Crypto has been one of the most talked-about things in the world of tech in 2020. Many people called it a novel way of making money without the interference of the government. They praised it for its transparency and how it will be a game-changer in the future.
But traditional finance institutes and regulators have not been happy with its rise in acceptance and popularity. In 2021, crypto saw a monumental increase in its popularity amongst the common people. Many people have been diversifying their portfolios which means that they have been actively investing some amount into crypto and DeFi assets too.
This influx of money into these systems and the rising popularity of NFTs have made it possible for crypto markets to flourish. Although China may have banned cryptocurrencies altogether, there still are nodes active there. They will be able to trade in the form of crypto easily.
On top of that, crypto has miraculously recovered from its dip that led to prices being at $30k. As of today, a single Bitcoin is now valued at $54,000. Experts have predicted another bull run after some time and Bitcoin will reach its highest point.
They say that in early 2022, BTC could be valued at as high as $100k, but these are conservative estimates. Some experts have claimed that the price will be between $200,000-$300,000 by the end of 2022.
So if you are someone who has been on the fence about buying crypto, this is the right time to do so. Any more delays and you might regret not getting into the currencies earlier.