© Reuters.
In terms of price action, cryptocurrencies like (BTC) and ether (ETH). ONE six-digit bitcoin by December became a consensus trade among many analysts, investors, and market watchers who expected the flagship cryptocurrency to replicate its previous four-year cycle.
While Bitcoin is still a long way from this coveted milestone, exponential markets require a longer-term view. If we zoom out, we can see that Bitcoin continues to print higher highs and higher lows on the yearly chart. We are also seeing significant adoption from both private and institutional investors who now view crypto as a legitimate asset class.
Tesla (NASDAQ 🙂 adds Bitcoin to its balance sheet
El Salvador declares Bitcoin to be legal tender
Crypto is becoming a multi-trillion dollar asset class
In 2021, crypto emerged as a multi-trillion dollar asset class too big to ignore. Source: CoinGecko
Bitcoin ETFs approved
Venture capital arrives
Read more on Coin Telegraph
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