5 Facts You Need To Know About Cryptocurrency In 2021

Date: 29-06-2021 12:57 pm (1 year ago) | Author: Bayo Nelson
- at 29-06-2021 12:57 PM (1 year ago)
Online (m)

Cryptocurrencies have been getting a lot of attention over the past several months. What sparked as an initial interest has now turned into a source of income for many! The market value for bitcoin has seen astronomical ups and disappointing lows in 2021 indicating one crucial fact – that it is a very volatile cryptocurrency. While some have cashed in on the volatility and made profits, others have experienced huge losses.

While bitcoin has only grown over the past several years it has been in existence, it still remains as a very volatile class for several investors. And the whole concept of cryptocurrency is often seemingly wrapped in mystery because of the complexities behind its working. Add to the fact that it is not regulated by governmental institutions – and there are even fewer takers.
Don’t worry! This article isn’t meant to be a guide on how cryptocurrencies work overall. In fact, we are going to give you some interesting facts that you must know about.

Cryptocurrencies are roughly valued at $1.4 trillion
The current total market capitalization (which, roughly explained, is the total value of all the shares of stock – in this case the value of all the cryptocurrencies) of all cryptocurrencies reached a jaw-dropping $2.3 trillion mark in the first week of May. This is double to what the market cap was in February of this year. Now you know exactly why and how so many people are taking a keen interest in this asset class.
Bitcoin, which is the most valued cryptocurrency in the world, stands at a market cap of $715.46 billion.
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100+ million people have crypto
The number of global crypto users reached a staggering  106 million in January. This is a sharp increase of 15.7% since the last month of 2020. Moreover, with the meteoric rise in value of bitcoin and Ethereum, two of the most popular cryptocurrencies in the word, even boomers and Gen Xers are taking a huge undying interest in the currencies!  

Facebook, Tesla, Mastercard, and Visa are buying crypto

It should come as no surprise that tech masters like Facebook and Tesla are also investing in bitcoin. Tesla invested about $1.5 billion in bitcoin in 2021. This might actually come as a surprise but Facebook will launch its own cryptocurrency this year!  
MicroStrategy, a business intelligence company has invested about $15 million in 2021. They have additionally bought 253 bitcoins and plan to keep buying periodically. They are considered one of the biggest institutional investors in the famous cryptocurrency.
Companies like Mastercard, Visa, and PayPal have also shown a keen interest in this space. Some of them are even allowing users to trade some cryptocurrencies.

There are 400% more bitcoin millionaires

Ever since the year 2021 started, there has been a continuous increase in the number of bitcoin millionaires. Now, there are more than 100,000 bitcoin wallets that have over $1 million valued in the cryptocurrency. A huge 400% jump from the previous months!  
You might think that against the 46.8 million millionaires in the world, this figure is a minuscule one. But you mustn’t forget that bitcoin is slightly over ten years old. Give the market the credit that it has only increased in value over the past several years!

We only have 21 million bitcoins in total

That’s right. This most-valued cryptocurrency has a limited supply of 21 million, out of which there are already 18.638 million in circulation. Now, we are only left with a total of 2.362 million more bitcoins that can be mined and introduced in the market.
The process of mining (or adding more bitcoins in circulation) bitcoin is complex – hence miners get a fixed number as a reward upon its successful mining. However, this reward halves every four years. For instance, after its launch, miners used to get 50 bitcoins, which halved to 25 in 2012, 12.5 in 2016, and 6.25 in 2021.

Posted: at 29-06-2021 12:57 PM (1 year ago) | Hero
- TomSands at 27-07-2021 10:03 AM (1 year ago)
People that were smart enough to buy crypto a long time ago are millionaires now.
Posted: at 27-07-2021 10:03 AM (1 year ago) | Newbie
- julianclar at 27-07-2021 11:24 AM (1 year ago)
Well that makes a lot of sense, they're lucky...
Posted: at 27-07-2021 11:24 AM (1 year ago) | Newbie
- joetuckeruj at 6-09-2021 05:14 PM (1 year ago)
You're right. People who acquired cryptocurrency long ago are millionaires today. But what prevents you from becoming one today? All you have to do is study the business of crypto trading well. If you understand everything and can put the theory into practice, you will make good profits. You should know that this is a precarious business. To not lose profits but to increase them, you need to make an in-depth analysis of the market and strictly stick to the trading strategy that suits you. I used to have just a few different coins in my crypto wallet, but recently I started trading. My good friend, who is also involved in trading, recommended that I study a swing trading style https://timthomas.co/swing-trading-strategies/. At the moment, I only use it because this strategy does not take much time, which is very important to me.
Posted: at 6-09-2021 05:14 PM (1 year ago) | Newbie
- rocknrolla at 22-09-2021 05:57 PM (1 year ago)
All the useful and important information that you can find about crypto in 2021 is on the cryptoandfire website. I realized this when I was looking for information about how to withdraw bitcoin anonymously and was looking for predictions for the next couple of years. I think that it will also be interesting for you to read it.
Posted: at 22-09-2021 05:57 PM (1 year ago) | Newbie
- lineagerq at 24-01-2022 12:03 AM (10 months ago)
The cryptocurrency and trading industry is continually evolving and rising in popularity. So, like many others, I began to research a wide range of topics and terminology. But, unfortunately for me, I came across a variety of questions. What, for example, is kucoin api? That's when I discovered an intriguing article. It provided answers to all of my questions. I can wholeheartedly suggest it to you because it has a wealth of important information.
Posted: at 24-01-2022 12:03 AM (10 months ago) | Newbie
- NickyNiks09 at 28-03-2022 11:34 PM (8 months ago)
Hi, good advice, but I'm really sorry that no one told me in 2021 that the crypt can be owned. And it is quite easy if you can correctly calculate the income and expenses of such a process. And in fact it is quite easy to do if you have access to a mining profitability calculator. With these calculators, you can calculate how many video cards you need to have a coin.
Posted: at 28-03-2022 11:34 PM (8 months ago) | Newbie
- KazirLucidity at 29-03-2022 01:01 AM (8 months ago)
Hmm all these people
Posted: at 29-03-2022 01:01 AM (8 months ago) | Gistmaniac
- bellabern at 26-05-2022 11:12 AM (6 months ago)
Most people are still not ready for the concept of cryptocurrency, as they are used to the classical financial system. I think that blockchain will be able to strengthen its position only in 5-10 years when the number of users will increase and familiarity with this technology will begin to grow.
Of course, it is necessary to understand economic theory, to know about the crypto incubator, financial systems, and so on. Beginners should pay due attention to the study of economic theory; otherwise, the invested money will not work.
Posted: at 26-05-2022 11:12 AM (6 months ago) | Newbie
- Lucas437 at 30-06-2022 12:20 PM (5 months ago)
It is no secret that cryptocurrency has become very popular lately, there is such a topic as crypto-trading, with the help of which you can make a lot of money. You too can easily buy and sell cryptocurrency at j2tx.com . There you can easily buy btc online and with low transaction fee. Very easy and convenient.
Posted: at 30-06-2022 12:20 PM (5 months ago) | Newbie
- Derrils3 at 27-07-2022 11:04 AM (4 months ago)
 In a digital asset trading platform preferably https://vexel.com/ They are not that known by some traders but they are making names for themselves and continuesly making efforts to promote their trading platform.
Posted: at 27-07-2022 11:04 AM (4 months ago) | Newbie


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