Bitcoin turns 13: what happened in 2021 and what will happen in 2022?

Precio bitcoin criptomoneda criptoactivo FotoPixabay 1

The first cryptocurrency, bitcoin, the most popular in the world, was born on January 3, 2009. How did 2021 go and what does 2022 hold? This is known.

2021 was perhaps one of the most successful for bitcoin in history. With historical maximum values, the world’s leading cryptocurrency had a year of consolidation and speculation, not exempt from his customary controversy on account of his resounding falls. See more in Personal Finance.

But first, a little history. On January 9, 2009, the document created was circulated for the first time por Satoshi Nakamoto, of whom it is not yet known if it is an individual or a group of cryptographers.

The origin, which It happened on the ‘dark web’ (a concept to refer to 90% of web content that is not visible to everyone) was controversial: it was used as virtual currency to transfer files, receive payment for video games, and was even related to the purchase of illegal drugs and other crimes .

Some years after, bitcoin and its technology that supported it, the blockchain, they began to be most popular in a community that stopped believing in the traditional financial system.

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The constant and resounding falls of the economy with losses for the common citizens and profits for those who caused the collapse (such as the financial ‘crash’ of 2008 and constant private fraud where the government tried to bail out with public funds), led to return it in a more popular investment, going from a few cents to the range of almost $ 20,000 in December 2017. A Netflix documentary ‘Banking on bitcoin’ explains that picture well.

An eventful 2021 for crypto

Bitcoin brought with it the rise of other cryptocurrencies: ether, binance, litecoin and many more began to circulate since 2017, but nothing succeeds in dethroning bitcoin as the most popular on the market.

In 2021, after a period of regulations by governments around the world, bitcoin had constant ups and downs. In January, it started at US $ 28,775 and closed 2021 at US $ 47,902, with a return on investment of 66%. It was even priced at $ 67,550 on November 7, 2021, but constant regulatory announcements, voices for and against bitcoin, and speculation hThey make the cryptocurrency bounce and fall sharply as soon as you talk about your increase in value.

The truth is that the blockchain technology that supports bitcoin and other cryptocurrencies has accelerated the technological transformation of other processes. From information storage systems in the cloud, blockchains to support NFT exchange and even blockchain technology to plant trees by counting daily steps or the number of calories burned in the day. The above are just other fields of application and the list goes on.

In 2022, the Criptonoticias portal points out, the world will continue to see a market with a cumulative trend, which could lead bitcoin to continue to grow in value. A clear example is El Salvador, a country that to convert to bitcoin its economy accumulated reserves of the digital currency. According to Willy Woo, a well-known analyst cited by the aforementioned portal, in his first market prediction bulletin he affirms that long-term holders are in a zone of maximum accumulation of bitcoin.

This allows us to infer that there is currently a bullish structure in the market. “There are indications that speculative traders have changed their role and are buying BTC instead of selling,” the analyst clarifies.

Long-term holders (LTH), those who have held BTC for more than five months, control most of the currency. “These holders took profits during the heavy sales in December, but have stopped selling in the last two weeks,” he says. the report.

With information from Criptonoticias.com

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Bitcoin turns 13: what happened in 2021 and what will happen in 2022?

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