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CoinDesk 2021 Annual Crypto Review

Thanks to 2021, most people have at least heard of crypto by now – not just Bitcoin and Ethereum, but altcoins like DOGE and SHIB, as well as terms like NFTs and the metaverse. In CoinDesk Research’s 2021 Annual Crypto Review, we aim to summarize some of the key themes and metrics that marked the past year’s progress in cryptocurrency markets.

The CoinDesk 2021 Annual Crypto Review looks back on how crypto markets fared last year.

Overall, 2021 was an extraordinary year for the cryptocurrency and blockchain industry.

Bitcoin and Ethereum asset prices touched all-time highs while over $20 billion of venture capital and funding flowed into crypto companies. Coinbase went public, more bitcoin made its way onto MicroStrategy’s balance sheet, and a bitcoin ETF finally began trading in the United States.

Meanwhile, traditional businesses, professional athletes and celebrities were aping into NFTs, as DeFi took the virtual world by storm with promises to remake the legacy financial system.

Politicians routinely discussed crypto policy, China banned bitcoin mining and crypto trading, and a sovereign nation made bitcoin legal tender.

On the tech front, Bitcoin and Ethereum implemented protocol-wide improvements as legitimate layer 1 smart contract competitors to Ethereum began making waves.

All this and more are explored in the CoinDesk 2021 Annual Crypto Review.

George Kaloudis

George Kaloudis was a senior research analyst and columnist for CoinDesk. He focused on producing insights about Bitcoin. Previously, George spent five years in investment banking with Truist Securities in asset-based lending, mergers and acquisitions and healthcare technology coverage. George studied mathematics at Davidson College.

George Kaloudis
Edward Oosterbaan

Edward Oosterbaan was an analyst on the CoinDesk Research team focusing on Ethereum and DeFi. In 2021, Edward graduated from University of Michigan's Ross School of Business with a degree in finance and accounting. He holds ETH, AVAX, OHM and a small amount of other cryptocurrencies.

Edward Oosterbaan