2021 has recorded an unprecedented amount of interest in crypto and its rise in popularity is clearly visible when we look at all the companies that have poured their funds into this industry over the past year. According to the latest data provided by Bloomberg in their new article, this year’s cash inflow into crypto comes very close to $30 billion.
This number not only tops the past record from 2018 that could see an $8 billion influx, it quadrupples it. With Bitcoin alone gaining 1,300% in value, and NFTs skyrocketing to worldwide fame, the crypto industry amassed more value in 2021 than all the previous years combined.
“We’ve moved beyond just digital gold. We’ve got financial services, art, gaming as a subcategory of NFTs, Web 3.0, decentralized social media, play-to-earn [...],” says Spencer Bogart, a Blockchain Capital LLC general partner, while PitchBook analyst Rob Le adds: “Investors are funding anything and everything.”
The biggest companies to invest into crypto this year were Robinhood Markets Inc. and Revolut Ltd. Of course, one cannot forget about Tesla and Elon Musk, who greatly “helped” the crypto PR this year by simply just talking about it.
The title of the greatest NFT earner of the year goes to Michael Jordan, who has brought $2.5 billion of worth into the industry through his NFTs.
There is no denying now, that after merely ten years of existence, the crypto industry has made its way into the mainstream culture and it looks like it is here to stay after all. The numbers are conclusive in confirming its rise to stardom over the past year alone.