Monday, July 4

2021 – The best year for cryptocurrencies? By CoinTelegraph

© Reuters. 2021 – The best year for cryptocurrencies?

Cryptocurrencies became the favorite financial asset for institutional investors who wanted to increase the degree of diversification of their portfolios. This trend has been undoubted according to data collected by PitchBook during the course of 2021, the result has also been accompanied by the interest in participating from the Latin American region, increasing its use and knowledge of how to use the benefits on a day-to-day basis. We saw an example of this in the article in which Finder pointed out that this country in the region was above the United States in the possession of digital assets.

The significant impact that we have been able to evidence through the price of historical highs of various assets during the year has been through the participation of management funds that have injected 30,000 million dollars into the market, beating the record figure which was reached in 2018 with a participation of 8,000 million dollars, as reported by Bloomberg.

Years ago, at the beginning of the profitability fever for cryptocurrencies, there were few assets that attracted the attention of users to invest their money. In those days, the focus of popular interest was directed towards the digital gold proposal that it meant, resulting in the price registering constant growth and the only thing that was talked about in the environment was about the price increase instead of your value proposition. Thanks to the subsequent fall that the king crypto asset registered, the entire market could understand that like everyone else in traditional finance, cryptocurrencies had their bullish and bearish cycles, but it was these cycles that took us from $ 3,200 per Bitcoin to the prices at which it is listed today.

Read the full article on Cointelegraph

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Reference-es.investing.com

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