized gaming (GameFi) industry, non-fungible tokens (NFT), and other crypto spheres. The emergence of new use cases for digital assets is catching the attention of investors.
As of December 2021, software developer Microstrategy is considered the largest holder of Bitcoin among public companies. According to Bitcoin Treasuries, the company has accumulated 122.5 thousand BTC worth more than $5.6 billion. Last time, Microstrategy bought cryptocurrency on December 9th.
In second place among Bitcoin holders is the electric car manufacturer Tesla. The company owns $43,200 BTC (which is more than $1.9 billion). The third place is taken by the payment company Square, which holds 8,000 BTC worth about $368 million.
It became known last week that five members of the US Congress have invested in the crypto market. In early December, Grayscale Investments presented the results of its own survey, according to which 26% of American investors already own Bitcoin.
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LATOKEN crypto exchange does not provide any investment, tax, legal, or accounting advice. This article is written for informational purposes only. Like other assets, cryptocurrency is subject to market risk. Please do your own research and trade with caution.