2021 was a good year but also a bad year for cryptocurrencies.
On January 1st 2021, Bitcoin was trading for approximately USD $29000 per coin and its value has more than doubled over the year reaching USD $66000 at one point. Bitcoin’s largest ‘competitor’ , Ethereum, has been on an even better run in ’21 starting the year at USD $737 per token and hitting a high of USD $4800 – a 6.5x increase.
These types of returns would make any investment manager blush yet crypto still struggles to go mainstream, why?