2021 seemed like the year cryptocurrency grew up. Bitcoin broke out of its three-year bear market in November 2020, going on a massive rally vaulting it into mainstream public consciousness.
It was a great year for enthusiasts for sure.
We saw Bitcoin become legal tender in El Salvador, and other countries begin walking in President Bukele’s footsteps. Lightning Network began bringing first-world financial services to hundreds of millions of unbanked citizens.
Wall Street got in the bitcoin game in a big way, with multiple new ETFs, funds and IPOs. Many of Bitcoin’s enemies flipped to become allies. Some remained stalking horses for the existing system, like SEC Chairman Gary Gensler and U.S. Treasury Secretary Janet Yellen.