Bitcoin has been a bit volatile in the last couple of months. It saw a dip where it went below 50K dollars. Many experts, then, considered that to be the end of the Bitcoin era. However, in early December, it bounced back. Although, due to the holiday season setback in the investment sector that occurs on an annual basis, Bitcoin’s price had again dropped. During the first few days of 2022, Bitcoin did see a massive jump in prices. But again, it is now heading towards a dip after the global crypto market correction.
Public Company Holding
Even after these volatile shifts in its prices, public companies’ holdings of Bitcoin have increased a lot. In fact, many experts see this as a positive for the crypto industry in general. Many have estimated that Ethereum will probably leave Bitcoin behind in a few years. However, according to this data, it doesn’t seem so. For instance, Saylor’s firm has gained a profit of 2.1$ billion ever since it invested in Bitcoin. This trend is common among companies that have invested in Bitcoin. It seems as if public opinion is shifting towards decentralized finance. Moreover, it is also estimated that the public holdings of Bitcoin will also keep on increasing in the upcoming future.
All in all, it is a very good piece of news for Bitcoin investors as well as the crypto industry in general. It seems that DeFi in the form of crypto has finally taken off, and 2022 will be an amazing year for them.